I’m not going to sit here and bullshit you fine gentlemen. I haven’t a clue where the market is headed. I see strength in financial stocks, whom usually look like shit. While, I see weakness in stocks that generally show strength. WTF does this mean? Dumb money pushing the limits due to weak volume? War in Iran a good thing? Seriously, if you have the faintest clue let me know.
I avoided disaster today, but feel like shit nonetheless. I would like to jump on the bandwagon long except, I can’t shake the fact that this bandwagon is heading for a cliff. I took the liberty of exiting the market for a short break today. After much thought, I decided it was better to take a break to gain a better perspective. Today was quite draining, because I had to go against my convictions.
Moving onto the market, I’m seeing weird shit. I see stupid articles like this(here). Is that a serious article? While I see stocks like MCD, looking like death. Like I said, I have no idea where the market is heading, but individual names are all over the place.
Stocks that look like shit include; MCD, KO, AZO, CMG, VZ, IBM and many other blues. While stocks that look like winners include, anything that has looked like shit in the passed several months. Today was a fucking change up. The market benched all the star players, and ran with the third line. Yet, the market still managed to pull higher. Probably why I’m so fucking baffled. I suspect these garbage names should be faded, and the real tell is the weakness in the blue chips. I have positioned myself short. I’m currently short CMG with a small short on AZO.
Chances are that this market continues to stupefy me, while I continue to make money. I’m amazed I ended the day positive, after such horrible beginnings.
