I bring you many greetings from the land of milk and honey. I am enjoying today’s market of misdirection, despite it coming at a tall order for yours truly. We all thought today was going to be a rout of sorts for the commodity sector when in fact it was the tech sector that was being prepped for the gallows.
Market breadth is an abysmal 28% and technicals have soured to the point of apathy. But let me remind you that this is a common occurrence. I am sure you can pull up several articles of mine over the years titled “CHRISTMAS IS CANCELED.” It’s always canceled, until it isn’t. Retail sales are never enough and the people who trade this tape are always dicks. These are all ingredients for a recipe that results in a very annoying soufflé.
I invite you to eat a baguette, drink a few glasses of your favorite Bordeaux, and play some scratch off lottery tickets.
As for me, I am busy putting up Xmas lights.
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I don’t have to put up lights. I made up an imaginary factoid that homes w/ lights were 10x more likely to get burgled, because the lights advertise that Christmas (and gifts) are enjoyed within. That was the end of it..
Right on Senor Fly! My lights are up and I added to TRIP
bot GILD, PSX, AAPL
short the bounce for 2 weeks, then buy the dip for xmas.
Ru still holding YELP? If it breaks 55ish level might see a more downside.
MBLY has been horrible since that initial earnings pop.
The one green star on my tape, $COST, is still pulling.
OK. This is hilarious. I think it’s a good day for a nap.
Good Dr. – what’s up with Balt and Drys? Quick drops on both. No news. Worth starting a position in for a possible December run? Your insight would be much appreciated. Thank you!!
“Retail sales are never enough and the people who trade this tape are always dicks.”
So good.