I was indeed puzzled on Sunday afternoon when the ES and NQ opened up nice and green. With the trade “deal” completely mucked up – – I’m talking Trump Steaks, Trump University, Trump Airlines level mucked up – – I assumed we’d just keep grinding lower. But, nope, everything bright green.
Liquidity moves markets!Follow the money. Find the profits!
I need to stop worrying about such trifles. Overnight action seems to be deliberately misleading these days. It’s quite evident the path we’re on. Suffice it to say that the colors have changed.
Even though the forces of unapologetic evil (that is, Kudlow, Mnuchin, and Powell) remain utterly in place, the forces of reason and logic still battle on. For myself, a single soldier in this battle, I am entering the week so short that I could jump off a nickel. One of my seventy short positions is Tesla which, as I mentioned this weekend, I believe is heading to $160.
As for Slope, we are initiating products that I think will surprise and delight you. At least surprise you. We’re on pace to add a new feature about once every business day, and please tune in to Slope to stay on top of the expanding smorgasbord of delights, and since I haven’t mentioned it yet, consider a premium membership to support our work and partake in the better offerings.
Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.