I don’t get this type of action, NASDAQ lower by 2% while the piece of shit FILTH Russell higher by 3.5%. But it should be noted, I called it. But I am not here to boast, but instead inform you that due to my incredibly high IQ I was unable to trade today and closed the session +35bps.
I refuse to live in a world where $COST is lower and $JMIA the African Amazon up. We had some of the strangest action I could ever remember today, with incredible breadth of 81% yet ALL of the major companies were HAMMERED by 4% or more.
In other words, hedge funds hated today and it worries me that should we see the $SMH lower at the open tomorrow, we might crescendo lower.
Nevertheless, I took a gambit for the upside, long $FNGU, $LRCX, $COST and the like. I did reserve 32% cash for eventualities but sense I won’t need it. Odds are $NVDA and the boys will be right back at it tomorrow, creating generational wealth in short periods of time.
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