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
23,431 Blog Posts

Market Internals Look Weak

Without a doubt, the person who constructed both the [[FXP]] and [[SMN]] is an “Emissary of Satan.” In my mind, I know it is true.

What’s important for all of you to understand, is several things:

For one, “The Fly” is always at his best when faced with adversity, unlike many of you peasants who cry when ice cream melts from your cone.

Secondly, I have already plotted my revenge and it is most definitely pending.

And finally, “The Fly” always wins, even after severe losses.

During today’s tape, there is significant negative under currents. In case you are wondering, I am back to doing research.

Here is today’s winner/loser list:

Winners:

[[FITB]], [[HCBK]], [[CEA]], [[SHI]], [[GSI]], [[YZC]], [[EAT]], [[CPO]], [[CHK]], [[FWLT]], [[XTO]], [[NS]], [[MHS]], [[ZRAN]], [[RMBS]], [[MXC]], [[FSLR]], [[ASTI]], [[BCSI]], [[LNN]], [[FCX]], [[SCHN]], [[TIE]], [[SA]], [[PCU]], [[WYNN]], [[GOOG]], [[ESRX]], [[EXM]], [[MICC]], [[DRYS]], [[GNK]] and [[LOGI]].

Losers:

[[CME]], [[VISN]], [[GAP]], [[CMG]], [[COH]], [[UNH]], [[CI]], [[ISRG]], [[NVLS]], [[TXN]], [[WNR]], [[RES]], [[WHQ]], [[SAY]], [[PER]], [[NFLX]], [[SNCR]], [[TSCM]], [[TLAB]], [[LXK]], [[RS]], [[ZEUS]], [[X]], [[CENX]], [[PCAR]], [[CTSH]], [[RIMM]], [[AAPL]], [[GENZ]], [[NTAP]], [[PAY]], [[FORM]], [[LRCX]], [[VSEA]], [[KLAC]], [[AMZN]], [[DD]] and [[YRCW]].

My guess, the market closes down between 1-2% today. Aside from [[T]], there aren’t any Dow components  that can lead a rally today.

Top pick: [[SKF]] If you enjoy the content at iBankCoin, please follow us on Twitter

13 comments

  1. Sia

    Just short ISRG, I think it has another 20% down.

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  2. JakeGint

    Bumped from the last posting….

    _____________________

    Nice call Calvin (on shorting the casinos).

    Along those lines, DSL had a “stupid spike” today, thanks to those seriously (and I ain’t kiddin’) egregious criminals at Friedman Billings and Ramsey, who no doubt are trying to get some royally pissed off clients out of that toxic waster barrel. As a result, DSL presented everyone with a “gift” at near $15 again….

    Hope you indulged. I did.

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  3. da Pope

    God Bless the Fly

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  4. green writer

    The PPT is loosing control. How is your Euro?

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  5. President's Working Group
    President's Working Group

    show some respect

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  6. Raj, Bilderberburg's Servant's Servant
    Raj, Bilderberburg's Servant's Servant

    I tell you now that if you do not take this veddy excellent opportunity to purchase as much SLW as possible for your cash portfolios, I shall be forced to plunge my kirpan directly into my heart and then leave myself on the edge of a cliff for the golden eagles.

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  7. MarketRaider

    Fly I must second your observation about SMN, the market goes down it goes down, the market goes up it goes down. Truly an amazing piece of work. It does seem lately to like to go to 30 and the pop to about 30.8 on a daily basis so some daytrader somewhere must love it.

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  8. Dinosaur Trader

    Seriously… where the fuck is the volume?

    I’d consider shorting NYX… cos it’s not on the NYSE.

    -DT

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  9. MarketRaider

    Why do I find it amusing that on the day when Fly and Gunner sell most of their SMN position it decides to go up?

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  10. The Fly

    Raider:

    I couldn’t stand it any longer. I still have 2,000 shares, mainly for fun.

    However, I took all the SMN proceeds and started buying SKF with them, as low as 99.5

    In other words, “The Fly” is winning, again.

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  11. Raj, Bilderberburg's Servant's Servant
    Raj, Bilderberburg's Servant's Servant

    “It’s about time.”

    ___

    That’s what I said when my ANF and HOG shorts started going the right way at last.

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  12. Gregory

    Its times like this that i miss the misplaced rantings of JJ and his band of merry platinum stocks.

    JJ, what manner of stock picks do you have for us lately ?

    Surely there is one or two to be leeched from The Fly’s fine selection above.

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  13. lol

    show me some tic-tac-toe chart chomping!

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