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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
23,419 Blog Posts

Here Are 5 Reasons For You to Be Bearish AF

Dr. Fly Fri Nov 9, 2018 4:03pm EST 5 Comments

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Let’s make this simple.

1. Dollar strength. This spells doom.

2. China trade war.
3. Riskiest stocks heading fast towards recent lows.

4. Catching knives is fucking retarded.
5. Traders have hard-ons for retesting lows.

We’re 400 NASDAQs away from recent lows and the breadth is terrible today. If we gap higher on Monday, I’ll likely switch my bias again. Bear with me as I figure this out. But as I do, I’m doing it with a small portion of my investable dollars. Heading into today, I was 55% cash. Closing out the day, I am 70%. Perhaps that’s what you should take from me most today, uncertainty.

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5 comments

  1. numbersgame
    numbersgame
    November 9, 2018 at 4:34 pm

    +1 for uncertainty.

    The only thing that would surprise me is if we didn’t move at least 5%. I’m betting that AAPL tags 210 or 195 in the next two weeks (maybe both). Have a good weekend

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  2. fxtradepro
    fxtradepro
    November 9, 2018 at 6:11 pm

    6. Oil

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  3. cancel19
    cancel19
    November 9, 2018 at 7:19 pm

    Tryptophan bullish!

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  4. moosh
    moosh
    November 9, 2018 at 10:15 pm

    7. That non-turkey eating fucking awesome music.

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  5. moosh
    moosh
    November 9, 2018 at 11:26 pm

    8. Look at $GNC. hahaaha

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