OFF THE SHORTS

This is the absolute worst tape to be shorting. It is slow, everyone else is out enjoying the sunny day, and you sit and watch paint dry. To say I am furious would be an exaggeration but I do feel flummoxed because I did not adhere to my plan.

You see, unlike all these other ham eating ASSHOLES, I pen my thoughts very directly each and every week. I want to be sure you know where I stand and exactly how I intend to behave over the next 5 days. Five days, that is all I offer. Here was Sunday’s thesis inside the Exodus Strategy Session, #nofilter:

Raul’s bias score 2.35, Medium Bear. The upcoming economic calendar is quiet and investors are starting the second week of August battered. Look for a fast move lower early—a liquidation type move that introduces real fear into the tape. The bias model is signaling the likelihood we flush lower then form a tradable low into the weekend. Wait for an event-like occurrence before legging back into longs.

By golly, if that exact scenario didn’t play out. Event and all! But here I sat, drunk on greed and pomp, and pressed into the hole.

Let’s be clear about something. It is hard for me to be bearish. I am a hard-wired optimist so the way of the bearshitter is strange. One more thing—yesterday, WAS AN EVENT. MAN! You can have this whole game figured out but if you don’t execute you lose. I am off to panhandle while playing with my iPhone, hipster style.