Best Buy had a decent quarter yet investors lit the stock aflame on weak guidance.  The gap was met with buying and buy lunchtime shares of Best Buy were back to even.  We are seeing other green shoots in retail today besides almighty Amazon.

My favorite slow retail names: WMT (long), KO, GM

Wishlist retail: LULU, KORS, AAPL

Avoid like the plague: GPRO, JWN, TGT

Best Buy joined the growing list of retailers being hammered after posting earnings.  Despite putting up decent numbers, EPS of $0.36 Vs $0.35 estimate, the shares are down about -9% following a cautious outlook.

The company has a decent online presence but still operates expensive Amazon show rooms.  The bigger surprise would be a positive reaction to Best Buy earnings.  Retail continues to be a pressure point as we head into the holiday season.

Despite having a bad read on the FOMC reaction I managed to have a decent day. It helps we had a massive rally and my book is without hedge. Naturally I want more.

My largest positions do not put in work like these index moves, they just sort of sit on the sideline fawning the FANG prowess.

More importantly, and much to my chagrin, I missed a big win that Exodus served on a silver platter because the oh shit model had me bearish on Monday. NOTICE: henceforth said model signal will be named the Bunker Buster (h/t Uncle Buccs) and will not be interpreted as bearish. It has always occurred at-or-near lows so it will be considered a BONUS if Exodus already goes oversold.

BOOM: Solutions. We do not wallow in setbacks over here.

Last week the New York attorney general told popular fantasy footballs gambling sites DraftKings and FanDuel to stop taking bets from the state.  Now Yahoo and their fantasy operations have come under scrutiny, per Reuters:

A probe by New York State’s attorney general into the fast-growing, multibillion-dollar daily fantasy sports industry has been expanded to include online media giant Yahoo Inc (YHOO.O), a person familiar with the matter said on Tuesday.

The move coincides with a court filing by Attorney General Eric Schneiderman on Tuesday seeking a temporary injunction that would shut down DraftKings and FanDuel, leaders among online companies offering paid-for daily fantasy sports contests.

Yahoo, which operates a daily fantasy sports site, was issued a subpoena by Schneiderman, the person familiar with the matter said. The company was not named in Schneiderman’s Tuesday filing.

Daily fantasy sports gaming “is nothing more than a rebranding of sports betting,” New York Attorney General Eric Schneiderman said in legal documents filed in a Manhattan trial court amid a widening probe. “It is plainly illegal.”

Fantasy football is worse than sports betting.  It is the dumbest pastime our country has ever encountered.  Spreadsheets, algorithms, funds, and time are all wasted on a crusty sofa in a campaign to be the ultimate football coach.

It is only a matter of time before the whole endeavor is banned and full grown men are sent back to the real world to play video games or gamble in the stocked market.

One of the biggest names in the biotech industry, Clovis Oncology, is enduring a huge gap down this morning on the highest volume of the year.  It did not take much to knock this giant on its ass.  A mere FDA request for additional clinical information regarding one of their stupid drugs, rociletinib.

The news is putting pressure on the whole industry this morning despite an early rally in index prices.

Keep an eye on CLVS.  Either the buy the blood investors see this as an opportunity, or the -70% gap down scares people away.  I am looking for the latter.

Today is really messed up. I have people sending me crazy videos of European refugees herding through towns like zombies. The NASDAQ is in the toilet, swirling around the drain. American retail is losing out to fabricated Chinese spending holidays. Oil, my goodness oil, is talking the bullet train lower. We have ourselves a real shit show on our hands.

Let us recall that today is Friday the 13^th. The northern hemisphere is now in short days and long nights. The demons kept at bay all summer long are now wandering the streets with longer working hours.

The general feel is dour. Everyone I talk to is paranoid and seeking solace. I only offer old philosophic ideals of objective judgment, unselfish action, and willing acceptance of external events.

The news cycle is full on negative. All the headlines read like an obituary to the American economy. All whilst the teenagers lash out against higher education—effectively calling our entire society into question.

All this, and the god forsaken doctors in the biotech group are keeping their index together. I do say, if we see bios roll, all hell will break loose this afternoon. In the meantime I bought a starter long in TQQQ because I am being objective. GOD WILLING, it gets blown to bits. Then I can book my biotech short and add to this index long.

Nordstrom Q3 EPS came in at $0.42 Vs $0.73 last year and analysts estimated the fat consumer would propel EPS to $0.72, boy where they wrong!? Apparently the fall months have been too damn mild, and no one is dropping stacks on pea coats and other high ticket items.

I had dinner last night with a Moosejaw employee who said the same thing—they have not seen jacket sales kick in yet this season.

The hipster may also be to blame here. Their overall disinterest with physical goods paired with their overall inability to earn a solid salary means a generation less interested in shopping at Nordstrom. It is rare you will find me in a Nordstrom. If it is not sold inside a Costco, it is probably not in my closet.

Fortunately winter officially arrived today. The murder mitten is a blistering 30 some degrees and winds are howling through the nearly bare trees.

External forces are killing these retailers while Alibaba blows our Cyber Monday out in 30 minutes.  America is losing.

Bulls are losing one of the great ones today. In fact, the whole cast of F.A.N.G. was pummeled into the bell. But the notable loser is big dog Netflix whose shares ended the session down nearly 4% after rumors of a potential Time Warner deal for a Hulu stake hit the wires.

Hulu represents a bridging of the Netflix moat. With Time Warner on board, said bridge would get concrete girders and 6 foot Vikings to handle any arrows or other lobbied attacks from the Netflix castle.

This is going to be real interesting. Developing…

Bulls had a shot earlier today.  We took out near-term low and quickly responded higher.  But now, as we round the bend and head into the close, biotech is probing back into the lows.

This could accelerate ahead of Friday the 13th.  I am tracking the biotech industry via IBB and trading the comeuppance via BIS.

UPATE: Click the blue date hyperlink below and go take my twitter poll on whether we see a Texas Chainsaw style Massacre tomorrow in biotech:

Will biotech be the scene of a real horror show this Friday the 13th?

— Raul (@IndexModel) November 12, 2015

Healthcare is the worst performing sector on the session, currently trading about one and a quarter percent lower. The bulk of the selling is taking place in the home health care industry with hospitals not far behind, but we all know which industry is really to blame here, yes? Investors are being spooked out of those bastard biotech stocks.

The industry, as tracked by IBB, is heading into the close near the low of  the week. Despite shrugging off weakness Monday, it appears the polytetrafluoroethylene (Teflon) surface of this cancerous industry is wearing off.

The industry is swirling with allegations including their hot, 30-year old female Steve Jobs being thrown under the bus AGAIN by The Wall Street Journal.

The hubris level peaked this week, prepare to see all the weak hands flushed down the shitter and back to their home—living with the penguin.

Guess what?  This Friday is the 13th (extra Hitchcock) and the grim reaper will be out for biotech bull blood.

The bloated healthcare sector is leading to the downside here.  Their unicorn, the biotech industry is standing broadside in an open field, and I am perched 30 feet up with a sniper rifle ready to put fifty calibers in its chest.