First I’d like to say perma-bulls need to take a step back and fucking relax. You’ve been drubbed to the tune of 30% the past month, holding onto dear life — like a god damned idiot. YOU DO NOT GET TO CELEBRATE TONIGHT.
I repeat: PERMANENT BULLS DO NOT GET TO CELEBRATE TONIGHT.
Who gets to celebrate?
Men like men and exactly like me.
I sold TVIX on Friday, after recognizing a change in the tape and because I had no interest in incurring the risk of a Trump deal. After all, the guy lives and dies off his ability to do deals. I’d have to be a complete jackass to not take a long position — AND I DID. So, therefore, and ergo, shut the fuck up. My SOXL gains are going to be so extreme — they’ll blot out the sun.
Should we sell tomorrow?
Probably not — but you can’t tell until you see how we trade. If we trade up and then fade into the bell, maybe. If we reverse the gains into losses, most definitely. But if we hold the gains and even build upon them, you should probably buy more.
At any rate, Dow futures are up more than 400, Nasdaq +124.
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