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I want to show you something exceptionally cool.
Please observe the /ES action last night. Kindly take note of the breakout I’ve marked in red. This is the bullish breakout. This is where equity bulls – – a group, remember, a couple of notches beneath child pornographers – – figures they are going to run off with the market is a glorious Powell-worshipping blaze of glory. Those guys. Further, note how the breakout failed.
Yep. I knew it. When I closed my Tupperware (TUP) puts five days ago for a triple-digit percentage profit, I had a feeling that, as usual, it was too soon. It just…….keeps………falling…………
I’ll say this as plainly as I can: there is hardly a single close of a trade in the year 2022 that was a good idea. Almost without exception, doing NOTHING was the right choice. Because……..this is a BEAR MARKET, and you want to know what stocks doing in bear markets? They……….
JUST. KEEP. FALLING.
Mornin’ everyone! I just got up (6:45 a.m.) which is about two hours later than normal, so I’m not exactly at my best! I’m going to throw you this comment cleaner and jump into my workday with both feet.
