Inaugural Exodus Strategy Session

351 views

logosshpyinx

The iBankCoin launch of Exodus has been a biblical success.  The stock gods are pleased with iBankCoin’s mission to usurp the largest financial powerhouses in the world.  They see institutional-grade tools priced for every man and they beam with approval.

However, some members need to be brought up to speed.  After all, we’’re tapping into the sublime harmony of mathematical precision (S.H.O.M.P.) here.  Thus, the Exodus Strategy Session is born.  It will serve to educate the distinguished member class on the functionality of Exodus while providing actionable ideas and insight.

Here’s a public look at the first edition where we cover how to build baskets and import them into the screener, enjoy:

I. INDEX RECAP

Equities started out flat Monday before buyers came in and worked price higher.  We spent the rest of the week trading essentially flat.  The Nasdaq saw a slight drift higher while the other indices were flat-to-slightly-lower.

For the week, the performance of each index can be seen below:

II: SECTOR RECAP

There are several sectors to our economy.  Underneath the surface of fluctuating index prices, capital is allocated among the sectors. This behavior provides insight into the risk tolerance of market participants. This section of the strategy session is devoted to analyzing this behavior.

The healthcare and utilities sectors turned in the best performance on the week, but overall it was a quiet week across the board.  We can see the median return on all sectors was just a touch above positive at 0.04%.

For the week, the performance of each sector can be seen below:

Two of the sectors are flagging oversold at the moment—Consumer Staples flagged oversold Friday on its 12 month algo, and Healthcare flagged oversold Friday on its 6 month algo.

III: INDUSTRY RECAP

Industries who had stand out performance last week are listed below:

I also use my Industry OBOS Scanner to look for industry concentrations.  If I see a particular industry with several stocks either overbought or oversold, that interests me.

Industries showing oversold concentrations are Property & Casualty Insurance, Electric Utilities, and REITs.  The most compelling industry hybrid charts can be seen in the various REIT industries.

Industries showing overbought concentrations are Chinese Burritos and Application Software.  Neither of these hybrid charts are currently up at the extreme of their historical oscillations.

IV: UTILIZING EXODUS

Each week the Exodus Strategy Session will demonstrate one of the many powerful features available to members and explain how best to utilize it.  This week we will cover building a basket of stocks and importing it into the screener.

Baskets are a great way to focus on a specific group of stocks or ETFs.  You can build a list of stocks you are watching or your current positions.  You could also group stocks together under a theme like surveillance or stem-cell research.  There are countless reasons to build a basket and Exodus has a suite of features for gaining insight into your basket.

To create a basket, click your username in the top right corner:

This page will display your user profile and below it you will see a blue button that says, “Create New Basket”.  Click the button to create a basket.  Any previous baskets you’ve made will be displayed below.  For our example I created a very basic SectorETF basket.

Once I have created a basket, there are several ways to add a security to it.  Anywhere stocks are listed, whether it’s the grid, or in the screener, or the ETFs page—literally anywhere—you can click the little grey plus sign next to the ticker to add it to your basket, see below:

Alternatively, you can click the “Watchlist” link on any individual instrument’s top link area.  See below:

Once you’ve created a basket it will display lots of useful information.  You can sort any of the columns by clicking the small up/down arrows to the right of the column header.  You can also adjust the % return duration by clicking the funnel icon, see below:

Now we can import the list into the Exodus screener to start adding in layers of automated analysis.  On the Advanced Screener page, simply scroll down the list of screener categories until you reach the bottom.  Here you will find a category titled, “Watchlists” see below:

The last step is to click the funnel next to Watchlist in your screen to choose the Basket you wish to import into the screener.  Now you can add all the other powerful functions of Exodus onto your basket, see below:

V: LONG TRADING IDEAS

I like the idea of adding a REIT to my long term portfolio here, given the concentrations noted above in Section III.  I like REG, especially if it takes out Friday’s high $65.16.

Similar idea with PGR, it is a long term idea. Oversold as of Friday with nice stats that would carry it to 52-week high if they repeat.  Also it has a nice compression of price all year so far.

