Time To Be Cautious

A short and sweet post about my positions

I said I would update midweek and here we go….

If you looked at everything up till the close yesterday you have to look at a few things and realize it’s time to trim/cut longs and position for a pullback here….

• Wednesday rally was on big decelerating volume

• The short squeeze stocks such as CAR 0.00%↑ finally stopped squeezing

• Only a small group of stocks rallied yesterday amongst, while oil/dollar both rallied

• Bitcoin not breaking over and 80k which was my line of bull bear is holding and I am back in short for Bitcoin as long as 80k holds

• We had a random war headline hit the tape after hours that gave a small taste of reactions to new headlines and markets tanked fast. I think this wasn’t a fake news random headline I think it was floated on social media to see reaction just like last year before the Trump tariff pause that Monday before the real post a fake headline was floated to see market reaction

I am out of 75% of longs right now and about to be long oil again only…. SOC 0.00%↑ OXY 0.00%↑ CVX 0.00%↑ XOM 0.00%↑ and EOG 0.00%↑ are some I like going forward maybe OXY the most since its a Buffet name but all are good companies.

If the SPX closes back under 6980 I think caution really has to be warranted that this rally to ATH’s was a big fake breakout to suck in all longs while retail goes extremely long as money market account activity has shown big draw downs to savings and big inflows into stocks….. let’s see what happens Friday into Monday and go from there….