Would you be interested in buying an alarm clock which wakes you up with Swiss-like accuracy every 90 minutes all through the night? I call it Mishka. Let me know.
I appreciate everyone’s feedback on the new trading diary. We’ve already made fixes and improvements based on your feedback. I’ll obviously keep you posted as we flesh this product out more. Please keep using it and ping me with any issues, since I think we’ve cleared the board at this point.
As for the markets, I think BTC sums it up best: after the whole Venezuela thing (which already feels like a month ago), the lunkheads were all scurrying around with their typical “WE ARE SO BACK” nonsense, only to see prices hit resistance (again) and fall (again). We’re back in the eighty-thousands.
For equities, I was wringing my hands yesterday about the break above resistance on the /NQ, but it turns out that failed as well. Of course, today could be quiet compared to tomorrow, at which time the jobs report definitely comes out and the SCOTUS tariff ruling might come out.
The Dow desperately wants to win that 50,000 baseball cap, and it came incredibly close yesterday, only to slump by hundreds of points. Humans sure do have a boner for big round numbers.
Over in precious metals land, silver has in recent days poked above the $80 level twice, only to be rejected each time. I still think a serious sell-off is coming at some point to wipe out weaker hands, but it’s treading water still. Silver is down nearly 5% at the moment, but in these volatile times, that’s practically flat.
Gold seems more vulnerable, since its equivalent lunge at highs didn’t even come close to matching the same levels as silver did. The mass of activity represents a unified “lower high”.
The market’s about to open, so I’ll sign off for now. For those of you in the northern extremes of the U.S., I’m sure you’ll be praying of the poor souls in Palo Alto as they face an Extreme Cold Watch.
