Up until the closing seconds of the day, our friend Nasdaq was printing the illusive normal day. These day types are anything but, and it morphed into a normal variation on the closing tick (much to stat head’s chagrin) but its appearance atop a pro gap was a bit divine.
My weekend work had me prepared to receive a rake to the crotch-al region come Monday because well, charts looked pretty glum, chum. However, much to my delight the ubiquitous they decided it was high time we mark up prices.
They do so to help our good friends in the business of raising money. You see, who wants to show clients a flat quarterly S&P 500? Everyone knows you either grow or die. A plateau is the siesta before fate. No, we must show turnt up gains.
In other news, despite hostile weather conditions sending a Canadian airliner careening to earth, SAVE is on a tear—a tear, mind you, that was served on a platter via The PPT. It shall continue to run, or fly, if I may be so bold. For reasons unbeknownst to me, XLE had a stupendous day as well. So my energy-airline strategy had an all around swell showing.
It can be hard to execute in this tape. Markets are elevated, stocks are all over the place, pets HEADS ARE FALLING OFF. Find a way to cut through the BS and generate your own ideas. Hint—use stats.