Putting on The Ritz

There is no reasoning behind my blog headline. I am putting on no such thing, the Ritz. This market is dying but we can’t tell because everyone is on vacay. When the shoe drops it will be a swift and decisive boot to the neck. Fear will thicken the air. Unless you’ve enjoyed a balmy August day in the Murder Mitten you’ve never truly felt thick air. It makes breathing hard and your clothes stick and smell.

I don’t like the rhythm of this tape. What I mean is I feel in tune with it, but it can’t make me dance. Instead am I posted up against the wall clutching a heater, ready to pop off and ruin everyone’s good time.

NUGT is up. People typically short the initial bounce too soon, but I can’t say with any certainty how this one will play out. I should probably default my decision over to @autumnalcity87. Perhaps I will. TWTR is up nearly a 10 bag. It will pull in again. Don’t worry. Copper is working and today I initiated new positions in QID and BIS.

To sound fancy, let’s call my current approach macro global. To be truthful I am shorting into the hole like a lunatic with a death wish. Someone has to do it.

PS – If you want a fighting chance at trading options, you best get inside this week’s clinic courtesy of the addict himself.