On the oversold status of the Healthcare sector, I like PCRX, HIIQ, and KPTI for trades (tight risk).  I also like BABY, ideally fade an attempted move below $36.

From the oversold status of Consumer Staples KRFT looks interesting.

Weekly Strategy Session Members: Look for this week’s strategy session to hit your inbox tomorrow due to the holiday.  Thanks!

This Might Take a While

249 views

Well happy Memorial Weekend so far lads! Hopefully it’s treating you well and you’re miles away from your computers, enjoying the finest nearby nature exhibit. But if you’re not and instead scouring the internet in a campaign to strengthen your grip of the markets, then feast your eyes on the developing value area in the Nasdaq:

NQ_05232015_DVAHL

I’ll be monitoring if/how we settle into this envisioned value area in the upcoming week, seeing if the dog is going to bark.

Have you no clue what I mean about barking dogs? They reside in Haight-Ashbury and wear rose colored sunglasses. In the Weekly Strategy Session we’ll go over this signal and highlight the actionable levels.

TATOO THE FACTS ON THEIR FACE

278 views

Everybody wants winning trades, but nobody wants to do the heavy research and training. Because you don’t want to screw up and look like a dude. The last thing you want to do is approach the king of all finance sites, looking like a fucking present.

This is where I come in. I am going to step inside your ring and fuck you up with knowledge. First step is whipping you dick out and asking the world if it wants to suck it—in other words, log into Exodus and see if the market is oversold.

PRO TIP – always check with Exodus before making a trade. Trading alone is like trying to pick up ladies sober. You do not have the confidence for this. You’re not going to pull any tail, and you’re not going to pull any wins. The only thing you’re going to pull is the rip cord, and go home.

These three scoops of preworkout are kicking in. I’m off to GNC to buy some MOAR preworkout then to smash heavy weights through the floor.

Shoot an email to twosmuth@gmail.com if you want a 3 day trial of Exodus.

The Only Way Out Is Up

235 views

The overnight session was fairly quiet up until CPI data at 8:30am which pushed some sellers onto the tape. Overall the session is normal in range and volume and trading in the upper quad of yesterday’s session.

On deck this afternoon we have Fed Chair Yellen speaking at 1pm. We have the Baker Hughes Rig Count data out at the same time.

Yesterday we printed a short squeeze-type profile, P-shaped. Sustained trade below overnight low 4523 is what sellers want to see to take back the session.

Heading into today, my primary expectation is for buyers to work higher to test overnight high 4535.50 and take it out to target the NVPOC at 4543.50.

Hypo 2 sellers sustain below 4523 setting up a washout lower to 4500.

Levels:

05222015_NQ_MarketProfile

Settling Into Balance

357 views

Nasdaq futures are trading a touch lower as we head into cash open. The overnight session was normal in terms of range but volume is borderline abnormal. On the economic calendar we have a flurry of low/medium impact events to push through this morning. At 8:30am Chicago Fed National Activity Index and Initial/Continuing Jobless Claims data was out and saw little reaction from the market.

Late on this morning we have Markit Manufacturing PMI at 9:45am, a data dump including Existing Home Sales, Leading Indicators, and Philadelphia Fed at 10am, and Natural Gas storage stats at 10:30am.

Yesterday we printed a curious-looking normal variation day. Price managed to push up to new weekly high before sellers knocked it back flat into the close. The last four sessions have compressed price into a range—the first real contraction in volatility we’ve seen in several weeks.

The action has made the market profile chart a bit odd, so I drew a micro composite volume profile of the last 4 sessions to see better what’s going on here (green and red distribution pictured below).

Heading into today, my primary expectation is for a choppy 2-way open until we push through all the morning data. Look for price to stay contained between 4481.25 to 4504. Then look for buyers to come in and work price higher.

Hypo 2 sellers push down through 4479.25 to open up a liquidation down to 4458.75.

Hypo 3 buyers make a run for yesterday’s session high 4534 to target 4539.

