BTW there is still negative divergence on SPY only now!

Used AI “MidJourney to generate the following image. Here is the Prompt: Image of investors following Randy Phiney of right side of the chart who tends to short being destroyed by a relentless Bull market endlessly driving higher

1980 seems to be the resistance for gold. If it finds some footing above there, then perhaps we can assume a resumption of the uptrend?

Regarding artificial intelligence, yes, I agree that we’re probably in a bubble. It reminds me of sequencing the human genome.

Everyone was going crazy about all the new treatments and breakthroughs that would come. Sure, in the last 25 years there has been plenty, but not when people expected them.

in 1999 AFFYMETRIX was exploding (along with dot coms). The genome was about 90% mapped and hysteria about the magical cures at a peak. In the next year and a half the stock dropped 90%

S&P going nowhere ???.
Continues to make higher lows and higher highs since October.
Up 10% this year and up 17.5% since it’s October low.

The worst part is that you can’t short semi’s (-1X).
There is no etf that I know of that does that.
You have to use SSG which is -2X. That is down 64.9% thru May 26…or
you can use SOXS which is -3X. That is down 70.98% thru May 26.
Choose your poison.

YTD performance!

IWM 1.4%
QQQ 33.3%
SPY 12.5%
SOXX 46.3%

Why are we shorting QQQ or Semis and not IWM since January?
Can anyone answer this PLEASE?

I wish you luck. You are brave. Nothing seems to be able to take this market down. It may dip a little for a day or 2, but then the buyers always come back with a vengeance.