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I got stopped out of several upside ETFs today — and I made zero on the downside, in spite of knowing we were heading down. Truth is, I am petrified to miss out on the bounce. I bet many of you feel the same, which is why we’re not bouncing. I am starting to believe the bullshit and think the market knows something not priced into the economic news flow. However, we have a President who is obsessed with the market and I’d be shocked if something big didn’t come out soon, in regards to China.
At the close of trade, I am 55% cash in my trading account and 120% long in Quant. I am bleeding out, in line with market on Quant side, and doing better in trading — only because my exposure has been limited. Going into yesterday’s trade I was 65% cash.
Here’s what’s going to happen next.
We are going to McPlunge tomorrow morning in a harrowing tape. We might even halt trading, as people trip over themselves, cracking their teeth on the pavement, trying to save themselves from death. Over the weekend, we will have news that will provide succor for bulls. We will bounce next week and some might think all is well. This will be a grave error, for we will retest the lows, matching apathy with fear to produce an environment that might be considered to be toxic. That is when you should buy — with cock in hand, strong, and with force.
Exodus is very oversold, for the sixth consecutive day. This is an unprecedented move lower, one formulated without the comforts respite and this fact is why the pin action concerns me. Could this be the market communicating something ominous or is this merely a pit stop en route to new highs?
Faster traders might be inclined to short now and cover quickly. I am looking for a massive move higher and have been patient with my cash, trying to avoid head fakes. We will bottom, finally, when the last bull gives up and the general tone of the market is dreadful and of course poisonous.
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Fly Win The Other Even While Lose Very Bad. I am Russian report man. Now we watch he go to iced coffee home.
FUCK OFF
How about a historic stock bubble instead of a purported bull market
not priced into the news flow
How about the game of chicken of still at-large traitors into the midterms
not priced into the news flow
How about Fang as part of the clandestine manipulation maybe-being-unleashed
not priced into the news flow
2. And oh trump has said if markets need to decline to fix the china imbalance then so be it
K enjoy your dinners fools
I’m sure that was an interesting post …when you sober up, please tell me what it says.
Sober translation: Hellfire is about to rain on your head. Don’t even consider trying to extinguish the fire with your squirt gun.
Bless you, it is showtime. I needed a pick me up.
this is not the time for reganomics and other changes that are rash and fast. Fuck.
Trump should have left Yellen in. Powell said when sworn in that he was going to normalize rates.
Also, the US is having a bit of trouble selling their debt to finance the tax cuts. Both China and Japan are balking, which puts more upward pressure on rates.
Powell was the fall guy.
Don’t remember all the cliches that Powell would end up being the fall guy?
He was sort of forced to assure everyone he would continue the Dot-Plots already in place duh.
I have to sort of agree w Showtime this time at least as far as the ZuckerBots and TechFAGS are concerned. Everyone is like “oh this isn’t a bubble” but FB and even GOOGL suck fat dicks now. They should be punished and funds extracted. I just wish my retirement account was 100% weed stocks
Very generous to open up the gates of Exodus for free:
Two welcome signals of a bounce, CNBC has a special on “Markets in Turmoil” and Exodus giving multiple Oversold reads.
Some of you may be new here, it takes a lot to hit the EXODUS oversold, it is not some short term wimpy oscillator or other signal that pops up every other week.
And God Bless the poor people of the Florida panhandle
The only signal I will use as a sign to buy is when CNBC and Cramer say “sell everything, the end has come.”
thanks for the thoughts. we in Destin FL barely dodged a bullet. Didn’t even lose electricity but 100 miles east was total destruction.
I finally nibbled. Caught RTN at end of day. Just missed on some others theatre I had low balled including MS. Hoping for another down day in energy to get back in CVX. Perhaps at 117.