I wrote in yesterday’s post much about my short-term strategy and summarized my positions. In the early innings of trading today, it looked like I might have been too bearish and the rally would continue. In particular, $HOOD was nearing the $102 mark, which would have resulted in my shares getting called away. But, as you can see, the wider market took a downturn into and after the close. It’s not much, but in this game, it matters.

In my Roth, I liquidated $SGOV in the dead of night when I saw $BTC crossing $118,000 to buy $HOOD for a quick swing. I figured it would pick up in premarket or at open. The thesis was true, but I only managed to churn around $0.37 a share. It was a clean ~$215 or so, but could have cleared $1500 had I held a bit longer. Oh, well. At least it fell later in the day, which bodes well for buying opportunities later.

On the day, total returns were middling. We’re back and cozy in $SGOV until I can get more clarity about the macro environment. On the week, however, I’m up ~$4600. Cant be mad about that.

Current Positions (Daily Return Shown):

It’s this sort of news that really pumps the breaks for me. Most everything in an economy can be faltering—housing, ISM, corporate profits, etc. But the end of that framework is employment. There’s no coming back when the automatic 401K deposits begin to slow. It feels like we’re on the cusp of something here and I wonder just how long the ruse can be kept quiet. ADP private payrolls differed greatly from BLS nonfarm data last month, which showed employment strength. It’ll be interesting to see what the revisions look like.