This Week in Exodus: Out of Gold, New Bubble Basket, Preparing for a Pullback

It’s 3am and I’ve been driving all night, so I’ll make this somewhat to the point. Last week I closed out my gold positions. I did so because…well, I’ll let me Exodus post speak for itself.

After booking my gold positions and watch stocks lift, I highlighted how overbought the market was, according to Exodus. Bear in mind, I’ve spoken about how overbought signals do not equate to immediate pullbacks before. As a matter of fact, Exodus overbought signals are better signals for stocks to rise, probability wise, than our oversold. However, there are levels to overbought heights and last week we reached a high point, the ebb tide.

Here is just one case of how stretched markets are, using only the basic resource sector as an example. The oscillator is our hybrid score model overlaid and specified for this particular sector. As you can see, these heights do not last very long, indicative of potential weakness in the not too distant future.

Lastly, I reu laced 16 names in my Bubble Basket, which is an index of stocks I deem shortable, a key barometer of risk that is readily tossed into the fires during periods of stress. This index is off by 17% for the year.

Britain’s most valuable company, Arm Holdings, is being acquired for $32 billion or 50% higher than Ftoday’s closing price.

The chip giant, main supplier for Apple, should see its share price climb towards $70 today. If accepted and passed, this deal will represent the largest deal ever made by SoftBank.

Related: SoftBank just sold part of its Alibaba stake recently for $14 billion. In other words, they’re fading China, going long the UK.

These people running China are literally like the dark creatures from middle earth depicted in Lord of the Rings. It’s patently absurd to simply wipe out another person’s life’s work, and source of income,  just because it offended an important government official.

While our freedoms here are considerably greater than most countries in the world, the trend doesn’t look good for freedom. The lies  that were told to us, regarding how exporting our capitalism to countries like China would cause reform, is laughable. You know what has happened since we’ve undertaken a policy of extreme globalism, business first, America last?

Instead of changing the tyrants overseas to become more liberal, we’ve become more like them. And that goes for all western societies. China is your future.

At the peak of her WeChat blogging career, Laura Lian was earning about $7,000 a month. Writing satirical articles for more than 220,000 fans, she won backing from an investor and quit her public-relations job.

Then it all came tumbling down. Internet authorities shut down her blog, called Shameless China, with no warning. It happened just after she posted an article mocking Chinese men’s hairstyles, including former President Jiang Zemin’s slick-backed coiffure.

“It didn’t dawn on me how serious the situation was,” Lian said. “I didn’t realize I was never getting back this account and all my followers.”

Lian’s story underscores how precarious the world of blogging remains for many writers in China. Well-known bloggers have been jailed and shamed on national TV. Qin Zhihui, a well-known author on social-media platform Weibo, was sentenced to three years in prison for publishing false information to drive web traffic. A 2013 missive by the Supreme People’s Court and top national prosecutor effectively criminalized defamatory web posts that are read by more than 5,000 people, reposted more than 500 times or caused people to hurt themselves.

As one of the 20 million official accounts operating on Tencent Holdings Ltd.’s WeChat, Lian’s account stood out for its blunt and edgy humor about Chinese and expatriate stereotypes. WeChat, which had 762.4 million monthly active users at the end of March, is a mobile app that blends chats, blogging, shopping, digital wallets and other smartphone apps.

Even before she started Shameless, Lian knew censorship was an issue. China polices and aggressively scrubs online content deemed undesirable or a threat to society, from violence and pornography to anti-government commentary. Tencent said in May that it deleted 85,000 rumor articles and that 7,000 accounts were punished for violating regulations “to maintain a healthy internet environment.”

Canny Lo, a spokeswoman for Tencent, didn’t respond to an e-mail and text message seeking comment.

I am not surprised in the least. Horrific events in Nice, France, a failed coup in Turkey and a racially motivated killing of police officers in Baton Rouge cannot stop the perverts from buying SPY futs.

The pound is higher by 0.4%, yen lower and futs up around 3. The NIKKEI is closed tonight, so we’ll all need to imagine how much Nintendo would’ve gone up today, had Tokyo been open.

In the week ahead, anticipate racially divisiveness in Cleveland, as the media foments wanton hatred against Trump and his supporters, during the RNC convention. And, look out for  last minute fuckery by the RNC, who might try to steal the nomination from Trump.

Lastly, western societies continue to cede to the will of barbarians, like castrated cowards led by Manchurian candidates.

Apparently, a black male named Gavin Eugene Long from Kansas City, MO, was the sole shooter in the killings of 3 Baton Rouge police officers, injuring another 3, one in very critical condition. He committed these heinous acts on his 29th birthday, like the fucking moron that he was.

It is being reported that he belonged to an anti-govt group. Two other ‘persons of interest’ have been detained.

Burn in hell Mr. Long.

Apparently, this was taken down on Facebook. Naturally, they wouldn’t want the small people from being able to inform themselves. This is about as raw as it could get.

CNN is floating ideas from drug deal gone awry to cops merely responding to a  man down on the ground, apparently injured. The fucking Mayor of Baton Rouge said it looked like an ambush, but the catamites at CNN are fighting this tooth and nail. It goes against their distorted narrative.

Here is footage of cop on the scene describing the assailants.

In an interview with Fox news, the Mayor of Baton Rouge, Kip Holden, said he believed the attacks were an ambush to purposely kill cops. The fucking lunatics at CNN are floating the idea this was a 9am drug deal gone awry. That being said, 3 cops are dead, 3 wounded, 1 in ‘extremely critical condition.’ Moreover, 1 of the terrorists have been killed, but two are at large. There were rumors that 1 suspect was having a standoff with police, but that couldn’t be confirmed.

The descriptions of the suspects border on the inane, folks in camo, wearing black masks. No idea, whatsoever, the color of the person(s) skin.

Two suspects are still at large. It is being reported they’re in a standoff with police right now.

Savage filth.

Cops got a call of a ‘suspicious man’ walking down Airline Highway in Baton Rouge, LA with an assault rifle. Cops responded and the filth opened fire, shooting at least 7, killing 3.

The anti police climate in this country has reached a boiling point, spearheaded by the media. It’s cool to paint all cops with the same brush. They’re all racist, so it’s okay to kill them–apparently. The current cadre of toxic elements, between the Black Lives Matter pawns and the New Black Panthers, make policing this country a significant risk to personal injury for law enforcement. Imagine trying to conduct your job under those conditions. Imagine having to think about every action you make being under a microscope, one that could foment a national riot and lead to the deaths of fellow police officers.

The people who are stoking these virulent protests against cops are the very worst people in the world, community organizers who despise this  country and would rather see it burn than prosper.

update: 3 gunmen reported, 1 is dead, 2 at large