Classic once again. Yield curve inverts like fuck, now +16bps on 5yr v 2yr and the IWM is +0.8%, with a slew of momo stocks taking off. Oil is flat, but oil stocks are rallying too.
BIG TECH has the day off. Today is reserved for degenerate stocks only. I am +175bps for the session — heavily LEANING in at 131% leverage. I intend to unwind this and keep my UVXY for the late day surprise. The news is slow today and we know, almost for sure, that war is all but a foregone conclusion and Russian demands for rubles from Europe is evergreen.
There is a theme running today and if you’re not armed with TOOLZ, like those in Stocklabs, at 59% overall breadth — you are missing the forest thru the trees. Here is an idea.
As part of AI aspirations for SL, I’ve created micro-industries to be able to identify micro trends as the crop up. These help me immensely when trading, as I am able to ascertain intra-day shifts quickly.
More later.
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