Levels:05212015_NQ_MarketProfile

EVERYONE’S TRAPPED

370 views

After an impressive showing both up and down we’re back where we started when they rang the opening bell. ‘Bring Forth The Siesta’ was written when visions of this mediocrity flowed through my mind. We knew today would essentially be a wash—and a dangerous one at that.

Third reaction analysis, my go to distraction during important economic announcements, yielded a buy signal and buy they did, up onto the point where they found highly motivated sellers.

Yesterday’s picks fared well today likely because they’re fueled with thick data sets and positioned to deliver career-ending blows to the opposition, ala Option Addict’s deliverance of MOMO shorts today (hat tip).

The standoff continues as far as I can see, but I could not resist putting on a lotto long after 3rd reaction. I’d tell you what it is, but it’s either too late to take action or wrong.

All we need to do is sort out these trannies and the market can rally.

Working The Tranny Grind

231 views

Airlines are being burned up today amid increases in capacity or some other rabble I couldn’t care less about. I actually love when people discuss the whys behind a move, but I rarely over think them.

What I do instead is go to charts I’ve been closely watching. In this instance, I pull up the Nasdaq Transport Index. I can see the dark cloud that formed yesterday was a proper warning, but now I am thinking buy the dip.

We came in hot, but this is bracket low. Buyers have defended this region every time we’ve visited it. You, rather markets, have to convince me this time is different.   If not, back through the grind haus we go:

Tranx.x05202015

 

I was blessed with foresight and sold my $VA position for a small loss yesterday. It was a bit of luck and a bit of overall caution on my part.

Bring Forth The Siesta

213 views

Nasdaq futures are set to open a touch higher for Wednesday after trading a balanced session overnight on low-end normal range and volume. The GDP data out overnight from Japan turned out to be not much of an event and the US dollar strength held overnight.

Today we had MBA Mortgage Apps at 7am. Coming up we have the weekly Crude/Distillate report at 10:30am and the collective attention of traders will at some point be focused on the Fed Minutes due out at 2pm.

Yesterday we printed a normal variation down day. Buyers defended Monday’s mid around the close when a late wave of selling came through.

Heading into today, I expect any early excitement to quickly fizzle and the markets to go into chop mode ahead of the afternoon minutes. Look for buyers to make a push up through overnight high 4510.50. Look for responsive sellers to defend near 4515 and two way chop to ensue with 4498 as a floor.

Hypo 2 sellers push off the open, close the overnight gap to 4501 and continue lower to take out overnight low 4496.75 and push below yesterday’s low. Look for buyers at 4491.50 and two-way trade.

Hypo 3 strong buying up through 4515 to target 4531.25.

Levels:

05202015_NQ_MarketProfile

Where We’re Going We Don’t Need Roads

386 views

Would you believe me if I told you I am tired of seeing charts? For eons, they were my babies, I’d nurture them and decorate them with macaroni strings and stripes and the latest in apparel [indicators]. Now anything beyond a glance summons a dread so deep it cuts right down to existence.

Nevertheless they are my friends and I put them to the test day in-and-out (no burger).

I like copper here. Ask a Pelican about how I mismanaged my copper position earlier this year if you want a rousing tale of mediocrity. On these walls I decree it shant happen a second time. I’m giving myself room and pressing my heels into the walls of logic.

Anyone who studies philosophy long enough will fall entirely in love with mathematics, for they present immortal truths one can only achieve with their minds.

Beyond copper I am certain the market is about to plunge us into a brown bag. You can either fill said bag with a forty ounce of ice cold malt liquor or lay plans to trade your way out of it.

All starting with tonight, with tonight’s sit and watch the Japanese GDP party.

 

PS – How TF am I supposed to sell HABT?  Look at this chart lol

The Cycle Is Complete

268 views

You’ve expressed interest in how I go about the morning–mornings are sacred. They’re a time before distraction. Elder Raul always said the best thoughts came before sunrise, before everyone else thinks them, I agree.

