If You’re Not 100% Long You’re a Fool

Listen to me —

The NASDAQ surged by 200 but more than that — breadth progressed throughout the day from 30% to 50%, and even small caps rallied. Given the backdrop of HIGH BETA stocks down 13% YTD, it would BEHOOVE you to not give it the old college try here, aggressively long, into what could be the first real melt up of 2024.

I closed the session +99bps, in yet another slow but methodical session. My trades are down in number by 2/3rds because I have zero patience for errors in the month of January. I am +2.77% YTD and intend to keep these returns and build upon them throughout 2024, as it is my custom to do so.

My theme is to be long stocks out of the grasp of the canaille, the unwashed $HOOD trader using Reddit as their main source of information. I spit on these people and hope they lose all of their money and spend the rest of their lives as actual slaves.

GOOD DAY