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The stock market is like a bomb waiting to go off that never does. Or a messiah that never comes. Take your pick. The /NQ, in that spirit, has done nothing but climb since midnight on Thursday. The only hope for the bears at this point is a string of earnings shocks. I wouldn’t hold your breath.
 

In fact, it isn’t just equities that have this ceaseless resilience. Gold, for example, fell quite hard on Friday, only to shrug its shoulders and realize it had a momentary lapse of reason, thus undoing most of the drop.
 

Among my individual shorts, it’s virtually an uninterrupted sea of green. AMD, below, is continuing to hover near lifetime highs, but it’s going to take some kind of exogenous push – – maybe an umpteenth announcement about OpenAI? – – to get it out of its recent stall in the ionosphere.
 

One of the few ETFs I can point to right now as a squeaky-clean short is the homebuilders, symbol XHB. This is a dainty but well-formed H&S top with a well-defined stop loss at 109.65:
 

At least we’re getting into the thick of the earnings season. This week and, much more so, are going to be packed to the gills with interesting reports.
 

Until then, like a faithful gardener, I shall keep tending to my plants one by one and plucking out any weeds that are causing trouble.

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