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
23,424 Blog Posts

BEWARE OF THE LATE AFTERNOON DUMP

The dollar is soaring against the Euro.

Yen is higher.

Bonds are higher, as yields tank.

Listen to me now — the only thing preventing this market from totally dislocating is oil. If oil was lower by 3% or more today, we’d fully break, cleanly and brightly, down by 500+

Meanwhile, I continue buying POS biotechs. I just bought SEEL. Why? No idea. We’re playing all of these stocks in Exodus today.

Presently, I am most confident in my TVIX, SOXS, and TZA — but I’m also hoping for some negative correlation against the market with SEEL, TNXP, and SNSS.

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3 comments

  1. jbandy

    Dollar strength is very bad news for our multinationals. Yet another drag on corporate earnings growth.

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  2. edge

    IWM ready to crack

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  3. numbersgame

    AMZN been trading like crap for two months. Zombie.

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