The zombie bull continues to lurch forward
with more new highs. My account benefits from the upward tide. Some
discomfort is caused by too much up movement against sold strangles.
Boeing continues to want attention. I sell some strangles on UBER
with a slight bullish tilt. I continue to sometimes buy options to
rebalance back to desired delta.
The long list of warning signs
remains (CAPE, GDP to market cap, inverted yield curve, hot IPO
market, people quitting good jobs to trade, people that have ignored
the market for decades now interested), so I continue to be cautious.
I won’t lean bearish until the technicals break down, or there are
signs of a melt up in the overall market.
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