iBankCoin

We Need a Few Wins

Today was nice and everyone made a bit of money. But let’s not get ahead of ourselves. Small capped stocks have been the bane of the market for more than a year. With TLT north of $130, the evil, dark, forces are emboldened to speak through devils, like Rickard Santelli.

I have no reason to celebrate today, just like I had no reason to worry about the past few.

What this market needs is some significant momentum to get the juices going again. How much momo? We need 1,000 points, straight up, led by technology and high beta gambling stocks.

Europe is in the grips of crippling deflation. They need to act now and start to QE Bernanke style, otherwise this rally is toast.

Top picks: homebuilders, biotechs

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22 comments

  1. kdog

    No Zombie?

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  2. speerothekid

    small capped. i loled.

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  3. Trent J

    Zombie will be here… Until then.. FIG

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  4. alf44

    .

    The front page cartoon has now instantly placed “The Fly” on some radical Islam hit list !

    .

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  5. bart smith

    Hey Fly HABT up 8.71%. Nice win today. Looks like 40 is in the cards.

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  6. bruce keller

    We’ll be good until about $SPY 205.2. Then it’s either crash or launch time… maybe it could meander a bit, but not long.

    http://i.imgur.com/Iy8z7r8.png

    This trend line also happens to coincide with the HFT bounce to all time highs and also the curent “island top” of gaps up, thankfully, technically, the least reliable of top indicators.

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  7. tradercaddy

    And in other news Rick Ross is a Miami Heat fan (on his face) and is gifted (his hat says so).
    http://www.nydailynews.com/entertainment/gossip/rick-ross-miami-heat-logo-tattooed-face-article-1.2069142

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  8. fluxcapacitor

    Why the change of heart on biotech?

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  9. mongoosereflexes
    mongoosereflexes

    Hi Fly, I’m thinking about taking a position in $XLF, $AMZN, or $PNQI, what do you think? One better for 2015?

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  10. nautique99

    Monsieur Le Fly, thumbs up for the front page pic.
    #Je suis Charlie

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  11. danny1980

    Holy shit boss futures are ripping tits!! Dow up 150

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