I’m blogging from the road today, watching stocks act retarded. With less than a 1% drop in gold, thr underlying equities are crashing — down by more than 5%.
It’s not time to buy the dip in gold. Be patient.
Crude oil is down nearly 4%, but the stocks are holding firm with losses in the magnitude of 2%. The next OPEC meeting will be held on my birthday, May 25th. I’m sure those shills will figure a way to boost markets, artificially.
I’m not a big fan of overexaggerating daily moves anymore. We’re living in a mean reversion world, which is why Exodus is so accurate. Gone are the days of crazy eyed momo set ups. This is a whack a mole market that rewards those willing to buy dips and sell rips, frustrating those who depend on breakouts for a living.
I’m long $OAS, getting clubbed out like a drunken trouble maker. All of my other holdings are doing fine — patiently waiting for war to break out. As a whole, the market looks fine, especially the Nasdaq.
Banks, tech and construction stocks are heading higher, amidst positive breadth. Buy dips, sell rips. In this case, oil is a buy.
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Quagmire
Inevitable
Implosion
NFLX? dip needed before next rip higher IMO
No bid under Bonds, Gold or, XLU….0 flight to quality. Buy the dip.
you first
financial are fucked. Tesla is going to crash.
Agreed butt be aware of the millennial faggotry!
Of course exactly one year ago was long jdst and got my face kicked in.
Gold stawks are for chumps.