iBankCoin
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
18,724 Blog Posts

*** EXODUS OS, 3MO ALGO, RALLY HO ***

Don’t get salty, motherfuckers.

The purpose of Exodus is to gauge investor psyche and how they respond to levels of stress. Today, and not since 10/24, we were oversold on the 3 mo algo — the only algorithm that knows the present tape.

The results? Nothing less than staggering. Bottoming out action.

Markets are strong AF. I’m fine, 100% long, into the teeth of the beast.

Top picks: SOXL, SOXL, SOXL

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15 comments

  1. joyous__ending

    Tremendous setup for the Turkey God Rally

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  2. ferd

    Wouldn’t it be better to hunker down in stodgy, but stable, old utilities like PCG or EIX and collect dividends until things smooth out?

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    • joyous__ending

      PCG, EIX? California is about to extort those two into bankruptcy. How old are you? 50+ Why do you want dividends? And if you do, buy a diversified ETF dividend setup in an IRA and let it compound

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      • MoonshineDelight

        Old enough to play the bailout rumors.

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        • ironbird

          Nice call. Welcome to Commiefornia not lost yet. Pensions are the new scam of bankrupt bitch. Yeah sure.

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    • ironbird

      You have to been born and raised in Cali to understand this horseshit. Those fucking fires are arson with a smidge of shitlib envirofascist fuckheads doing. The super rich areas never burn down on accident. Ever. Just look at a map of what has burned since the Orange.

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  3. acehood

    Watch NVDA absolutely kill it again.

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  4. numbersgame

    NVIDIA
    forecast
    2018Q4 Sales $2.7B (forecast) +/- 2% vs $3.4B Estimate
    2017Q4 Sales $2.9B
    -15% AH, other tech stocks also falling

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  5. juice

    NVDA & AMAT just shat all over SOXL

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    • it is showtime

      SHAT should also be all caps

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      • ironbird

        SHAT is the tongue taco truck. That is 4 million strong. They play fucking kick the can. When the world is changing go back in time to cave drawings and raping.

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  6. og

    OH NVDA

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  7. jbandy

    Yeah, SOX is my #1 short. Weakest sector in tech.

    “The prediction? Pain.” ~Clubber Lang, Rocky III

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    • numbersgame

      NFLX stock is weak. VoD should be realtively immune from an econmic downturn, and certainly immune from a cyclic chip downturn, yet it is down in afteramrket. The message: bye-bye high-beta.

      The issue is the Same Old Story. Amatuer investors chase hot companies tat they’ve heard of and run up the PE, with “analysts” cheering them on. Then things get shaky, and real price discovery (ie, VIX > 15) takes over, separating the wheat from the chaff.

      NVDA’s revenue is about the same as INTC’s **net income***, yet INTC’s market cap was only about 30% higher.

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