The PPT is registering an OVERBOUGHT on SRTY, with 75% accuracy on past flags. An important jobs report looms in the balance. And, my urinal shadows are telling me to “get long son, get long” in between drags from their cigars.
The stage is set, plebs from the internet, people from weird places around the globe. Those who are betting against me will be turned into dust tomorrow, amidst black flags and homo-hammers. An amount so great, it will melt your face to the ground at the mere sight of it. At this point, I forgot what I was meaning to write about; but it doesn’t really matter. Although I lost money today, I won. So many of you cock-gobblers were lured into shorting this market today, it will be a joy watching you turn into ghosts tomorrow morning, like a grandfather watching his grandkids ride their bicycle without training wheels for the first time, when BETTER THAN EXPECTED jobs numbers rips the skin off your forehead, tearing your skull away from your exceptionally small brain.
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No Rick Ross?
The PPT FTW!!
Sir I MUST CALL HOGBALLS on this whole situation.
That said, i pussed out and didn’t buy anything nor did i sell anything today. I sit mostly hedged, largely in cash, but net long into the drill tomorrow. I’d rather be long than short, but i wanted a little more selloff today and didn’t get it.
Now, I’ll hope for a bad report, but not too bad mind you, a knee-jerk selloff, and then for The Bernanke to rip the heads off everyone for the rest of the day.
I will buy any knee-jerk selloff. If the report is indeed better than expected, i will simply buy higher as we will go much higher.
I am more in agreement w. Hugs here (God help me) in regard to the sell then buy, but I’m only giving him a “green thumb” for his use of “Hogballs” in a sentence.
________
after re-reading my statement, “hogballs” was really the only redeeming part…
Go back to shit-posting on yahoo.com, no one cares about your 4 figure positions.
guess i must have hurt your feelings somewhere along the way…..here, let me get you something to wipe your gash with.
comical. from one four figure position to another.
This comment is on fucking fire!
This comment is on fucking fire!
This comment is on fucking fire!
This comment is on fucking fire!
This comment is on fucking fire!
This comment is on fucking fire!
sorry, I couldn’t get my comments to do that and I’m feeling left out
sounds like you are hedged for zero net gain. Good job.
why go to cash when you can make it a lot more complicated and expensive.
Groupon my hardon !!
(can’t believe he let this ephus pitch get past him)
Groupon my WNR!!
Congressman Weiner!
__________
Congressman Weiner must have a cell phone like Brett Farve!
I bet both phones have touch screens.
Made a little coin shorting, and while
waiting for the PPT to go sub 2.6, which never did,
made a little coin on the long as spy looked like it hit bottom.
Where’s the sub 2.6 signal ???
It’s coming. Don’t you worry.
Morning low then the shorts get their faces sandblasted off!
tomorrow will be bleh. no one goes heavy on fridays
Nailed it.
actually, we are due for a [an?] HORRENDOUS jobs report. the kind that smashes it down 500 Dow point before, God Rest His Soul, Mark the CNBC guy has got back form taking his piss, causing all manner of Conflagration, as the roll of toilet paper rolls after him out the loo door; the pretty little girls on CNBC look all bothered and talk about…. blah blah blah and call “Unc’ Warrn”. We are due. We are due. Just sayin’.
I like your screen plot, but you’re wrong on the finale.
I can’t believe I am about to say this but the jobs numbers should be great tomorrow. Last month Mcdonalds hired 50,000 people. They missed the April cut off and will be included for May. Looking forward to a tits ripping rally tomorrow.
LOL mickey dees… Great place of employment
Just like a scorecard in golf, they don’t ask how; only how many.
Hope those new employers survived the in-house store violence instead of being counted as terminations resting in the local morgue.
They are considered “no longer seeking employment”. This also helps future unemployment figures. Win-win.
Indeud.
Can’t wait to watch tomorrow. This print is HUGE.
Everyone is expecting an “end of the world” like bad number following ADP so anything better than this will likely spike the markets.
I hope the Greeks go postal tomorrow when they find out they were just fucked for a second time by the banks.
