iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,436 Blog Posts

I Know it Looks Bad

That’s because it is bad. With TLT and FXY sprinting higher, “The Fly” is in no rush to allocate all of his money into stocks. It’s not that I won’t do it: I just won’t do it right now.

On the bright side, natural gas is going higher. Does that mean anything to you? Anyone? No?

Ah, the market is getting lit up. I suspect it will get a little worse, before it gets better. So, like they say in France, when things get dicey: “I am getting the fuck out of here and going for a walk.”

More on this later.

UPDATE: On my way out, like a rat nibbling on a piece of sweet corn, I bought 5,000 CIEN @ $13.33.

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26 comments

  1. jg

    fig

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  2. Kreizi

    To some it looks short-term-ec·stat·ic.

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  3. Mushroomz

    Natural gas is the bomb shelter! please get in

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  4. DMG

    Today’s lunch special: Sir Francis Bacon, Lettuce & Tomato

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  5. No One

    Nice NVDA pick.

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  6. Trading_Nymph

    Per Jamie at Live, that stupid Citi Tech’s that have been jamming up eur/usd is stopping right now, not hitting it’s target but close enough….eur/usd should dive imho….which will take market w/it?

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    • schneidehouse

      Nymph, I hope you are right – just sold 1.3 (mini EUR/USD) $1.28728. I’ve been getting killed on this trade lately … oh great, now it’s doing it’s 1:00 dance (the wrong way) …

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  7. C_Farley

    .

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  8. Ass Hat

    Fly…can you give a more direct insight into your views of FXY – and in general why the fuk the Yen continues to grind higher.

    feels like its made of helium.

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  9. myke

    Took the NVDA trade at 10.62. The stochastics and macd on the hour/30/15min finally cooled off to my liking. Now looking at WDC which seems to have a similar setup. Cash rich, debt light and a beat down chart of death.

    Signed up for the PPT this week. Learning and loving it. Using the fundamental breakdown tool the most. Makes parsing through hours of FinViz balance sheet gack soooo much faster. Hoping to move off piker status soon.

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  10. Rand

    Power plants in texas being built are getting fired by natural gas. Buddy of mine builds those plants, he says its cheaper than other methods.

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    • Kreizi

      Indeud. Gas turbines for such power plants have higher performance compared to other more traditional fuels which makes these plants rather efficient even at small sizes. This all is true. It also is irrelevant.

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  11. No One

    Bot little NVDA for a quick trade

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  12. Donzo

    Smart move Fly…Not the time to be a Hero…Definitely Not!

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