NazQuack prints a new all-time high while Uncle Dow sits some 3,000 points under his.
Ahoy there, Trader! ⚓️
It’s Phil…
The bull keeps defying gravity!!!
And my opinion is clearly bull shit, no pun intended lol.
Right then, scroll down and let’s get into the charts.
Market Snapshot
SPX closed Monday at 7,773.96, up 51 points, and the futures are green this morning.
- ES: 7,843.00, +0.17%. At the NATHs line.
- NazQuack: 31,385.50. NazQuack has printed a new all-time high. Uncle Dow, some 3,000 points beneath his own, has declined to comment.
- Uncle Dow: 51,797, +0.39%.
- Uncle Russ: 2,871.7, +0.11%. Cash RUT closed Monday at 2,847, up 0.5%.
- VIX: 15.45, -0.52%. Under the 16 line.
- Gold: 4,173.1, +0.13%.
- Crude Oil: 88.55, -0.84%. More below.
- Bitcoin: 85,806.95. More below.
SPX – The bull continues.
The breakout is confirmed.
Be the bull!
Crude Oil – No change.
The bull range continues, waiting for a bear break or more upside in the short term.
Bitcoin – Waiting for a breakout.
Bitcoin has now spent 2 weeks inside the same box. An arrow has been drawn on the chart to show it the way out.
No change.
Premium Poppers & Wall of Wins – I took the day off.
The grade maths docked the day a point for being a Monday. Monday responded by closing 51 points higher.
The community had a premium popping ball again.
Me, premarket: “premarket looks fun again”
Between 3:24 and 4:17, 3 people independently turned the same trade into a butterfly. Nobody has claimed responsibility.
- Don E.: “Closed SPX BO1 for 50%”
- Don E.: “Separately, created butterfly, sold SPX BO1 and bought debit spread, locked in $.60”
- Richard H.: “SPX Bull BO1 SS7740 transformed to butterfly for $0.55 win”
- Scott K.: “Took the SPX BO1. But as I had to head out I transformed to butterfly for the same price.”
- Don E.: “Closed SPX LP for 45%”
Me, this morning: “Awesome work team”
A bear has been reported missing. It was last seen on Friday, heading south. The public are advised not to approach the rally.
- James D.: “Win on XSP but a loss on the bear RUT, where is the bear?!!”
Meme of the Day:
Bull: Ten of eleven sectors higher. Ten.
Bear: Twelve hundred and eighty-two names rose.
Bull: That is a great many names.
Bear: It is fewer names than fell.
Bull: Materials led the entire table.
Bear: A freight broker lost more in one session than the index gained all day.
Bull: You always zoom in on one.
Bear: You zoomed out to eleven.
Happy trading,
Phil
Less Brain, More Gain
…and may your trades be smoother than a cashmere codpiece
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