Apple is leading an army of centaurs to the NYSE, where they will kick the eyebrows off all of its traders.
This is the very worst case scenario for stocks. Oil stocks are lower by 7.6% FOR THE DAY. Biotech stocks are down more than 4%, FOR THE DAY. Bear in mind, the lower these oil and gas stocks dive, the worse the debt crisis looms. Right now, it’s looming pretty fucking terrible.
Earlier this morning, at the open, I sold 1/6th of my SPY position–as scheduled.
Lastly, TWTR’s stock price is diving lower by 8% and SQ is down by 11%. In other words, Jack Dorsey is actively destroying the purses of all parties involved. He’s a destroyer of wealth on a monumental scale.
1 tick to green. Turnaround Tuesday.
getting long here and trying to get longer
Okay. We got our rally that lasted more than 5 minutes. Next we look for a rally that lasts more than an hour. We’ll get there.
There’s nothing Dorsey can do. There’s not much to monetize with Twitter. It’s not that kind of product.