Stocks were way oversold and short sellers got a little ahead of themselves—just a little bit. Just yesterday, I was buying United States Steel Corporation (X: 45.9398 +4.20%) due to PPT OVERSOLD readings. To be honest, as opposed to outright lying to you, I felt bad buying it. I felt as if I was doing something wrong, similar to being late to a super-duper-grouper important job interview. You know that feeling in the gut that makes you feel like shooting yourself in the face with a howitzer? Yeah, that feeling.

Fast forward one day, I’m back inside of the U.S., kicking old fuckers down empty elevator shafts, while banking “fuck you” coin in the market.

Into this melt-up, call me nuts (see if I care), I like Spain, via (EWP: 40.58 +2.94%) . And, I like my usual suspects: POSCO (ADR) (PKX: 114.02 +5.35%) , Ctrip.com International, Ltd. (ADR) (CTRP: 30.69 +0.49%) , (CBD: 69.20 +4.11%) , CGG Veritas (ADR) (CGV: 24.565 +4.84%) , ICICI Bank Limited (ADR) (IBN: 34.41 +2.44%) , SandRidge Energy Inc. (SD: 8.56 +2.27%) , Masco Corporation (MAS: 14.35 +2.14%) , Cummins Inc. (CMI: 51.97 +3.71%) , TEKELEC (TKLC: 14.49 +0.56%) , United States Steel Corporation (X: 45.9398 +4.20%) and Nucor Corporation (NUE: 40.7801 +3.06%) .

Some new stocks on my radar, all thanks and praise to the beta version of The PPT’s 2.0 overbought/sold indicators include: (RINO: 19.72 +2.44%) , (TYH: 123.91 +3.78%) , Microsemi Corporation (MSCC: 15.15 +1.13%) , Duke Realty Corporation (DRE: 10.91 +0.74%) , Altra Holdings, Inc. (AIMC: 10.17 +0.69%) and (NLR: 20.7989 +1.71%) .

In short, Le Fly is back from his Romanian cottage, where he fended off local homeless guys who wanted to fleece him of his sheep. YOU MAY NOT TAKE my sheep, fuckface, for they are mine!

“We’re not scared.”

-Lunatic, 2010

Just to get an idea where the hot money is flowing, here are the top 25 performers of 2010, minimum market cap of 100 mill.

1 CITP
2 TUES
3 HDIX
4 MMR
5 CNXT
6 BFRM
7 PCYC
8 LAB
9 MAPP
10 MSPD
11 BARE
12 TKTM
13 BBEP
14 ZION
15 GNVC
16 PRXL
17 PVTB
18 SIRI
19 SASR
20 LYV
21 EK
22 SGI
23 IDIX
24 KTII
25 HTX

And here are the losers.

1 TMS (VOID)
2 YTEC
3 JTX
4 CTIC
5 MED
6 CIIC
7 GY
8 HTCH
9 TSFG
10 XOMA
11 BPZ
12 APWR
13 GAP
14 GRO
15 BQI
16 QXM
17 KONG
18 UQM
19 NLST
20 MVIS
21 BWEN
22 ICXT
23 NTRI
24 TNDM
25 NBG
26 LAD

Enough of this torture. “The Fly” is blogging from his local airport, on his way to a small cottage in Romania. There is no hope left here in the markets. As a result, I’ve decided to live a simple man’s life, tending to wolves and sheep alike, while running throughout the green fields with nothing more than a burlap sweater and velcro pants on my person.

The stock market is a rolling tragedy, afflicting one generation after another. It’s a legal form of gambling, whereby complete fortunes are lost due to “market corrections” or “awesome melt ups.” Life should not be about amassing obscene amounts of coin, in order to buy influence and power—thereby crushing mortal enemies in the process. I propose living on a farm, with pigs and goats, harvesting grapefruits, alfalfa and other important “ingredients of God.”

As an aside, I initiated a position in United States Steel Corporation (X: 45.94 +4.20%) today. Obviously I am a glutton for pain.

The bottom line: there is nothing else left for me here, in these stupid, backward United States. I endeavor to live a cleaner and more hostile life, on the outskirts of Romania’s fifth largest city.

Good Day and good luck,

Fly

Well I am back from my afternoon rendezvous at Whole Foods Market, Inc. (WFMI: 28.0596 +1.70%) . I spent nearly $500 on just over 4 paper bags filled with “delightful delectables.”  Since I’ve been away, the market has gone down, then up, only to go back down again aka “the circle jerk.” Despite my favor, POSCO (ADR) (PKX: 114.02 +5.35%) is being poleaxed. The sheer destruction in the metals is like watching two drunk drivers crash into each other, with boxes of dynamite in their respective trunks. Nevertheless, I remain steadfast in my “longship.”

There is an absurd amount of snow on the ground vis a vie GLOBAL WARMING, a problem that will only get worse. On this news, I like rock salt maker Compass Minerals International, Inc. (CMP: 69.60 +6.58%) . If it was up to me, I’d drop large quantities of rock salt on the polar ice caps, in order to melt those (mother)fuckers down, just because it’s cool (pun intended).

Expect morons to control the tape into the bell. Today “should” have been a big up day. However, for some reason, the robots at Goldman Sachs are angry and refuse to jack the markets higher. So, for now, we’re stuck with a retail dominated tape.

NONETHELESS, I still like SandRidge Energy Inc. (SD: 8.55 +2.15%) , Flotek Industries, Inc. (FTK: 1.44 +3.60%) , POSCO (ADR) (PKX: 114.02 +5.35%) , Ctrip.com International, Ltd. (ADR) (CTRP: 30.69 +0.49%) , United States Steel Corporation (X: 45.9398 +4.20%) and Nucor Corporation (NUE: 40.79 +3.08%) .

Here we go again. Fucking Titanic trading here on Wall Street, as HUGE worries over sovereign debt permeate the small brains of big money managers. Portugal and Greece can suck my cock. I could care less about their plights and how fucked they may or may not be. I say ” feed them to the sea lions”; and let the rest of us go about our business. With this early sell off taking hold, it appears the bulls are in for a BURLAP SURPRISE (no idea what the means, nor do I care).

Aside from eating excessive amounts of oatmeal (lightly sweetened, heavily milked), “The Fly” is preparing to leave the office and go shopping. I will partake in odd Monday mornings events at Whole Foods Market, Inc. (WFMI: 28.0425 +1.64%) . Instead of being be at the office talking to idiots, I will be browsing over produce section at “The Whole”, pondering “melon versus grapes.” Then, I will mosey on down to my local chinese grocery store, where I will purchase chinese style bowls and fucking chopsticks. The truth of the matter is, I’ve given up coffee for an undetermined and undisclosed amount of time. Perhaps I have a very mild case of dystonia, whereby consumption of large quantities of coffee exasperate underlying conditions. Or, maybe I just don’t feel like being a fucking slave to my Keurig. Either way, “The Fly” is off the caffeine dragon.

As an aside, Citi initiated POSCO (ADR) (PKX: 114.02 +5.35%) today with a $152 price target. You got to love Korean steel, down at these levels.

Bottom line: the market is always stupid, retarded and wrong. Stay on your fucking game plan and watch out for caffeine overdoses; it’s a killer.

P.S.- Don’t touch the watch.