iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,121 Blog Posts

In Two Weeks Time RAUL Will Host A Free Investors Conference in Downtown Detroit

It’s official.  Forms have been signed.  Hands, shaken. A high-rise event space on Detroit’s iconic Woodward avenue has been secured for our first Detroit investors meetup.  Here are the details:

WHEN: Thursday, August 3rd from 5-7pm ET

WHERE: 1449 Woodward Ave, Detroit, MI 48226

WHO SHOULD ATTEND: Anyone who wants to talk about making money investing, trading, and hustling

PRICE TO ATTEND: Free, $0.00, zero dollars

How TO RSVP: click here

The event is open to the public, but you need to RSVP otherwise you will not be allowed into the building.  I will be talking my book to anyone who wants to listen.  If you are curious about auction theory, we can talk auction theory.  Want to know what parts of Detroit are quietly becoming artsy enclaves?  We can talk real estate.  If you want to talk about short-term trading and order flow, we can cover that too.  This is an open forum.

There will be a few investors among the attendees who are regularly looking for start-ups to invest in.  I am not going to tell you who they are, but if you have a real project with potential to make money, you may want to tighten up your elevator pitch and bring the idea with you.

Overall it seems like we are going to have some fun.  There will be free beer and pizza.  A working tap will dispense all the delicious municipal water you can drink.  Detroit truly has the best drinking water in the world.  There will also be boiling hot coffee to keep you sharp.  If for whatever reason you desire a sugar-laden soda, it will be at your discretion to smuggle it in.  The smoking of cannabis blunts will not be permitted at the conference.

Drop any questions you may have in the comments below, and I will address them despacito.

The Stocktwits Detroit investor MeetUp is being taken to the next level because it has to be done differently in Detroit.  It has to be grimy and accessible to all.  Like lets talk about picking through garbage and selling shit on Craigslist to fund a brokerage account.  The moneys out there, do you have the huevos to go get it?

 

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NASDAQ Makes New Record High Overnight, Here’s What To Watch Thursday

NASDAQ futures are coming into Thursday gap up after an overnight session featuring normal range and volume.  Price worked higher overnight in a slow manner.  Initial/continuing jobless claims data came out mixed at 8:30am.

Also on the docket today we have Leading Indicators at 10am and a 10-year TIPS auction at 1pm.

Yesterday we printed a normal variation up.  The day began with a gap up and after a small drive higher at the open we saw sellers unable to take out opening swing low.  Instead price turned higher and worked up to the measured move target area at 5921 before settling into two-way trade.

Heading into today my primary expectation is for sellers to work into the overnight inventory and close the gap down to 5917.50.  Look for sellers to take out overnight low 5914.75.  Buyers are found down at 5904.75 and two way trade ensues.

Hypo 2 buyers work higher off the open, up through overnight high 5936.75 and continue exploring higher prices.  Look for sellers around 5935.50 and two way trade to ensue.

Hypo 3 stronger sellers press down to 5896.75 before two way trade ensues.

Levels:

Volume profiles, gaps, and measured moves:

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Sellers Trapped By Rising Bid in NASDAQ

NASDAQ futures are coming into Wednesday gap up after an overnight session featuring normal range and volume.  Price slowly worked higher overnight.  At 7am MBA mortgage applications came out stronger than last week.  At 8:30am the Building Permits number was a huge upside beat.

Also on the economic calendar today we have crude oil inventory at 10:30am.

Yesterday we printed a double distribution trend up.  The day began with a hard sell.  Where sellers quickly stalled out, and a sharp reversal occurred, tells a story of trapped short sellers.  It was right at the 68% Fibonacci retracement of the June sell-off.  Sellers failed to engage the market at this level last Friday—we pushed right through it.  Then yesterday the zone was bid as sellers tried to cover their positions.

However, the speed of the reversal off of the 5823 levels speaks to trapped short sellers.

Heading into today my primary expectation is for continued pressure on the short seller.  A push up through overnight high 5905 and a move through all-time highs.  Look for sellers up at 5921 and two way trade to ensue.

Hypo 2 sellers work into the overnight inventory and close the gap down to 5883.25 setting up a move down through overnight low 5881.75.  Look for buyers down at 5868 and two way trade to ensue.

Hypo 3 stronger sellers push trade down to 5858.75 before two way trade ensues.

Levels:

Volume profiles, gaps, and measured moves:

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NASDAQ Calm Drifts Lower Overnight

NASDAQ futures are coming into Tuesday gap down after an overnight session featuring normal range and volume.  Price worked lower overnight and ultimately held inside the Monday range.

