Frozen vanilla chai latte to my head, I have a short bias heading into the week, but my models are all coming in neutral.
It is worth noting I had a short bias for the last two weeks. That didn’t work out too hot. Being cold to this market kept me sidelined while epic squeezes took place in the energy industries.
I missed some action, fine. The good thing about trades is another one is always coming, just like buses in the city [not Detroit].
I closed my Walmart investment out late last week. It was sporting a failed auction and I don’t play around with failed auctions anymore. Plus Macke has been throwing mad shade on their share buyback program.
Anyhow these days, if a swing trade makes money it makes cents [sic] to book it. I collected a dividend along the way [old man swag].
Enough about me. Stocks exacted a serious amount of pain on short sellers and sideliners last week. FOMO is elevated but not radically strong. Sentiment is tepid, the wall-o-worry is alive and well, but I don’t like it.
I would rather be tactical, speed boating into position trades and jab, jab, hooking my way through the futures market. In short, I’m cashed up and neutral.
If you enjoy the content at iBankCoin, please follow us on Twitter
This blog was awesome! Not that they aren’t all awesome but, this was a goodie.
gracias