"You are not a God who delights in evil,
the lawless cannot remain in your presence.
The arrogant cannot bear the weight of your gaze;
you despise all who do evil.
You destroy all who tell lies—
the Lord detests the violent and the deceitful."
Psalm 5:5-7
"Daughters of Jerusalem, do not weep for me. Weep instead for yourselves and your children."
Luke 23:28
"Put on sackcloth and lament, you priests.
Wail, you ministers of the altar.
Come, pass the entire night in repentance,
you ministers of my God.
For the house of your God will be deprived
of even the offerings of grains and wine.
Announce a holy fast;
proclaim a solemn gathering.
Call the elders
and all the people of the land
To the house of the Lord, your God,
and cry out unceasing to Him there.
For the day of the Lord is near,
coming as a destruction from the Almighty.
What sorrow will visit you on that day.
Sound the trumpet in Zion
Raise the alarm on my holy mountain.
Let everyone tremble in fear
because the day of the Lord is upon us.
It is a day of darkness and gloom,
a day of thick clouds and deep blackness.
Suddenly, like dawn spreading across the mountains,
a vast and mighty army appears.
Nothing like it has been seen before
or may likely ever be seen again."
Joel 1:13-15, 2:1-2
"Behold, your house is now yours, but is made desolate.’”
Matthew 23:38
I'm still on vacation. But I thought today called for at least a weekly update.
Every day I update my charts, and continue to trade for my own account, lightly.
Was I positioned for this?
We had a correction today, as the Donald threatened to slap whopping tariffs on China.
This was in response to China's throttling of rare earth mineral exports to the US.
'Only we get to do that, ' said J. D.
The Dollar melted.
VIX soared.
Stocks dropped like stones, and went out near the lows.
But there is still an open gap, notably on the NDX.
This was just a correction today, and long overdue, the bubble having become overextended in the pursuit of a big, beautiful stock market, the best ever seen.
Walt and the ESF decided to just let it slide, the better to skin your with my dear.
Gold and silver held their levels in the selling, with gold putting together a late rally.
If we get a serious market reversal I have marked target levels on the charts.
We should, by historical standards, get a rally shortly. If it fails to make a new high, we could be slipping into a crash sequence which I will be following real time.
Have fun.
And a pleasant weekend.
