NASDAQ futures are coming into Friday gap down after an overnight session featuring extreme volume on elevated range.  Price worked lower overnight, reversing all of Thursday’s gains in a slow, methodical walk lower.  At 8:30am personal consumption data came out below expectations.

Also on the economic agenda today we have Chicago purchasing manager at 9:45am followed by U of Michigan’s final September reading of sentiment at 10am.

Yesterday we printed a normal variation up.  The day began with a gap up and drive higher.  Buyers trade to a new high of the week and held the gains through lunch before spending the rest of the session drifting back to the daily midpoint.

Heading into today my primary expectation is for buyers to work into the overnight inventory and close the gap up to 7658.  From here we continue higher, up through overnight high 7674.50.  Loof for sellers up at 7696.75 and two way trade to ensue.

Hypo 2 sellers take out overnight low 7617 off the open and trade down to 7613.25 before two way trade ensues.

Hypo 3 stronger sellers trade a gap fill down to 7590.50 before two way trade ensues.

Levels:

Volume profiles, gaps, and measured moves:

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NASDAQ futures are coming into Tuesday gap down after an overnight session featuring extreme range and volume.  Price worked lower early this morning after spending much of the globex session in balance.  As we approach cash open price is hovering just below last Friday’s low.

On the economic calendar today we have construction spending and ISM employment/manufacturing at 10am followed by a 4-week, 3-month, and 6-month T-bill auction 11:30am.

Last week began with a gap up and drive higher across the board.  The rally continued into Wednesday.  Then we saw divergent strength from the tech-heavy NASDAQ while the other indices retraced.  The last week performance of each major index is shown below:

On Friday the NASDAQ printed a normal variation down.  The day began with a slight gap down that buyers closed.  Buyers discovered a responsive seller ahead of the Thursday high and we spent the rest of the session slowly grinding lower—eventually going RE down late in the session before bouncing back to the midpoint end-of-day.

Heading into today my primary expectation is for buyers to work into the overnight inventory and close the gap up to 7672.50.  From here we continue higher, up through overnight high 7693.75.  Look for sellers up at 7700 and two way trade to ensue.

Hypo 2 stronger buyers sustain trade above 7700 setting up a move to the measured move target of 7739.50.

Hypo 3 sellers gap-and-go lower, down through overnight low 7628.50 setting up a move to target 7600 before two way trade ensues.

Levels:

Volume profiles, gaps, and measured moves:

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I will explain everything you need to know about Tesla in less than two minutes.

But first a brief programming note.  If you believe that Elon Musk was sent to Earth to shepherd mankind to new planets while saving our dear blue planet, there is a tribe for you on Stocktwits.  A feature launched last week called ‘groups’ and it allows members to form private gathering places.  As an elected community organizer for Stocktwits Detroit, it was my civic duty to form The Disciples of Elon.  

The Disciples of Elon exists only to spread the good word about Tesla, SpaceX, and Our Dear Leader.

Stocktwits is not paying me, nor is Elon Musk (Praise!) but I am long a considerable amount of TSLA stock.  The only compensation I’ve received is a Stocktwits tee shirt.  Here I am wearing it:

NOTE: None of the other upstanding citizens pictured above are Disciples of Elon.

Anyhow here is what you need to know about Tesla.  The people who matter, the same people who banished InfoWars to the deadlands of the internet, have faith in Tesla.

That’s everything you need to know about Tesla.  I told you it would take two minutes.

#BULLISH

ciao ciao kiss kiss

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NASDAQ futures are coming into Tuesday gap up after an overnight session featuring normal range and volume.  Price worked higher overnight trading well up into the upper quadrant of the trend down that occurred March 13th.  As we approach cash open prices are hovering near Globex high.

On the economic calendar today we have ISM non-manufacturing/services composite followed by a 4-week T-bill auction at 11:30am.

Yesterday we printed a double distribution trend up.  The day began with a gap up beyond last Friday’s range and a drive higher.  This set the tone, and after some morning chop buyers extended their campaign higher before settling into a tight balance.

Heading into today my primary expectation is for sellers to work into the overnight inventory and close the gap down to 7148.25.  Look for buyers down at 7141.75 and two way trade to ensue.

Hypo 2 buyers step in ahead of Monday session high 7151.50 setting up a move to take out overnight high 7174.50.  Look for sellers up at 7181.75 and two way trade to ensue.

Hypo 3 stronger buyers sustain trade above 7187.25 setting up a move to target 7200.

Levels:

Volume profiles, gaps, and measured moves:

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I feel defeated.  Went live on Instagram, then my YouTube livesteam crapped out.  Then my phone died.  All recordings are lost and worst—I wasted my time and yours.

I spent longer than I should have putting together a nice set comparable to ‘Between The Ferns’ with supplemental lighting and all, because I know how much you all love seeing my beautiful, child-like face and exquisite physique.

