The Fed had my back this afternoon, and their Beige Book put a bid in oil prices, effectively generating broad confidence amongst risk takers. My book reversed a cool down three percent on the day to finish a mild thirty one basis points lower.
During the sit I suffered one casualty. BTE not only did not participate alongside the oil rally, it slipped. Losers will not be tolerated. It goes to show the mixed nature of this industry group.
GoPro exists simply to frustrate. We all know a flood of competition is chasing this first-to-market mover. But they’re tech and for some reason I keep a space in my heart for technological ideas born in the USA. Thus I bear the burns of this twisted trading instrument.
Apple seems to hold the keys to the market. The Nasdaq is grabbing headlines, Apple is a major piece of the Nasdaq, and Apple is coiled up tighter than the inside of a baseball. Watch how this one breaks to have an idea about where the market is headed.
Oil and Apple—everything else is just a distraction.
In other news, SINA might just have what it takes to put me through to the second round of iBankCoin’s March Madness tournament. It is time for the Far East to rise!
If you enjoy the content at iBankCoin, please follow us on Twitter
What’s up man.
That Mord Fustang is provocative isn’t it?
My first car was a mustang gt.