Tired of winning yet? By the way, if this is what winning looks like — could you imagine what a Trump White House that was actually losing might look? Perhaps we’ll learn of people falling over iced cubes and into sharp dinnerware, or onto train tracks into oncoming locomotives.
Nevertheless, as expected, nothing has resulted from Cohn exited, as the Nasdaq stretches into positive territory — up from -100 in last night’s pajama clad futures session, which must’ve been attended by all of DCs dumbest stock traders.
Even still, I have a duty to uphold here and I’d be remiss if I didn’t share some news. I sold out of my SPY position a short while ago. It was a systematic trade that was designed to be held for only 3 days, based on the Exodus oversold signal. Reason being: the data suggest a 3 day hold would be optimal. Ergo, I booked a 2.2% gain with 20% of my assets and have now jogged on.
Into the wilderness I go, looking for new ideas. In total, my buy the dip excursions, based on the systemwide oversold signal, did quite well — +2.2% in SPY and +14% in SOXL.
If you enjoy the content at iBankCoin, please follow us on Twitter
The day is young
and full of terrors
Exactly, wait for the close – down 1.5% is my guess
Bucket list: Dems get blue wave in 2018. Impeach Trump, Impeach Pence.
Dow falls to 10,000.
I buy it all.
Trump slings bs. But Pence may actually believe what Pence says. The prospect of a president who may be looking forward to The Rapture should concern everyone. Long live Trump.
Why get concerned? Usher it in
Today is the day when the NASDAQ decides if it wants to retest the lows or retest the highs.
If AMZN closes below Monday’s close (1523.61), the charts say it is going lower. The other FAANGS are already dead or dying.
Netflix’s chart doesn’t look so bad, but the Wall Street (with the exception of the Motley Fools) is through with their cheerleading. It has gone up way too fast and needs more fuel to go higher.