It’s TOP heavy now. IMHO
Earnings being published by companies trading at many times their actual values and paint spilled all over the place, a little market relief rally today then… timber!
I’m activating defensive positions everywhere. Crushed the telecoms today (VZ/t I HATE them both).
Feeling like PSQ/NVD are ready to start building for the painful rest of the week in the markets.
Folks keep in mind, every day people blindly contribute to these inflated markets in pensions, 401K, traditional etc.
How many times have you heard, “oh I just let my broker handle it” or
“I dont have time to manage my savings”
Fools are always parting with money and companies are getting funded for what?
I dont feel guilty, I’m an OLD trader. I am the one who takes the fools money and personally wrecks some of the companies that don’t have any integrity. Yea, the telecoms are my bitches. I work them hard! Flip, flip, flip
GL all!
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