On the economic agenda today, we have NAHB Housing Market index at 10am, a 52-week and 4-week T-bill auction at 11:30am, and Long-term TIC flows at 4pm.

Yesterday we printed a normal variation down.  The week began with a gap up and small drive higher. Sellers sold into the move by late morning we spent the rest of the day slowly auctioning lower.  Then, during settlement, strong earnings out of Netflix caused the NASDAQ to spike back up.

Heading into today my primary expectation is for buyers to work into the overnight inventory and close the gap up to 5855.75.  From here we continue higher, up through overnight high 5862.50.  Look for sellers up to 5872 and two way trade to ensue.

Hypo 2 sellers press down through overnight low 5832 and target the naked VPOC at 5817.50 before two way trade ensues.

Hypo 3 stronger sellers press down to 5805 before two way trade ensues.

Hypo 4 strong buyers sustain trade above 5872 setting up a move to target 5894.

Levels:

Volume profiles, gaps, and measured moves:

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EVENT ANNOUNCEMENT: RAUL TO HOST DETROIT INVESTORS CONFERENCE

Listen, if you follow my snaps then you know I cavort about Detroit like some sort of wolf man.  The city holds a special place in my heart because it is shunned by outsiders, much like yours truly.  Investors are moving fast to try and participate in the city’s return to the gilded era.  Where I once could peacefully enjoy brown bags filled with 40 ounces of malt liquor, a private security force now scoots me away.  There is change in the air, and with change comes opportunity.  After nearly two decades of making poor decisions downtown, I have gained an intimate understanding of the Motor City.  That is why I am excited to announce I have been appointed to lead the StockTwits investor MeetUp group.  Because this MeetUp group is about to change big time.  Where once there was a MeetUp group there will now be a conference of hardcore investors and entrepreneurs.  Like some real dirty-type hustle mentality is about to converge in the hood.

First off this event is free.  All attendees can enjoy all the free beer, coffee, water, and pizza they can consume.  And not just any fucking pizza.  The best pizza in Detroit.

I did not have the grades for a proper university.  My old man lived in third-world Italy until he was 12.  I have no American legacy to lean on, so I’m creating a legacy to lean on.

I studied finance in college because I wanted to learn how to invest and trade.  Only one professor in four very expensive years taught me anything about the game.  So I took to the internet around 2006 to find real people in the industry.

The Great Recession came and went.  Charlatans came and went.  I lost money, lost more money, lost more money, then came a long stretch of banking gratuitous amounts of coin.  I still take losses, but they are better losses.

I do it all live on the internet because I live in Detroit, and there are like 12 people to talk to about Wall Street with.

Internet friends are strange.  We talk shit.  Some are kind.  Others are belligerent savages.  We can learn from each other better in real life, and I agree with Anne Frank:

Despite everything, I believe that people are really good at heart.  –  Anne Frank

There are no strings attached to this event. Come hangout with other investors and traders.  It’s that simple.  We have been meeting up for a few years.  Sometimes we met at Benzinga, other times at random restaurants in suburbia (not good).  Now that I am head community organizer, the event will be held in a fresh space overlooking the city that I guarantee you will love.

Stay tuned for more details and a formal invitation to RSVP.  For now pencil in a meeting for the evening of Thursday, August 3rd in Detroit.

Canadians, this is a perfect opportunity to come visit Detroit.  If you want, we can all stack into my van like sardines and I’ll show you the most ultra-violent parts of town.

Writer’s note: It is with great humility and honor that I extend this invitation to you.  The picture attached to this blog entry is me skating through Detroit like I own the place.  I have no idea why they regularly hand me the keys to the city, but it seems a few dots have been connected, and I’m stoked to share everything I know about investing, trading, hustling, and more with you.

 

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Strong NASDAQ Drifts into Monday Flat

NASDAQ futures are coming into the week flat after an overnight session featuring normal range and volume.  Price had a little jaunt higher overnight, inching its way up the low-friction ascent towards prior swing highs but stalled.  There was little interest to participate during globex.

The economic calendar is dead.  Just a 3- and 6-month T-bill auction at 11:30am.

Last week we rallied.  The NASDAQ rallied all week long.  It rallied harder after Wednesday.  Until like Tuesday the Russell was selling.  Then if formed a huge excess low, suggesting lot-o-demand was present.  Then it rallied too.  The US major indices rallied last week.  Here is the performance of each major index last week:

On Friday the NASDAQ printed a double distribution trend up.  The day began with a gap up-and-out of Thursday’s range.  Buyers rejected a move back down into Thursday prices and we instead spent the rest of the day rallying.

