The final mega-earnings even of this week was Apple (AAPL) which reported after Thursday’s close. The stock spiked about ten dollars higher and then got zeroed out. At this point, it has been effectively dead money, cruising along at $258 plus or minus a few dimes, for days. Boring, boring, boring, but a big relief that it didn’t do anything to help our bullish friends.
As such, the /NQ is soft, down about two-thirds of a percent before the open, and retaining its marvelous failure from yesterday morning, God bless it.
Early yesterday, I did a post called He’s Lost His Mind in which I went bearish (for now) on precious metals. I guess it wasn’t so crazy after all! Silver is getting nuked and is a double-digit critter once more.
Gold is down HUNDREDS of dollars since my post as well. Yowzah!
I made a great, quick profit in DUST yesterday, but, yeah, sold way too soon. Oh, well.
Broadly speaking, the bulls have totally dropped the ball. We were at LIFETIME HIGHS with the SPY on Tuesday, but you can see what they’ve done with it since then. Jack Squat. Dick All. You get the idea.
I am in 34 short positions and also have 2 lunatic long positions which are bearish as well – UVIX and FNGD. Good luck out there in the mayhem, folks, and try not to swear at the screen or else we’ll have to warsh your mouth out with soap.