It’s time for these Greek fucks to start throwing slices of pizza in the faces of their politicians “Fly Style” as they tell the banks to go pound sand on their “bend over and let me fuck you” bailout.
Been following TRF for two years now – dude keeps it real 24/7 – still eating filet mignon off of FTK. PPT well worth it…
bot a little spy today, will fade rally tomarrow..
Oddjob? Mini-me?
Here’s an entire movie about a little spy.
http://www.youtube.com/watch?v=M5KeUMxyAwM
Just watch from 2:20 on. It will impress. Unless you are an idiot.
OEW Daily Summary:
Today’s early selling pushed the SPX to a new downtrend low at 1306. This low is still within the 1313 pivot range, and also within the 1303 pivot range. The three OEW support pivots (1291, 1303 and 1313) are so closely bunched together they offer significant support. In fact, the SPX first entered the OEW 1313 pivot range over two weeks ago on May 17th. It has held support ever since despite the slightly lower lows.
Technically we are observing some interesting relationships at this juncture. The first decline, which we labeled Minor A on the SPX hourly chart, was 52 points (1371-1319). After a Minor B wave rally to SPX 1347 the market has done another ABC decline. This second decline would equal the first at SPX 1295 (1347-1295 = 52).
Another observation would suggest equality between the A and C waves of the two ABC’s. In the first ABC the A wave (42 pts.) was about equal to the C wave (40 pts.). In this second ABC, at SPX 1306 the C wave is 39 pts. while the A wave was 35 pts. Again near equality. Both relationships suggest support between SPX 1295 and today’s low.
Applying Fibonacci relationships suggests support at SPX 1310: a 50% retracement of the recent uptrend. Then support at SPX 1296: a 61.8% retracment of the uptrend. The last observation notes the positive divergences on the SPX/DOW daily charts, while the NDX/NAZ have failed to make new downtrend lows. Some positives and good support between the OEW 1291 and 1313 pivots.
what ever the hell OEW is, it sucks and is boring.
I am pretty sure it is an Elliot Wave Analysis.
Another tool.
I noticed that this was the second time that “The Stage is Set” was used as a title for a post generously noted in the url. The last time these words were typed over top the grotesque cuneiform comments of fortune masqueraders on this here blog was July 1, 2010.
Listen to me carefully as history knocks off your nerve endings like solar spheres and zips through your neurons tying your dendrites in knots. It was Thursday July 1 and The Fly said Friday’s numbers were meaningless as a bounce was imminent. You know what he was holding then? Motherfucking CLF and then he bought DE (which was only proposed today). Over the course of the next seven days the S&P rose 6.72% and ripped the fucking faces off bears eating salmon dinners. Now their bones are used as a xylophone for all of Devildog’s woodland friends to enjoy.
Good day sirs.
Nothing a little anesthetic-to-eye-ball roll can’t help. Just find a Dr. Murray.
“Listen to me carefully as history knocks off your nerve endings like solar spheres and zips through your neurons tying your dendrites in knots. ”
Finally, Fly’s ghostwriter is revealed!!
Mr Fly, do you ever short a stock?
All I did was short stocks in 2008.
I just feel my time is better served long now.
Without a true bear market, it is very hard to make money shorting stocks…hence the reason the billionaire short club is much smaller than the billionaire long club….although they act smarter.
Variations of long works better….the Fly knows.
Inflation baby. You can even lose while you win. Going short into Ben’s beard is just gay.
Fly, I’m going to have to disagree with you…I think the jobs report will be somewhere in the ballpark of the ADP junk report, but that report (or some other catalyst) will send the market lower. This thing feels like it wants to see 1300 this week, which means one way or another we see 1% down by the close.
With that said, I did no trading today and have not positioned short ahead of the report. Should the market rip higher, I will tip my hat to you and watch in amazement.
No balls, no babies
Good jobs report? Bad jobs report? How about, Shaq moves back and become Sheriff of Windermere, FL.
Maybe he will remove the speed trap in that town and shake up the old coots who have lived there for about 100 years.
