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
18,966 Blog Posts

BREAKOUT! Markets Claim Prima Nocta on Bears

There isn’t anything more to discuss. This is settled science. We broke out clean, another big ass white candle.

I sold APHA for +22%.

I replaced it with ZYNE.

I booked my Quant trades today and posted the new one in Exodus today. For February, we are half defensive, half value, zero GLD or TLT.

I’m still fully invested, so I cannot make any new buys at this present time. I might move some things around, however, should I find something interesting.

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5 comments

  1. goldwing

    take profit in BCCI and parle into OGRMF, a real company

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  2. numbersgame

    Until SPY breaks above 280 or below 262, its all noise

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  3. edge

    GDX Mar 25 calls are 12 cents.

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  4. jbandy

    Fake break-out! Meant to suck in the last poor saps who haven’t participated in this massive bear market rally. Market action topping—bad news, like bad earnings, is bad news again. There’s only so many idiotic buyers left willing to completely ignore the global slowdown and peak earnings story in favor of hope in The Fed and Trump. Beware.

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  5. og

    Market doesn’t even care Amazon is down 5% off earnings. I’m bullish, but even I am surprised by this.

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