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
23,376 Blog Posts

Heavily Oiled Up

Almost with religious fervor, I leaned into the oil sector with both alacrity and possession — fixated on the idea of sharply higher crude prices in the not-so-distant future — amidst burned out French APVs and pickets.

With WTI in the mid $80s now and the world ebbing into an inextricable conflict with Russia — higher prices of crude is all but a foregone conclusion.

Meanwhile the fucking retard who resides inside the White House can barely walk up a flight of stairs has decided to run for a second term, all but assuring a national funeral and succession by the biggest fucking moron to ever step into the Oval Office. These people have depleted the strategic petro reserves in an effort to “hurt Putin” and now find themselves at decades low in oil reserves, whilst also trying to keep inflation down and “defeat Putin”, having to buy it all back.

Some might argue that ‘it’s over’ and we are all voyers in a long drawn out process of collapse. While the trends appear to be worsening and the country diving into shit-tier status — the initial steps of corrective measures are being made by isolating the problems, exposing them in an attempt to destroy them. This only can get fixed from the inside — good people elected into office with the support of institutions. You and your retarded friends at the rifle range aren’t going to overthrow the govt.

On the upbeat note, I finished the session down 37bps — but have strong hopes and dreams about making it all back tomorrow.

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Hard Core Rotation Believer Here

Greetings and salutations —

I was racked heavily with losses at the onset of trade thanks to a $BITX position gone awry, as the fever in cryptos abates. However, I am preserved like a jar of jelly in a pastiche of lower beta and oil fruits, down 40bps for the session. I’m also leveraged long completely, eagerly awaiting for the fires to burn in the oils.

Inside Stocklabs the data cannot be denied any longer, pertaining whether or not rotation is underway. We have 85% of drillers rated strongly, whilst only 18% of high beta stocks are favored by the algorithms.

The median tech score for highly rated Basic Material stocks is 3.8, whilst tech is 2.8. As such, I will continue t avoid high beta tech with the hopes that France will APE int Ukraine and get bogged the fuck in and out, causing Brent t GIGASPIKE to $125 and more. I do not have any control over global events; the least I can do is help profit from its demise.

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THERE WILL BE A BLOODBATH!

We’ve been waiting for a comeuppance for some time now and have wistfully game theoried all possible outcomes and eventualities. At some point, the free ride will end and the sins will come due and prices will be paid. There is a very static compression amidst the status quo now, buoyed mostly by their arrogance and coddled lives.

I have taken it upon myself to almost always peer out into the future in search for societal collapse. I’ve been right in 0 out of my last 100 predictions but hope that this time will be different.

If you’re content with the way things are inside your cul de sac — exercise some third order thinking and game shop America in 2100, as your great grandchildren attempt to escape the cannibal hordes razing the American flatlands in search of meat.

At any rate, it’s not your job to do anything, nor mine. We are just voices in the wind, which can be picked up by or serve to inspire decision makers who can execute change. We are not war lords or members of a militia and do not have real power, other than what has been given to us by God. In this economic zone there is a bull market and that bull market continues unabated. To stop the GLOBOHOMO — you need a strategic loss of kinetic nature to occur, in order to truly expose how incompetent they are. Most people are happy with their 401ks and their gay lives and are entertained. Only hard times can solve the disease racking the country and in order to get there — no one will like it and everyone will pine for the days when our biggest problems were TRANNIES on beer cans and black women aspiring to become pilots. NEVERTHELESS, this crucible is all but a forgone conclusion and it’s going to happen, as sure as I am sitting here.

I shed 58bps for the session, closed the day leveraged long and bullish into tomorrow.

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Rotation Continues

Observe the winning industries versus the losers in the past two weeks.

It’s very possible we are in the 2nd or 3rd inning of a run beginning in basic materials, which would jive with the season trends for the industry the past 30 years. To capitalize, one would need to forgo the $NVDA’s of the world in exchange for boring stocks like $OXY, hoping the timing is optimal.

I’m having an off day again and I’m running on just 3hrs sleep — but I’m pretty sure this is the path I want to take this week.

Favorites include names like $FCX $OXY $ADM and $NUE. I want to be long upstream and downstream oils, metals, and perhaps chems. I’ll try to avoid small capped tech and definitely cast off biotechs. In addition to basic materials, now might be a good time to position into old man/ low beta/ high dividend stocks in an attempt to front run investors clamoring for higher yields.

