Friday was great, and people are already asking me to take airplane flights on a more regular basis, since that seems to be the ONLY time this stupid market is allowed to fall.

The Dow got hammered Thursday and Friday, and it has thousands of points left until it matches this year’s lows. I won’t even mention it’s 30,000 points higher than it should be, since we have to take this a step at a time.

Although Brazil kind of broke my heart (plus soccer babe), this isn’t a hopeless situation. This H&S top could still work out, even though the pattern is slightly pierced.

I’m stunned that China is as high as it is, particularly since it looks like they’ve cooked up some more Covid for Trump II. I strongly, strongly suspect this index is going to puke next week.

As big a fan as I am of precious metals, I think gold is short-term overbought, and I shorted some GLD late on Friday.

GLD

The tech stocks took a much-deserved beating, and the NVDA report Wednesday afternoon is going to have a giant effect. That report might give the cubes their 392th new lease on life, or it might bring out a delicious wipeout on Thursday. I eagerly anticipate Wednesday afternoon!

As for the S&P, the spyders blasted to a lifetime high on Tuesday, another lifetime high on Wednesday (because our nation’s prospects are so awesome and, like, totally undervalued), softened up a little on Thursday, and then pooped its Pampers on Friday. I’m not going to be happy until the entirety of the index gains from 2009 are destroyed.

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