WELCOME TO MY TIME MACHINE

How many times do I need to show this to you?

On the back of that monumental Obama state of the union address, where he motivated every single american to become a factory worker in Detroit, I expect the market to rip tits to the upside tomorrow. However, it’s a Fed day, so anything can happen.

Here is what I said on Sunday night, inside of The PPT blog (just the conclusion)

In short, the Oversold signal is most effective after 3 days from the original signal. Judging on past results, one could begin buying on Monday and continue to add to position until Wednesday, in order to properly play the signal. I’d set some stops underneath newly acquired shares of about -10% below basis, just in case “this time is different.” In order to buy into a bad market, faith and patience is required. It’s always scary to buy into what feels like doom. However, the market hasn’t disappointed us in years and we’d be remiss to not give it the benefit of the doubt now.

My strategy played out a little different, for a reason. For one, I was fully invested in a lot of semi-liquid biotech. Into strength, I’ve been able to sell PRAN, RPTP and BALT, while cutting losses in ATOS and BMRN. I am left with high beta tech and natural gas that could very easily offer me high beta returns; so I didn’t lose much by selling, with respect to the rally to come.

I intend to sell into this strength and position myself to buy the blood. It’s very possible that we go straight up from here. But with Asian sovereign debt yields on the move higher, I like my chances of being a skeptic here.

It’s gonna be a long year, so bide your time and don’t force trades.

The market went up and I sold into it, yadda, yadda, yadda. You know I held long because of The PPT oversold signal and the market responded in kind today, preserving its flawless record over the past 6 months. But I have more important things to discuss, like the commodity of time and how invaluable it truly is.

My time, given my annual income, is worth many thousands of dollars per hour. I tend to choose to spend my time wisely, not in a slavish manner by any means. I indulge myself whenever I get the urge. Hell, why else am I here on this God foresaken planet? It certainly isn’t just to help you bozos figure out the market.

Anyway, I just wanted to say that I saw the mini-series KLONDIKE, starring the guy from Game of Thrones, the one killed like a stupid idiot at “The Red Wedding”, Rob Stark aka “King of the North.” JESUS CHRIST was that a bad and frustrating movie. It was the most ridiculous thing I’ve seen in years, if not decades.

The part when the guy, somehow or another, managed to hide all of his gold in the toilet, filled to the brim with shit, clinched it for me. I nearly lost it at the end when “The King of the North” was fondling a fucking orange.

If time is something that you deem to be valuable, DO NOT WATCH KLONDIKE, for you will regret the decision for the rest of your natural lives.

I sold out of RPTP, BALT and ATOS. I am keeping GOGO, AFOP, ANGI, AREX and a few others.

My largest position is cash, now up to about 25%.

A very stupid broker I once knew used to say “I am making lateral moves” to the boardroom, whenever he did a bunch of trades. Keeping with that comedic tone, I swapped out of some of my RPTP and tripled my position in AREX.

With the polar vortex freezing the noses and feet of America, I am bullish on natty here and less bullish on biotech hand grenades, in light of the risk off environment. In other words, take the bounces to reduce risk.

UPDATE: I sold out of the remainder of my BALT.

Oh come on already. Day rates for capsizes just fell by another 10%, to levels that I never thought I’d see again. These seamen out there, moving stuff around, heading towards China, hemorrhaging money now.

Most of these companies are losing $10,000 per day now and BALT is in an especially tenuous spot, being 100% tethered to spot–having just doubled its fleet. Ouch.

This is all about iron ore, demand emanating from China.