Dollop Another 200 Atop Your Smorgasbord of a Rally — OIL IS RUNNING HOT EDITION

I have a natural inclination to bet against the herd. Sometimes it works in my favor, others times, like now — it ends in ruin. Today’s magnum opus of this great big titted rally is a short squeeze in basic resource stocks. Since I am long a triple inverse ETF with time decay working against me — I thought it’d be fitting to illuminate this point to you — the unwashed reader — in order to make yourselves feel better about life in general.

Think about it — someone, such as myself, superior in all facets of life, getting his face ripped off in a trade gone wrong — subjected to the idiocy of poorly crafted ETFs because of wanton greed and hubris. Oh, I deserve all of these losses and much, much more.

But what do you deserve — the plebeian sanitation working trifling through garbage for treasure? Why, you deserve the very best.

I BRING FORTH TO YOU THE Exodus OVERSOLD SIGNAL AND AN UPDATE ON ITS PRESENT OS CYCLE.

Yes, it’s true, I did sell my SPY position after just 3 days. I placed a very short time frame on the hold and will regret it for the rest of my life. But the cycle has always been 10 days; and as you could clearly see from the picture above — it is now +7 from the original signal just 8 days ago.

Indeud.

In other news, the President is losing his effectiveness at making AMZN trade lower.

The Fake News Washington Post, Amazon’s “chief lobbyist,” has another (of many) phony headlines, “Trump Defiant As China Adds Trade Penalties.” WRONG! Should read, “Trump Defiant as U.S. Adds Trade Penalties, Will End Barriers And Massive I.P. Theft.” Typically bad reporting!

— Donald J. Trump (@realDonaldTrump) April 5, 2018

Back on the 26th of March, Citron Research tweeted this out calling Longfin a ‘pure stock scheme’. That got the ball rolling downhill, which was then capped off with an SEC investigation.

If you are fortunate enough to get a borrow, indeed $LFIN is a pure stock scheme. @sec_enforcement should not be far behind. Filings and press releases are riddled with inaccuracies and fraud.

— Citron Research (@CitronResearch) March 26, 2018

The U.S. Securities and Exchange Commission is investigating trading activity in shares of Longfin, a tiny stock that surged astronomically in December after the firm announced a cryptocurrency-related acquisition, the company disclosed late Monday.

Longfin shares, which go by the ticker symbol LFIN, plunged 30.89 percent to $9.89 a share. The stock is now down 82.43 percent for the year so far.

The Division of Enforcement of the SEC informed Longfin on March 5 that the agency is investigating trading in the company’s shares and requested documents related to its IPO and acquisition of Ziddu.com, according to a required 10-K filing.

Shares are down 80% over the past two weeks.

So naturally it was time for the CEO to visit CNBC again in order to deliver an absolutely brutal interview, decrying his company to be under attack by short sellers — who are trying to destroy him. Bear in mind, the last time he visited CNBC, the interview was the worst ever aired on teevee, which sent the stock packing lower.

Here's the CEO of $LFIN, destroying his company live on CNBC. pic.twitter.com/MlKRhJ55Jr

— The_Real_Fly (@The_Real_Fly) April 5, 2018

Here’s the full interview.

Comments »

I’ve been working on this for quite some time and have finally made it happen. Thanks to the tireless efforts of Cypress North, Sharpe ratios have been added to the system. In the event you do not know what a Sharpe score is, fuck off or read this.

All baskets and screens have been festooned with these scores. We’ve got the 252 daily, 12 monthly and 12 weekly listed. We can add more on demand. The purpose of the Sharpe is to assess your work and to ensure you’re not being retarded and to set a course for a higher quality risk free return. We can do this on a stock level or on a portfolio level, which is of the utmost importance when creating investment strategies.

BEHOLD.

FAANG

Top sharpe scores (min market cap $1b)

Free tradeFAGS get in here and debate Bannon.

Bannon on Trump’s recent action against China

Fuck Wall Street.

“Ask the working people in Ohio, Pennsylvania and Michigan about Wall Street. Wall Street supported and cheered on the export of their jobs. To hell with Wall Street if they don’t like it. Its time somebody stood up to them and Donald Trump is the perfect guy. Wall Street is always short term. Trump is trying to protect the beating heart of American capitalism — our innovation,” he told Reuters in a telephone interview.

