MARKET RISES; STOCKS GET KILLED

You’re believing in a farce. The Dow was up 145, Nasdaq +10 but stocks got fucking hammered into dust. Observe.

Those indices inside Stocklabs are not weighted and they’re broken down by market cap. As you can see, only stocks with market caps of $100b+ did well today. On the whole, the Sl4000 index was down 0.6%. Even worse was the intra-day trap behavior, investors being lured into luxury cars only to be trapped and burned alive.

Observe.

Look at that shit, the % off session highs. You bought into a rally and you sold soon after -5%. This transpired all day long and it will continue to transpire until the last bull is shot dead in the head. We are trending lower in technical score since February, meaning the strength of the market as a whole, regardless of what the Dow is doing, is poor. One might suggest this is a bear market. One is not ready to suggest it so far and I am not the one to declare doom ahead of National Festival Day — but Halloween looms and soon scary pumpkins will be outside American homes and teenagers tossing eggs at one another — shaving creaming their faces until nothing is left. This is not a market to take it easy in and I find myself stressed the fuck out, especially when bearing witness to trades going poorly and set ups failing. The methods that worked before aren’t anymore — big moves in Chamath styled idiot SPACs have been supplanted by Zach Morris styled idiot runs in CEI and others. The game is the same, but the funnel is narrower and more obtuse — led by fucked faces in thinly traded stocks, pump and dump runs and there’s nothing wrong with it. I am just not catching them.