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
23,471 Blog Posts

Today’s Intra-day Reversal is Weak

I know you’re all jumping into the pool headlong now. Just know, the water that you see, it’s an illusion.

Breadth stands at an abysmal 26%. According to the laws of mathematics, a reversal cannot happen today. It’s like pushing a fucking grand piano uphill with sponge bob arms.

All sectors, save gold and steel, are being ravaged today.

The market might rally tomorrow. But I’d bet both my nuts, this fucker isn’t rallying today.

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16 comments

  1. tradingnymph

    They have to try. This is going to be a Very Good Year for the Nymph. That Feb Rally came from Draghi/Kuroda hope. That along with G20 and China hope is gone.

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  2. og

    FCX doesn’t care if oil and copper are down.

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  3. juice

    If you are willing to part with both nutz, you must be done contributing to world overpopulation, i.e. breeding.

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  4. blahblahblah

    board the ark lolz

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  5. Dr. Fly

    Laugh now, drown later.

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  6. infinitezuul

    I sold my puts on the ark at a loss. The ark floats, and the ark may just umm float more or something pretty soon.

    Have puts on SPY and puts on GLD. Something has to effing work at some point this year.

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  7. dopefeller

    “But I’d bet both my nuts, this fucker isn’t rallying today.”

    Remembering CAP, if anyone knows what I am talking about.

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    • bushwacker2

      Cap had a very disgusting habit.

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      • grandmaster

        Yes, he offered to suck his own dick should a position move up against him. The Fly had a lot of fun with that one.

        Regarding breadth, it seems most of this 100 pt rally has been on sub 50% participation. When does it stop to matter? Or does it portend the black flag?

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  8. gapfiller

    HYG strength today seems to belie an imminent large move down in equities, as does the move back inside the rising wedge (at least for today). I think they’ll close this POS tomorrow around 1992 on the ES. The fun is next week.

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  9. bushwacker2

    You almost got your cubes clipped.

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  10. djmarcus

    Uh, S&P up 0.31, no? Is my feed wrong? Fly, you should periscope this.

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  11. anjing bau

    intraday evesal is weak…in the TLT?

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  12. anjing bau

    reversal

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  13. The Maven

    S&P .31 in the green, I’m just sayin’

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