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
18,705 Blog Posts

FUTURES EXPLODE TO THE UPSIDE; SANTA TRUMP HAS DELIVERED MANY GREAT BEAUTIFUL GAINS

First I’d like to say perma-bulls need to take a step back and fucking relax. You’ve been drubbed to the tune of 30% the past month, holding onto dear life — like a god damned idiot. YOU DO NOT GET TO CELEBRATE TONIGHT.

I repeat: PERMANENT BULLS DO NOT GET TO CELEBRATE TONIGHT.

Who gets to celebrate?

Men like men and exactly like me.

I sold TVIX on Friday, after recognizing a change in the tape and because I had no interest in incurring the risk of a Trump deal. After all, the guy lives and dies off his ability to do deals. I’d have to be a complete jackass to not take a long position — AND I DID. So, therefore, and ergo, shut the fuck up. My SOXL gains are going to be so extreme — they’ll blot out the sun.

Should we sell tomorrow?

Probably not — but you can’t tell until you see how we trade. If we trade up and then fade into the bell, maybe. If we reverse the gains into losses, most definitely. But if we hold the gains and even build upon them, you should probably buy more.

At any rate, Dow futures are up more than 400, Nasdaq +124.

Congrats.

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10 comments

  1. acehood

    It’s a great market, believe me.

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  2. heckler

    80 percent cash and dick lesw

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  3. joyous__ending

    Selling at the open what I bought in November on Exodus oversold signals.
    When Exodus gives the real oversold 2.3?, gotta load up

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  4. Lyndon Keltner

    I honestly wish Santa Trump didn’t wuss out on his Trade War, especially *after* having done lost the House.

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  5. juice

    “My SOXL gains are going to be so extreme — they’ll blot out the sun.”

    el classico flea … nice riff boss

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  6. roundwego

    DB is dead. Fade the sshort squeeze. Load up on FAZ.

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  7. cancel19

    About freakin’ time! These last two months and the year in general have been abysmal.

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  8. ferd

    European banks should be on everyone’s fear screen – they’re up a couple % this AM – yawn.

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    • 0 Deem this to be "Fake News"

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