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Goldilocks Open

Bulls have to be careful. Every time they’ve launched an aggressive campaign early Monday morning they’ve been lashed by Tuesday and whacked with bamboo sticks by Wednesday.

This open so far is just right. Not too hot, not too cold. The slower, the better, IMO.

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Big Report This Week

Try as I might to compress everything that is setting up heading into this week, the Weekly Strategy Session still ended up being one of the longest ones yet.

There’s a ton of information both contextual and actionable that needs to be on your radar heading into the tail-end of May. Something I learned these last few years about the old saying, “Sell in May, go away.” is that often times it means to sell IN May aka during May.

There’s been a recurring behavior of strong Monday morning fizzled into weakness. Then each week bulls dig in and close out the week well. Last week they even threw in a conviction trend day. Boy do they need to defend it.

Otherwise it’s back through the range we go, full horror show.

There’s all sorts of subtle clues to which way we head this week and an exciting mid-week kicker, so why not pony up less then you paid for a shot of Patron last night to prepare yourself for the upcoming week?

TAKE A LOOK INSIDE THE Weekly Strategy Session.

EXODUS members – Can you believe The Fly gave me keys to the Exodus blog? Check out my piece in there. It’s on the art of turning dials and fiddling with knobs to hone into harmonic wins.

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Fend Off The Fizzles

You can’t sit still and you certainly can’t lament if you hope to stand a chance in the competitive world of business. There will be challenges that smack you with impression, do not be blown off your feet by the wave. Instead take a step back and objectively observe it. What is this? What is its character?

Momentum is important. If you have any, even briefly, use it to your fullest advantage. Press it until nature insists otherwise.

Celebrate the victories, and the losses, taking solstice in your objectivity and execution.

Most things are beyond your control. Will yourself into accepting external events and channel your energy toward that which you are the master, your thoughts, and sometimes you can shape the republic.

Today was a catatonic version of hypo 2 which is how the day after trend days typically play out—in the upper quad. It did not produce fireworks, it appears those will be saved for later in the summertime.

I’m constructive in these conditions. It would take a Texas sized hole opening up, spilling millions of Zenu’s caged demons upon to earth.

I’d like to say I’m off to guzzle down a cocktail of drugs procured from GNC to aid in my quest to squeeze barbells into pancakes. BUT I’M NOT, DAMMIT. I have other more pressing matters to attend to.

Have a good juan

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That There’s a Trend Day Bob

It isn’t often you can use the Dow Jones Industrial Average as your tell. Then again what’s in a tell anyhow? It needs to be actionable, that makes it valuable.

Like Exodus insisting Facebook was a buy at $78 at giving lots of cold dead data points as evidence.

But let’s segue into auction theory, try not to leap from your seat in excitement. Today is a trend day on the Nasdaqs and as long as we close upper quad it has confirmation. You can tell it’s a trend day because it left behind several bell curves on the volume profile, thoroughly auctioning each price on the way up, bringing value with it. The theory states that any entry during a trend day is a “risk free” entry into the following session, meaning, that odds are high we exceed today’s session high (if only by a tick) in the following session.

That might not mean much to you, but in the parlance of tomorrow being god forsaken option expiration day, I do say, quite boldly, it is reason to believe I will indeed see fireworks tomorrow.

Like forty dollar moves in Priceline and other high ticket stocks.

I intend to see the river card, pants down, middle finger up, sitting atop two cases of Coors light high speed bullet cans.

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Perfect Action To Cause Complacency

They are boiling the frogs ever so gently this week, 2 degrees per minute, you can set you watch to it. It seems less a market of sellers and more a market without buyers, but doing a fair job advertising lower prices.

Just some tinder here, one tally whacker who breaks the code of silence to turn on risk and the whole market will turn into a firework display. I patiently wait for my judgment, be it tossed into a bottomless pit or cased beer and fireworks.

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Embracing The Uphill Battle

Have I caught you just before a meeting? Ok listen to me anyway. Everything you see is a lie—parlor tricks created to fleece you of your hard earned dollars. You work hard, don’t you? Yes? Well let me do you a favor.

Throw away your books. They collect dust and crowd what should be a paperless modern lifestyle. Better yet, burn them. Make them into carbon like a palm oil farmer in the Serengeti. Books are only to be used as weights, for building big ass muscles, to attract a mate with comparable muscle mass, or MOAR.

Then start trading the Nasdaqs with your homie. Then, when the blood suckers go after your book of stocks, you can scrape back their take.

Terrorist sell robots came into the financial complex and gobbled up the NFP rally while good Americans were sleeping. America had to spend all damn day beating said robots back with a Louisville slugger, bear Jew style, only to yet again find more sellers back inside Monday’s range.

Meanwhile, another earthquake, tick-tock mates, hit. Soon a hole to the center of the earth will open and spewing from it will be perverts from Zillow who breathe on you and stroke your hair with their greasy hands.

In short, hells breaking loose so I should probably go lift heavy objects up and down until I swell as wide as a door jam.

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Only The Milk

Working the Nasdaqs only earned the milk today. Longs were denied access to honey. Instead today was a seller’s market.

The profile is mega balanced, but sellers are pushing into the thin prints below, and this may lead to a colorful overnight session. Prior to this softness they were paying out money for buying value area low. Check this lovely out:

NQ_MarketProfile_05112015_b

When the market eventually gave way to selling it called last Friday morning’s rally into question. Bulls won’t want to see Nadaq spending too much time below 4437.

Momo was out and about today, springing up in several industry groups. When seeing big gains in the indie names, it’s hard to give credit to the market crash claims.

Stay skeptical.

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I EXPECT THEM TO DIE

I used this morning’s gift bounce in Zillow to initiate an earnings gamble on the name. Long May $90 puts.

Markets are otherwise in summer grind mode—awesome to see after two weeks of whipsaw Willy paying us a visit. It’s still early, don’t go complacent.

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Moms Are Cool

Happy Mother’s day to all the ladies out there. As you know, the Raul blog is all about the ladies of finance. Feel free to cavort about my small piece of the interweb, fighting one another with pillows.

Today marks the 100th year of celebrating Mother’s day. Before then, today was just another reason to correct the mother of your children via spanking. You think I’m making this up? See below:

spank

Times are better now, because of this holiday.

I put together my best ideas for the upcoming week and mailed them out to all the Weekly Strategy Session subs. Now I must cut some fresh flowers from the yard to decorate the home and prepare skewers of meat for the hungry women soon to be infiltrating my home.

Feed your mothers (all of them) today lads, if only for one day, god knows they spent enough years filling your pie hole.

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