SHIT FLOATS TO THE TOP

Overall, the market is middling today. We were supposed to tank based off the JPM words — which hurt the soft landing crew. Nevertheless, we went straight up since the open and the gains are heavily concentrated in small caps.

Have a look at the gains intraday by market cap.

All of the shit is rocketing now, especially names with big short positions in them. I have made it a point to apply leverage to my account in order to capture some of this lightening and have gains presently of +130bps. I am not, however, content, and feel almost like I am down for the day. I just pressed another hedge on top of my portfolio of shit, which is like attempting to stop a boat from sinking from a torpedo strike by taping the gaping hole with masking tape.

It’s very possible the market will REWARD me, since I am a good person and I do deserve to be treated fairly. But you never can tell if the market is going up or down.

Bottom line: I am up more than 6% for the week and have room to gamble here, and will do so, as it is my custom to press gains and act foolish in the face of horrifying reversals.

The mood is correct for a nice GAMMA SQUEEZE, coupled and accompanied by the retards piling back into stocks by way of FOMO.

I will not sully this blog with words, for I have now moved and transcended beyond them. “The Fly” stands above you with sword in hand, severed head in the other — victorious in his dealings with the market. I gained +328bps today in frantic trading and ended the session 130% LEVERAGED LONG. I took a basket of trash stocks into the close and I will give them to you now, based solely out of generosity and kindness of my blackened heart.

FUBO
PLBY
REAL
VRM
MTTR
JMIA

Those are the very worst stocks a man could buy, let alone own. I have made it a point to extract maximum levels of milk whilst possible and fully intend to extend my cock into the morning rip tomorrow — but will of course pull out just in time for the eventual collapse.

GOOD DAY

If per chance you missed out on this rally, you are trading emotionally and should be banned from accessing your brokerage accounts. I recognized a deep ugliness in myself several months ago and about a month ago took action — AGAINST MYSELF — to concoct a scheme that would relegate me into the 100% long camp. I know this sounds insane for someone who goes online every day and calls for “the end of western finance as we know it.” But that is exactly what I did — because I knew the tricksters would eventually win, pull rabbits out from their assholes, and all would go up again as if nothing had ever happened.

Well well well. Here we are STEAMING higher once again on news that the Fed is only going to twist their little knives in us a bit more before taking it out and seeing us bleed out on the ground. I am +250bps today, in spite of my candid belief that markets should in fact trade lower by 100%.

About mid morning I applied a 15% hedge via SQQQ and am down 3% on it and yet my gains are still bountiful.

The reason for all this is simple. I am a professional investor who understands how to comport himself in various tapes and places. I am mature enough, seasoned even, to understand when my feeeeeeelings are irrelevant and when my instincts might prove to be profoundly life saving. Indeud.

I am now +3.1% for the year, averaged a return of +191% since 2020.

This account was launched live inside Stocklabs at $100k back in 2020.

Markets have surged. Rates have collapsed. Nothing can stop the new bull.

Good morning

The CPI came in as expected, 6.5%, which led to an initial spike in futures — especially after Fed’s Harker said they’d pause after hiking to 5%. Presently, they guiding rates to match inflation, so the expectation is for the CPI to moderate further during 2023.

Markets don’t seem to give a flying fuck. The NASDAQ has reversed lower, now off by 112.

What’s important to note is the disappointment in the faces of the permanent bulls, truly priceless.

As for me, I bulked up on SOXS, then SQQQ to hedge against pain and quickly closed them out. I’m now hedgeless and not in Seattle, up 34bps for the day.

My algo account is +4%, all in short via SQQQ predicated on the overbought signal that has typically led to sharp reversals lower.

My sense is for moderate pain here, with a potential for a rout. I will be monitoring the market closely and will hedge again if it looks like we are heading for another leg lower.

Everyone is having fun but me. I chose to be a bastard bear, always with the hedges — missing out on all the fun. It seems, and this is just my FOMO speaking, everything about this market is perfect. Oil and gas are moderate, materials soaring, stocks soaring, and rates are going down.

The CPI numbers loom and it’s clear to me there will be no pivot, not now not ever. Nevertheless, we want to believe. I want to believe in American appled pie, a period in time when the trannies are gone and we have nothing but baseball and cracker jacks. It also seems I have golden aged thinking caused by FOMO. Ergo, I have a very bullish position heading into tomorrow.

I made just 32bps today, mostly because I am a GIGANTIC FAGGOT who likes to miss out on rallies. Nevertheless, I will get my act together and start trading great again, as I always do and customary of a man in my position and stature.

The ball of the bears are now inside of a vise being squeezed tight. The idea of a rally sprang upon them like a Jack in the Box armed with a dagger and now with the market busting loose from every single aspect of asset class — it would seem appropriate to position into stocks heavily bear’d up in order to kill them.

