Nothing shocking, no drastic moves for me today. I am going to bid on some QQQ call options into the close, starting a tiny toehold position in them today. Looking at QQQ call options that will expire in August or so with strike prices around $105 or $106. Again, just a tiny toe hold tranche, starter position in this one today.

Recall that here’s what I’d written about Brexit 3 weeks ago and it’s still the playbook, obviously:

“Then again, it’s been a while since the US stock markets got hit hard over a European crisis du jour. Which brings us to ‘Brexit’ and the idea that Great Britain might exit the European Union. Here’s a good run through of the latest headlines and some background about ‘BREXIT’: GAUGING THE IMPACT.

I’m not in the business of trying to game the next 5-10% move in the stock market, but I wouldn’t be surprised if we did see the DJIA sell off towards 17,000 into the Brexit vote and the next Fed rate hike, both of which will most likely be non-events after all.

And then perhaps, if earnings in the next two or three quarters are as strong as I expect they might be for the companies I invest in, we might see some higher prices from there.

I plan on sticking with my playbook, which means investing in companies with strong balance sheets that are Revolutionizing the world and doing so early and/or when their stocks are at compelling valuations. Being disciplined with an eye toward maximizing my returns and minimizing my losses over the next, oh 10,000 days.”

This is exactly why we develop our playbook ahead of time. Steady as she goes, really, at least here for me.

Here are a few other notes.

I asked people on Scutify and on Trading With Cody this earlier this morning:

“How are all of you guys feeling/doing? Anybody freaking out, panicking or even just really worried?”

The good news is that the good folks in the Trading With Cody Chat Room are also simply keeping cool and following our play book.

Greenspan on CNBC talks about the growth of “entitlements” but he avoids mentioning the incredible growth and total amount of welfare/entitlements/subsidies he gave banks and global corporations and how those dwarf any kind of “entitlements for the poor”.  Anyway, The more Greenspan worries, the more bullish I’d want to be. I won’t base my analysis (wholly) on the idea that Greenie will continue to always be WRONG about market direction and the economy, but I certainly prefer to be on the other side of any Federal Reserve Chairman, former or current!

And finally, this from my brother:

From my brother. See pic. Haha. @deerpuncher13@RobertMarcin @LunaticTrader @JeffMiller