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
23,434 Blog Posts

Stocks Hammered Ahead of Trump Speech, Safe Havens Sought After and Enjoyed

Don’t even think about selling your stocks you fucking cave apes. We’ve got walls to build and toxic pipelines to lay down. Once the EPA is dismantled and Trump’s right wing goon squads hit the streets to take out the trash, America will be great again.

Also, the Mexicans will be financing mostly everything, while the Chinese will owe us bigly for permitting them to keep those fake islands in the south China sea.

Both silver and gold stocks are ripping higher — mostly by 3%, because panic. Second to that is the cleaning product space, with sexy names like $CLX, $DAR and $SCL. It’s a shoot yourselves in the face type of tape.

Bonds are higher and so are utilities. You get the picture.

Oil and gas stocks continue to get hammered, now down by almost 10% for the month. Mind you, this is an extremely oversold situation and will not stand for too much longer.

According to Exodus, the following stocks are oversold.

$TECK, $FSM, $CZZ, $PRTY, $HL, $DLB — amongst many others.

RELATED: Exodus is also flagging the euro, via $FXE, overbought. The track record for this signal is zero losses, 6 wins, over the past 6 months. Look for a dollar spike soon.

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One comment

  1. ironturd

    Yea very unlikely the infrastructure stocks have priced in Trump reiterating his policies bigly while beating his chest. With snap coming to market Thursday I’m sure funds will dump their capital into these political runners.

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