Tomorrow I depart for mountain vacation for 10 days. I will attempt to trade while cavorting, although I very much doubt Mrs. Fly will appreciate it. We all know who’s in charge and she will do what’s she’s told.
This morning I cleared out the old brokerage account and went to 100% cash. Here were the fish.
TRVN +11.3%
TXMD +7.2%
DFFN +5.7%
SNGX +2.7%
FBIO – wash
EIGR +1.3%
Since then, I’ve had an itch to “play just 1 more” stock and bought a penny piece of shit biotech — because the Dow is +300 and everything is awesome. I do see the Nasdaq reversing lower and now down. There is massive froth in biotech and we are being rotation heading into oils and gold and silver. After all, silver is +6% today and of course oil +3%. Cryptos are heading higher too and if I’m having a moment of honesty here, there isn’t another asset class in the world that I’m more bullish on than Ethereum or Bitcoin.
I will be trading light today and making arrangements for my departure.
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