Mid Summer Night's Dream

7/21/2026 Graphic im[prt is still not working. Yes the major indexes rose today. Most do not have 60% in the up volume column The NDX was 50/50 for advance and decline but you won't hear that on cable tv/ I have accumulated APA, VENOM, and COP and written calls due August 21. The stike price for say COP is 120 while I bought at around 114, ditto the others. I was surprised at the high premuim on APA. The markets have completed five waves up by most any time period. But a top and sell-off in July is rare to I don't remember one. Weakenss is tyoically late Sept to Oct, recall 1929, 1987 were in October. The dot.com rally ended in March. The sub prime rally ended in Fall 2007. The WSJ says investors, never gamblers of course. are away from the Mag 7, indeed, and the SOX index obunced today after a 19% decline. Crude oil has jumped another 1.68 to 84.91. Trum[ promises more attacks on Iran so the price is liable to keep going. I notice all the energy stocks are up against a down trend line coming from the high of $120 oil and their highs at this time. We shall see if the shares break through that downtrend, I expect they will. Silver bounced to $59. I remain optimisic and bullish on oil. Fall remains a question for markets.