[US Stocks, December 21] The "Christmas rally" is a "bull trap"—this is my latest assessment based on observation. My own trading plan will initially be "net long," then gradually "net short," and will most likely enter 2026 with a "net short" position. The reason for this is that I believe "institutions" have been selling off tech growth stocks since Q4, causing the SPX to trend downwards due to its weighting. One whale falls, and not everything recovers; perhaps only defensive sectors will be okay.

In terms of market swings, my long positions mainly consist of defensive sectors like pharmaceuticals, materials, and consumer staples; my short positions primarily consider AI stocks, technology growth stocks (such as Tesla), gold (silver), etc. Long positions have already been established $nvo $mrk $mos $lyb etc.; Short positions have currently been established $dal and other positions will be established as opportunities arise.

By the way, gold officially climbed above 4400 today. Back in late October, I thought it would be difficult for gold to surpass the previous high of 4398, proving I was wrong. Why was I wrong? After some reflection, I realized it's because during periods of "frenzy," you might guess 99 degrees but end up with 101—it's just a small difference, not a huge one. The more rapidly gold (and silver) rises, the better the opportunity to short it.

Hahaha, I had AI analyze my positions. It immediately and accurately identified my trading pattern, the key point: delta neutral! My latest position delta is only -0.09! Hahaha.