SAVED BY THE LINES

The technical analysis nerds controlled today’s tape and bought every support, sold all lines of “resistance.” Ergo, markets closed up 77, off the highs — but a decent showing nonetheless.

I closed almost exactly FLAT for the session, which is a massive skill on its own right. Many can make money. Most can lose money. But how many can close flat?

I am 25% hedged via SQQQ and down 2% on the position, so my patience tomorrow morning will be thin.

What the fuck am I doing?

Not sure yet. I am speculating around the fringes and do not trust the market. Since the NASDAQ is down 0.17% for 2023, I am more or less in line with the broader indices — eagerly awaiting for an opportunity to bust loose.