Heading into today my primary expectation is for sellers to press down through overnight low 5837.75 setting up a move to target the open gap at 5796.25 before two way trade ensues.

Hypo 2 buyers work up through overnight high 5858.75 and tag the high volume node at 5880 before two way trade ensues.

Hypo 3 strong buyers trigger a rally up to 5821 before two way trade ensues.

Levels:

Volume profiles, gaps, and measured moves:

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White Paper: iBankCoin Labs Is Bullish Again

Greetings land mammals!

Floods comin’

And since the ice caps are melting at alarming rates due to the decisions being made by your new authoritarian media, making money in the stock market is more important than ever.  Said funds should be earmarked for procuring high ground in the United States and building a fully sufficient, off-the-grid compound that can outlast the natural forces that are conspiring against the coal and oil executives in Washington.

Okay let’s talk about the stock market.

There was lots of celebration at the end of last week on financial twitter. It was a bit unnerving.  Fortunately the weekend was upon us, the summer breeze was sweet, and there were more pressing matters—like finding a warm beach and some good friends and family.

After spending Sunday morning in church (the boiler room of iBankCoin laboratory) looking closely at super clean stock market data, raw data from our thousands of sensors deployed throughout the financial markets, the kind scientists at iBankCoin labs formed an objective hypothesis for the upcoming week:

Looks bullish, calm and bullish

Keep an eye on Thursday afternoon.  The Fed’s releasing their balance sheet.  It may be the only matter of business from the Fed that investors still care about.  The rest of their time is spent sunbathing in some coastal town, far from rural America, watching the disorganized middle class work themselves into a tizzy over the latest news bit.

Exodus members, brilliant minds who have assembled to dominate the financial markets, the 140th edition of Strategy Session is live.  A panel of 2 dogs and 1 cat who I pay with food agree with the findings of my report, which will this week only be called a white paper.  Go read why I am so bullish heading into July option expiration.

 

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Twitter Is Bullish Because Jared Yates Sexton Had A Complete Emotional Meltdown Over Don Jr. Tweets

Forget about trend lines and all the other chart charlatanry and listen.  A full-grown human male saw an entire year’s worth of his work destroyed by a single tweet.

A tweet is a message posted to Twitter that must be contained to 140 characters but can also include a picture. Here is the tweet that caused Jared Yates Sexton to have an emotional meltdown in public:

Donald Trump Jr. is the first born son of the President of The United States.  On our planet, the President is considered pretty important, and first born sons are considered important too.

Jared Yates Sexton is an investigative journalist.  Investigative journalists are less important than American Presidents.  They also make less money.  Most humans spend the majority of their life figuring out how to make and keep money.  Some people are really good at making lots of money.  Below is a picture of a human male holding a stack of money up to his ear:

One way humans earn money is by working.  Jared Yates Sexton worked for a whole year investigating whether the President and his first born son secretly worked with Russia when he was trying to win the the Presidential Election.

*    *    *

The Presidential Election is a contest where two people with lots of money are put on a piece of paper called a ballot.  Sometimes there are a few other people competing to be president, but they do not have lots of money.  These few other people never win even through their names are on the ballot.  Everyone living in the United States is allowed to pick a name on the ballot.

These ballots are counted and the person who was picked the most might win, even if they have less money.  It all gets confusing at this point because after everyone picks who they want as American President, a small group of people with lots of money pick the President.  This small group of people is called the Electoral College.

*   *   *

Russia is another place on earth that has its own President.  It also has an election but investigative journalists often say the Russian election is rigged.  Something is rigged when it seems up to chance but a scheme fixes the outcome.  Lots of people in America think the Russians are good at rigging elections.

Listen, Jared Yates Sexton had an emotional meltdown on Twitter.  An emotional meltdown is when is human can not hide their unpleasant feelings from others.  Humans are encouraged to keep their emotions hidden, unless they are envious emotions like happiness.  When a human is happy, they often add a smiling face to their end of their messages that looks like this:

Jared Yates Sexton was not happy.  A tweet destroyed a year of his work.  And so he went on Twitter an had an emotional meltdown.  Here is his emotional meltdown:

Twitter is a business.  The idea behind their business is to create a place where humans hangout, and to then show the humans advertisements.  Advertisements are a combination of pictures and words designed to make humans buy things with money.  Twitter makes other businesses pay money to put their advertisements at the human hangout.  The humans hangout on Twitter, which is on the internet.

