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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
23,430 Blog Posts

Crude Needs to Bounce Here

Dr. Fly Wed Feb 6, 2019 9:45am EST 5 Comments

Boring morning, except for crude plodding along the bottom of its recent range.

Truth is, while markets are strong and biased to trade higher, if crude breaks lower again — the rally will dissipate and it won’t be long until people start worrying about the fucking junk bond market again.

I have a few things to sell this morning — underperforming assets. I’ll likely move them to cash and wait for resolution.

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5 comments

  1. edge
    edge
    February 6, 2019 at 9:58 am

    Oil will likely provide our wall of worry. Too much supply. But that will keep 125 gallon fillups at the lake relatively painless. Less painful. Take your pick.

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  2. mrcharlie
    mrcharlie
    February 6, 2019 at 10:07 am

    DDL was bad ass in that flick, scary fucker

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  3. edge
    edge
    February 6, 2019 at 10:20 am

    Sold GUSH -7%. I’m down 1.5% in UVXY. May unload that today. How ’bout them chips?

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  4. edge
    edge
    February 6, 2019 at 10:27 am

    Bye bye UVXY.

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  5. edge
    edge
    February 6, 2019 at 10:29 am

    TECL may outperform TQQQ.

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    • 0
    • 0 Deem this to be "Fake News"

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