So i take it nobody has read Going Rogue by Sarah Palin? If you did, you would all take a bong hit for Jesus and relax a little. We will all be rich tomorrow.
i’m in.
API Technologies Corp (Public, OTC:ATNY), this stock is going to double in the next 6 months. They just completed the purchase of SPEC.
Mr. Monkey, do you follow the industry as a whole or just ATNY? I ask because a couple of weeks ago I was thinking ANAD was oversold like a mother fucker. This was the day it put in its low (I got evidence from Analyst Bomber to support this).
Still room to run or is it about to resume its death spiral?
Actually I want a good big BTE jobs numbers tomorrow. If it is good then the Clam continues to lose his power….the bottom of the US Dollar was from last months good numbers.
You know what is really going to fuck you up? When the dollar starts to gain strength because the economy is so bad ass. Think mid to late 90’s. The dollar was strongish and the markets went up every day. What you going to do then?
Po….Dollar can go up on a good economy. Yet,This is not a good economy and stocks should not be up.
Somehow you believe that the 2009 lows are what has to happen in slowdown. We should have never been there in the first place.
Mark my words, this will be the goldielocks recovery, not too hot… not too cold. Ebbs and flows, this is just a temporary pause in a larger move higher.
Question, do you actually trade currencies? Or just watch them? If you’ve been short all this time, how could you possibly still be solvent?
Do you think David Tepper would really bulldoze a 45mil house just to build another if we are not in a good economy? OK don’t answer that one.
This economy is definitely a haves and haves not economy. The rich are having a grand old time, meanwhile everyone else is still suffering in their personal depressions. Just need to be on the right side of the coin.
You are half right. Economy is not good, but stocks can be up (in the presence of inflationary pressures). Real gain vs. Nominal gain etc.
In 2007/2008 I read conf call after conf call how USA was horrible and the rest of the world was great./record breaking and I pondered….what would happen if ROW stopped. Well, I found the answer…and I learned that Micro bottomsup didn’t tell the whole story. Now I saw how the global govts flooded the world with money and how so much money went into commodities as a play of inflation..supply/demand is out of wack…the truth will come out when the stimulus is removed around the world….nope I just follow the FX market, I use etf’s.
I enjoy seeing Le Fly finally speak with conviction…not to mention he started buying some four letter words today.
In sum — he’s baaaaaaaccccccckkkkkkkkkkkkk.
Seeing as the jobs number estimate has been slashed in half in about 3 days, I would hope a beat is in the cards. Geez, how much easier can it get?
Get long TZOO until groupon Ipo and then run like hell from that shit.
eventually the job numbers will have to be better because eventually people will give up looking!
market action is similar to August 2010 Or June/July 2009 in that it failed the head and shoulders, then bounced up and ripped the face off.
Whether or not the failed follow through on H+S turns into a rip your face off rally remains to be seen
OK – PPT shows SRTY as Overbought, cool. It shows TZA as a Strong Buy and TNA & IWM as a Strong Sell. How does that work?
Time frame differential has established ranges that are viewed differently.
For example: TZA has been in the system longer than SRTY.
We are developing new tools that will allow you to shorten the duration.
Makes sense. Thanks Fly.
I hope the Fly is correct. I bought a shitload of UPRO before the market opened,and then took off on a trip up the coast to deliver a stove to a rental cabin on the Pamlico River that’s now worth half of what I paid for it. Those 3X proshares can get really ugly when betting the wrong way on the market.
I turned off Bloomberg on my car radio when the DOW was down 91 points. By that time, I was down so many thousands, that I wanted to puke.. It was nice to come home from that fish camp to find out that I was only down a few hundred dollars after the market came back.
If the market opens up big tomorrow, I’m dumping. If it doesn’t, I’ll have my Fly swatter out..
after tomorrow open you be livin’ in van down by rivah.
ok, bought a nuwave oven, mrs razor and i will be eating chicken tonight, i sell the rally tomarrow( if we rally ). then if the rally continues we will return to eat crow.
I’d like to see a down morning that turns into the typical Friday afternoon rally higher.
After that, who gives a shit.
Look at this decade and how the face of the market is changing.
