iBankCoin

It’s a Fine Trade to Bet on Continuation

I bought PYX, ERX, and YINN today, to go alongside my TNA, FAS, and FNGU positions.

Yes, I nailed this move — but did so with a large cash position. I minimized my exposure during a period of uncertainty and now I am pressing the envelope, a little bit, as the momentum picks up steam. My bet is for a continuation of the rally — a fine bet supported by strong algorithmic correlations.

Right now we’re merely leveling out to normalization, succored by Trump’s two magic bullets: a Fed pause and China trade deal.

Ultimately, I’ll be fading this rally — mainly because I don’t believe in Santa Claus and my bias is for a slowing economy. Even still, we’re so oversold, shit can pop off to the upside for another week or two.

How is Exodus doing now, from a mean reversion ranking standpoint? I believe the system is now, once again, accurately assessing the tape — after going through a rigorous adjustment. The way the system is programmed is to learn the present market, the ebbing and flowing of human emotions and how the correlate to pricing.

Our 3 mo algorithm nailed the market bottom for the second consecutive time.

Prices are going up for the annual pricing tier for Exodus by year end. I strongly advise that you lock in these low rates and join the league of distinguished gentlemen, barreling into the festive holiday season.

(Tips hat)

Good day.

If you enjoy the content at iBankCoin, please follow us on Twitter

7 comments

  1. ferd

    ERX …I’ll light a candle for you.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. it is showtime

    1. Last gasp Or
    2. Kick the can

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. ferd

    Vlad explains the obvious:
    …according to Bloomberg, “We aren’t aiming to ditch the dollar. The dollar is ditching us.” Making the case that aggressive US punitive measures against its rivals is undermining confidence in the dollar, Putin explained:

    We are not setting the target of moving away from the dollar – the dollar is moving away from us, and those who take respective [sanctions] decisions are shooting themselves not just in the foot, but slightly higher, as such instability in calculations in dollars creates a desire of many global economies to find alternative reserve currencies and create settlement systems independent of the dollar.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. heckler

    I am hearing Congress is about to pass the Farm Bill – CBD legalized nation-wide! Let’s go hemp farmers!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • soupbone

      I just bought a jar of CBD weed at the liquor store up here. Very low THC so should be interesting. Has to be smoked is only drawback and I have yet to crack it open. The retail facility was all white tiles and glass, very Stanley Kubrick.

      • 1
      • 0
      • 0 Deem this to be "Fake News"