Saturday, April 4, 2026 
US Equities
As stated repeatedly, the bearish line on US equities continues. The powers that be are orchestrating quite a little short squeeze. This short squeeze could continue, but it will ultimately fail and we’ll go lower. I seriously doubt that the squeeze will last beyond Friday. I will not be concerned that any long term bottom has been put in until we see volatility expansion. Risk remains high and downside insurance remains cheap.
What am I bullish on? I am bullish on oil here and now.
[...] my previous post, I discussed being bullish on oil. Looking at the weekly chart, I’d use the recent low as a [...]
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