Kiss The Ring
Okay it’s not that I can read minds, walk on water, predict the future, or undo bras with the power of my mind. My only claim to fame is that I am damn bloody good at reading the tape.
All Posts by Mike
Houston We Have A Short Squeeze!
Last Friday morning I promised you a shortsqueeze and we didn’t have to wait long for the market to deliver. What was supposed to be a mere 50 SPX handle week (based on the weekly expected move) turned into a 110 handle rocket launch.
Don’t Listen To What They Say
If you plan on surviving for more than a year as a trader then there is one enduring quote by Winston Churchill that you should ingrain into your cerebral cortex and remind yourself of every single day:
Blood In The Water
The concerted U.S. crypto smack down seems to be picking up steam. Which is always a great time to start loading up on some coin, assuming of course you’ve got the brass needed to fade the blood in the water and take a dive.
Silly Goat Market
Stocks on Wall Street continued their upward trajectory, moving further into bull market territory, as newly cooked up data revealed a slowdown in inflation. Which will probably be revised upward next month, but I digress 😉
All Your Coins Are Belong To Us
Well, that didn’t take long. Binance.us, the American affiliate of Binance, has filed a defense ahead of today’s hearing regarding a proposed freeze on its funds.
Who’s Afraid Of The Big Bad Wolf?
Bitcoin and most major crypto currencies dropped lower over the weekend as early dip buyers decided to cash out and wait for further instructions.
The VIX Is Too Damn High!
Just last Friday I was pointing out that the VIX was still too damn high. It’s rather obvious that with trillions in Dollars added to the federal balance sheet in just over the past two years, a two front war on the horizon, the global supply chain in tatters, de-dollarization picking up steam across the global South, credit markets facing a wave of defaults, inflation on the rise and growing steadily, plus more bank failures looming ahead, we should clearly be seeing the VIX at single digits at this point.
All Insane On The Western Front
Last Friday NVDA managed to single handedly crush the hobby bears, collectively driving them out their positions, and taking much delight in their anguished lamentations.
Profit taking encouraged.
Gravitas Launch Day
The time has FINALLY come!! Today is launch day for GRAVITAS – my revolutionary trend trading system which will allow you to DOUBLE your money this year from crypto.