iBankCoin

LEVERAGED LONG: CALLING THE MARKETS BLUFF

Sirs,

I eagerly inform you of my 120% leveraged long position. This is not something I do lightly of without thought. I do believe this farce of a tape is merely the consequence of GOING UP IN A STRAIGHT FUCKING LINE for the past week and we’re merely pulling in a bit for the sake of doing so.

On the morrow you might be entreated with magnanimous gains, a light mist coming in from the backyard golf course during breakfast to enliven you for the day to come.

Breadth is a cantankerous 30% and people are scared to do anything now, since it wasn’t too long ago when most people got zeroed out again during The Great Japanese Yen Carry Trade Collapse of 2024! BEHOLD the uncertainty of the future and try to peer into it if you dare, accepting the black smoke and the fires and the heat it all brings.

But before we get to that, I am just looking for 1 or maybe 2 more days of upside. I do, however, reserve the right to completely change my mind on everything I just wrote.

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2 comments

  1. richardweiner

    Market about as extended as it gets from 10 day. Positive VIX with a narrow range day. The kind of setup where if the market is up in the morning, you could get a big one day down move

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  2. richardweiner

    Market about as extended as it gets from 10 day. Positive VIX with a narrow range day. The kind of setup where if the market is up in the morning, you could get a big one day down move

    • 0
    • 0
    • 0 Deem this to be "Fake News"