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
19,896 Blog Posts

A Review of House Fly’s Positions and Predictions for the Markets in the Interim

Let’s review today’s market together and my moves, shall we?

NVDA guided LOWER for next quarter, stock surged.

Me: FUCKED.

Like a moron, I bought SOXS because I wanted to ‘hedge.’

I just kicked it out for a 6.9% loss.

Yields a slightly higher and gold is off by 0.7%.

Me: FUCKED.

I own a slew of miners and I just bought NUGT yesterday. I’m not selling here, because the night is dark and filled with terrors — but fucked nonetheless.

It should be noted, and it will be noted here now, the Exodus oversold algorithms called the bottom to the exact day again.

Me: FUCKED.

I was long TQQQ on this news, but kicked it out for a 1.9% loss, only to see it scream higher today. At this point, members of the Pelican Room are operating independently and without my sage advice.

Let’s see what else I have the fuck going on.

I’ve got 8 stocks in my trading account up more than 2%, and one I bought yesterday +1.65%. Aside from NUGT, only one of my miners are down more than 2% — so you’re probably wondering why I’m making such a big deal over it. Well, I don’t like missing out and this isn’t an ordinary missing out either, since it’s a rare fete to see the system spit out an OS and it’s horrible enough to have a short semis ETF in the mix, let alone having levered up into gold on a down day.

My Quant portfolio, which is 75% of my money, is up 130BPS for the session.

What do I think markets will do next? It’s fairly obviously going higher. Why did you even ask that stupid question?

Fuck off.

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4 comments

  1. numbersgame

    I think we have smooth sailing until the Sep 2018 highs, then a hard ceiling at the Apr 2018 highs.

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  2. The_Swede

    Lower open on Monday

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  3. one-eighty

    Hmmm.

    October is closing in.

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