What a week we had. Just a few days ago it looked like we had a double bottom , and just this morning it looked like we were going to shoot up another 200 points due to the CPI data.
Then [[BSC]] comes out with the news. Which is fine, because I made a truckload on some puts (it was amazing to watch the stock fall lower and lower).
Note: The Fly & Gunners have been dead right on the brokers.
In short, it’s hard to be a bull. The brokers report next week, and it looks like we may close below 12,000. I sold all my longs this morning, and see no reason to buy stocks.
Cash is king!
See you this weekend….
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