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
18,608 Blog Posts

THIS TAPE IS WEAK

Industrials and Banks are strong, most of tech is weak. Oils are going higher, but I don’t feel like chasing. The Dow 30 is being dragged higher by its short hairs, but the weakness is just underneath the surface.

Perhaps this is a rotation and we are to deal with it — become indexFAGS and buy MMM — waste our lives away. Maybe tech is finished and all of the high growth stuff is now a waste of time.

OR, this tape sucks and we’re on the verge of spilling over and canceling the rally.

I’m still bullish and one day isn’t gonna stop me. But I think I’ll leave the BUD sale in cash for now. I have a few errands to run an for the love of God I hope the tape improves by the time I get back. Frankly speaking, a market without small cap participation isn’t a market one can trust.

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One comment

  1. cancel19

    Was weak.

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