@ClownWorld We are not judging someone by saying that they shouldn’t have said what they said. Judging someone is a more deeper personal thing to say that this pastor is in the wrong for saying what he just said he’s not judgment on the person
VIDEO: Charlie Kirk's Assassin Can Allegedly Be Seen On The Roof Of The Utah Valley University Running Away After Shooting Charlie In The Neck
PLUS, Speech Attendees Spot The Figure On The Roof Before The Event Even Begins
His Assassin Is Still At Large!
Like all of you, I am utterly stunned and heartbroken and sick to my soul today. It is unimaginable to write these words. I met Charlie Kirk when he was 18 years old, a young man so eager and determined that I immediately turned to a friend and said, “That kid is going to be the head of the RNC one day.” Charlie became even bigger and more important than that. It was a privilege to watch this principled man stand up for his beliefs and create the single most important conservative political organization in America. But more importantly, Charlie was a good man, a man who believed in right and wrong, who stood by his Biblical values. All of us will miss him, and I can’t imagine the pain of his beautiful young family, and we must all pray for them. And we must pick up the baton where Charlie left it, fighting for the things he believed in so passionately. And we must fight for a better America - an America where good people can speak truth and debate passionately without fear of a bullet. I weep for Charlie’s family, and I weep for my country today. Most of all, I weep for Charlie.
The market remains highly sensitive to headlines. This morning’s first-quarter GDP report showed a contraction of -0.3%, slightly below expectations of -0.2%, reinforcing concerns about a possible recession amid ongoing uncertainty surrounding trade policy and interest rates.
At the moment, the market remains selective, and it's too early to determine if the worst is over. Feedback from our own positions have been mixed—yet we are cautiously optimistic longer term.
The primary challenge remains a lack of quality setups, which means the prudent course is to stay patient and wait for a proliferation of opportunities before becoming aggressive. Among the trades we've entered recently, several are performing well, though we've also seen sharp reversals in a few cases. This kind of erratic price action calls for heightened awareness and a more defensive posture in terms of stops, position sizing, and overall exposure.
Volatility remains elevated and is likely to be high around headlines and key reports. As I discussed recently, we could still experience additional pullback reminiscent of the 1998 analogue. But ultimately, the behavior of individual stocks will provide the clearest signal of market health for breakout traders.
Some backing and filling could help stocks finish building "right sides" to constructive bases and also fuel more bearishness, which would help solidify a market bottom. Our sentiment readings are already quite bearish, which from a contrarian point of view is bullish, and suggest (not withstanding a major recession) another leg down would likely be the last. https://t.co/JXzFFTmMtn
Selling is the the tale of the tape and yesterday the selling increased as the Nasdaq closed lower -4.00% and the S&P 500 was down -2.70%. Volume was well above average while this market has still not been able to bounce for any longer than one single session with distribution dominating the action.
A proliferation of pivot failures and clear distribution in the indexes forced us to high levels of cash, and we also shorted the $SPY just 3 days off the all-time high. As the selling intensified, our long term SPY model started raising some cash as well.
This morning I covered half my $SPY short initiated on 2/24 at a 7R profit.
I think there's a chance that we melt down further from here, but our work suggest this is a cyclical correction within an on-going secular bull market. With that said, it is likely to take some time for stocks to build bases and reliable low risk setups to develop.
The market indexes are deeply oversold which could certainly produce a strong snap back rally as some of the biggest up days occur during bear market and large corrections. But keep in mind, a market that fails to rally from an oversold condition is a weak market prone to volatility. Risk is high, which means cash is king!
Cycle work points to the start of a rally in April. I will be waiting for stabilization and stock setups before moving back into the market aggressively on the long side.
This is where patience and "sit out power" are key, and it's what separates the pros from the amateurs.
https://t.co/JXzFFTmMtn