Any-fuckin-how here are the 14 stocks that came out of the Exodus quant:

The Q1 leg of my quant will be equally weighted into the above names first thing Monday morning.  Hopefully at better prices.  According to my robots, we will gap down Monday then rally all week.

I have no idea if they are right but there is nobody else worth listening to.

See how salty I am?  I am going to shut up now and continue reading Russian literature.

Before I go, just a heads up, the quant finished out it’s first trip around the sun with a return in excess of +20%.

Here’s to another year of prosperity ::smashes mug of chamomile tea through computer screen::

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“The rare sight of sharks and crocodiles feasting on a huge humpback whale carcass has been recorded off Australia’s Kimberley coast.  The spectacularly gruesome footage was recorded after a tourist cruise boat spotted a massive object floating in the sea north of the remote Montgomery Reef.”

ABC News, November 28th, 2017

NOTICE: There will be no discussion today on the RAUL blog regarding crypto currency.  You are on your own.  There is something much bigger and primal to discuss.  And if you pay attention, it may just improve the way you attack the bitcoin market, or whatever.

You need think about how your brain thinks.  This is important.  One of our firmly held investment beliefs is that we are at the beginning of an era of economic prosperity the likes of which nearly every living human has never seen.

A revisiting of the roaring ’20s, but this time the driver is automation.  Soon our daily lives will be augmented in a big way by AI.  Listen, we are a point where computer power goes parabolic according to the rules established by Moore’s law.

While computers can handle massive feats of calculus like we see in the bitcoin-blockchain-mines, they still lack a human touch.  As primitive as the biological bodies are that we inhabit here on earth, these decaying meat sacks are still impossible for us to build.

We have investments in CRISPR that are challenging this impossibility.

But my favorite theme going into 2018 is humanizing AI.  When I was out in California I had a conversation with a girl who reached out to Match.com and demanded all the information they had gathered on her through her use of Tinder.

They sent her over 500 pages, many of which were downright humiliating.  Think about what is going on when a person uses Tinder.  You are seeking companionship, maybe even love.  At a minimum you are curing boredom through snap judgement of other people.

In any case seeking companionship is a time of human vulnerability.  Desperation even.  There are all these societal pressures as you grow older, especially around the holidays.  To pair off and procreate.  It can drive weaker minds into a panic.
Humans fear being left behind.  Abandoned.  Excommunicated.

There are a few conversations every year that I walk away from firmly believing an opportunity exists.  I have not had one since the CRISPR situation back in Q1.

Match Group is the next big one, ticker symbol MTCH aka Lil’ Mitch.

Investing and trading are one in the same for me.  There are long periods of nothing.  If you become bored you run the risk of finding ways to justify taking action.  Action for the sake of activity.

This used to be a big problem for me.  Then I started to study to crocodile. Why the crocodile?  Because the species has been roaming the earth for hundreds of millions of years, unchanged by evolution, because it was properly equipped to survive on planet earth before any trace of humans even existed.

How does a crocodile behave?  It waits.  It uses very little energy, loafing around in a puddle of mud, not moving for days-weeks-YEARS.  Then, all at once, with absolute tenacity and certainty it strikes.

And feasts.

A crocodile can go up to three years without eating.  It can fast.  It can wait.

So when Tinder parent Match.com hit my radar in late-November I pulled up a chart, much like I always do, and I decided where I am going to sit, like a floating log, waiting for my opportunity to strike.  I decided to wait at $26, look:

But life does not always work out perfectly, and sometimes you have to inch a bit further ahead, especially when you have contextual reason to believe your meal may not fall right into your mouth.  In the instance of MTCH, we had repeat bullish signals coming out of the Sunday quant.  I knew I needed more exposure to stocks before the rising tide began lifting all boats.

So as I barrelled down the interstate, traversing from Jackson Hole-to-Detroit, I was having a running dialogue with my OG homie:

I am sharing all this behind the scenes information for the simple fact that I want you to see my thought process and how I act when it comes to investing.  I do not seek your admiration.  These are the ramblings of a salty old reptile.  But if it helps a 21 year old version of me to be more PATIENT, then there is a better chance they will survive their learning years and become a successful steward of their own investment decisions.

That is all I really fight for out here on the blog, to liberate the small-to-medium sized investor from the fees and charlatans that exist in the world of finance.

It really is not that sexy.  Being a crocodile is boring most of the time.  But once you have sunk your teeth into a trade properly a few times, and you develop a taste for blood, it is hard to go back to living a normal life.

We are at the precipice of something huge here.  Feeding massive data sets of raw, vulnerable interactions into a learning computer might be a way to make humans more comfortable inviting a servant robot into their home. Match group is sitting on an extremely valuable data set.  They are also growing their revenues and earnings:

It would not surprise me to find out Google or Facebook or Amazon has Match Group on their radar.  That Google executives are waiting in the fringes like crocodiles, wondering when they can sink their teeth into the glorious data set hiding behind these corporate walls.

