Out here in the fields
I fight for my meals
I get my back into my living
I don’t need to fight
To prove I’m right
No I don’t need to be forgiven
No no no no no no no Don’t cry
Don’t raise your eye
It’s only teenage wasteland
– The Who, Baba O’Riley Teenage Wasteland by The Who
I added to PepsiCo $PEP at $149.47 and $PG at $142.22 longs this afternoon.
Position: Long PEP (S), PG (S)
Position: None
* Mama mia, mama mia!
* Carry on, carry on as if nothing really matters…
Is this the real life? Is this just fantasy?
Caught in a landslide, no escape from reality
Open your eyes, look up to the skies and see
I’m just a poor boy, I need no sympathy
Because I’m easy come, easy go
Little high, little low
Any way the wind blows doesn’t really matter to me, to me
– Queen, Bohemian Rhapsody
Inflation rising and interest rates higher, breadth with a foul odor, equal-weighted S&P underperforming the S&P Index, etc etc:
Sometimes I wish I never shorted at all…
Note: I will be traveling tomorrow! You will be in the capable hands of Chris Versace.
See you back on Friday morning!!!
Position: None
I moved up to small sized short the indices:
* $SPY $743.72
* $QQQ $716.37
Position: Short SPY (S), QQQ (S)
At 1:54 PM:
Breadth
S&P 500 Sector ETFs
Nasdaq 100 Heat Map
S&P Index ($SPY) +0.61%.
Equal Weighted S&P Index ($RSP) -0.45%.
While the market’s breadth is stinking up the joint:
Position: Short SPY (VS)
I call more B.S.:
Position: None
