Today was wild. Sorry for the lack of posts, I have a couple good things to put up later tonight.

Regarding market action, we had another strong showing from Financials and Retailers, despite higher initial jobless claims (375K vs 319K consensus).

I want to inform you readers I capitulated on my [[aro]] short at 27.05, so feel free to short all retailers. Just kidding, I don’t play that Krull game.

I recant that last one. I covered because I was wrong, to capitulate implies feelings I just don’t have. Stone cold. Check the bullshit:

The red arrows indicate where I shorted, the green where I covered. It’s hard to deny the bullishness of this pos, unless it triple tops at 28. When I shorted, I was fading the retailer squeeze on a still technically weak stock. Now, the stock is above the 50-day which is above the 200-day, MACD is bullish, and the RSI is bullish.

I’ll keep it on the radar as a short if it breaks 28. Retail looks way extended, but I’ll wait for confirmation from the others.

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