Now that my feeler position is up +10% I have to grow some huevoes and average up.

#developing

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Listen to me, I do not have enough time to formally address you, the finest people of the interwebs, about an important social development.  However, it is vital that it be noted.  Therefore I am panic typing this brief message to you before I return to my laboring.

My services are in extremely high demand this time of year and I have been pulled into a courting dance set to take place at an ungodly hour Thursday morning, and I have to be on my best behavior.

I may even shave this disgusting beard.  Probably not though, it contains all my strength.  These are old white men I must address through, and they often say my black beard makes me look like a terrorist.

Maybe that is a good thing, to scare them a little.  I cannot call it.

MOVING ON>>>>

Are you freaking kidding me!?  Nobody is talking about the 10 bagger Twitter shares threw down yesterday.  Our new authoritarian regime took control of the free world by enraging the domestic herd.  This vile movement, with all the trimmings of hate and fear, happened almost entirely on Twitter.

The world was taken over using Twitter, you do realize that yes?

Say what you will about @Jack or @Dick, these guys are in charge of the most important platform of words, which are like bullets in a machine gun, on the internet.  And therefore @Jack and @Dick are in charge of the most important platform in the world.  Because the internet is the most important thing in the world.  A thought can reach billions and billions (extra Trump) of people in hours.  The internet is like a printing press powered by nuclear bombs infused with alien blood.

So when this dog of a stock finally exits a looooong period of discouragement without the sounding of trumpets, fucking five alarms go off in my demented head.

Everyone is enamored with crypto investing.  Their obsession with instant gratification has blinded them to the slower, more satisfying pleasure of long-term success.  Deep, and slow, like Barry White.

As you probably do not recall, which is fine, I added to my Twitter investment a few weeks back when my mind was unhealthy and full of disgust for mankind:

Listen, I added to my Tesla investment yesterday.  I started to write a piece about why I bought more Tesla, but the words that came out read like something from 4chan.  I realized a disease state had taken hold inside my body, some kind of dark aberration.  I had to draft the piece and go sit silently on a rug for two hours.

Then I came back to my computer and added to my Twitter investment also.

I spent the rest of the day reading old philosophy books and working in the gardens.  Then I stayed up late to watch the Tesla semi event and crypto-fork.

I do apologize for becoming so vile in November.  I had been in my fish tank too long and had no idea how murky the water was that I was swimming inside of.

But alas, when I added to my position it reduced my cost basis from 27 to 25, and do you know what that means?

By golly a Christmas Miracle.  For the first time in a year and a half my massive Twitter position is in the green.

And that is not important.  What is important is that NOBODY IS TALKING ABOUT THE TWITTER RALLY.

Therefore it shall continue.

So it is written, so it shall be.

AMEN AND CIAO

 

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Greetings lads, the 149th edition of Exodus Strategy Session is live.  The algorithms that we use to form a directional bias are all neutral.  There is a slight, very slight hint that bulls will be in control.

Pair that with markets hovering at record highs and it seems like favoring longs is the move next week.

Aside from the report, it is currently about 90 degrees in Michigan in the fall.

Good time to find someone who has not closed their pool yet and have a chill and relax.  That is exactly what the team of scientists at iBC labs intends to do.

Good day to you.

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Greetings from the northeastern coast lands of America.

The air is brisk and smells clean.  The wind is fresh and the water is clear.  While tick infestations have managed to climb into the mid west, pest conditions up yonder are safe.

In town there are 375 different coffee shops offering blistering fast wifi, and with it contact was made with Mothership, which runs on Jet Fuel Only.  Mothership was commanded to make several passes over the financial markets and assess the behavior of the auctions.

While they seem somewhat healthy, no clear directional forecast emerged from the systems.

Therefore we are neutral, and overall just happy to be here.

July is a fine month to explore lands often dominated by arctic winds and hellish ice.  But remember, water always wins.

Exodus members, the 139th edition of Strategy Session is live, enjoy!

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Greetings from the cool northern planes lads!

It is with humility, and three days without hot food that the good scientists of iBankCoin labs took to the satellites to connect with mother ship and prepare a strategy session for the end of June.

Last week we came out with a bearish call.  Come Monday, before we even had a chance to take action, the market made it evident that selling was a fool’s errand.  A pro gap up and opening drive higher nullified the Sunday reading.

Sometimes you have to improvise if you intend to survive.

Therefore, it comes as somewhat of a relif that the systems generated a neutral reading heading into next week.  Neutral, barely, by 0.02.  Still, the model is neutral.

We are headed into month end, and into a weekend most 9-5 corporate slaves will use to celebrate AMERICA earning its independence.  Then they will independently imprison themselves back to their low-purpose job.  Summers were intended for man to fart around, following whichever whim pulls at him most.  Do not let anyone tell you otherwise.

Models are neutral, the heat wave has passed, we are blind headed into July.

Exodus members, the 137th Edition of Strategy Session is live, go check it out!

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