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
21,503 Blog Posts

Back to Spectator Mode

I knew the rally would not stick and now we see exclusive strength in certain Tera caps, semis, and EV stocks, 100% shit tape. Breadth is at 30% and TZA is running higher.

I entered the session 105% invested with a 15% hedge in $TZA. Although I believe this tape is poor, I have to acknowledge there are certain areas of the market which is strong and that was enough to get me to sell everything but my BITO yolo calls.

I’m upwards of 95% cash now, higher by 0.55% today, in no rush to catch a trade, as my month is ending well +7.3%. I’ll likely nibble later on in the afternoon session.

What this is is more of the same, FAG-BOX trading in the IWM.

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