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NO HANGOVER

I had a rather sober St. Paddy’s day with some company from NJ. We did all sort of things this weekend, including but not limited to regaling local SLAVE PLANTATIONS with a person eager for conflict, arguing with the tour guide regarding the accuracy of the history and the tour. At one point during this event, I wanted to drop out of the slave quarters’ windows — but I bore through it and made it out ok with lots of laughs to enjoy on the way home.

It seems the older I get the less interested I am in “getting drunk”, only because doing so means I feel like shit the next day. I had 2 beers and a Boston Sour and that’s it.

I’m down 30bps early going and although the NASDAQ is up — I do not like this tape. CLARIFICATION: I do not hate it either. I am indifferent and find myself wanting t take less risk in order to wade through the tape, waiting for resolution. I feeeeeeel the market is going t churn a bit here and the only thing I’m excited about are my holdinging in Solana, $SOL. I’m + 188% from my basis and feel the coin is going up forever. All of the $BTCFAGS are now buying $SOL — propelling it to new highs. It should be noted $250 is all but a foregone conclusion.

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Closed the Week Pinned to RECOURD Highs

Sirs–

The Nasdaq shed more than 1% this week and losses were FESTOONED across the landscape.

I closed the week with gains of 1.5%, in spite of drawing down 120bps the past two days. It all gets so tiresome and monotonous. I will come back with a full chest of courage next week and propel myself to even higher record highs.

My opinion for cryptos heading into the weekend is for a sell off, consolidating the recent gains, before the ultimate sojourn to $100,000

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Rotation Might Be Underway

Small caps are beating the large caps for a change, with a flat Russell and down 180 NASDAQ. Underneath the hood you can clearly see rotation underway, from tech to basic materials — but it isn’t a bold move. This type of move is largely unimportant on a slow Friday afternoon.

Even stil, I managed to escape the wrath of the market, preserving my account from losses — now sitting +10bps. I don’t feel easy with a portfolio filled with basic materials, which is the point. Most people miss out on rotations because no one wants to sell what is working in favor for some laggards. It takes time and foresight to truly capture a revolving move.

Is it happenng?

IT REMAINS TO BE SEEN, but I am open to the idea.

I do not have anxiety. My pink levels are very low, since my health is most excellent and my demeanor is both poised and collected.

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Going Small into Friday

I’m sort of content where I am now, not trying to rock the boat and make a FOOL out of myself in a marker rife with tumult. With +1.75% for the week, I have no reason to be a hero ahead of the weekend, a weekend which is marked with one of my favorite holidays: St. Paddy’s day. It is a day when I inebriate myself amidst boiled meats, potatoes, and cabbage — sing the songs of Ireland and perhaps smoke a cigar.

It should be noted, I do not condone recreational drinking, especially for young men trying to find their station in life. But on occasion, it is acceptable, providing you’re not an idiot who gets hooked on vices.

I closed the session down 90bps, heavily leaning into oil stocks — 45% cash. I was tempted to long $BITX and other higher beta stocks down 10% today. HOWEVER, even though the market rallied into the close — high beta risky stocks lost 3.8% for the session and the VIX spiked. Whilst this is usually a head fake, as the market seems to always trade up — this time it is accompanied by a mega spike in rates. It is possible you are staring down the barrel of a loaded shot gun at the present and might find yourselves entreated to morning grape shot to your fucking face — wiping that smug grin CLEAN of your odious face.

Ciao.

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IS IT TIME TO ROTATE HEAVILY INTO A VAT OF OIL?

Yes.

Seasonal trends command my attention. We have Brent above $85 — wars looming all over the place, and Joe Fucking Biden mucking everything up. I read the fucking Houthis of all people took possession hypersonic missiles. If true, spot rates for tankers are about to explode higher. I think it’s fair to say, given the recent run in tech, a rotation into basic materials would be welcomed by all — especially since it is by far the most undervalued segment of the market.

I’m already in but will accentuate my basic material holdings before the bell.

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Don’t like the Pin Action

I stepped aside on $BITX because I don’t like the $BTC action today, as the major cryptos give way to some of th alts. It looks like $BTC might come in a little here.

I also stepped aside in most of my positions in trading, save a few, now resting with 75% cash and losses of 39bps. On down days I aim to limit the losses and try again later. This I will do and perhaps we’ll be saved later on by a 20 candle in a row buying spree.

I did have a hedge but I closed it out for quick gains. I’ll endure some further drawdowns before deciding to short the market again.

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