Fly’s Lab is Predicting Grave, Hideous, Doom

Inside of The PPT, I have a special screen to identify early breakouts, fixing the algorithms to search out a particular geometrical formation. It’s a sideways, consolidation, pattern that portends to a great many breakouts. Members of the club know exactly what I am talking about. You can access the screen by clicking here (members only, bozo).

Go to Chartpin.com to acces Fly’s Lab Top 10 picks.

I’d like to break my computer brain into a million pieces now. Nonetheless, even if we dip, it’s going to be short lived–as we have a finale to undertake before the United Steaks of America pays their fat taxes.

The technicals of the market have deteriorated appreciably over the past week. We’re not at a point where the market is oversold. As a matter of fact, the current trend is just fine, going up. But there has been an undertone of weakness, easily detected by my vast array of super computers inside of The PPT.

Here are 10 technically oversold stocks and 1 overbought ETF. This is a 12 month algorithm, meaning each time the stock hit these levels of the past 12 months, XXX happened. Moreover, the holding period is 5 days, so if they go down tomorrow or the next day, shut the hell up about it and read the freakin’ post.

And the sole notable overbought ETF.

Yes, VHC is at the top of the list. No, I didn’t make it go there.

I am doing rituals, killing goats on altars, smearing blood all over my face, making offerings to the Gods. I command thee to TRADE UP and smite thy short sellers, yonder, into the basements of hell, where they shall be hit by lightening bolts (ignore physics please), repeatedly, and devoured whole by wild boar.

“The Fly” doesn’t want to lose money, if even for a single second. He wants to make money all the time, at the expense of others– in this case short sellers.

However, let it be noted, these policies do not apply to distinguished gents who might be betting against “low brow retailers”, broken toilet bowl cruise ships or any company who believe their product will displace the US dollar (miners).

Off to the hardware store to get my Bob Villa on.

The ECB just announced they’ll back Cyprus under existing laws. The market shot higher, as a result, sending the bears into lunatic asylums. I don’t know what to make of this development. But what I do know is crises are used to fuel future squeezes higher. Shorts keep getting lured into traps. When will they learn?

In an amazing turn of events, in the time it took me to write that first paragraph, the market reversed again, lower, releasing the bears from the asylums to run about wielding claw hammers and empty suitcases, where they will chop up people and place them inside.

I’m down 0.44% as I write this. I fully expect volatility. Nothing comes easy. I have shorts in JCP, AG and CCL working; but there’s one last finale in this tape before we dive lower.

We might trade down for the next week or so. But it will be temporary. Get long into the blood, for it’s a trap. Benjamin Bernanke is waiting for you suckers to sleep on him. He’s gonna drop bombs on the bears before the tax deadline.

Bank on it.

I was feeling optimistic this morning. I had the plumber in my ceiling, punching holes through the sheetrock, putting in new copper piping. My stocks were all ripping higher off the better than expected housing numbers. Then the bastard orphans of Greece (Cyprus) and ruined my day. Literally, I went from being +2% at 10 am to down now. I don’t even want to look at my intra-day profit and loss. Simply speaking, it’s too much to bear.

For me, nothing changes. Ben Bernanke still has the biggest blunt on the block and Obama isn’t going to change a damn thing that might inhibit his swagger. We need to keep up with the Joneses and buy some new intercontinental ballistic weapons systems to show those third world peasants who’s boss.

RAS is most depressing for me. After seeing it so high and mighty, sitting atop a throne with a crown on its head, I now see it cavorting around like a monkey, in the sewers with the rest of the tribe.

Downright depressing.

Looking forward to my day ahead, I need to head over to buy some paint, for the sheetrock guy will be here in the AM and he doesn’t paint. Therefore, Le Fly will take to the brush and do the deed himself, believe it or not.

This is an obvious one.

CLF is getting hammered. Apparently, China no longer needs their iron ore for their ghost cities. The bonds are still trading above par, with the 2040’s just about even. I’m not sure what the market is saying by hammering CLF. Both CLF and WLT have been serial underperformers, which is the exact opposite of what they should be doing if China was really growing at 8%.

I’m not a buyer of any stock that is heading lower. I am, however, intrigued by the carnage in CLF, as it is a strong tell for what those lying Chinese bastards are really doing.

I started a position in ZAGG, for the squeeze.

You are not permitted to argue with mathematics.

Groundbreaking to build homes rose in February and new permits for construction climbed to the highest level since 2008, a sign the nation’s housing market recovery is gathering steam.

The Commerce Department said on Tuesday that starts at building sites for homes rose 0.8 percent last month to a 917,000-unit annual rate. That was in line with analysts’ expectations of a 915,000-unit rate.

Starts for single-family units, which comprised about two thirds of the total, edged up 0.5 percent to their highest level since June 2008.

Permits for future home construction rose to a 946,000-unit rate, also the quickest since June 2008.

The housing market has regained some footing after a historic collapse that helped push the economy into a deep recession.

Home building added to national economic growth last year for the first time since 2005 and Tuesday’s data reinforces the view that it will provide stronger support this year. That could help counter the drag expected from tighter fiscal policy as Washington works to shrink the federal budget deficit.

“Home building continues to recover and add to the recovery,” said Gus Faucher, an economist at PNC Financial Services in Pittsburgh. “The rise in permits suggest we will have a solid spring.”

Source

“The Fly” plays “the wall board”, very long Warren Buffet’s very own housing play, USG.

I also prefer BZH over the other builders because they are smaller capped and in the midst of repairing their stupid balance sheet. Back in the old days of last week, my largest position was BX, largest corporate owner of residential homes in the US. After them, PSA is steadily increasing their exposure, storing human beings for a nice return.

Lastly there is my largest position, RAS, who are commercial RE lenders, investors and managers. This company is in the midst of revival, penis hanging out, running around town with cocaine on their faces (absolutely no homo, don’t even think about it). RAS just increased their divvy. Expect more of that in 2013.

They’re all on vacation, chain smoking cigarettes, doing ridiculous dances with plates on their heads.

But one man took a stance. Once man is going to drive his freakin’ bulldozer right through the bank until he gets his dough.

The rest of Cyprus are at a rave.

You’ve lost your minds, because this, clearly, is a big lie. As we speak, the JP Morgan conspiracy to make silver free grows bigger.

U.S. District Judge Robert Patterson in Manhattan said the investors, who bought and sold COMEX silver futures and options contracts, failed to show that JPMorgan manipulated prices at their expense, including by amassing huge short positions that were not justified by market events at the time.

In a decision made public on Monday, Patterson said that while the investors showed that JPMorgan had the ability to influence prices, a fact the bank did not dispute, they failed to show that the bank “intended to cause artificial prices to exist” and acted accordingly.

A lawyer for the investors did not immediately respond to a request for comment.

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