[US Stocks, January 27] No particular thoughts today. The market rose pre-market, likely due to the belief that the US might not shut down over the weekend. Regarding $nvo, I saw a shared information today: Bank of America analysts calculated that to reach 2026 sales expectations, oral weight-loss drugs would need approximately 2,000 prescriptions per week. The result was 4,000 prescriptions in the first week and 20,000 in the second week, 10 times the analysts' expectations. Meanwhile, prescriptions for injectable weight-loss drugs remained stable.

My current position is 25% long, 25% short, and 50% cash. Short($gm) was thankfully stopped out at the open, but it was still a significant loss; if I had waited a few minutes and held it until now, the loss would have been even greater. My short position ($cvna) has also been short; it's better not to fight against market manipulators. I've reduced my long position ($nvo) because I think a pullback is likely soon. In short, my current position is relatively light, neutral to slightly bearish.

The market has risen for three consecutive days, reaching new highs, but trading volume has contracted for three consecutive days. Large-cap tech stocks have driven up the index, but trading volume hasn't kept pace. This doesn't indicate a breakout to the upside, but rather continued consolidation and accumulation of momentum; either direction is possible.

Today, the US dollar fell to a four-year low. US stocks hit new highs, but trading volume contracted for the third consecutive day. It feels like the market is holding back something big.