Brent Crude prices continue to drift up. Bond speculators are now predicted the ECB will have to raise interest rates in Europe.
If you are watching the Strait of Hormuz there is a considerable amount of ships “at anchor” and not a lot passing through it.
The fact is everything looks scary. No matter where you look there is a member of the media with wide eyes and freaked out hair showing you a chart and frantically point it at it.
Reality is never as dire as what is needed to sell ads on blogs. But, fantasy is what drives markets. I doubt anyone is going to rush in to the market going into a very uncertain weekend.
Remember, people don’t have to be actively selling for the market to go down. There just has to be a drop in bid pressure.
Still just rolling ($IWM) PUTs on any strength. And still long oil. It isn’t sexy but it is printing.
uniQure ($QURE) hit the channel briefly two days ago. So I started buying it again yesterday. This has become a social media hot potato and is beginning to feel a little cultish.
A new stock tripped ACC recently. It’s Brazil Buttlift for Glutes - wait. Sorry, Bone Biologics (NASDAQ:$BBLG). I haven’t looked into what it does yet. I bought a starter today in this as well.
As always, if you think there are spelling errors update your dictionary to the latest version. Happy speculation!
— AJ
Event Horizon Tools
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