*   *   *

Nobody knows who invented the internet but lots of people started using it in the 1990s.  Humans began hooking computers to telephone wires and talking to each other.  Humans agreed it was a powerful invention but not everyone knew why.  And so businesses started trying to make money on the internet.  Humans were so excited that businesses were trying to make money on the internet that they invested in any business trying to make money on the internet.

The problem is, lots of internet businesses do not make money. Twitter does not make money, look:

*   *   *

And so Twitters advertisement scheme is not working even though lots of humans hang out on Twitter including the President and investigative journalists.  And most investors think they can not make money by giving their money to Twitter.  A popular investor on Twitter goes by the name of StockCats.  Since he is popular, lots of other investors reply to his tweets while they hangout on Twitter.

I look at replies to his tweets like a litmus test of whether investors are leaning too extreme in favor or against a business.  A litmus test is a way to test if water is all full of acid that will burn you, alkaline that will burn you, or somewhere in between.

Look at the StockCats tweet and tell me these investors haven’t turned into toxic acid:

90% of humans fail to successfully make money investing.  As an investor in Twitter, I am part of the 90% losers.  I have been invested in, and buying more Twitter for a long time.  When I do the algebra, it tells me Twitter stock needs to be above $27 dollars for me to not be a failing human investor.

Algebra is a way of organizing numbers developed by Arabian people.  It is very useful.  Arabian people are often brown and are known on earth to be excellent merchants.  They also grow some of the longest beards on earth.  Organizing numbers is very important for a merchant.

Listen, Jared Yates Sexton is a very serious, full-grown human male.  Full-grown human males are the last people on earth allowed to have emotional meltdowns.  They are supposed to be champions.  They are supposed to have strong penises.  Beyond how much money a full-grown human male has, they are often also valued by the size of their penis.

We do not know how large Jared Yates Sexton’s penis is, but we do know he is a full-grown adult male because he has a beard.  Also, he identifies as a male which is important in the year 2017.  Therefore we know he should not be have an emotional meltdown.  But he did.

When things that are not supposed to happen happen, the astute opportunist perks up.  I am an astute opportunist.  I look for opportunities to make money.  My fully erect penis swells to just over 7 inches in length.  Money and penis size are how most humans measure my worth.  Being an opportunist allows me to make money by doing as little work as possible.

I do not like wasting time and effort.

Humans are slowly recognizing that time is more important than money and penis size.  Jared Yates Sexton spent an entire year of time investigating Don Jr.  Then after one tweet, Jared Yates Sexton realized he had wasted an entire year of time.

One tweet.

Emotional meltdown.

Writer’s Note: This is in no way meant to be a personal attack against Jared Yates Sexton, nor is it intended to glorify Donald Trump, Junior.  The purpose of this piece is to simplify the reasoning behind why I have become EXTREMELY BULLISH on $TWTR, despite the company not being able to make money.

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Still Neutral: iBankCoin Labs Has No Bias into Mid-July

Greetings from the northeastern coast lands of America.

The air is brisk and smells clean.  The wind is fresh and the water is clear.  While tick infestations have managed to climb into the mid west, pest conditions up yonder are safe.

In town there are 375 different coffee shops offering blistering fast wifi, and with it contact was made with Mothership, which runs on Jet Fuel Only.  Mothership was commanded to make several passes over the financial markets and assess the behavior of the auctions.

While they seem somewhat healthy, no clear directional forecast emerged from the systems.

Therefore we are neutral, and overall just happy to be here.

July is a fine month to explore lands often dominated by arctic winds and hellish ice.  But remember, water always wins.

Exodus members, the 139th edition of Strategy Session is live, enjoy!

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Phase II of The Top-Down Sector Investment Is Live (Video)

Recap:  On Sunday, Exodus market intelligence was used to analyze the last 6-months of stock market behavior.  The best performing sectors were run through fundamental parameters designed by The Fly to isolate companies with stellar financial performance.  Short float was used to narrow the field of stocks down.  Here is a video of the entire process:

NOTICE: Although the video shows me ‘taking a pass’ on ticker HLS, the stock was ultimately added back in.  There are 18 stocks in the portfolio.  They will be held until the end of Q2 2018.

Other Adjustments:  The GARP portfolio was also adjusted today.  This is a members only portfolio which includes 15 stocks hand selected by The Fly.

Past Performance: Phase I of the top-down sector portfolio returned 7.1% in the second quarter.

If you have any questions about any of this, drop them in the comments below!

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