The Cycle Is Complete

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.

 

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