While markets are smoking cocks on the hopes that Trump could somehow figure out a way to strike a deal with China, the likelihood of that happening is next to zero. There is significant headline risk in this tape now. However, and this goes without saying, I don’t fucking know what to do with that information.
Day 1: +2%
Day 2: -2%
Day 3: +2%
You’d have to posses a Joker like mentality to trade this fucking tape, or be stubborn to the point of only one way. Traders are getting eaten up and beat the fuck out, rightly so.
I sold FRAN for a +14.6% gain, a much needed profit following a spate of poorly executed trades. I am leaning towards fading this rally.If you enjoy the content at iBankCoin, please follow us on Twitter