After the close, MDB reported solid numbers, which is a net positive for SAAS stocks and might help offer us another leg up tomorrow. Although the rally was solid today, we are not out from the woods and I’d be remiss to not warn you that failure to bust loose from here now all but guarantees a death sentence for stocks, for the balance of 2021.
Should we gap lower tomorrow, it’s over.
But again, don’t expect fireworks in December. It just simply isn’t a month with large movements.
We’re up 0.3% on the IWM and there is very little reason for us to rally more than 3% for the entire month. Is anything spectacular? Is there a catalyst?
In the end, we all get what we deserve. I happen to deserve more, which is why I am smartly positioned without too much exposure. I closed 40% cash and 15% TZA against my longs, losing 0.4% for the session thanks to the zeroing out of my BITO calls.If you enjoy the content at iBankCoin, please follow us on Twitter