Quite frankly I don’t really enjoy taking vacations very much. I used to love to travel back when I was a young buck, but since 9/11 the security rituals involved have become such a pain in the rectum that it’s hardly worth the trouble. Plus after Russia and China opened up most places are now completely overrun and you’re effectively competing with hordes of elbow pushing camera stick donning budget tourists eager to update their Facepuke profiles with carefully choreographed snapshots of their mediocre existence.
We haven’t been seeing much weakness across equity futures during the Sunday night session and there’s a pretty decent chance that the bulls are preparing to attempt a crossing of the Rubicon.
I hope you all enjoyed your extended Presidents Day weekend. By my count this was the last holiday for now until after the summer – one hopes! Although the weather was pretty nice over here in Spain I actually wound up slaving away on some internal projects through most of it. As the saying goes – no rest for the wicked. I’m a bit exhausted and in dire need of some gym time, which is why I didn’t at all mind seeing calm seas overnight with no drama on the equities side.
My demo campaign actually stopped out on Friday evening due to an EOW routine I still had left in the code. I now made that a flag as I want to be able to choose whether or not [...]
What goes [straight] up must eventually go down. However when exactly a symbol which has turned exponential runs out of fuel is the more important question. Once emotions reign high all bets are off – or in this case all bids are on. You may recall that I was pointing at gold the other day and suggesting that we may see another wild push to the upside.
Which is exactly what we got and I’m pretty glad I got out of my short position at break/even. We are now seeing an obligatory pullback but medium term this thing may have legs.
Just FYI – the P&F claims that we met the bullish price objective. However I wouldn’t really think [...]