Winter is back to ravaging the arctic northern plains. Ambitious insects and birds, leaving the safety of their nests too soon, have seen their hearts ripped out by arctic spears to the center mass. The human spirit is ebbing after an unexpected warm reprieve blew away. Bulls have had a big drink from the sweet chalice of victory, enough to make casual onlookers begin to ask questions. All these reasons, and the ones outlined below, are why iBankCoin Laboratory is issuing its first bearish bias of 2017.
The Snapchat IPO and Trump’s unifying speech to congress were enough to gain the attention of the people who are typically aloof when it comes to Wall Street. Some are beginning to suspect “dumb money” is filtering back into the exchange.
Next week is roll forward, meaning on Thursday active traders will stop trading March index futures, and begin trading the June contract. That means compiling accurate volume data from Thursday to next Friday is cumbersome without powerful resources–the type of resources often found on institutional desks. It is a time ripe for shenanigans and loose movement, to catch the smaller traders flat footed.
Resident investigative journalist and internet digger ZeroPointNow discovered some Kek-like occurrences happening on the 4chan boards that foretell of market turmoil to come.
The NASDAQ Transportation index may have printed a failed auction last week. It confirmed slightly, but another hard move lower would affirm the picture more, see below:
Most importantly, the IndexModel, a love child of auction theory and Exodus algorithms is signalling Rose Colored Sunglasses (RCS), a condition so diabolical, so intoxicating, that it often blinds the majority of investors from the erosion occurring under the surface of strong indices.
For all these reasons, for the blind loyalty to US markets, for the insolent desire for global warming, and the despicable migration of humans across the world, iBankCoin labs is issuing a short bias ahead of roll forward, ahead of the Ides of March, and with a bit of luck, ahead of the next negative news cycle.
Exodus members, inside the 121st Edition of Strategy Session, which is live now, we look closely at the decay and rot happening in the stock market, and also discuss what to look for in the upcoming week to add conviction to the short bias.
Go check it out!
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