You cannot debate with a sublime harmony of mathematical precision. The PPT registered its 2nd highest score of all time yesterday.
In case you are wondering, no, I did not sell yet. I have my own reasons. Stay tuned.
UPDATE: I sold out of CENX and AKS
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Shorted the entire basic materials sector. 1% equity at risk. Looking for meltdown in afternoon rally especially in energy. Short-term trade. Looking to close out in a week tops.
Closed short for neglible profit. I’m done for the day. I am not confident to bull case or bear. Best case is to sit with case and wait for bargains.
I never made any serious money as a bear.
You held for one hour and ten minutes. That’s conviction.
Fly is this one of your websites?
http://www.theflyonthewall.com/splashPage.php?action=main&arg=A
no
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“what stocks are going to go up this week?”
Vestimbobulator!
Blasphemer!
looks like whatever your reasons that selling was the way to go… trust your system
EEM emerging markets would have to drop 4% to take out recent lows. And, until emerging markets break those lows, the materials XLB and industrials XLI have very chance of making new lows for the year.
The XLF banks are forming an “Eve and Adam” double bottom on 30 and 60 minute charts, with last week’s lows.
Yes, that’s a thing.
Has about a 66% statistical win rate, according to bulkowski
http://thepatternsite.com/eadb.html
pull the trigger please
Shomped and (Jim) Tressel(ed) all at once.
I TOLE YOU AND I TOLE YOU
i just shomped myself….it is possible
Are you sure it was a Shomp and not a Lewinsky?
hmm perhaps it was that dirty rusty trombone i was playing…
PREDICTION: Market will close flat for the day.
prediction: you have no clue
And you do? You lemmings would buy a box of wet shit if the ppt told ya so.
ME thinks the fly thinks the dollar is about to get toasted as a result of the inevitability of a QE3 and has gone long commods and energy.
Ben, needs more cowbell.
Stomp! party for SHOMP
http://www.youtube.com/watch?v=2EvWkUuALGg
“promotional copy” no less…
Hey Mr Fly, the Mets lost to the Pittsburgh Pirates last night. MWAHAHAHAHAHA! 1st time the Bucs won in City Field.
UUP looks good right here as a bottom for a new upward trend channel.
That UUP really sucks at tax time. I believe it is taxed as a Partnership so you will get a K-1 and it will probably be revised a couple of times through June and July.
Why they don’t set those up as Grantor Trusts (or whatever it is called) or a regular ETF is beyond me.
I would just short FXE.
Much easier at tax time.
I prefer options in these types of trades but yeah short FXE is just as good.
Newman just needs a helmet with bull horns, oh the humanity:
http://www.youtube.com/watch?v=kEpLncBG_Nw
They juiced the market yesterday so they could buy puts on the cheap for the slaughter today that they can blame on Congress for not raising the debt ceiling. It may also be a test to check downside pressure, as Ben and Brian have not appeared to support the market. Many of those unusual down spikes yesterday I saw on SPY could have been algorithm tests to check the amount of buys out there (thin market with big drops and air pockets) in preparation for shorting.
I am concerned about lighter POMO days in the future but we have rallied without big POMO days.