Image Source: Unsplash

Today was annoying beyond all belief.

In spite of all indications for a down day, we were green all day long and, far worse, the /RTY pushed above the Fib, stopping me out of my options. Welp, that lasted a few minutes, and then back below the Fib we went. I’m glad I have plenty of hair, because otherwise I’d be bald by now from pulling it out.

The dream seems simple: AGI is going to happen, and it’s going to fix EVERYTHING. We’ll see about that.

The dream is alive, though, pushing tech to lifetime highs, quantum (which hardly exists) to insane valuations, and pushing the SMH above its trendline.

Slope is thin on content since I’m thin on zeal. I was positively buoyant at the end of last week. Now? Not so much.

And what does it mean? Two things: (a) lots of infographics to fill up the space and time; (b) an absolute guarantee of a market collapse, now that I have no puts.

See you later.

More By This Author: