I was traveling most of the day but managed +109bps in spite of making a few bad trades from the road. It was a big NASDAQ day, but it was narrow. The gains were focused in tech and some action on basic materials. Others areas were much more muted and that’s not necessarily a bad thing.
Reason being: tech was the weakest part of the tape, so it’s only natural for traders to rotate out of lower beta names back into risk. Irrespective the of what happens tomorrow, we have a clean breakout in all indices and should expect new highs soon.
Tomorrow I depart from Fredericksburg, the place where the south vanquished the low disciplined northern aggressors and will find myself in NYC by noon to see friends and family. Since I’m with the dogs, I’m not in a rush to get back and might stay a week, or perhaps longer.
In regards to setting up calls for those interested in learning more about retaining Senior Tropicana to oversee your meager funds, please understand that my time is valuable and do not harangue me with requests if you’re only rolling with $5k at Robinhood.
GOOD DAY.
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While in the City don’t forget to “curb your dogs”.
You aren’t in NC suburbia anymore.
It’s not the dogs we worry about in the city. It’s the illegal alien invaders. They need to be curbed…as well as curb stomped.