Stock market and technical analysis: the market ripped two days straight and Tim Knight, the self-branded perma bear, welcomes it. Higher prices are just more to short. He trimmed his SMH puts and sold his October position yesterday, let the market rally, then reloaded the January SMH puts fully and bought fresh Nvidia puts with the Nasdaq up 350 points. He is short semis, crude via XLE, Bitcoin via BITI, plus Costco, Meta, and Lennar puts. His words: constant as the northern star.
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Chapters
00:00 The optimistic perma bear welcomes the rally
00:40 Stabilizing the portfolio like a surgical ward
01:29 Crude oil bounce: short XLE and XOP
03:04 Crypto: short IBIT, long BITI, hold the levels
03:51 SMH: sold October puts, reloaded January in full
04:23 ...