WORST CASE SCENARIO PLAYING OUT FOR BULLTARDS

Oil and gas shattered. The Microsoft induced rally has turned to ash, with the NASDAQ at session lows — but still +80. The IWM is off by 0.7% and a wide doomed net has been cast over the markets. I will say this to you: I hope it happens and it ends and the collapse cleanses away all of the excesses we see in front of us.

I am trading reactionary, presently hedged via TZA. My gains have been canceled out and I am now -0.10% for the session. However difficult the market is now, I’d like to point out many larger dividend yielding stocks like SBUX, MCD and KMB are pinned to 52 week highs. I think it’s important to be on guard, but also do not fall for obvious tricks and maintain an allocation into what is working, as opposed to what isn’t.

This sounds simple enough — but most of you fucking retards load up on CVNA instead of CHD and then wonder where your money went.

Into the close, I am leveraging up into risk averse names — maintaining a hedge — but I’m open to taking profits to see if stocks can redeem themselves.