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
23,446 Blog Posts

July Will Be Up

Happy trading day, Fucked Faces.

It appears we have a seasonal grift to deal with, in the way of the inevitable COLLAPSE we all crave. Look at the seasonal chicanery of the SPY in July.

All of this data, alongside much more, is available inside Stocklabs.

Because of this trend, as unfortunate as it is, I am mentally prepared to be very bullish. I might even pretend to enjoy it.

I am +33bps today, heavily hedged SHORT the QQQ’s — up only because I am a good trader and understand my limitations and capabilities. Into the close, I am hoping for a downside reversal and that’s not just wishful thinking. I am hoping I can piece meal sell my longs, at the same time retaining my shorts, and turn today into a very fine session for me.

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