How is it possible for ORCL to be up 10% in the pre-market, yet NASDAQ futures are unch? Have you taken a look at Europe? Down around 0.5%. Gold is up this morning too, which leads me to believe we’re gonna sell off today.
Yesterday, in spite of the strength in healthcare and tech, most stocks traded down — with breadth sub 50%. TLT lifted towards the end of the session and posted gains…again.
I’m gonna go out on a limb here and suggest we’re due for a truly horrible few weeks of trading. Things are getting slow, investors lazy, and the data is milquetoast. Because of the complacency, the market can have a true black swan event. Now, I am hardly positioned to deal with such tragedies — but I’ll get there. My portfolio, as you know, is systematically controlled now. This is part of my plan to automate my investments to the point where I can drink martinis all day, without having to worry about inflows/outflows/whatever the fuck flows. I know exactly what I want in a stock/portfolio, so I set the rules in advance and merely adhere to them.
Thus far, the plan has gone better than I expected, with my trades beating out the SPY in each of the last 6 weeks.
I will be out of pocket most of the day, dealing with end of school year stuff. I’ll probably head on over to an amusement park later on — in order to waste inordinate sums of money and make myself sick from riding death coasters. I’ve never liked rides and do not, in the least, find them to be worthy of waiting on line. Nevertheless, being the sport that I am, I will comply.
It has been a fine market, probably the least drama free in years. But it’s a little boring, making money without consequences. It reminds of that Twilight Zone episode where a criminal dies, goes to hell, and is upset that he keeps winning when he gambled or never got caught when robbing banks. The fun was sapped out of his crime sprees, since there weren’t any consequences. Now I am not suggesting our little business is the equivalent to robbing banks. Us Wall Streeters are upstanding individuals, who love the environment and rarely, if ever, use fouled language. To that end, this is getting a bit redundant. I want fire, brimstone, blood flowing throughout the streets of Wall.
Have a productive day.Comments »