I’ve been discussing this in Exodus and figured I’d tell you, the unwashed reader class, about it too. This tape looks like it’s having problems adjusting to the volatility. All of the programmed buying/selling machines, AI, and HFT algos are being fucked over in a very hard and serious way.
DO NOT BE SURPRISED to see a very big and outsized heart attack move to the downside. Prepare for this eventuality, by removing leverage and making sure you have dry powder to buy a severe dip.
The fun will begin, in earnest, after 3pm. I hope that I am wrong — but retail is about to get forked over, like naked radishes, soon — as margin clerks make their rounds, zeroing out accounts with zeal.
Presently, I am 40% cash, having sold out of BREW this afternoon.
UPDATE: I stopped out of TNA and YINN, for a 13% and 10% loss. Stops will be respected, no matter how OS we get.
55% cash
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Captain Obvious gets a Medal of Honor for this droppage.
Timely advice.
All this bond hoopla is in the face of stable low inflation. The fed trying to counteract the Trump tax cuts? (which was the dry powder for a recession but now spent). Anyway, fed policy, energy price and wages will lead to lower profits in due course.
How long until Drumpf fires Powell?
All you suck-offs
Sucking-off the reversal-subroutines thinking you were entitled to have
Bullets, beans and bullion time. Bought a “pastiche” of PM miners (those with reasonable debt and margins) after the 8:30 AM PM move today.
Smart that. I am up 6% for the day thanks to my PM miners positions. I expect that to “bounce” lower in the near term but only briefly.
On the bright side …if my Chinese-stocks-must-stabilize-first theory holds true; note that Chinese stocks are relative OK today.
Saved by Xi rumors. It’s all about China and tariffs.
Closed short NQ. My model signalling long for Friday.