All good!

Tape is strong!

Nothing changed, the call to get longer and to not short ARKK names around mid March was spot on.

I would love to see a bit more consolidation and maybe a wash out day that scares everybody, but the dips get bought right away.

But one warning, China is not ready to be bought.

This is just too weak —>

Large cap growth compounders relentless:

Small Cap Value Momentum have been strong all the way:

Even ECRI has a nice uptick (watch it!).

Market Internals, they are even more bullish than I am:

Market Internals @MarketsInternal

$NDX 1D- SUP/RES Levels PA can consolidate from marked on chart. It is more likely we see a repeat of the October Rally but on a larger scale instead of pulling back & bouncing between levels due to the amount of sellers and VOL buyers that are now completely trapped.

Market Internals @MarketsInternal

NASDAQ 1D- SM & DM positioning relative to price action. As always SM ahead of the curve, loaded heavily on both VIX FUTs and 10YR TN all throughout NOV-DEC. Now dumping it during the last 3 weeks as DM capitulates bearish on all trades. SM completely risk on here. https://t.co/CtHFxz0LOS

As I have written this is only a short-term call, there are too many clouds on the horizon to get overly excited. It’s more like the call from mid-September to the beginning of November, but let’s see and play the tape that is now. My take is we see ATHs on the SPY and even on the QQQs. But this is a tape to be watched every week!

Step by Step!

I am long 140% (40% leverage) but still hedged with a 30% short on IWM, so net long of about 110%.

With the dollar effect (I live in Europe my account is in dollar) I am up about 8.5% YTD. Not stellar, but I am o.k. with it.

As always, this is not investment advice, do the work ;-).