The Dollar-Store Masking Tape Holding This Market Up

Tim Colby

Tim Colby

Tim Colby

Hey Traders,

On Thursday, one newspaper story knocked $400 billion off the Nasdaq in about an hour.

I watched Oracle and Nvidia slide down my screen while my account kept climbing.

I’m not holding a single bet on stocks falling. So why was I making money in what felt like a crash?

Hans Albrecht and I dig into that on Friday’s State of the Market.

The story wasn’t even right, and what happened underneath it has me watching for something specific heading into next week.

Hans also explains why he thinks dollar-store masking tape is holding this market together.

Watch the full episode below.

Enjoy the journey,

Tim Colby

 

Tim Colby

Tim Colby

Tim Colby is a macro trader and strategist with 15 years of derivatives experience spanning the AMEX and CBOE trading floors through managing a discretionary macro portfolio. He built strategies that scaled past $200M in AUM, delivered 75% profitable months with no losing years, and earned a Pinnacle Award nomination for best three-year discretionary return.

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About the Author

Tim Colby

Tim Colby

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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