Controlled Demolition, Man

As easy as it is to overanalyze this market, what with all the headlines, macro news, theories, etc., objectively when we get down to brass tacks we are dealing with a bearish trend which is dripping lower seemingly on a daily basis in a rather controlled, "demolition" type of manner. 

That type of action is often found in the middle stages of a full-blown bear, which means picking bottoms remains uniquely risky even if playing the short side feels like playing with fire, lest a headline hit or any number of items materialize to ignite a furious upside squeeze. 

My focus for now is on not forcing in trades just for the sake of it, as I currently am sitting on the heaviest cash position I have had in a while. NVDA and the semiconductor weakness remains a notable issue for bulls, as is ARKK's weakness at prior lows. 

Ultimately, though, we know we have a showdown with the CPI data Thursday morning followed by the big banks kicking off a fresh earnings season on Friday. 

It seems counterintuitive, since no speculator wants to travel to the casino only to glance around and decide to go home or stave off placing fresh bets. 

But in this sort of market that may very well be the correct move.