I traded out of UPST for a 5.5% gain — but that one is still good. In addition to my normal holdings, I took half positions in a number of heavily shorted stocks, truly hated names, for the absurdity of the rally to come.

It seems, and this is most unfortunate to me, the bear case is dwindling fast. I have all but given away my gains in 2023 in inverse triple fuck you you’re dead ETFs in a valid attempt to stop America. But I have failed with that venture and must come to grips with the idea of trannies trading inside of heavily shorted stocks and winning and then said trannies heading on over to the Wall Street bull statue to cut its balls off and make it one of their own.

Nothing stops it. There were bids all day long and sellers were quickly disposed of and incinerated inside crematorias.

I will have you know — I gained 1.07% today, whilst being skinned alive in yet another wayward sojourn into hedging. I closed out my SOXS with 30 mins to go — but then reapplied some SQQQ at the bell.

I will tell you this only between me and you: I am spiritually very bearish. But my senses point to higher prices and I can feeeeeeeel the momentum building and the panic amidst the bears — FOMO accumulating and the bulls renvigored with viagra pills ready to fuck.

I only hedged out of sentiment and will likely lose money on it first thing this morning. As a point in fact, I am likely to continue hedging and losing for the balance of the year, or even for as long as I live!

Hedging will commence until the blood is flowing heavily through the streets. And it will be then and then only shall I be satiated and happy to set my focus on other things, aside from the complete destruction of the stock exchange.

This are just the candid thoughts of one man.

Crypto miners are +30% for the year thus far. Tech and healthcare sectors are +6% — with all others up in the range of 3-5%. The only down parts of the market are in oil and gas — which is burdened by an unusually warm winter — as NATO applies weather weapons to the environ to deal with the gas shortages.

We all wait, EAGERLY, for a reversal — since it is known that stocks “belong” lower. But we’re not getting that and if I might suggest, boldly even, to avoid a net short position whilst this rally takes place.

The Russell is only +3 for the month, NASDAQ +2%. The indices are lagging due to large capped tech underperforming.

Inside Stocklabs, we are fantastically overbought. In the past, during bull markets, OB meant up. In the bear, OB was down. Am I to believe this is a new bull market or is this just another ruse and will fall flat and go back lower.

It should be noted, the hardest hit stocks of 2022, stocks down 35% or more, have not rallied in 2023. They are, on the whole, down 1.1% YTD — much of the losses found in SAAS.

Perhaps this blog will serve as some sort of good luck charm, a contrarian indicator if you will, and send stocks packing and swimming lower without a vest. But it appears to me, a mere expert professional in the arts of investment management, that the market wants to go higher.

We have a softening in oil/gas and a strengthening in tech, biotech, even cryptos. There is a upwards bias thus far in 2023 and you cannot deny it. I cannot deny it.

That being said, we are reminded of previous bull runs and how they all fell face flat into the mud. There is a discernible difference, however, and it lies simply in the new calendar year. Gone is the anxiety of high paid hedge fund managers who got buried in 2022, eager to avoid mistakes. With a clean slate, investors are more apt to apply risk — especially when markets are seemingly bullish.

Even though we are bullish, we in the most royal of terms must remain vigilant and be available to sell short at a drop of a hat.

I’m presently +45bps, down 45bps from session highs with a small SOXS hedge — however willing and eager to increase it at the first sign of danger.

In a controversial move, I unhedged myself into the close and kept a rather large SOXL position — due to the rug being pulled from it late in the day based off the Apple is gonna DOMP AVGO by 2025 rumors.

FUCK OFF.

I spent the day BEARING WITNESS to my +160bps worth of gains withering away down to 1 bps. I tried my best to stem the fucking tide, against a 100% long only portfolio. I traded to and fro, 7 for 8 in trades to the good — but could not offset the FUCKING FUCKERY of this GOTU stock I held for a 15% intra day COLLAPSE.

Some might say this market is primed, ripened even, for absolute collapse. I will take the other side of that trade, if just for a day or two, and suggest tomorrow will gap higher — effectively ripping the skin off the faces of all of the people inside Stocklabs who are SHORT and talking mean to me. FUCK YOU AND FUCK OFF.

Today’s Chicaney

With regards to the overbought signal inside Stocklabs today, I bought a second tranche of SQQQ in my algo dedicated account for the purposes of trading the OB signal by selling short stocks. I am now +1.2% on the SQQQ position and will sell it in exactly 5 trading days.

All in all, it was a dispiriting day for those of us long, evil even. Having a book filled with longs and just seeing it get rocked all day was depressing and at times — a bit too much to bear. Nevertheless, I remain steadfast in the enteral belief that I will trade great again and I will, at some point, rip the lips off of those who sully me and that I will have my revenge of a rapish quality.