It’s a time to nurture the soul. I rarely rise particularly early but I am awake and taking in the sunrise from bed and listening to the birds. Next I water myself and the plants—the tomatoes, the grapes, the onions, the flowers, the rhubarb, and lots of hearty greens.

Then a shower followed with applying exotic oils like argon, rosehip, and meadowfoam seed. This makes me feel like an ancient Egyptian. A hearty breakfast is prepared—if often must sustain me through a good part of the day. I practice temperance at all times but nevertheless seek to consume 30 grams of protein and lots of dark leafy greens.

Then I queue up the markets. In special instances, like this morning, I will start trading before the open but usually my activity is RTH. Since my trading is mostly during RTH it’s rare I will check a quote on anything outside of these hours.

Then I report for duty, here at the top echelon of finance greatness.

So many forces are converging today and it has me on edge. Facebook will complete its 10 day oversold cycle today. It’s flawless record of 9-0 has extended to 10 wins. If Exodus had emotion it would be feeling like Mayweather right now. Instead it diligently continues its job without the need to nurture its mind or body.  You may feel like you’ve developed an understanding of Exodus’s substance, but it is quite likely you’ve only scratched the surface.  It will be many centuries before man can truly grasp the form, of greatness, of the virtues of robotics.

Exodus insisted we short gold. Had you, you’re into the meat of that cycle now. Congratulations on your objectivity. The Chinese Burritos have been granted impunity to broad market softness for the time being.

Nasdaq Transports (TRAN.X) are reversing lower, the Nasdaq Semiconductor Index (SOX.X) is trying to pull a bugger of a bracket high reversal, the Dow looks chill, and every other index is diverging away from the Nasdaq weakness intraday.

Rose colored sunglasses, my proprietary timing model, signaled the short over the weekend.

The USD/JPY spot price have converged to an apex and then pushed higher, initially, but with Japanese GDP on the horizon for this evening it’s hard to commit to.

Then just for the hell of it we have FOMC minutes tomorrow afternoon.

Now is a good time to have some cash.  Keep it until we see some resolution, then hope you don’t have to chase ridiculously higher prices in momo.

 

Inaugural Exodus Strategy Session

351 views

logosshpyinx

The iBankCoin launch of Exodus has been a biblical success.  The stock gods are pleased with iBankCoin’s mission to usurp the largest financial powerhouses in the world.  They see institutional-grade tools priced for every man and they beam with approval.

However, some members need to be brought up to speed.  After all, we’’re tapping into the sublime harmony of mathematical precision (S.H.O.M.P.) here.  Thus, the Exodus Strategy Session is born.  It will serve to educate the distinguished member class on the functionality of Exodus while providing actionable ideas and insight.

Here’s a public look at the first edition where we cover how to build baskets and import them into the screener, enjoy:

I. INDEX RECAP

Equities started out flat Monday before buyers came in and worked price higher.  We spent the rest of the week trading essentially flat.  The Nasdaq saw a slight drift higher while the other indices were flat-to-slightly-lower.

For the week, the performance of each index can be seen below:

II: SECTOR RECAP

There are several sectors to our economy.  Underneath the surface of fluctuating index prices, capital is allocated among the sectors. This behavior provides insight into the risk tolerance of market participants. This section of the strategy session is devoted to analyzing this behavior.

The healthcare and utilities sectors turned in the best performance on the week, but overall it was a quiet week across the board.  We can see the median return on all sectors was just a touch above positive at 0.04%.

For the week, the performance of each sector can be seen below:

Two of the sectors are flagging oversold at the moment—Consumer Staples flagged oversold Friday on its 12 month algo, and Healthcare flagged oversold Friday on its 6 month algo.

III: INDUSTRY RECAP

Industries who had stand out performance last week are listed below:

I also use my Industry OBOS Scanner to look for industry concentrations.  If I see a particular industry with several stocks either overbought or oversold, that interests me.

Industries showing oversold concentrations are Property & Casualty Insurance, Electric Utilities, and REITs.  The most compelling industry hybrid charts can be seen in the various REIT industries.

