iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

SWEEP THE LEG

We’re getting close. Let me be brief here:

From last night….

Ultimately, I still think there is another move lower to trade, but tying this out and getting thoughts out is helping calm my nerves a little.

With any luck, today should look like yesterday, leaving tails in either direction. If history rhymes, there ought to be one last come to Jesus moment in stocks. When that happens, and things remain divergent, the knights will be summoned to protect and uphold this trend.

The Yen is not confirming this move, there are no breadth extremes, and my market proxy $GS is trending off the open. Let them flush here and wait for your knights to initiate some real buying.

OA

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

25 comments

  1. UncleBuccs

    waiting….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. kidstock

    Took quick gains and rolled all-in FIT Nov calls.

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

    TWTR

    I guess my day trading retard friend is right. Short every uptick, free money.

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

    you like $CTRP still?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. toast

    Here we go…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. MSGT HARTMAN

    I give it a few more days, then all in.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. mk

    Took quick gains in GS weeklies holding monthlies

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. Bchu

    Hmmm… Maybe we had our flush already. Starting from overnight high in futures

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

      bchu – I’m watching the /TF hourly – you can see by OA’s oscillator, the bloop was destined (and is still likely) to the downside. At a minimum, I’d at least like to see the Blue medium speed line dip below 20. I don’t always get what I want, though…
      https://i.imgur.com/5NunHde.jpg

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  9. gudenaev

    I dont hate this location in $TWTR, think I will nibble

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. k_melancon

    AMZN leading

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. jon v

    Thanks for the roadmap Jeff. I ended up selling half of my positions pre market and taking a position in SDS to hedge in case we do sweep the leg. USD/JPY has been a solid indicator.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. k_melancon

    so is APPL the “market” capitualtion sign? Didn’t think it would go below 108 today, further weakness could see 105-106, but then I would suspect it would get bought hard.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. granpa

    Only 1 trade so far this week, +4.9% on two day hold (9/28 -9/30) of SLCA.
    Testing and building TCK.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. granpa

    TCK, waiting on next down move. If 4.39 doesn’t crack will add up to the mid 4.60’s.
    Already have 1/2 position.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. k_melancon

    Past three days we have had lunch time drops….again or a change?

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