At 9:33 AM ET today, Trump posted that it's a "great time to buy."
At 1:18 PM ET, the announcement came out that he is PAUSING tariffs for 90-days in select countries. China Tariffs went up! to 125% over “the lack of respect” he felt from China.
On track for its best day since October 2008.
This must be how it feels to be Pelosi and able to trade on insider knowledge legally.
What are the ingredients for a follow through day, signifying a potential low?
Look at the dates of others. 1987, Dot com crash, GFC, and COVID lockdowns all occupy Top 18 including today.
Sometimes it is better to be lucky than skilled. I sold my remaining VIX calls yesterday at almost the top. I felt I had squeezed majority of the juice.
I then rolled into bitcoin bearish positions with 2 min to close Tue. Sold those this am for almost break even as the trade wasn't doing anything.
Took a very small call position on SMCI and got lucky twice.
This bounce is no new bull market. But for traders, areas like semi mag 7, and past hit areas like NKE will bounce hard. So hard people will feel it is the new bull market. That is what they mean by the biggest rallies happen in bear markets.
I now am in hunt mode. I have my cash pile and walking to the top of ridge to wait for my next big shot
(Image Credit: Wind River with Jeremy Renner)
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