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
23,431 Blog Posts

Mega Caps Gain, Everyone Else BOGGED the Fuck Out

The Russell was lower by 2.5%. The XLF was off by 3.5%, but Amazon, Microsoft, Amazon, Netflix and Apple were strong — so dick suckers were out in FORCE today — raping the market with their ashen jargon. Truth be told, the QQQs are only down 5% for the year and this angers many into fits of rage. How could it be? What is this all about?

Quiet. Stop thinking and listen. Do you hear it? The sounds of cracking bark under the heft of sloppily positioned men who gave up thinking long ago in favor of religion. These people will soon be crestfallen into the pits of hell — where devil and monsters eat them live. While it’s true, this blog cannot possibly predict to the exact session when this will occur. But the writing is on the wall, as they say, and the Easter Eggs are easy to find, if you have a sharp eye.

For the session, I EXTENDED my excellent, now 28 for 29.

(PEI -3.6%)
EGO +3.1%
CEMI +10.6% (day trade)
PVAC +`14.6% (day trade)

For the day, I sold short banks, went long midstream pipelines, and one coronavirus play, and I bought some gold too — small piece of shit miners.

If you enjoy the content at iBankCoin, please follow us on Twitter

11 comments

  1. steak

    Fly, is there a way for Exodus subscribers to receive live text updates on your intra day picks? If so, can you show me the way?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. narcist

    Re: 6 Dem governors, Charlie Baker (R-MA) just joined them. But then Baker is like Bill Weld (a sane Republican).

    The other sane Republican Larry Hogan (R-MD) will probably follow suit. Phil Scott (R-VT) is also sane but Vermont has about 8 people and 12 igloos.

    I’m still quite fond of the descendants of the Yankee Republicans.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. cash cow

    Fly,

    All the big ho-hos on Wall Street have turned bullish … are they ALL wrong?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Mr. Cain Thaler

      Which hanchos? Goldman Sachs equities division is long stocks. Too bad their trading division is short selling them to you as fast as they can…

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  4. edge

    Trump has a lot of money to hand out and he has openly suggested that he wants favors. It’s not surprising that the banks would shill for stocks, maybe even help move the markets along.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  5. edge

    BTW. Your fucking braindead doofus thinks he has total authority.
    Fit for office? LOL. IDIOTS.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. heckler

    Yeah so interesting cross roads here. The data are showing the curve flattening and headlines of reopening the economy. Market bulls hope that happens but I’m skeptical bc we have no testing and no methods for contact tracing. Can’t really ask or force people back out to work until gov gives us something to feel confident about. Banks start reporting earning tomorrow I think.. If that even matters anymore

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

      Ending shutdowns would result in the public doing it IMO. Earnings? I think people are dreaming of miracles.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  7. i_am_nemo

    Most people who frequent this site are most likely moneyed, comfortable and looking for the profitable endgame. Rest assured, the majority of people in your vicinity are not. They are worried. They are at risk of losing everything for which they have worked. Other countries are extending their shutdown. You guys have seen the foodbank lines in some of the major metro areas. This shit is getting serious.

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