Bannon, who maintains ties to the White House, said Trump’s recent moves to impose tariffs are a signal to the Chinese that “the game of continual delay is over” and that they will have to address the central issue of forced technology transfers.

And Fuck China.

“It’s full throwdown. Trump has planned this out for a long time. He led with the smart things, forced technology transfers. It’s obvious the Chinese have no real response to this. I think they played completely into his hands. By putting tariffs on agricultural products and avoiding addressing the technology questions they’ve shown once again they consider us nothing more than a tributary state.”

“This is the beating heart of American capitalism: Technology innovation that the Chinese have either stolen or forced American companies to turn over. Trump has signaled that those days are over,” he said.

Please provide a written rebuttal, no less than 200 words. Go.

All war is good for stocks, even the type that is designed to quite literally destroy life and fortunes. It is a perilous and nonsensical thing to head out there and short stocks — betting against a rigged match that will leave you armiess and woefully without legs.

Dear friends,

I write to you from the shackles of a car which is on fire, filled with dynamite stocks — destined for a wall. My inverse ETFs have given way to animal spirits and are now drowning me in the dark amber of my hubris. The flowery notes of spring are circulating throughout the air and people are out hop-skotching around — dressed in blue and drinking spirits.

My black soul and heart were not built for these times. I should’ve been born and raised during the Great Depression, an era of oppression and starvation — calamitous stock market crashes and war.

Over in Exodus, the Bubble Basket has bounced hard with the overall market — meaning the riskiest of stocks are what’s leading this surge. My Quant account is up a stately 0.8% for the day, up nearly 4% for the year. All that is good is represented in today’s mind numbing rally. We defied all the odds. We looked the Orange Gorilla into his big blue eyes and said ‘we will not succumb to your fucked up ways and we will ignore your deleterious policies which make us sad. We are a fat faced, soy eating, people, all very bold and gay — activists, and peaceful niks, whose purpose is to provide the chaff of society a better existence, via our warlike policies which ravage and rip apart countries from crown to foot, all the while we embrace you with our open borders and abortion clinics, to provide you way of life inside one of our many housing developments, which are filled with a diversity of criminal activities that will mold you into a strong and fat person, destined for a long life of hatred and bleakness — the hallmarks of America.

For the second consecutive day, Le Fly, in all of his infinite wisdom, set out to defecate on stocks. Yesterday I ventured out and bought some QID — thinking the Nasdaq was bound to vomit. Then news came out that Trump was merely joking about Amazon and that all was well, truly, and people bought stocks. They bought them with vigor.

My face was subsequently ripped from my skull and I endured the rest of the day living off the memories of better times.

Then today came around and China’s retaliation against the United States tilted markets sideways and out. People were jumping off bridges and windows, windows, and into tunnels on the news. To be honest, it looked like the end of the world. Then Kudlow came out and said there was a pot of gold at the end of the trade war rainbow and people ate it up. They ventured out into the cold misty morning and bought equities with grace and zeal. Just before that happened, Le Fly, smartly, bought FXP — exclaiming “FUCK CHINA” after he’d done so — because his mind defaults to violence, an unfortunate side effect of hailing from a bloodline of middled class factory workers, bus drivers, and criminals.

Now everything I want is lost. The halcyon days of -500 Dow’d points is a memory, a faint whisper on the lips of gigantic orange gorillas. One is permitted to dream still, correct? Or is that too forbidden and considered an act of violence?

I stand before you a mixed man — one long a pastiche of small cap equities via Exodus Quant and doing well. The other is my tactical trading account, a farce, now long LEDS, ERY, QID, FXP and another stock too embarrassing to mention.

Pardon me as I go kill myself.

‘Blame China’, says increasingly nervous unapologetic globalist who is now stationed inside the White House for the purposes of making Emperor Trump feel good about himself.

Here’s Larry Kudlow bending his views on trade for Trump, blaming China for their egregious trading actions which have stolen trillions from the United Steaks over the years. But he also said there’s a pot of gold at the end of this horrible rainbow, one that might appeal to some of my Irish readers out there. Why, you might want to dress in green and run towards that rainbow and search for it. Good luck.

