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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (61199)	5/26/2022 10:29:30 AM
From: ajtj99	1 Recommendation Recommended By Lee Lichterman III Respond to of 97812

It could just be another one of those deals where everyone's interests aligned. Shorts wanted higher prices to re-load, longs wanted a move up to assuage their bullish convictions. Most of us were looking for something on the order of a 400-SPX point move off whatever lows we got, and this may be it. ARKK's short interest dropped to 7% from 14% in April, so shorts may want to get it up to $52.70 to re-load.

To: Lee Lichterman III who wrote (61199)	5/26/2022 2:31:24 PM
From: Lee Lichterman III	2 Recommendations Recommended By ajtj99 kimberley Read Replies (1) \| Respond to of 97812

Breadth looks great but volume is pitiful. I think everyone already headed to the Hamptons for the long weekend and they've turned the interns loose with instructions to just keep the SPX over 4000. I'm quitting. Price is spiking too fast, there's no depth. The moves aren't big but risk is high for a sudden move in either direction. Also noticing how crap is floating the most. The worst they are, the more they're up today with the exception of previously heavily sold stuff like BIDU, BABA, NVDA that had earnings yesterday. DG, DLTR up 20%? Same store sales for one of them were down. This isn't normal. God I pray the Fed doesn't blink. This market needs to learn a lesson for once and it's going to take real pain to do it. Reading around SI and everyone is buying and proclaiming the beginning of a new bull. Like I said though, for now breadth looks good. Even my cruddy bond funds are smoking. I think that scares me the most.