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
23,447 Blog Posts

Strength in Size

Once again markets favor teracap stocks over small. Breadth in companies with market caps over $100b is 94% while under $1b is just 50%. Clearly, the Reddit/WSB crowd of clowns are having a difficult time earning a living trading YOLO options in their small cap stocks. This has been a recurring them for nearly 6mos and I seriously doubt it will change any time soon.

There are pockets of strength in momo today but mainly the gains are either enjoyed at the open or not at all. Volatility is once again narrowing, which makes it harder to trade for large gains intraday, lest of course you juice portfolios Witt options or leverage.

I don’t have the eternal fortitude to do neither, so I’m indelibly unchanged thus far — carefully nibbling and gnawing at my best screens at an attempted go of it.

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