As is so often the case with thrilling Sunday night action, by the time we wake up to see what Monday holds, the movement is wholly or partly gone. For example, crude oil last night was on an absolute tear, moving up to about $120:
Tempered
Dreading the End
As a person who is constitutional incapable of actually enjoying a moment, I’m already dreading when this amazing, exciting, fantastic market is going to shift back to its old annoying ways. Trust me, this is the kind of market I LIVE for, and since I’m having an absolute ball with it, a voice in the back of my head is warning me that some dillweed is going to spoil the party somehow or another. It always happens.
Look, all I ask for at this point is that things keep falling to pieces until at least Monday’s open. The reason is that – -and this is TOTALLY uncharacteristic of me – – I bought a ton of $575 SPY puts that expire on Monday. Again, I never do this kind of thing, but as of this moment I’m looking at a 300% profit on them, and I’ll be pissed beyond measure if I wake up and find out that, I dunno, Trump has TACO’d out somehow and stopped the bleeding. As I stand here now, however, the market is falling to pieces, and crucial support has been broken.
Sunday Futures
Well, we’re off to quite the start just half an hour into the trading week. The small caps /RTY is down nearly 100 points, which is about 4%:
Commodity Survey
I just went through 81 futures and commodity charts and found five especially intriguing ones to share as we approach what’s bound to be an exciting trading week.
Sweet Sixteen Two
I have two large portfolios of nothing but short positions. Here are all the positions from one of the two, zoomed in on the most germane portion:
