Prepare For the Jackson Hole

Today Fed’s Powell gets to tell the world his ideas on American interest rates at the lovely summer resort dubbed Jackson Hole. These are decorous affairs, attended by only the best in finance. If you haven’t been invited, it’s because you’re persona non grata.

Today will most likely be another fun-filled Friday of market eloquence and sophistication — providing the finest people in America will capital gains. Being in a 60% cash position, having just booked tremendous gains and being up very handsomely for the year, I’ve been known to take it easy on Friday’s — amidst the coffee and the sandwiches. “The Fly” spends his time celebrating winship and when he’s not celebrating, he’s plotting.

Today’s speech will be a giant nothing burger, as is the case with almost all forms of news. Nothing in the physical world deter the virtual world of stock market chicanery from achieving greater heights.

Off the success of recent down ipo, JG, I stepped into a small position in CANG — another down Chinese IPO.

I’m looking for a modest 30% win by tomorrow, else I’ll toss myself into a lit fireplace.

While most of you spent your summers at the beachside in Nantucket or Newport, Le Fly was busy getting rich. You missed out on all of the fun, as junior at the trading turret kept losing for his master, day after day in hilarious fashion.

Meanwhile, I used the tools available to me in Exodus to go on a winning streak for the ages. Maybe I’ll recount this summer in a short book to replace that utter trash and disgrace of a book, Reminiscences of a Stock Operator — which was written by a complete psychopath and illiterate.

These are the halcyon days of chaos, where lesser men fall into traps and get their legs snapped off for sport. Over the past several weeks, I quietly and humbly partook in a journey into the inner depths of the SAAS space and came out the other end a complete winner. All those who bet against my success now remain headless and without cocks.

It was a wonderful and joyous occasion to trade with you this summer and I hope you learned plenty and took me up on my 1 on 1 demo offers; but all good things must end and I must be getting back to drinking gimlets and acting irresponsibly with my money. I’ve been an austere and ardent fixture of the market for 20 years, obsessively and compulsively learning new tricks in an effort to outstrip my many devilish enemies. I reckon with this recent foray into swing trading, stacking up an outrageous record of 60 for 63 between my beginning of summer streak and the end of summer bonanza, I’ve etched my name into the hallowed halls of the greatest stock traders who’ve ever lived on this god forsaken cesspool of a planet. Wherever said halls reside, please direct me to its locale so that I might etch.

I cleaned house today, selling most of my holdings, save a few. I am now ~60% cash.

GOOD DAY TO YOU.

My record

End of Summer

SOXS -5.3%
IIIV +9.6%
MOMO +8%
SONO +18%
PDD +5.4%
CRON +15%
TLRY +35%
DOMO -1%
ZS +5.3%
LITE +4.2%
BAND +1.3%
AMC +4.6%
SHSP +11.5%
NEPT +6%
SPOT +6.7%
WIX +2.9%
VEEV +5.3%
PCTY +12.1%
TEAM +12.7% (double sized)
ZEN +8.8% (doubled sized)
HUBS +9.6% (triple sized)

LOTS OF MIDDLING FUCKERY TOOK PLACE IN THE MIDDLE

Beginning of Summer

PS +20%
SOGO +16%
MDB +12%
PVTL +13.5%
QD -3%
SSTI +7%
HUBS +10%
IQ +32%
BITA +4%
SMAR +26% (doubled up)
ZUO +21%
BILI +12% (doubled up)
HUYA +19%
OSTK +2.7%
BILI +20.5%
CBLK +16%
EVBG +7.2%
APPN +9%
ZEN +6%
CLPS +104%
BL +2%
PS +4%
SMAR +4.8%
APPF +0.15%
FIZZ +16%
SHAK +12%
YEXT +12%
AMBO +37%
NEW +23%
FIVN +2.9%
QTWO +1.9%
CGC +6.7%
CRON +5%
SOXS +9%
CURO +9%
UMRX +1%

And here’s why I decided to sell. Exodus OB/OS oscillator for SAAS is now extended. I can now relax and enjoy my winnings whilst getting inebriated over gimlets.

It isn’t a question of whether Trump did anything wrong, per se. This is more of an issue of management, the ability to control the narrative and disallow your enemies from successfully carrying out a campaign against you. If we are to judge Trump solely upon that and nothing else, his Presidency has been an immense failure. The pettiness and the childish insecurities paved the way for what you’re seeing now.

These moves happened deliberately and with purpose. We all saw this coming and action was never taken to stop it. So with that being said, should Trump get impeached, he has only himself to blame. Do I care if Trump gets impeached?

Not even for a second.

I really do have little regard for the politics of America and seriously loathe the government. I love living here and I enjoy the people, mostly a generous and gregarious cadre of shape-shifters; but everyone in DC can go to hell.

