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
19,617 Blog Posts

Futures Rise as Buyers Bust Loose and Bid Everything Higher

I did warn you about the buying and your inability to stop it.

Futures are +150.
WTI higher.
High yield higher.
Trump did shady stuff with Cohen.
TSLA is laying off 7% of workforce.
TEAM is hitting all time highs in pre-market following results.
SAAS stocks should catch fire today.

Now get to work.

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19 comments

  1. numbersgame

    Unfortunately for me, trash floats pretty well. A big day for the QQQs will force me to roll my NFLX puts yet again, which is getting both tiresome and expensive.

    “Hey we sold twice as many pickups as we thought we going to!”

    “Dammit, what do I tell my regional manager? A few more months like this and we’ll have to close the dealership!”

    I can’t think of another business that could announce that they had a lot more new customers than they expected, yet they had to discount their product so much that they missed their Revenue AND profit targets. Bed, Bath and Beyond executive must be jealous as hell (PS, I have a 30% off coupon if anyone is interested).

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    • numbersgame

      FOr Mr./Miss NarwhaL,

      “Trash floats pretty well” is a reference to the idiom “a rising tide lifts all ships,” which in turn means that when the stock market goes up, most stocks also go up.

      So taken to gether, I mean to say that if the market has a strong day, then NFLX will get some support from that, which will boost it significantly on what should be yet another warning sign that NFLX will never be as profitabel as people think.

      Just 2 short years ago, Credit Suisse was predicting 2019 EPS of $4.58 share. NFLX was trading at about 1/3 of it’s current price.

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    • numbersgame

      FOr Mr./Miss NarwhaL,

      “Trash floats pretty well” is a reference to the idiom “a rising tide lifts all ships,” which in turn means that when the stock market goes up, most stocks also go up.

      So taken together, I mean to say that if the market has a strong day, then NFLX will get some support from that, which will boost it significantly on what should be yet another warning sign that NFLX will never be as profitabel as people think.

      Just 2 short years ago, Credit Suisse was predicting 2019 EPS of $4.58 share. NFLX was trading at about 1/3 of it’s current price.

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  2. the dude

    The shady stuff Trump did with Cohen is called “suborning perjury.” The U.S. Law Code classifies it as a felony with up to five years in jail.

    Now go buy some stocks.

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    • juice

      and how does that compare to the shady polls conducted by the deep state, i.e. CNN, ABC, NBC, the NYTimes, WashPo, etc etc, which had Hill-o-beans as a walk-in winner, i.e. a 98% chance of winning?

      Let’s throw them all in prison

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      • the dude

        Conducting inaccurate polls is not a criminal offense. That’s how it compares.

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      • edge

        First things first… Dealing with Russians is, well, a big deal.
        Anyway the Rs controlled the govt for two years. Yet she is uncharged. Got a theory for that?

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        • ferd

          Russians are mere bit players in our politics compared to both how we mess around in their politics and compared to how others outsiders mess in our politics.

          A new arms race with Russia and trashing of the ABM treaty – – that’s what the neocons have won for us with this new cold war.

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      • s.k.

        Actually Hillary won the popular vote by a wide margin.

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      • og

        He’s talking about the shady stuff that got released last night, not yesterday morning. Yeah, it’s hard to keep up.

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  3. edge

    Aside from some IEF I have no bear plays and I’m moderately long. I would be immoderatly long had I not been too cheap to pay an extra three cents in the aftermarket trading for UPRO.
    I still believe this to be a sucker’s rally. I’ll get some UVXY if the VIX drops a little below 17.

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  4. edge

    So far, it would appear that the Dear Leader is looking at at least three felonies.

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  5. edge

    Rather incredible that the markets are ignoring an executive branch in shambles, a slowing world economy, a slowing US economy, a shutdown that could put us in a recession in a month, and a trade war. I’ve been watching the markets for 45 years and I’ve never seen anything like it.

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  6. dollargoal

    And here is the expected NDX 6750 test as shown few days ago https://www.tradingview.com/x/b3Hlig7f/ Decision time. If it b/o on volume could be big move up since would be coming from a M-T bullish pattern. Otherwise possible new down leg starting if 6600 if failed on volume. G/L!

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  7. edge

    Started unloading. Still plenty long but bought SPY Mar 235 p.

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    • alty

      Perfect. No matter which way the market moves, you were right. Well played. Just like holding UVXY and TQQQ at the same time. Lolz

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  8. edge

    Remember, bombshell news on Trump and the markets not open on Monday.

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  9. tjnyt

    I’m sellin, up 7%, cleaning house bought a token tvix, faz, sp puts. been up every day this week. my streak may end Monday…

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