Dump it.
Dump it again.
I spent the morning cleaning out my trading account of the refuse, selling RENN for an 11% loss, GPRE for -3%, and NTLA -9%. Given my recent winners, this is nothing but a mere paint chip on the side of my gigantic warship.
It’s evident to anyone paying close attention, we have Dow Theory distribution taking place in the trannies, an economically sensitive sector that bodes miserably for ze bulls.
Observe.
Over the past 2 weeks, truckers are off by 10%. Bet most of you didn’t know that.
Today’s exuberance is in the biotech sector, so I faded it and bought LABD.
For now, the trend is, inexorably, lower. A behavioral shift has been noted and logged.
The only true way to partake in the downside is to strip account barren and to the bones of the longs and overweight shorts. Should stocks belly flop off the bottom and bounce, this stratagem will ruefully scorn you. However, in the event this rollover is legit, you will forever be in my debt. Watch the tape carefully and be sure not to overstay your welcome.
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UUP way up. gotta believe it also hurts equities.
Watching SMH fight it out over the 200d. I’m plenty short on this one.
Is it not time to become DRIP gods again? I bought some this morning.
You buy when they are up and sell when down? bought gush, mu soxl, mu, wdc at the dip.
i was down 3 days in a row, just turned +, may be my big up day BTD.