It would be extremely gay to see markets trade down again tomorrow after we busted loose Thursday, collapsed on Friday and once again busted loose today. It would be extremely cruel and also unusual. I do not believe markets will collapse tomorrow. Ergo, I am long. Cash sits at a cowardly 58%, which may or may not be depleted by end of session.
I am also not sure if I want to hedge, even though I am soooooo sure that stocks cannot, for any reason whatsoever, trade lower tomorrow. Why would it do that?
During this session, we have slowly traded sideways with breadth deteriorating from 94% to 74%, a classic trick by them to steal your shares.
You’ll be over there thinking you’re all smart and shit, genius, saying to yourself “this is it. The collapse is here. I am going all in SQQQ” and the BAM your cock is cleaved off by some feminine looking banker.
It’s possible we fade from here until the close. But I place the chances of trading down tomorrow at a firm 0.00%. If it does trade down tomorrow, why, I will will SHOCKED — SHOCKED I tell ya.
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