GET READY

China did not disappoint.

S&P futures are +3, eagerly awaiting the delivery of cocaine. If I was a betting man, which I most certainly am not, I’d throw some money on Europe reversing to the upside, gorilla raping any and all shorts within a 100 km radius.

As for me, I am content at +21%, 40% cash, long the things that I am long.

Previous Posts by The Fly

29 Responses to GET READY

gravestonedoji says:

FIG. Once $JPM Announces the MADE $5 Billion on the London Whale trade, Cocaine will be flying out the windows of Wall St.

Reply
Marc David says:

Less reason for QE. Rally and then sell off.

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The Fly says:

There is only one reason for QE and you need to ask yourself this question:

Who will Bernanke vote for this November?

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fake amish says:

Senor Fly would you advise shorting the staples at some point as a pair trade to long the ag sector? If corn goes parabolic the crowded food stocks could blow up quickly. Corn syrup is in almost everything. And the hedgies are hiding bigtime in all the same names.

Reply
FUCKGOLDMANSACKS says:

TAL. There I said enough. And as always… FUCK GOLDMAN SACS

FOR FUTURE REFERENCE that will be FGS. Typing on an iPad sucks

Reply
slimtrader says:

Number was shit. It’s the retail number that has me curious, wtf do you think those fuckers are over there buying? $YUM, $AAPL, 005930.KS? Those god damned aapl puts are going to fuck me up in the am.

Hopefully $JPM’s horrendous guidance will distract the momo-tards long enough for me to GTFO of the way.

Reply
cdude says:

Would welcome a 40 handle gap and go, rip Face Off (no Travolta), arms torn out of shoulder sockets, cocaine enhanced gorilla rally for the ages.
…. hook a brother up….

Reply

Even though CAC Futures are up .80%, I see the lack of movement of the aud/usd off the China GDP in line number. Plus, Shanghai Comp is flat. Brent is at 100.98 which 101 has been holding the line. As I said a few days ago here, 1342ish is the resistance/support with a minor one at 1339..that resistance is holding. My sweet downtrend continues….next stop 1280ish SPX.

Reply
H says:

Senor Fly

IMO, the china numbers were not very strong, but not terrible. Nothing to trade on.

Many indices barely held within rising wedges yesterday. If we can close up and within these today, going long on the close seems a decent short term trade.

It’s make or break today.

Reply
tdstrike says:

Jackson Hole is calling, start accumulating now, the mother’s milk is about to start flowing from the Grand Tetons.

Reply

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