Industries showing overbought concentrations are Chinese Burritos and Application Software.  Neither of these hybrid charts are currently up at the extreme of their historical oscillations.

IV: UTILIZING EXODUS

Each week the Exodus Strategy Session will demonstrate one of the many powerful features available to members and explain how best to utilize it.  This week we will cover building a basket of stocks and importing it into the screener.

Baskets are a great way to focus on a specific group of stocks or ETFs.  You can build a list of stocks you are watching or your current positions.  You could also group stocks together under a theme like surveillance or stem-cell research.  There are countless reasons to build a basket and Exodus has a suite of features for gaining insight into your basket.

To create a basket, click your username in the top right corner:

This page will display your user profile and below it you will see a blue button that says, “Create New Basket”.  Click the button to create a basket.  Any previous baskets you’ve made will be displayed below.  For our example I created a very basic SectorETF basket.

Once I have created a basket, there are several ways to add a security to it.  Anywhere stocks are listed, whether it’s the grid, or in the screener, or the ETFs page—literally anywhere—you can click the little grey plus sign next to the ticker to add it to your basket, see below:

Alternatively, you can click the “Watchlist” link on any individual instrument’s top link area.  See below:

Once you’ve created a basket it will display lots of useful information.  You can sort any of the columns by clicking the small up/down arrows to the right of the column header.  You can also adjust the % return duration by clicking the funnel icon, see below:

Now we can import the list into the Exodus screener to start adding in layers of automated analysis.  On the Advanced Screener page, simply scroll down the list of screener categories until you reach the bottom.  Here you will find a category titled, “Watchlists” see below:

The last step is to click the funnel next to Watchlist in your screen to choose the Basket you wish to import into the screener.  Now you can add all the other powerful functions of Exodus onto your basket, see below:

V: LONG TRADING IDEAS

I like the idea of adding a REIT to my long term portfolio here, given the concentrations noted above in Section III.  I like REG, especially if it takes out Friday’s high $65.16.

Similar idea with PGR, it is a long term idea. Oversold as of Friday with nice stats that would carry it to 52-week high if they repeat.  Also it has a nice compression of price all year so far.

On the oversold status of the Healthcare sector, I like PCRX, HIIQ, and KPTI for trades (tight risk).  I also like BABY, ideally fade an attempted move below $36.

From the oversold status of Consumer Staples KRFT looks interesting.

Weekly Strategy Session Members: Look for this week’s strategy session to hit your inbox tomorrow due to the holiday.  Thanks!

This Might Take a While

249 views

Well happy Memorial Weekend so far lads! Hopefully it’s treating you well and you’re miles away from your computers, enjoying the finest nearby nature exhibit. But if you’re not and instead scouring the internet in a campaign to strengthen your grip of the markets, then feast your eyes on the developing value area in the Nasdaq:

NQ_05232015_DVAHL

I’ll be monitoring if/how we settle into this envisioned value area in the upcoming week, seeing if the dog is going to bark.

Have you no clue what I mean about barking dogs? They reside in Haight-Ashbury and wear rose colored sunglasses. In the Weekly Strategy Session we’ll go over this signal and highlight the actionable levels.

TATOO THE FACTS ON THEIR FACE

278 views

Everybody wants winning trades, but nobody wants to do the heavy research and training. Because you don’t want to screw up and look like a dude. The last thing you want to do is approach the king of all finance sites, looking like a fucking present.

This is where I come in. I am going to step inside your ring and fuck you up with knowledge. First step is whipping you dick out and asking the world if it wants to suck it—in other words, log into Exodus and see if the market is oversold.

PRO TIP – always check with Exodus before making a trade. Trading alone is like trying to pick up ladies sober. You do not have the confidence for this. You’re not going to pull any tail, and you’re not going to pull any wins. The only thing you’re going to pull is the rip cord, and go home.

These three scoops of preworkout are kicking in. I’m off to GNC to buy some MOAR preworkout then to smash heavy weights through the floor.

Shoot an email to twosmuth@gmail.com if you want a 3 day trial of Exodus.

