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This was one of those delightful and extremely rare days when I should have done terribly but, instead, every single position went my way in spite of the market (/ES and /NQ) being quite strong. Huzzah! What a countertrend I am!
I’m traveling, which tends to handicap my trading. This morning, the handicap was probably beneficial, because the day started off pretty badly but, over the course of about an hour, healed dramatically for obvious reasons:
Every position is profitable – – many, richly so – – with the champion being Starbucks, which is sporting a 48.6% profit on those put options. We’re only one hour into the H2 2024, but I like it!
At the very beginning of this year, I did a post called, quite explicitly, Walgreens Boot Short. At the time, the chart looked like this:
Below is portrayed a hideous, wretched specter which causes nightmares for both beast and man. Just beneath her is the chart of the /NQ futures overnight, which are taking a welcome tumble.
