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
23,417 Blog Posts

RETESTOORS STAND UP — MARKET PUTTING IN HORRID TECHNICALS — PANIC SALES UNDERWAY

Several things for you to chew on.

1. We are retesting the 2022 lows, as predicted.

2. The technical scores inside Stocklabs are so bad now, they’re lining up with some of the worst markets historically.

Here is the trade.

Sanity for money.

If you’re buying into a Polish natural gas valve shut down by Russia, then you’re nuts. By all measures, it appears a hot war between NATO and Russia is very close to happening. This could entail Russian subs CUTTING the transatlantic fiber cables and/or sinking of LNG ships to Europe in an effort to freeze them out. It could get very very ugly. But this is the past western governments have chosen to lead their people, directly and bellicosely into war.

On the other hand, all of this panic lends to a sublime mean reversion trade, the perfect wall of worry.

Based on the grim outlook and historically weak technicals, I like this set up on the long side. The only thing that could go wrong, of course, is loading up just before ICBMs start to fly.

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6 comments

  1. tha pirate

    I said before the election that worrying about our NAZDAQs while ignoring the destruction of America by the extreme left made no sense.

    If ICBM’s fly, will it matter what anyone’s portfolio looks like?

    EVERYTHING they said about Trump applies to his far left critics; they have brought the USA to the brink of ruin.

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    • purdy

      Is it the left doing it? ..or are the lefties just tools of psycho armchair gameofthroners?

      The men behind the curtain don’t car about left/right squabbles …other than, I suspect, that they have determined that Karen is more easily programmed to serve their purpose than is some gun-toting libertarian …so they program Kaen.

      As for Trump, he worked well for them …although he did so unwittingly.

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      • metalleg

        Trump: “We caught them all.”

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      • tha pirate

        There are a lot of true conspiracy’s lately, but it is unrealistic to believe EVERYTHING is a conspiracy.

        When forced to decide if something is a conspiracy or just plain stupidity, stupidity is the correct assumption 90% of the time

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        • purdy

          yeah, but you were talking about ICBMs and such.

          Karen was programmed to wave a Ukrainian flag for a reason. She could have just as easily been programmed to wave a Russian flag. Her fear and her programmed self-righteousness certainty about what needs to be done, serves the purpose of maniacs who want more power …more control.

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  2. soupbone

    Could be we get a nice bounce for traders, if inflation takes a breather. But it will be short-lived because the inflation will be multi-year adjustment. Very bad for equities as the fucking easy ride the Fed had is ended. Nothing should be in long term accounts that is not wanted for the haul.

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