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Initially, though I do know a few of you’ll protest, I’ve determined (as soon as once more) to eradicate myself from the Prime Ten Digital Merchants record, as a result of my fairness quantity (over $65 billion) has turn into simply plain silly.
I assumed for some time perhaps I can get it to $100 billion or, who is aware of $1 trillion, simply to be goofy, however, let’s face it, this isn’t serving to anybody, and I’d somewhat deal with my REAL ACTUAL account. So, congratulations to Secundus, who’s now in First Place!!
OK, let’s discuss concerning the markets, and we’ll begin with the (the ES):
S&P 500 Futures Chart
So if the buying and selling gods are studying this publish, I’d be awfully grateful if you happen to’d simply begin the weak spot once more, please, sir. I’m delighted at how Monday, labored out—in spite of everything, I had nothing however Put choices in a single portfolio, and regardless of a 70+ rise on the ES, I ended the day flat (!!!!!!!!!!!!!!!!!!!!). At this level, I’m OUT of my bullish positions and am aggressively bearish once more. And I do imply aggressively. I’ve no shopping for energy left. None.
My greatest bullish positions was the , by the use of December Calls, which I scurried out of minutes after the opening bell. factor, too, for the reason that small caps have been downright flimsy yesterday.
RTY Chart
As for , I believe this chart is just terrific. I’m truly means LESS positioned for power than earlier than, however I wish to be very clear— I believe power shares are completely doomed. As doomed as doomed may be. For realz.
Crude Oil Chart
Oddly, I’m discovering nice solace that the snapback rally is near completed for the ‘gheyest’ of causes, which is the world of crypto. I’m watching this resistance degree on the coin carefully. I consider it’s a psychologically-important marketplace for the animal spirits.
ETH Chart
For you and customers, I encourage you to take a recent have a look at my Bear Pen and x-Merrill watch lists, as they include an up-to-date assortment of bearish concepts and dwell positions in addition to, in fact, my mark-ups on every chart.
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