Thanks everyone for the well wishes, ended up being a hairline fracture in his pelvis.... which was probably about the best you could hope for because it didnt need surgery, he's a tough old bastard, he had a trip booked to mexico before this happened and still ended up getting on the plane today and going againsy everyones wishes . He's going to be 80 in August so I thought there was no way he was ever going to walk again after that. Anyways appreciate the kind words I'll be back on Monday.
Yeah its just a shitty way to start the year right off the bat when you want to position yourself properly, the plus side is that I sold everything I owned tech related except the QQQ' in the last couple weeks before that move effed the short up big time when I knew the top was in. IF we break 500 on the QQQ feel like next stop is the 200 day SMA for all the indexes This is what I am looking at clear trend line down now on the QQQ daily off the top now its just a matter of whether we hold the bottom here or retest the 200 day in red.
Good for him. Vacation! That hip should heal of just fine down there if he takes it easy. But he sounds like a person that is gonna do whatever he wants to do REGARDLESS!
For my Canadian friends, the thing that should worry you most right now is what is about to happen next year in the USD vs the CAD. Here is a multi Year chart, we are close to what we should consider all time highs if you are sitting on USD. How why is the USD gaining ground against our currency so quickly, when we are all essentially fucked when it comes to debt. There is a massive spread that exists right now between GIC's or the overnight rate on the USD and CAD. Fed has stated they wont cut interest rates much more right now while the Bank of Canada has said we want to move it down to 2% by fall.......... What does that do from a currency perspective. I just cashed out 700k U.S. in tech stocks and I have no other place to go but G.I.C's even looking at a chart like this i dont want to move back into canadian because the spread between the risk free rate is going to be almost 2 points in the fall. So why would you suddenly move from tech into canadian oil..... because you have no fucking choice..... Either stick with tech at the peak of the U.S.D. or even worse convert to canadian currency and eat the loss your about to take from the currency spread over the next year. The only trade we have as canadians is an explosive move in oil, if someone can find a different one let me know and ill look at it.