SHOULD HAVE SOLD THE OPEN; MARKETS CRASH THRU THE FLOORBOARDS

The same story repeats itself every day. Markets open somewhere at 9:30 and then quickly go lower. If it’s down, it goes lower. If it’s up, it goes lower. I looked at my positions, barely down, even up in the pre-market, in horror as they cascaded lower at the open. I finally surrendered, like a true southern gentleman, handed over my sword, and locked in losses of 2.5% for the session. I have since then purchased two oils, 1 uranium and some old man stocks in an effort to exacerbate my already dreadful start.

Those who bet on a crash have in fact been rewarded today. The rise in commodity prices is apparently places a severe strain onto the brains and wallets of people and as such we are manifesting lower.

Did I sell my SOXL position at the bottom?

Perhaps I did and perhaps I will regret selling it when I did — but I was wrong (again) and there isn’t much to say other than fuck off.

The issue with chasing already up commodity stocks here is the danger of them reversing and joining the rest of the party lower.

Presently there are several dozen oils pinned near highs, tempting traders to dive in. At 10:30am in the morning and my two commodity stocks already down 1%, I say to you Mr Commodity sector FUCK OFF.