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I’ve been getting stopped out left, right, and sideways. My entire exposure stands at 21 positions now and I am adding NOTHING. My commitment level is a mere 78%, and I view even that with reluctance and doubt. It’s the same culprits keeping the market aloft: microchips and rocket ships:
We awake, as usual, to an all-green screen, but there is one very bright spot for me this morning in the form of Up Fintech (TIGR), a short I’ve been mentioning quite a lot recently on my show. Here is how it’s looking this morning:
Sell in May and go away, huh? Well, we’ll see. The thing with this Everything Bubble is that it never seems to pop. Not in any meaningful way in eighteen solid years! Indeed, as I’m typing this Thursday night, the Dow Industrials seems like it has caught its breath and is ready to blast higher again (the indicators are the CCI and RSI, shown below with each index chart).
