JOLTS came in hot at 7.52M vs 7.15M expected and $SPY moved 0.04%. No-cut odds were already priced overnight, so the print had nothing left to hit. I lean 750-760 into tomorrow's ADP. https://t.co/kPJvt3n3Xx

About $2.2B left $QQQ today and price is below the 689 gamma flip, so dealers are chasing it lower. I lean 680-684 into tomorrow. Close back above 685 and this was a one-day rotation. https://t.co/gBESmYsKv9

Closed $TSLA calls for a +37.2% gain. 30d: 12W-0L | 100.0% | 12 in a row All-time: 68W-25L | 73.1%

Hold above 283.89 and $IWM forces CTAs to buy, which proves me wrong. Until then this is a bond rally after a -1.9% construction print, with big size going into Nov 20 268 puts. I lean 277-280 this week. https://t.co/cYpOIe4qWH

Weekend $SPY puts are about as pricey as they get. Implied is running 7.8 points over 20-day realized, while 10-day realized hasn't topped 13.4. Why pay up to hedge a move that already happened? https://t.co/Os53KhxreO

The bounce in $BTC to 77,848 is hugging the lower Bollinger at 77,065 on 0.4x volume. Bulls and bears both look unconvinced, so I shrink here and do not add. Lose 75,584 and the bounce trade is wrong.

This tape still trades like 2019 mid-cycle, where ordinary dips got bought. That says hold what you have. It does not say add size on a Sunday when the first real test is ISM at 11:00 ET Monday.

$SPY lost 1.62% and QQQ 3.19% today, but risk appetite in funding markets barely moved. That looks like an AI multiple reset to me. I lean long into next week while 750.36 holds.

Weekend is for reading the plumbing. Funding for the big borrowers looks fine. The weakest ones went from 3.9x to 4.1x stress vs the rest in a week, and that tail usually leads the next shock. Back toward 3x and I drop this. https://t.co/QB2vDKBPcN

$BTC 77,473 with leverage fully reset and funding barely positive. Hash rate has gone flat for 30 days while usage keeps running hot. I read that as miners digesting, and I lean long unless difficulty starts dropping.