Our perfect President won over yet another trade war and the bears are now left in the streets with their tongues hanging out from their faces. Like cows, the bears were led to their death — by way of their nose and their greed. You thought you were going to eat corn, but instead ate a sharp steel blade to the face.
Markets are up nearly 500 and I am 80% long and also gloriously awesome, having booked some double digit gains this week. My losing streak is of course over and Le Fly is back to winning again — kicking clowns down steep and hard flights of stairs — causing broken bones and torn ligaments amongst my enemies.
There is nothing more to say, other than Ciao and Fuck off.
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Are you such a guppy that you believe Trump?
Being long here is amateurish.
CALL ME AN AMATEUR AGAIN AND I BREAK YOUR INTERNET JAW.
As pointed here volatility term structure reflects anyone with any working brain cells whatsoever
https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/inline_image_desktop/public/inline-images/bfmE0A9.jpg?itok=5D16xijK
intraday and close today is antic ruse and still antic ruse, and still . . part of endgame
anyone posting that this solves the subsistence of bears is unmercifully feebleminded
the entire nation will feel its reckoning for its 3rd boombust in 20 yrs while bears watch
Ok, well whatever.
I’m just curious about the little downspikes in price this week.
Theories?
No escalation in tariffs is a good thing.
Looks like you pulled a Gartman. Ugly close.
2-9-8 strikes again, like clockwork, just like Sep 25 and Oct 1
I bite. What’s 2-9-8?
Horizontal resitance on SPY (look at previous Opens and Closes)
Seeded: July 3, 5, 10
Established: Jul 31, Aug 1
Reinforced: Sep 5-10
Nailed shut: Sep 25, 26, 27
Cemented: Oct 1
Now (Oct 11) even “Chi-na Trade Deal!” was unable to break through
I shorted here: https://ibankcoin.com/flyblog/2019/09/25/markets-surge-based-off-another-trump-trade-war-victory/#comment-563638
and here: https://ibankcoin.com/flyblog/2019/10/01/welcome-q4-2019-expect/#comment-563732
and called the top https://ibankcoin.com/flyblog/2019/10/01/online-brokers-smashed-schwab-announces-trade-commissions-reduced-zero/#comment-563734
Please, pay more attention next time. I **hate** tooting my own horn 😉
Diagonal support/resitance lines are way too arbritrary. Sometimes people use highs and lows, sometimes opens and closes, always drawn with liitle accuracy and even less precision. Horizontal support/resistance is the way to go (for short term entry/exit points)
I bet you are super duper sorry you asked now.
550 Dow from the top, elites
See You At The Finish Line
Farmers win.
Really? Compare to Jan 21, 2018 (pre-tariifs), and try again.
Such a deal the Fat Lying Orange Pig made.
We sell China beans and pigs; China sells the
WORLD smartphones, 5G computers, robotics.
The Orange Slob couldn’t negotiate his way
out of a three-hole shithouse. Go SHORT!
Go back to your mommy’s basement. Tell her to bring you some meat loaf.
SPY currently trading above all previous monthly closes. Doesn’t seem too bearish to me. I’m just an idiot with a multi decade time horizon though. I’ll leave the minute by minute circle jerk to our resident experts.
“I’m just an idiot”
A multi-decade horizon is foolish to bet money on. There’s way too much uncertainty to invest more than 10 years out. Are you too young to remember Japan and the Nikkei from the 90’s?
Also, here are some basic Techincal Cahrting lessons:
1) Apples-to-Apples: you can’t compare Daily cloes to Monthly closes
2) Dividends (Adj close) don’t matter. The reason being , technical charting works based on psychology. If someoen bought at $290, they start to get nervous when it falls back to 290, regardless of if they are still up because of dividends
This means that:
1) SPY (on Friday’s close) **isn’t** trading above all previous monthly close (not that it matters)
2) We had three straight months trying to close above 300 (on a onthly basis) and failed each time
3) Aug and Sep both closed below July
phase 1 does sound a bit sketchy, but i wouldn’t read too much into the last final 30 minutes. anyone expecting more than what was announced was delusional. just profit taking into the weekend. i wouldn’t short here but i also wouldn’t jump into UDOW or TQQQ. Oil up and dollar down both bullish though as well.
Fly, have you checked out the show Yellowstone? I’m late to it and after a few episodes it seems a riveting view, a bit depressing. It’s not as good as your reco for Godless yet, but it’s a different western animal altogether
Took my profits early in the day’s pop and said fuck it to the bread and circuses! Fine way to end the trading week indeud.
The arsonist sprayed some water on his fire. Bread and Circuses, indeed…
btw- there are counties in the USA that are 98 percent or more Caucasian people. For many, all they know about African Americans or Hispanics is what they get from media, Twitter, Facebook, etc.
Yes, someone doesn’t need to experience something in real-life to know they don’t want it (such as a forest fire). But consider the source of information; its tenor, tone, possible motivation, etc.
Best regards, enjoy the weekend!