iBankCoin

No Resolution Thus Far — Sandwich City

I was hoping we’d get some clarity on the direction of markets today. But with the Dow up, Nasdaq lower, and Russell unch — this is turning out to be a gigantic nothing-burger. To make matters worse, both oil and gold are sharply higher — and breadth is dead flat at 50%.

Lucky for me, I am long NUGT.

Nevertheless, I eagerly wait for stocks to break either way. Given the strength in crude, my bias is for higher stock prices.

I’m tempted to buy JNUG or anything for that matter — but that would be an exhibition of impatience. Being that Le Fly is an ageless institution amongst men, I must adhere to a different set of standards — one carved out of the fossilized stone of antiquity.

Eating sandwiches at a profuse rate is how I like to kill time.

I’ll wait.

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6 comments

  1. acehood

    Turkey?

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  2. roundwego

    Done eating oatmeal yet? Shorts with patience will be well rewarded as well as gold bugs.

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  3. tjnyt

    First sold DIA calls, then energy, then sold DIA puts(all from yesterday), bought more tech. lets see what apple and FB has to say. It could be my big up day if it hits all cylinders.

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  4. ferd

    short /nq at 6644

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  5. numbersgame

    Of course there’s no resolution yet

    https://ibankcoin.com/flyblog/2019/01/24/moron-2/#comment-558102

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