Emergence of Netflix.
The biggest IPOs of all time from
GM 2.0, (the company formerly known as government motors) (2010)
Agricultural Bank of China (2010)
AIA (AIG’s asian IPO) (2010)
VISA (2008)
LNKD (2010) Okay not big in market cap but still.
social media looks to be next…
TZOO,Groupon, linked in, facebook ,zynga, (Zillow?)
Banks still allowed to speculate with savers money, otherwise, where would all this money come from?
Real estate entering the toilet flushing vortex as banks are too busy playing “guaranteed riches” with each other, where losses are insured.
Rapid emerging nations and emerging middle class around the world while technology continues to boom and oil prices boom and the death of MANY necessary natural resources to support this way of life is around the corner in just a few decades at this rate.
Government pork at all time high and debt up to the ceiling. Credit contracting from 2007 on for the first time… probably ever in the US. QE1s 2s and possibly 3 and so on.
Moral hazard at all time high.
Baby boomers reaching retirement age and entitlement spending as ponzi schemes of the government finally start to reach their endings.
3 wars and possibly one with Iran brewing and shennanigans going on with hackers and potentially blaming China.
Japan’s nuclear plant…
Election year in 2012 with a very divided nation in terms of ideals moving forward.
etc
etc
etc
DAMN this decade is going to be one for the books and we’re basically only a year into it.
I like when the stage is set:
http://revolutionarypolitics.tv/video/viewVideo.php?video_id=15203
That was one of the best links for 2011. Danke.
Funny and yet not amusing.
U R back, John. Good to still have U. I like reading your perspectives, articles etc.
then why are you driving in my country
Shameless promotion of logitech /zagg iPad casing.. Looks pretty cool.
Real cool. Best keyboard case on the market.
margin requirements of S&P futures are being reduced significantly, get ready to rally
Does the grandfather turn into the ghost? The grandkids?
I can tell you were really on edge when you wrote this post. I hope the jobs reports kills grandpeople everywhere. I’m with you, whereever that is.
-DT
The grandkids get it
predictions: I predict your predictions will be correct at best 50% of the time. Continue on.
BANNED
statistical inevitability.
The PPT is also showing TZA going from sell to strong buy today
so the indicators we have on PPT seem to be contradicting themselves here
http://screencast.com/t/hE4NSWERGrf5
read the comments this has already been addressed.
different question
TZA and most inverse are rated buy-st buy. SRTY is rated st buy. However, the aspect of the algo that I am talking about is OVERBOUGHT, which is essentially an overheating indicator.
Get it?
Fly, the futes are looking mighty red. It may take an overnight miracle in Europe or some low unemployment figures to turn this market green. At the moment, PPT is looking like an acronym for Poor Prognosticating Techniques.
It never read oversold.You have reading comprehension issues.
Nevertheless, we trade up by Tuesday.
“You have reading comprehension issues.”
This is what I read,–Fly says:
“And, my urinal shadows are telling me to “get long son, get long”
Right now, your urinal shadows only reflect that you are hung like a hamster.
“Those who are betting against me will be turned into dust tomorrow”
Futes way down, Fly. It looks like it is you and your hamster hammer that are headed for the dust bin.
The damn /ES is down all of -3.00. Whoah… watch out below.
All that matters is that the Vancouver Canucks won last night people. Headed for the cup. What a game !
Dirk Nowitzki: MAGNIFICENT!!!
I like any team that beats the team LeBron plays for.
He is a narcissistic jerk.
buyin, mpaa, small pos
I have seen the future and they all appear to be lower!
u r a psychic, sir, how do u do it?
He watched the tv Wed. Not a big fucking surprise.
fuck me!
numbah not too bad. you live today. just crap you dipah.
not sweatin fer me, but the outlook is grim. today anyway, just thought the numbers would be better. plus the number r going up in unemp. not even or down…
Fly buy TNA at the open?
Finally! A huge buying opportunity!
Hope and change on center stage this morning.
futures appear to be contradicting the great fly analysis …
Congratulations to all of the cock-gobblers who were lured into shorting this market today!