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
20,951 Blog Posts

A Stock Pickers Market

NASDAQ is +160, yet many high beta trading fuckers are down. This solidifies by belief that the rotation is going to last longer and be chaotic than most believe. I am barely up in a general tape that looks like a casino win. Meanwhile in the real world, market breadth is just 52%, meaning 48% of stocks are DOWN on this grandiose day.

Strength is found concentrated in industrials, coal and steel plays, crypto derivatives, and of course reopening trades such as movie theaters. I am long AMC — not because movies are back — but because people are so desperate to go out they went to see Kong vs Godzilla — which was fucking stupid.

I am trying my best to avoid murderholes — but the trend is clear and you’d be wise to avoid holding small micro cap piece of shit stocks for too long.

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