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Trading with The Fly

Dr. Fly
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
23,417 Blog Posts

TECK REKT; OIL SURGES — FLY WINS AGAIN

Dr. Fly Mon Nov 5, 2018 9:48am EST 1 Comment

This is getting repetitive, isn’t it?

Tech stocks down; oil up.

I am 75% cash, with a 10% weighting in GUSH.

At the moment, it’s higher by nearly 9%. I’m sure there are reasons as to why it’s higher. Let’s keep it simple: it’s an oversold bounce and I happen to be at the right place at the right time.

Overall, markets look poor.

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One comment

  1. jbandy
    jbandy
    November 5, 2018 at 10:29 am

    I welcome the demise of the idiotic FANG trade. It was unhealthy and masked a lot of the underlying weakness (poor breadth) of the markets as they were hitting new highs earlier this year.

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