Tuesday, January 8, 2019

Equities: The Fly Has Gone All In

And the bots are asking if they could have a bit more margin please.

From iBankCoin: 
4:08pm EST
THE GREEN LIGHT FOR MOAR HAS BEEN GIVEN — ALL IN
I bought the following in the last ten minutes of trade.
$X, $GOOS, $SNAP, $WLK, $DBX, $SPLK, $WDAY, $PYPL, $FB, $BABA

My cash position has dwindled to a paltry 5%, with a 20% TLT position as a ‘hedge’. Truth is, I am bored and do not want to sit on the sidelines during a period of obvious bullishness.
Will stocks stop going higher tomorrow?

I have no way of knowing that. What I do know is the prevailing near term trend is higher and I have a high conviction that this mood will spill into the opening tick.
This was preceded by: 
2:23pm EST
WAITING IN THE TALL GRASS TO BUY MOAR

Also from The Fly  
9:28am EST
Markets Bottomed on the Exact Day Mnuchin Met with PPT