I look at the endowments of some of our best Universities, all in the tens of billions, and then the portfolio values of our most successful citizens, and then the deficits and the debt on America’s balance sheet and cannot help but to wonder if this was done maliciously on purpose or by retarded men and women who just mucked it up.

Stocks reversed today because of the China trade war, plus Trump impeachment concerns. At least that’s what they tell us.

Honestly, I think if Trump were to be impeached, stocks would rally.

The news flow is going to be divisive, but the fundamentals of America, save the government, have never been better. That’s what I’m long and will not change my bias, unless something forces me into a state of fear.

I made some room by selling BAND for a 1.3% profit. It was boring the fuck out of me. I stepped in and bought this newly public company, TENB. Let’s keep it simple and not over analyze the situation.

I will make money on TENB.

It doesn’t get more explicit than this folks. You’ve officially been warned. Impeach Trump — become VERY poor.

Watch.

If Trump gets impeached, you're all gonna be VERY poor — believe me. pic.twitter.com/RFs6rkUl1O

— The_Real_Fly (@The_Real_Fly) August 23, 2018

“If I ever got impeached, I think the market would crash. I think everybody would be very poor,” the president said in a Fox News interview that aired Thursday.

“Because without this thinking, you would see numbers that you wouldn’t believe in reverse,” Trump said, pointing at his head. “I got rid of regulations. The tax cut was a tremendous thing.”

It’s a tremendous thing, believe me. Under Trump, we’ve all grown spoiled and fat, but also very thin, and beautiful. The evil Obama had a rancid stock market, lots of regulations, and a litany of tax issues that made the market both fat and fat.

Early going, I am up a gingerly 1.5%. I cannot seem to stop making money. I did warn you that this week would be bananas. Truth is, I have so many stocks that I want to buy — companies lingering on my buy list. But I am a disciplined man, almost military grade, and have been in farmer mode for approximately 18 hours. I will not buy anything, lest I am able to sell something first.

If I wanted to, I could sell a bunch of stocks in my account for EXTREME profits; but they’re not done going higher.

Case in point: JG, TEAM, ZEN, HUBS, NVTA, YY, PCTY, VEEV, LITE, and WIX — just to name a few.

Enjoy the last days of summer over champagne cocktails and seafood — for the winter is just around the bend and impeachment too — at which point you’ll all be very poor and destitute, and sickly and feeble.

I am fully loaded and long a sundry, if you will, of SAAS stocks. Bear in mind, there are three stocks that are notable amidst my portfolio: HUBS (triple sized position), TEAM (2x position), and ZEN (2x position).

We all want the same thing, don’t we? Unchecked happiness and a sense of normalcy that can be best described by the comfort in knowing the euphoric feeling of safety isn’t fleeting, but a permanent fixture. After money and health, we enjoy good relationships and intellectual stimulation. We find these things at theatre, the movies, the symphony, or even at home amidst friends over a good cigar and drink.

Part of my job here is to remind you of these things, not just providing you with actionable trading ideas to make your pathetic lives better. As you age and grow hideous, improve yourselves by learning how to make a proper cocktail, how to smoke an estate pipe, cigar, learn to cook, and/or keep yourselves fit by going to the gym.

The most important virtue in life is discipline. It transcends everything and the people who lack it will find themselves burning out fast. I’ve burned out several times during my 42 years of planetary existence and each time it coupled with a reckoning.

According to the pristine algorithms of Exodus, the market was overbought yesterday. But this is good news. Over the past 3 years, overbought has been synonymous with bullish and has led to high probability long directional trades. In fact, this is our best signal with an 81% win rate.

I have switched from hunter to farmer mode and will be tending to my crops closely, fully expecting to book a flurry of rich and thin profits by early next week.

IDGAF

Went long NVTA, YY, and VRTU, based upon various assumptions. In the case of NVTA, this is a super fast growing genome play that is now overbought with wonderful stats in Exodus.

It isn’t new, per se, only that I now first discovered its utility. For years I’ve leaned on the mean reversion algos for buying dips and have enjoyed wanton success because of them. The hardest part of trying to predict the market is when it’s going to break the fuck higher — it still is. But I have a nice edge now and I’ve been using it for a few months, testing it out, mind you, before showing fuckheads like you.

For members of our grande halls — here is the screen.

What am I looking for with this flag?

I am search for stocks that have reached an overbought status, the upward range of its technical ranking, that have historically gone higher afterwards.

Case in point, I just sent out an educational email about this, highlighting all of the OB stocks on August the 6th, 2018. The net result was +7% return over two weeks, against the backdrop of the SPY that produced a gain of ZERO.

Here is that basket.

And here are today’s high probability momentum stocks.

There are a million ways to win. I endeavor to discover all of them.

I bought this yesterday in the afternoon, whilst thinking about drinking a gimlet and sold it today for a 10% profit, whilst thinking about drinking a gimlet.