Oil gapped down this morning and as soon as the market opened oil stocks shot higher.
NASDAQ futures were +150 PM and upon opening of trade all of my tech stocks went straight down.
Gold is barely up, but gold stocks are straight up.
The market is weakening but breadth is greater than 70% and all sectors are up.
They want to steal my shares or worse get me to sell short in order to re-gun stocks straight up.
Because I had UVIX this morning and I sold GUSH before it rallied, I opened with losses of 15bps, but EXTENDED said losses to 75bps via two small purchases and the downward spirals of my other holdings. I’m 76% cash, boring witness to a great fuckery this morning and I refuse to believe the market is going straight down with such good breadth, but I also believe the market is fooling me into a bullish disposition in a time of turmoil and great upheaval.
My best option is to fuck off for a while.
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