Down We Go

Too much red to recover today. I sold out of my TNA and jumped into TZA @ $38.

Bernanke is a bearded clam. Let the market do its thing. Stay focused on them murderholes and God save you if you are leveraged to the upside or downside.

I said it before and I say it now: this is a meat grinder of a market. Trust nothing and no one. Take trades and book them. As for Ben’s comments: WAY OVER BLOWN. Who cares what he says?

Answer: I suppose you do.

Bottom line: people are confused.

I bought 10,000 TSO @ $11.83.

Disclaimer: If you buy TSO because of this post Obama will ban gasoline. And, you may lose money.

Yen up, treasuries up, Euro down and oil down: not a very good combination for a market rally. But, the metals are running with their fucking heads on fire here, with big gains out of X, CLF, FCX and TCK. Since I sold my CLF early, I will hang onto my X until the Earth cracks in half and dissipates into outer-space.

Like gravity, fears of a big market sell off are nothing more than an illusion. With solid earnings out of both MS and WFC, it would take a great deal of bearshit fuckery to melt this market down today. Stay focused and quit reading so much Zero Hedge; it’s bad for your portfolio.

With my money, I am loooooong vast amounts of EWZ and FLS, with sincere hopes of adding more donuts to my checking accounts. My VXX position, as discussed, will be added to lower. Quit asking questions.

I will sell TNA, north of $40, while dancing on bearshitter graves.

Based upon the laws of mathematics, the following stocks are poised to move higher, over a 5 day time frame:

GR, IYG, STI, MTSC and FLS.

Good day to you and yours.

Who knew?

Maybe I knew? Perhaps, even a thousand others knew.

Strategy from here on is to acknowledge my VXX trade as “untimely” but still relevant. I will add to the positions 1-2 points lower, as we head towards the top end of the recent range. At the close of trading, my largest positions were VXX, EWZ and FLS. Personally, TNA is, by far, my largest.

When dealing with time machines and such, one has NO FEAR, while investing in the stock market. Most of you are well aware of my positions and understand my abilities to turn rain into rainbows, like a fucking magician leprechaun, are not only ordinary, but expected.

Yes, I will hold VXX and buy more lower. However, for now, I am enjoying my longs, as the sprint higher into Elysium.

As much as I try to avoid losses, they plague me.  I run away from them and throw m-80’s at them, from the back seat of my 1980’s style stretch limo; but, eventually, they find me. Like anyone else in this business, I am prone to error. Like the old tales of men trying to invent magical elixirs that will let them live forever, I have not been able to eliminate losses from my repertoire of  bad habits. I say “habits”, because I am responsible for my actions. No matter what extraneous events take place, the buck stops with me. It is my goal, as a dignified outstanding member of the investment community, to avoid losses at all costs. But I am afraid, much to my chagrin, my dreams of perfection are nothing more than a grandiose exercise in futility.

Do not misconstrue: “The Fly” is doing very well this morning, as the stock market firms up. My positions are zipping higher and my personal account gains are so great, so extraordinary, I cannot share them with you for fear of bringing on outsized animosity and hatred upon my person. For the sake of my family and fellow bloggers on iBC, I cannot do that. Hopefully, the majority of you can sympathize and understand my plight. For that, I am eternally grateful.

However, what I can share, most gleefully and boastfully, are my client YTD gains of more than 43% aka 20x your average hedge fund manager.

Kids, Le Fly is not playing games here and you certainly are out of your league, well above your pay grade, when attempting to compare yourself to me. To me, buying and selling stocks is as easy as riding a child’s tricycle.

One final note: as this website matures and establishes itself as a viable business, it’s important to keep working in the iBC laboratories for new/innovative financial products/tools. As you know, iBC has the PDS and PPT systems under its grande umbrella, both algorithm based systems that are meant for institutions, but retailed out to the proletariat. I am pleased to announce, after many months of hard work and deliberation, on the part of the iBC crew: 12631.

Do not ask what 12631 means, for it is none of your concern. Just know, it has my stamp of approval and will serve as an addendum to The PPT. In other words, IT WILL NOT be available for proletariat usage. It will be available for PPT members only.

Good day to you.

We’ve been working on something you will like.

Yen down, Euro up, Treasuries down, oil up and BP tame equals a higher stock market.

For client accounts, I closed flat, as my newly formed VXX position negated my long directional bets. However, in my personal accounts, which are far more aggressive, I made stellar gains, as I reversed my FAZ position and went long TNA. Additionally, I bought a sizable position in STI, for personal gain only.

All in all, today was a solid rebound day. It’s also worth noting, The PPT called it again. However, despite today’s run, I am 20% hedged in VXX.

Good day to all of you.