The Only Way Out Is Up

235 views

The overnight session was fairly quiet up until CPI data at 8:30am which pushed some sellers onto the tape. Overall the session is normal in range and volume and trading in the upper quad of yesterday’s session.

On deck this afternoon we have Fed Chair Yellen speaking at 1pm. We have the Baker Hughes Rig Count data out at the same time.

Yesterday we printed a short squeeze-type profile, P-shaped. Sustained trade below overnight low 4523 is what sellers want to see to take back the session.

Heading into today, my primary expectation is for buyers to work higher to test overnight high 4535.50 and take it out to target the NVPOC at 4543.50.

Hypo 2 sellers sustain below 4523 setting up a washout lower to 4500.

Levels:

05222015_NQ_MarketProfile

Settling Into Balance

357 views

Nasdaq futures are trading a touch lower as we head into cash open. The overnight session was normal in terms of range but volume is borderline abnormal. On the economic calendar we have a flurry of low/medium impact events to push through this morning. At 8:30am Chicago Fed National Activity Index and Initial/Continuing Jobless Claims data was out and saw little reaction from the market.

Late on this morning we have Markit Manufacturing PMI at 9:45am, a data dump including Existing Home Sales, Leading Indicators, and Philadelphia Fed at 10am, and Natural Gas storage stats at 10:30am.

Yesterday we printed a curious-looking normal variation day. Price managed to push up to new weekly high before sellers knocked it back flat into the close. The last four sessions have compressed price into a range—the first real contraction in volatility we’ve seen in several weeks.

The action has made the market profile chart a bit odd, so I drew a micro composite volume profile of the last 4 sessions to see better what’s going on here (green and red distribution pictured below).

Heading into today, my primary expectation is for a choppy 2-way open until we push through all the morning data. Look for price to stay contained between 4481.25 to 4504. Then look for buyers to come in and work price higher.

Hypo 2 sellers push down through 4479.25 to open up a liquidation down to 4458.75.

Hypo 3 buyers make a run for yesterday’s session high 4534 to target 4539.

Levels:05212015_NQ_MarketProfile

EVERYONE’S TRAPPED

370 views

After an impressive showing both up and down we’re back where we started when they rang the opening bell. ‘Bring Forth The Siesta’ was written when visions of this mediocrity flowed through my mind. We knew today would essentially be a wash—and a dangerous one at that.

Third reaction analysis, my go to distraction during important economic announcements, yielded a buy signal and buy they did, up onto the point where they found highly motivated sellers.

Yesterday’s picks fared well today likely because they’re fueled with thick data sets and positioned to deliver career-ending blows to the opposition, ala Option Addict’s deliverance of MOMO shorts today (hat tip).

The standoff continues as far as I can see, but I could not resist putting on a lotto long after 3rd reaction. I’d tell you what it is, but it’s either too late to take action or wrong.

All we need to do is sort out these trannies and the market can rally.

Working The Tranny Grind

231 views

Airlines are being burned up today amid increases in capacity or some other rabble I couldn’t care less about. I actually love when people discuss the whys behind a move, but I rarely over think them.

What I do instead is go to charts I’ve been closely watching. In this instance, I pull up the Nasdaq Transport Index. I can see the dark cloud that formed yesterday was a proper warning, but now I am thinking buy the dip.

We came in hot, but this is bracket low. Buyers have defended this region every time we’ve visited it. You, rather markets, have to convince me this time is different.   If not, back through the grind haus we go:

Tranx.x05202015

 

I was blessed with foresight and sold my $VA position for a small loss yesterday. It was a bit of luck and a bit of overall caution on my part.

Bring Forth The Siesta

213 views

Nasdaq futures are set to open a touch higher for Wednesday after trading a balanced session overnight on low-end normal range and volume. The GDP data out overnight from Japan turned out to be not much of an event and the US dollar strength held overnight.

Today we had MBA Mortgage Apps at 7am. Coming up we have the weekly Crude/Distillate report at 10:30am and the collective attention of traders will at some point be focused on the Fed Minutes due out at 2pm.

