Monday’s Finish In Green Was One Wild Ride!

May 3, 2022

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In a gross, repulsive means, that was sort of a enjoyable day, wasn’t it? Completely . Regrettably, I feel it’s going to be par for the course this week.

We’re at a large inflection level, and there’s a pitched battle occurring. The bulls aren’t merely going to put down their weapons and stroll away. That is going to be blood sport.

NQ Chart

NQ Chart

I imply, positive, I really feel a bit cheated, as a result of we had some completely essential assist failures (, , , and many others.) however every part closed GREEN!

I feel Monday’s most vital ticker image was ‘WTF.’ As for my very own portfolio………

  • I took good earnings on IWM places earlier than the mega-rally
  • I nonetheless have three ETF positions in my private account (, , )
  • I nonetheless have 34 bearish positions however lightened up just a little
  • Presently at 8% money versus 0% money
  • My choices expire wherever from 46 days from now (only a few) all the way in which to 263 days from now, so, umm, I’m not precisely wringing my arms over the time aspect.

was getting super-frisky, however the final 70 minutes of the buying and selling day LAID WASTE to it!

VIX Chart

stays a money-losing piece of rubbish.

Gold Chart

Curiously, the rallied to PRECISELY their failure level. Stunning!

Russell 2000 Futures Chart

Russell 2000 Futures Chart

Take coronary heart, my long-suffering bearish brethren. Our time is at hand. Don’t despair on the day. This, too, shall move.

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