Last week I gave up hope for a large market decline based solely on the date on the calendar. Everything that provided me with confidence about being bearish still persisted, such as the incredibly large amount of stocks down 20%+ over the past 6 months compared to +20%. Depressed yields in the face of a seemingly strong economy and tightening Fed, also led me to be long TLT and utilities. When I sold them and opted for risk, I made a commitment. There is no retreating from that commitment now.
The last time The PPT missed an OVERSOLD signal was in August of 2013. The result was 14 days of agony, before a massive spike. Tomorrow will be day 8 of the malaise and I expect there will be more downside to come.
Today was a confirmation of my original thesis. Bubble stocks are being shattered to pieces, a la 2000. Utilities and TLT are safe havens and the street is wrought with fear. The culmination of these ingredients will lead to the ultimate tradable bottom, at which point you’ll be content with being halfway alive.
You should prepare yourselves for the complete and absolute annihilation of your asinine brokerage accounts. There will be no respite, or pause, only the black flag.
NOTE: I added to my YELP position.
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http://youtu.be/TFltMI93hjg?list=UULqZIDVSLzotsQGp3jWYVJw
LOL @ your note.
This market begins to heal tomorrow. We are sitting on the trendline. In spoos, of course.
we broke it today
No we did not.
We did.
We didn’t.
there’s some ecb decision tomorrow ..i that goes badly expect another -200 pts probably
Nobody knows nuthin.
wait until 1910 – 1920 on the ES futures and pounce like a tiger
Long live Samsonite Hamburgalar!
don’t forget Peter Rotesque, as his pen is missing, still. Unless I am misreminded.
OOPS
THE BULL MARKET IS BACK
Fri Sep 26, 2014 3:57pm
Don’t make me ban you. I tolerate your disobedience to an extent.
Understood dear leader. That was fair game though. When I read the headline at first,, wondered if was sarcastic. However was Pre-Mature
There are an average of three to four intermediate pullbacks in bull markets per year that
average -5% (+/- 1.5%) for 20 trading days (+/- 10 days) and it appears this could be the fourth this
year. Specifically, if last Thursday’s high of 2011 holds, then the S&P could see the 1910 level (1880 to
1941). Weakness could extend to October 16th (Oct. 2nd to Oct. 30th). These averages, since 1985,
encompass outliers that reach -11% and 42 trading days. There are no Market Peak Indicators
signaling, so this pullback is viewed as an opportunity to buy on weakness.
Please make another video, sir Fly.
I have a bunch of these, old ones. I should do a new one
Vix high and S&P low match up @ 3:10…predicting sideway mkt Thurs. and rally on employment numbers Friday.
Who knows, but it looks like it may finally be a decent time to sell some premium. Dare I sell puts in IWM? F it, first move out of the block tomorrow.
It would be awesome if you created another cartoon.
Haha. The capitalism is rotting. Fly, come to Russia, I am expecting you. You don’t want me repeat what I have just said.
Soon I will be working in a soup kitchen.
You can use your iPhone 6 as a ladle
Honestly, adding to YELP? Doesn’t anyone have a simple 20/50 day moving average screen!
Oooh moving averages: the holy grail
.
Trading fortunes have been made with nothing more than Moving Averages !
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Really ALL depends on one’s timeframe !
.
Took a loss on YELP last week, hoping it can catch a nice bounce here too
WHAT HAPPENED TO DEVILDOG? I MAY HAVE BEEN TRAVELING WHEN HE DISAPPEARED