The market closed and this puppy did exactly what I wanted it to do, so I'm pouring myself a piña colada because we earned it. Look at the chart. SPY is sitting inside a beautiful upward channel and the bumpers are up.   You know when you bowl with kids and they put the bumpers in so the ball can't end up in the gutter? It just rolls down the lane bouncing back and forth, smacks into a pin or two at the end? That's literally what price is doing right now. The bumpers keep this puppy from breaking down, the channel walks it up the lane, and the pins (your next leg of upside) are sitting at the end waiting to get knocked over. Anywho, the chart is talking to me and what it's saying is: chill out. This week was short and the chart did exactly what it

ASTS is my firstborn, you already know this. It is literally the GOAT. It's also up enormously, and if you were in it early like I was then it puts us in a weird spot right now. Because SpaceX is coming. And I have been telling you for weeks that when SpaceX finally hits the public market, it's going to act like a vampire. It’s going to suck the money out of the whole space sector for a week or two, and every name I love will take a hit, before they bounce back. So if you own ASTS into that, you feel like you have two choices. Sell now and lock in your gain, but then you're out, and you'll be sick watching it run again without you. Or white-knuckle it, hold through the vampire, and watch your gains bleed away for a couple of weeks. Both of those

Two of the most influential names in finance signed the same book in my collection. That signature at the top is Jamie Dimon. CEO of JPMorgan. The face of traditional Wall Street. That second signature belongs to Burton Malkiel. He wrote A Random Walk Down Wall Street. You probably know it. It's the book that convinced an entire generation to just buy the index and go home because you cannot beat the market. Full stop. Two of the biggest voices in finance, signing the same copy of A Treasury of Wall Street Wisdom. Both signatures are cool. Dimon's is honestly the best I've ever seen outside of my own. But here's the part nobody is going to believe.   Trading is an art, not a science. I trade two ways, and Malkiel's inscription describes both of them perfectly. For day trading, I read charts. Period. Crowd psychology, key levels, the