Significant Breakout and Breakdown Underway

All of the meme stocks are getting battered and bruised, as Wall Street offers all of the newly minted market participants a very warm salutation. The narrative today is to be long pot, SAAS, and other traditional “Biden plays”, also some oil and to discard with the short squeezes and of course retarded silver.

This is exponentially healthier for the market. My mother always said “a healthy hedge fund makes a good market.”

We do not want to destroy hedge funds now, not whilst things are going well. That comes later. For now, we want to extract coin from this market and play the breakouts. I am actively trading today, as always, without much headway — but I am eager to succeed and make it work.

I am tempted to buy the silver dip — but I rarely buy dips. The higher probability outcome is for a trend to continue; hence, I spend the balance of my days and nights chasing performance.

My one sacred buy and hold is ETH — and I will not deviate from that position for at least two more years. I also started to buy UNI recently, based upon the emergence of “DEFI” being something people believe is important. Whether it comes to fruition or not is another story. I merely follow what is trending and what might be explosive.