Yesterday we printed a normal variation down day. Buyers defended Monday’s mid around the close when a late wave of selling came through.

Heading into today, I expect any early excitement to quickly fizzle and the markets to go into chop mode ahead of the afternoon minutes. Look for buyers to make a push up through overnight high 4510.50. Look for responsive sellers to defend near 4515 and two way chop to ensue with 4498 as a floor.

Hypo 2 sellers push off the open, close the overnight gap to 4501 and continue lower to take out overnight low 4496.75 and push below yesterday’s low. Look for buyers at 4491.50 and two-way trade.

Hypo 3 strong buying up through 4515 to target 4531.25.

Levels:

05202015_NQ_MarketProfile

Where We’re Going We Don’t Need Roads

386 views

Would you believe me if I told you I am tired of seeing charts? For eons, they were my babies, I’d nurture them and decorate them with macaroni strings and stripes and the latest in apparel [indicators]. Now anything beyond a glance summons a dread so deep it cuts right down to existence.

Nevertheless they are my friends and I put them to the test day in-and-out (no burger).

I like copper here. Ask a Pelican about how I mismanaged my copper position earlier this year if you want a rousing tale of mediocrity. On these walls I decree it shant happen a second time. I’m giving myself room and pressing my heels into the walls of logic.

Anyone who studies philosophy long enough will fall entirely in love with mathematics, for they present immortal truths one can only achieve with their minds.

Beyond copper I am certain the market is about to plunge us into a brown bag. You can either fill said bag with a forty ounce of ice cold malt liquor or lay plans to trade your way out of it.

All starting with tonight, with tonight’s sit and watch the Japanese GDP party.

 

PS – How TF am I supposed to sell HABT?  Look at this chart lol

The Cycle Is Complete

268 views

You’ve expressed interest in how I go about the morning–mornings are sacred. They’re a time before distraction. Elder Raul always said the best thoughts came before sunrise, before everyone else thinks them, I agree.

It’s a time to nurture the soul. I rarely rise particularly early but I am awake and taking in the sunrise from bed and listening to the birds. Next I water myself and the plants—the tomatoes, the grapes, the onions, the flowers, the rhubarb, and lots of hearty greens.

Then a shower followed with applying exotic oils like argon, rosehip, and meadowfoam seed. This makes me feel like an ancient Egyptian. A hearty breakfast is prepared—if often must sustain me through a good part of the day. I practice temperance at all times but nevertheless seek to consume 30 grams of protein and lots of dark leafy greens.

Then I queue up the markets. In special instances, like this morning, I will start trading before the open but usually my activity is RTH. Since my trading is mostly during RTH it’s rare I will check a quote on anything outside of these hours.

Then I report for duty, here at the top echelon of finance greatness.

So many forces are converging today and it has me on edge. Facebook will complete its 10 day oversold cycle today. It’s flawless record of 9-0 has extended to 10 wins. If Exodus had emotion it would be feeling like Mayweather right now. Instead it diligently continues its job without the need to nurture its mind or body.  You may feel like you’ve developed an understanding of Exodus’s substance, but it is quite likely you’ve only scratched the surface.  It will be many centuries before man can truly grasp the form, of greatness, of the virtues of robotics.

Exodus insisted we short gold. Had you, you’re into the meat of that cycle now. Congratulations on your objectivity. The Chinese Burritos have been granted impunity to broad market softness for the time being.

Nasdaq Transports (TRAN.X) are reversing lower, the Nasdaq Semiconductor Index (SOX.X) is trying to pull a bugger of a bracket high reversal, the Dow looks chill, and every other index is diverging away from the Nasdaq weakness intraday.

Rose colored sunglasses, my proprietary timing model, signaled the short over the weekend.

The USD/JPY spot price have converged to an apex and then pushed higher, initially, but with Japanese GDP on the horizon for this evening it’s hard to commit to.

Then just for the hell of it we have FOMC minutes tomorrow afternoon.

Now is a good time to have some cash.  Keep it until we see some resolution, then hope you don’t have to chase ridiculously higher prices in momo.