We are repeating the worst part of 2022, the collapse the open edition. There was a point in 2022 when the open would collapse and then we’d pretend all was well for a few hours, and then collapsed again to clown shoe into the close. In 2023, so far, we just collapse and after that is done, we collapse again.
Rumor mill is rife with reports of a full Russian and Belarusian mobilization. Since Ukraine is having so much success, it seems, Russia is now intent on upgrading the seriousness and tempo of the war. I have little doubt NATO aka America will be an active belligerent by year end in this conflict.
As you know, I am 100% long, so I’ve been hedging all morning — trading here and there. I take a little profit in SQQQ, some in FNGD, maybe a dollar or two in SOXS and keep it moving. My intent is to reduce my losses on days like today.
If we are judging the first week of January, thusly, I’d call it an abomination.
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How can you have “losses on days like today” when everything is up?