#1: The PPT is now oversold on all metrics, including TNA and TQQQ. The recent stats point to an immediate bounce (tomorrow) and then possible resumption of the downtrend. This is how the signs has been met over the past 11 occasions.
#2: Remember when I warned you the other day about biotech stocks being filled with asshole momo traders? Well, by the looks of NDRM, JUNO, KITE and many others, they were fucking wiped off the map today. When I posted about biotechs we were at the upper end of the Hybrid score model. Now we are at the bottom part of the range, suggestive of a bounce coming soon.
If we are to accept these signals as valid, and they have served us well in the past, the trade will be to buy biotech tomorrow and then sell it on Tuesday or Wednesday of next week.
Bear in mind, we can still make money trading for the upside in a brutal bear market. Some of my best upside trades happened in 2008 and 2009.
If you enjoy the content at iBankCoin, please follow us on Twitter
.
Zombie, you’re tardy !
.
.
I think I see a tuba over in the corner that no one seems to be … well … currently blowing on …
… I think you know the procedure !
😆
.
I dunno… a waterfall tomorrow would make the SPY daily chart so pretty… also would help cement that crazy HFT top as a top for a while… fitting.
ECB has been saving their powder for next week. SNB confirms this. The ultimate bear trap looms loaded with lamb shanks and rotten fish, irresistible. This market is not dead yet
Wow and backwards
it’s still 10001
Pure genius
.
… a sort of palindrome !
.
IHF..never goes down
If you bought the 3% 30 year treasury bond at auction in November, you would be up over 13% now…About the same return as the IHF
Damn SPY getting dick slapped SH
Sir Fly.
If your PPT is correct on this instance. You will have earned yourself a full 1 year subscription from me. As a thank you for providing this reading gratis.
congrats on 10K. that’s a wealth knowledge that you’ve shared with us. this site is always a regular stop for me throughout the day. keep up the good work.
%22Bear%20in%20mind%22..pun%20intended%3F
.
… couldn’t agree more !!!
.
Thanks for the freebie, I may ride some NDRM and JUNO again.
Until they come up with a cure to prevent buying fortune cookie oil stocks, I cannot buy biotech.
I just buy fortune cookie oil stocks, fortune cookie silver stocks, and fortune cookie biotechs. That’s my diet.
But, but.. tomorrow is Fed day.
Will Daddy Warbucks show up again tomorrow?
I remember making a big deal about my 100th blog post. What a piker move. Congrats blogfather *kisses ring, hands evelope*
Thanks for your generosity. This could SAVE ME from “BEING THROWN out of house for being “one of those asshole momo traders” ….Wish I had your steel nerves & you write beautifully. Love your BLOG. Brings a smile ALWAYS.
.
Mega Million drawing tonight is $270M !
I will be participating !
—–
My chances of winning the BIG prize are about 1 in 175M !!!
Ironically, about the same odds (it seems) as knowing WTF will happen in this “Market” both daily & intra-day !
—–
Rock … Paper … Scissors !!!
.
.
… not that it matters but, the odds on Mega Million are 1 in 259M !
Powerbal odds are 1 in 175M !
—–
As you can see, Powerball is a piece of cake compared to Mega !
.
Alf
STFU bitch.
10-4
That was too easy. Where are your mammaries?
Congrats 10,000 moar.
The people who do the futures are not reading this blog. apparently.
Be kind whenever possible.
It is always possible.
~Dalai Lama
Who would actually fuck a clam?
Either a clamette or a bivalve mollusk would be my guess.
Bought Puts on $SWK, $WDC , $UAL , $LUV .
Consumers are strong. We are going higher — probably +25 on ES.
Nice call!