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Everything is running smoothly. My north star is this /ES chart (4 hour bars) which has painted out a textbook-quality head and shoulders top. If you need me, I’ll be spending some quality time with my copy of Lil’ Lovers: The Best of Midget Porn Volume VII.
No matter what you hear coming out of this room, do not open the door.
I was so bummed yesterday evening. I had increased my short exposure substantially late in the day, and in spite of TSLA and GOOGL falling after hours, the semi/memory space that I was so short didn’t care. In fact, semi/memory was quite strong, as illustrated by what was going on with SMH. I was pissed off: how could a giant like GOOGL get whacked and other tech stuff still celebrate?
As I’m typing these words, the /ES is green, the /RTY is green, and the /YM is green, and yet:
The majority of my short positions are having a good day, particularly since I have a concentration in semiconductors. Not bad! Let’s keep it going.
In a sane world, the Dow would be about 30,000 points lower than it is right now, but the world, as we know, isn’t the least bit sane.
Over the weekend, as war exploded onto the scene again, I watched with eyerolls how IG Weekend was down about 0.25%, and BTC unchanged, in spite of the news. Once the futures finally opened on Sunday, yes, they fell somewhat, but they began to rally. I was so nauseated that I turned every single screen off and pledged to myself I wouldn’t look again until right about now.
