I have to be somewhere in a half hour and this fucking market is bananas. We were down 150 NASDAQ, and now barely 20. The Dow is surging and small caps are +2%. Meanwhile, my DUST position is firming and SOXS is barely down — a bet against the semis.
Every fiber in my body says to fade the tape; but that’s been suckers bets since March.
Until I am ready to sit down and get a grip on things, I’ll remain 70% cash.If you enjoy the content at iBankCoin, please follow us on Twitter