Market losses have been cut in half, now down just 250.

On that news, I bought FXP — because fuck China.

It’s a trap, believe me.

Markets have traded +200 from the open — because buying dips is an American past time. Let’s put things into perspective.

The trade war doesn’t officially begin until after May. China is giving talks a chance before starving their 700 million pigs to death by raising tariffs on our soybeans. With that in mind, much of the news flow now is rhetoric, scare tactics, and positioning ahead of talks.

However, there is a certain flair to Trump’s recent tweet storms and they’re overtly anti-globalist — which is what markets feared during the elections. The original assumption was a Trump administration could ruin foreign trade and disrupt the status quo. It appears he’s trying to do that now.

My sense, this is head fake and the Trump tweet storms are gaining steam, targeting all of his enemies which were dutifully described during his campaign. You’d be wise to raise cash, hedge, and wait this out.

Don’t worry, the President just tweeted we are not in a trade war.

We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue!

— Donald J. Trump (@realDonaldTrump) April 4, 2018

In other news, we are in a trade war.

Source: CNBC

China announced additional tariffs on 106 U.S. products on Wednesday, in a move likely to heighten global concerns of a tit-for-tat trade war between the world’s biggest economies.

The effective start date for the new charges was not announced, though China’s Ministry of Commerce said the tariffs are designed to target up to $50 billion of U.S. products annually.

The 25 percent levy on U.S. imports includes products such as soybeans, cars and whiskey.

On that news, futs have been buried — off by more than 500.

Gold is +1%, WTI -1.5%, Copper -2.5%, and BTC -4.5%.

Commerce Sec. Wilbur Ross had this to say.

Commerce Secretary Wilbur Ross CNBC Interview (see 6:00 SPY comment for complete breakdown of US and China tariffs)  (46.93)

• Says he agrees with President Trump’s tweet earlier (see 7:24); says when we are losing $500 bln a year on trade, this is not a war we can lose.
• Says China tariffs amount to 0.3% of US GDP; proportional to US tariffs.
• Says hopeful that outcome is a negotiation with China; can’t say if it will happen before late May.
• Says this news should not be a great shock to Wall Street; says he is surprised by market reaction.
• Says President Trump and China President Xi have a good relationship.
• Says we may start to see a coalition against China regarding trade; says World recognizes that China’s trade practices are a ‘out of control’
• Says must protect intellectual property.
• Asked about Amazon (AMZN); says he is not really involved with that; but the President’s tweets are specific about USPS issue.

In related news, China had to inject more than $12b into Anbang — due to fraud allegations.

China’s government is injecting 60.8 billion yuan ($12.7 billion) into Anbang Insurance Group Co after the company’s chairman was accused of masterminding a multibillion dollar fraud.

The money will come from the China Insurance Security Fund, Anbang said on its website Wednesday. The injection is aimed at ensuring the firm’s solvency and stability and protecting policy holders’ interests, the China Insurance Regulatory Commission said.

Happed Wednesday morning, fucked faces. Le Fly presides over you — presently long QID and ERY.

An update from the President.

When you’re already $500 Billion DOWN, you can’t lose!

— Donald J. Trump (@realDonaldTrump) April 4, 2018

Related:

Time to dust this one off, again: S&P components with highest exposure to #China

(via @marfgilbert) @CNBC pic.twitter.com/NR87igdtgj

— Carl Quintanilla (@carlquintanilla) April 4, 2018

The Chinese ambassador to the US was talking greasy after the market today, in regards to the Trump trade war against the great walled nation. When asked when his country would retaliate against the US, he said ‘very soon’ — because anything that hurts the interests of the Chinese people were, in fact, considered a very serious matter in Beijing — unlike the policies of America — which is to BEND THE FUCKING KNEE to any nation with growth that could be exploited by our corporate overlords.

On that news, Nasdaq futs are -40.

NOTE: I just got back from NYC, after a long night of gluttony. Tomorrow is the last day that I will be handing out Exodus free trials. For free unfettered access — hit me up at [email protected].