iBankCoin

THIS RALLY IS WEAK

The title was designed to get a stupid reaction out of you. The past 10 days have been of the pornographic varietal for bulls. You’ve been able to trade at your heart’s delight, sashay in and out of work a huge dick swinging winner. But I am here to inform you, unfortunately, ALL GOOD THINGS END.

With that in mind, need I remind you we are entering into a world where reality rules? Earnings season is upon you, the purge that separates the chaff from the wheat.

Regarding today’s action: not impressed.

Breadth stands at a paltry and pathetic 61%.

The biggest winners are airlines and banks.

Lastly, and most importantly, the Bubble Basket index in Exodus, a supreme barometerĀ of risk, is only up 0.4%. Clearly, there is distribution taking place now.

Understandably, one might misconstrue this post as something equal to soured grapes. I promise you that I have no desire to make mountains of money on the short side, nor am I upset about not being long during this recent ejaculation of prosperity. I am merely a man near the woods, sitting on a bench, watching all of the pigeonsĀ do stupid things.

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7 comments

  1. badduck

    Rally will continue without pause.

    Talk shit, get hit.

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  2. ConManipulation
    ConManipulation

    I have seen this before. The implosion will be epic.

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  3. jahfari

    Meh, have trailers on most of your shit and let the bulls keep running. I added on UA today since EXODUS showed its support in the 200 MA was triggered AND July is their best month (at least they made it on the big gainer for July list)

    EXODUS is as-billed. Thank you Fly for creating such a wonderful tool (SirWellington on EXODUS)

    I have a personal training session on the platform by “Vince” coming up as i have only been a member (1 year) as of 2 days ago.

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  4. gorby

    When things can’t go on they won’t.

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