Busy fucking morning here at House Fly, southern plantation edition.
I sold my overnight trade in GNC for a 4.9% gain.
I sold ENDP for a 4.2% day trade.
I sold EXPR for a 5.5% day trade.
And I sold out of PLUG for a 5.2% gain.
Additionally, I sold some other stuff for losses, but we will not mention those because it makes me look bad. I cannot afford to have myself look ridiculous at any point. I am a MASTER ACE TRADER and I shall always provide the public with an image of wanton chicanery and success. All losses shall be kept hidden from the public, as my persona is all about winning and making sure I destroy all of my enemies with my success.
That being said, today was more or less a wash, but I had fun doing it.
I have managed to mitigate my drawdowns with these disgusting piece of shit stocks. Wall Street is now barreling in headlong into the worst stocks in the world. I believe someone warned you of this occurrence.
Bottom line: Shit healthcare and shit retailers are where it’s at. I have several other trades on the grill now and will be looking for MOAR. All trades executed in real time on the Exodus platform, naturally.
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Financials, XLY, XRT doing relatively swell. All consumer loans, mortgages, and profitability of all loaners, to be guaranteed by a beneficent government.
XLF strength is surprising – that won’t last.
What’s intersting is that the VIX is holding steady, as bonds and gold drop.
The dollar is dropping oil is on a tear. Shouldn’t and inflation hedge like gold be up? Not if it’s a panic paly and there’ no inflation coming.
Also watching the yen. it seems to be sitting on support.
Please tell me this analysis is purely a hobby and not an attempt to make real money.
ROKU is down 10% since you asked me about my stop-loss price on my highly profitable Puts.
Also, if it was a hobby, it’s still a better one than pestering other commenters on a blog. What is the purpose of your comments? If it is to make yourself feel better, then keep at it. I have more than enough self-confidence to share some with you. I’ll even start ignoring you so that you can “win” once in a while.
Good observation yesterday:
“…while the very best performers got poleaxed. Try to wrap your brains around this one.”
Possible explanation: “‘Quant Quake 2.0’ Fallout: Nomura Warns Of “Horrific” Returns For Momo Stocks Ahead”
https://www.zerohedge.com/markets/quant-quake-20-fallout-nomura-warns-horrific-returns-momo-stocks-ahead
Nomura might be right this time …
I linked to another Nomura/Zh articale on this same thing yesterday
So bascailly value goes up, Momo goes down.
Two notes:
1) Stock market returns are the only field where people feel justified in making statitistical predictions based on tiny sample sizes taken under drastically different assumptions (macro economics). At least he mentions the small sample size, before ignoring it.
2) If value goes up, and momentum goes down, then the market goes down, becuase value is heavily underweighted vs momentum at the moment. If the market goes down, it will probably take value with it. Of course, I currently have a bearish bias, so maybe I’m talking my book. On the other ahnd, you may want to take a look at the dates that the other momentum shocks occurred:
http://www.zerohedge.com/s3/files/inline-images/2019-09-10_6-19-44.jpg?itok=WS7qooLo
No matter how you read this, it seems like Value over Momentum is the move forward.
An interesting thing about the dates is that they appear just prior to a crash AND at the bottom. So an ‘extremes’ signal. Think we’re at a bottom?
fock Jeff Groinlick — the bond king, le fly is the King of Trash
LOL! “Groinlick”. Oh I’m gonna steal that one.
Bolton gone. Oil comes in.
“And a man in my position can not afford to be made to look ridiculous!”.