We’ll talk about this bumbling bozo in a moment. Before we get to him and how much winning he claims to be enjoying, we need to discuss my miserable night.
As I mentioned in my premium post yesterday evening, in spite of my youth and athletic physique, my hip had me in absolute agony yesterday. It was getting worse all day, and after I managed to get into my car (a difficult undertaking) and go to a place to get a one-hour massage, I felt even worse.
Following that, I got into my car again (much harder this time) and drove to Urgent Care, where they immediately saw me, gave me a shot in the butt, and sent me on my way. Again, I felt worse than before.
It was painful even just to lay in bed, and any motion was horrible. I was in so much discomfort that I was on the cusp of vomiting but then, just to make really clear how tenuous my life was, God shook hundreds of square miles and gave our house the biggest jolt I’ve felt in decades.
It was a terrible, scary night! At that point, I crawled to the bathroom (just in case), placed myself on tile floor, and spent the next few hours doing what I had already been doing: not sleeping and trying to move my right leg even just a little bit without horrible pain.
So, here I am, fresh and frisky off of probably 30 minutes of sleep grand total, ready to serve you with charts! What’s keeping my spirits from total collapse, of course, is that Trump’s speech last night, intended to reassure the public and calm down the oil markets, has had the totally opposite effect.
Simply stated, he accomplished what he’s managed to do throughout his entire life: turning whatever he touches into shit. He’s an inveterate fuck-up, whether you’re talking about his failed marriages, failed businesses, or his destruction of what was once a nice country.
As a side note, I wanted to mention that while his speeches are typically poorly written, last night’s was made extra-crappy by the tiresome recitation of the length of various other wars in years, months, and days. The point he was trying to make was that a one-month long war wasn’t a big deal compared to wars of the past, but Jesus Christ, he didn’t have to spend all our time talking about “17 years, 5 months, and 4 days.” I guess we can be grateful he didn’t get any more finely grained that that. (“…..and 37 seconds!”)
Of course, with oil up a DOUBLE-DIGIT percent, equities have turned ugly as Laura Loomer again.
My suggestion yesterday to short miners (GDX) was also spot-on, although my stop loss (96.20) was a tiny bit too tight, so, yeah, crap! But congrats to those who hung on:
We on day 4 of a 4-day trading week, but it feels like it’s lasted a month already. I would also like to point out that the /RTY has undone all, and I do mean ALL, of its ridiculous “Trump has said the war is over!!!” rally from Tuesday morning. Jesus, this has become such a running gag. People are so dumb to listen to this hapless jackass.
I am coming into the day with 30 short positions and a commitment level of 131%. The market’s insane strength earlier this week had pummeled me into a very light positioning yesterday morning (one of my accounts had only THREE positions total!!!!) but, thanks be to Allah, I ramped back up yesterday during the market’s last bout of strength (which is where my long list of short ideas to premium members came from yesterday).
Thank you for your attention to these matters.
