Take The Ticket

Please, by all means, pull up a chair. We have to discuss the situation we’re in.

Despite a valiant attempt to mend the charts bulls are stumbling about the china shop. Their hooves are slipping every which way on millions of marbles strewn across the floor by clown suited algorithms. Don’t laugh bears, they intend to exact the same hilarious gag on you.

The markets are no longer permitted to look good for bulls or bears. Much like the internet, they are designed to squeeze profit margins down to extinction. They are destined to test every drop of fortitude you’ve got.

It is your job, your only job, to become exceedingly selective with your trades. I have reduced the number of day trade types I will pursue down to 2 from about 9. Only the milk mates—the crème is off limits.

As for swing trades, duration is no less than 3 months and it would be a cold day in hell when you’d find me buying something without the institutional support of Exodus. Oh indeed, you may have noticed 3 months means earnings will be held through…you’re god damned right. Therefore the names I choose must pass a moderate litmus test of fundamental growth and valuation.

All my data is fine and dandy and pointing to lower by Friday, but ultimately our fate is in the hands of WFC, JPM, BAC, and C. I suppose GOOGL and INTC too.