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
20,201 Blog Posts

Markets in Full Blown Crash Mode as Bond Market Signals Doom

Markets are barreling towards session lows after a sundry of rookie punk traders jumped in headlong into concrete pools of shit. Now they’re all selling and The Fly told them to avoid these pitfalls.

“Don’t buy on Fridays into cataclysm” is what I always tell my kids.

The fact that TLT has now outperformed the SPY on all time frames short of 5 years is something to behold.

So where do we go from here?

I sold out of the balance of my virus stocks today, for a net win — the latter sales being somewhat fucked. But I had to get out in order to wipe the slate clean.

IBIO +132%
OPGN +83%
VIVO +18%
(AEMD -15%)
(AIM -25%)
DYNT – wash
(LLIT -6.4%)
(MARK -16%)
(TEDU -19%)

Wrapping up my virus themed trades, here were the results.

NNVC +32% NNVC +319% CODX +28% CODX +61.4% VIR +25.9% INO +50% AHPI +48% NVAX +11% NVAX +28.9% APT +29.3% LAKE +17.5% LAKE +25.2% AEMD +14% LLIT +15.5% BIMI +33% DAO +14.3% NNVC +63% COCP +44% APT +48% APT +28% MRNA +14% AHPI +52% AHPI 28% CODX +37% CODX +30% LAKE +10% DAO +5.2% NVAX +15.6% NNVC +31% VXRT +95.7% TNXP +121%

Can’t complain — best trading spree of my life. Is it done? Never says never. One thing is for certain, we’re deeply oversold and the market is begging for a reason to rally. We probably get something on Sunday night from the Fed. Truth is, this is all unprecedented and I do not know what to expect next, other than to suggest you trade small.

95% cash now.

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7 comments

  1. numbersgame

    Gold is getting demolished, down 4%: so much for that safe haven. JNUG -31% today.

    Not sure what that is about. Where is that selling pressure from?

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  2. heckler

    Check out the PUNISHER candle on ZM – this was also supposed to be “safe” because people would teleconference in with the flu.

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