Hello denizens of Evil Speculator! Just as Mole is off to visit his indigenous peoples of Austria, I’m back from a week of honoring my Fucks Given Reduction (FGR) process in the California desert at Lightning In A Bottle (LIB). Fresh and ready to go deep into some stuff you can actually use to trade with. As a bonus to my Cali trip, I got to spend a time in Venice with a man who goes by the moniker The Trip Advisor, who is behind-the-scene responsible for the biggest hit Post Malone has.
The whipsaw lower continues but I’m seeing a promising looking entry opportunity on the equities front this morning. So let’s dispense with the formalities and personal musings and jump right in. As you may have guessed we are looking at a long entry here, which of course is contrarian to the medium term trend and thus carries a good amount of risk. Please remember that if you consider participating here and adjust your position sizing accordingly, i.e. keep it < 0.5% of your total assets.
Well let me come right out with it – it’s most definitely not in equities. I’m not saying that there won’t be solid setup opportunities throughout the remainder of this year but while we are breaking our collective heads over the spasmodic gyrations emanating out of the equities market as of late the real fun is unfolding somewhere else. More about that further below – it’s not a post you’d want to miss.
It’s Monday morning and I am trying to think of any insights I may be able to offer beyond what I already delivered in much detail over the course of the past week. To be honest there isn’t much but I managed to scrape together a few highlights you will find interesting. What goes without saying is that we are all tired of being knocked all over the place. Plus the incessant opening gaps make holding equities overnight, let alone over a weekend, tantamount to playing Russian Roulette.