I am planning to leave about 30 minutes before the close today. 

I want to leave everyone with one thought... 

The market's narrow advance (The Nifty Seven) coupled with the recent decline in a number of individual equities has created an unusually attractive reward vs. risk for a number of stocks that I plan to build up further in this correction phase. 

Thanks for reading my diary all week and today. 

Enjoy the weekend.

Be safe.

Professor Galloway's newest commentary, Red Friday. 

Adding to (FGEN) at $12.15 now.

I have covered my DNA short under $12 for a small profit.

And I'm no longer holding Verizon (VZ) or Comcast (CMCSA) as the correction is creating more attractive longs.

I have covered my (TROW) short at around $200/share.

I have sold my (GLD) common on the small rise today.

I am holding on to a small call position.

Here are the market breadth and heat maps as of 10:10 am.

I have covered my Fastenal (FAST) short for a loss.

I have added to my (AYRWF) long at $17.55.

I added to (VRNOF) and (GTBIF) on weakness.

On the whoosh lower, I covered my (HD) short for a loss, and reduced my (KKR) and (BX) shorts.

* Purchased (DIS) at $142.1.

* Covered my (SPY) short at $461.20. (Bought some SPY for a rental at $460.85 and sold out at a profit.)

* Added to (BA) ($196.70), (C) ($64.50), (JPM) ($161), (VIAC) ($32.68), (MSOS) ($27.85), (IVZ) ($23.40), (T) ($24.18) and (TLRY) ($10.37).

* Covered all of my (NVDA) under $320.
__________

Long DIS, BA, C, JPM, VIAC common and calls, MSOS, IVZ, T, TLRY.

Short BAC calls, C calls, VIAC puts, MSOS calls, IVZ calls, T puts.

* Why everyone is moving to Texas. 

* The end of Sears and Kmart? 

* Who is right about inflation?

I am long Disney (DIS) at $147.10.

Small.

I am getting interested in Disney (DIS) on the long side now. 

Stay tuned.

So you all know, I am a rather aggressive buyer of a number of stocks that have been pummeled in premarket trading.

It has been a breathtaking drop in VanEck Vectors Oil Services ETF (OIH) since mid October - from $230 to $181.

Crypto falling hard:

I am going to take a contrary view and suggest that the new COVID variant could result in even more severe supply chain bottlenecks and higher inflation relative to expectations.

Accordingly, the tapering and tightening cycle may, in fact, not be delayed.

I plan to materially add to my bank holdings.

Gs (gold) over Bs (Bitcoin) today!

I am out of my SPDR S&P 500 ETF (SPY) rental at about $461.80.

I have covered my Nvidia (NVDA) short for a very small profit (under $320).

I am adding to JPMorgan Chase  (JPM) , Citigroup (C) , AT&T (T) and Boeing BA.

I am certain that concerns about a Fed tightening due to the emergence of a new strain of COVID will now be pushed back to later in the second half of next year.
For example, Goldman Sachs (GS) , which just pushed forward its rate hike expectations, will reverse it shortly.

I added to my Citigroup  (C) and JPMorgan Chase (JPM) holdings in the premarket at $64.75 and $161.02, respectively.

I have covered my entire short SPDR S&P 500 ETF (SPY) position at $461.20 on the COIVD news out of South Africa. 
In its place, I have taken a short-term long rental in SPY at $460.85.