I do elaborate work on the weekends. While the markets are closed, I roll out maps in the war room and review enemy positions.

I look for weak points to direct the potent spear tip of a blitzkrieg. More then ever my style is inaction followed by aggressive position. This decisive maneuvering is the love child of a bastard bull market with shifty undercurrents.

Now, with markets opened and four cards nearly on the table, the markets need do little more. As long as the bears don’t catch a flush on the river this week will set the stage for a warm ascent.

Now I must see about leaving this overcrowded wünderland and returning to the desolate ruins of Detroit.

Typically neutral days are my favorite day type. They rile everyone up, cause confusion, and most importantly they set up sweet intra day opportunity. But whoever directed us into this neutral, did so with little time on the clock, effectively lopping off opportunity for bulls to complete the reversion trade.

Market trust levels are low, and events like this are behind it. You can’t be a 10 day trader and turn your back on this market. As a matter of fact, the 10 day trader is a dying entity. You can either hunker down and invest, or shorten your time frame.

But enough glum, more fun. Twitter is a perma-favorite of mine and Exodus telegraphed this move rather lovely back on March 24^th. On that strong day, TWTR became overbought, which is cool because it gave me a trove of data to analyze. Said data described how the next several days would likely go, and indicated that behavior was likely to be a bit dodgy for the next 3-5 days, but around day 10 the signal actually bodes well for bulls.

They have something special with Periscope, and all the heavy hitters are using it. That says something. Just like they love to tweet, they love to Periscope, aka, they love Twitter. You should too, regardless of any silly rumors.

All time highs or bust.

https://youtu.be/9VV8sgVSZNQ

People are becoming rather reticent on the subject of allocations at these levels. Nobody wants to be caught with their pants down, levered long of the tape, when it makes a decisive move lower. The nature of buying verse selling creates a fear.

The primary fear is being too far from the exit. This puzzles me a bit. Markets are electronic. They’re fast, but so are the execution tools. We’re not talking about picking up a phone and sending a handwritten order down a chute to a smoky room of ingrates who pull rusty levers. Modern financial architecture has come a long way.

Nevertheless, you won’t find a shortage of critics. But think of it this way. Pick a high school sport, say football, and of the three-four hundred spectators there will always be two or three asshole hecklers. Now extrapolate that sub-set to everyone involved in finance. Then give them a Twitter handle.

Said another way, sentiment is in the pipes right now. It feels like a good time to press risk. And if I am wrong, I will stop out and reassess, thus living to fight another day.

But what of the salary Joe’s retirement plan? What of the worker bee whose entire nest egg is predominately market exposed? Do we really think they let that go upside down? Preposterous. The house of cards requires growth.

Markets underwent an upheaval of sorts this morning, propelled by the enthusiastic thrusts of amped up bulls. As we round the bend, prices are trading on the low end of April fool’s value area. A zone wrought with shenanigans and predatory algorithms.

To declare today a grotesque victory is a bit premature. There is still much work to be done in the bull camp. Columns must be erected, walls fortified, and vats of molten tar refilled. But this morning they beat off the confident bears who, driven by fear, crowded into the hole of demise.

Everyone sashays around the internet all googly eyed speaking “truths” like how nobody owns puts and everyone is a complacent bull. Yet when you actually investigate last week’s data, dammit, put buying was among the highest we’ve seen in two years.

So the fuck what VXX is chilling? It is a bastard measurement and particularly effective at confusing 95% of its observers.

So what’s next? That’s a fair question. Shorts were in for a pretty warm squeeze this morning, but we haven’t found sellers yet. Look for a run up to Nasdaqs 4358.75 and take it from there. This week is what I affectionately call an early riser. They can be nasty if they trap bulls all week, but that was last week’s play so perhaps this week it sticks?

Ultimately Wednesday is the arbiter, the day of the hump.

And $51 oil.

And earnings. Wednesday.

Let’s not be mawkish about what will happen when markets open this evening. Instead let’s just be candid for a moment, shall we?

What transpired Friday morning, whilst 95% of the world was bereaved by the death of Jesus, was a complete sham. Fodder for idiotic animals to troll about in—a favorite pastime of modern cave folk.

I am of the opinion, backed by copious amounts of data, that said sham will not affect my person, even temporarily. In fact, it may even serve as bull tinder.

In summary, Father forgive me for their gains I am about to receive.

WSS subs, the latest report is out and should be hitting your inbox shortly.

There’s always work to be done, and one must make time for all of these matters. If you engage the markets on a daily basis, other duties may soon fall behind. This must be combated. Of course it is easier said than done.

On a day like today, which is a working day for all intents and purposes but with closed markets, you can often rediscover how productive you are.

Hopefully you enjoyed your Friday, may your weekend bring good tidings and the return of pork.

Happy Easter!

This is day two of market profile “normal” day types. In trader language, that means “Why are you even here?” It also means, “I hope you were fading the extremes.”

Because there is little else a feller can do to scoop a few nuts from the barrel in these conditions. I talked through a setup I’ve been working inside 12631. It had me engaging the futures right up to the closing minutes. There were simply too many sell orders for my stats to play out.

That’s why they’re 94.3% and not 100% you dig?

Nothing in this game called life is guaranteed. If it were we would all be hanging out on street corners shooting dice. No, instead we must labor away industriously, adding value to society, mankind, and nature in a constant state of interconnectedness.

Per the norm, I highlighted one of my positions and it was knocked to lows. Therefore, I am going back into my cave to recite scripture to dogs and cats.

Get your blessed ass to church you heartless internet robots.

One of my largest holdings has been quietly making fresh 52-week highs the past several days and looking at the float, this crowded short is about to make aggressive pelvic thrusts to the upside.

SUNE has completely disregarded the shenanigans in oil. Oil is SUNE’s distant cousin who still lives in decrepit villages without toilet paper or electricity. What once appeared to be a meaningful relationship is now a relic of another era.

You may be thinking to yourself, “Well I can’t chase it up here.” And you’re right, you can’t. But you can enjoy the fireworks when others are forced to chase by insistent margin clerks.

The best part about the solar trade is what Exodus is telling me—little whisperings that the move has room to run.

So it shall.

Auto mechanics are positioned well to prank people on April Fools’ Day. I learned this today. It was easy to quote me a disturbing price for parts and labor. I haven’t the slightest clue what the going rate is for their greasy work.

What isn’t fooling me is this Wednesday selling. I cannot say I am positive, but I can say with certainty nothing has occurred to make me deviate from my call that the Russell is making a major breakout here.

If bulls lose their Russell foothold, then I will discuss if I am in fact, the fool, via Periscope, with the explicit intent of buoying Twitter’s share price.

I am staying out of the way today as higher time frame participants rip through the financial complex. Here we are, the second quarter is up and running and volatile. We’re yet to see anything redeeming from the bull camp who came into the day with the disadvantage of short term control being sell side.

Fueling the dislocation of bulls is transports. Airlines were downgraded today sending my SAVE position careening toward earth. I am not fully satisfied however and will remain positioned until my hand is forced.

Oil is making a barbaric move to the upside on the news we are again (and always) at war for the sacred goop. Twtter caught an upgrade off of Periscope yet is in purgatory until the overall market can shape up.

The session low looks okay, but it is still much closer then session high. Bulls have to ‘climb the flagpole’ to claim victory on the day. Range extension is still up for grabs but we may end up printing a normal day.

Until more color emerges, sellers are winning and it’s best to stay out of their way. As for oil, you’re either already in it, or an observer IMO.