More Nothing; Friday Beckons

Today we had news of more China trade snags and stocks initially dropped, but then they recovered, naturally. I’ve been taking a lot of pissant wins for a specific reason and I hope to play my next hand with Space Alien Magician (SAM) precision.

One loss out of my last 8 isn’t too bad, but the gains are mostly stupid and rounding errors. Nevertheless, I’ve always found taking profits to be much better than losses and I feel all of those stocks will soon sink lower.

CRWD +2.2%
DDOG +1.83%
KSS +2.11%
OKTA +3%
(AUY -7.1%)
KL +2.5%
NVCR +1.23%
EVBG +1.57%

There are exceptions. I’m wondering about gold here — due to Friday and also rates. There could be a nice bounce in gold coming — or not. Bottom line, risk is certainly on and VIX is certainly low. One could argue there is an overabundance of hubris in this tape and that a comeuppance is long overdue.

Punishment is in order — one could only hope for it. Long ago, when markets were free from the yoke of the bankers, men and women, mostly men, traded with honor and dignity. Prices fluctuated and corrections were absorbed. It was part of the economic cycle — booms and busts. But now we have only boom and because there aren’t any busts — Gen Xers like myself look toward this market will cynical intentions. Naturally if you’re under 40 and fall into the millennial demographic, you are just a stupid cow of a person — beholden to the tits of the central banks — glad for it. Happy to be a cuck.

God willing, in our lifetime, we will extricate ourselves from the malevolent forces of the Fed and break free from this odious bull market and collapse it — crush all of the citizenry, eat the rich, and kill the poor.

Freedom.

At this point you should assume they’re doing it on purpose to fuck with you — sort of like Armistice Day.

THE US AND CHINA ARE STRUGGLING TO COMPLETE A “PHASE ONE” DEAL TO HALT THEIR TRADE WAR, WITH SENIOR OFFICIALS IN WASHINGTON AND BEIJING STILL JOSTLING OVER INTELLECTUAL PROPERTY PROVISIONS, AGRICULTURAL PURCHASES AND TARIFF ROLLBACKS AFTER WEEKS OF NEGOTIATIONS

Business as usual. Don’t trade the headlines.

I am still in the process of assembling my chess pieces into place, trying a little of this and a little of that. I booked these trades today.

DDOG +1.83%
KSS +2.11%
OKTA +3%
(AUY -7.1%)
KL +2.5%

My gold sales had little to do with my opinion of gold, but more of a tactical move. Before I head back into stocks with vigor, I will first raise some cash and offer a more selective brand of stock picking.

Markets are somewhat weak and rates are lower. Gold isn’t too bad either, nor are bonds.

First I’d like to tell my younger punk readers that you should stay in school. As crazy as that sounds, and I realize it goes against the modern way of thinking, educating oneself, even though you might take on debt in the process, is an important part of maturing as an adult. If you’re thinking about dropping out of college or God forbid high school — don’t. If you do not end up like Bill Gates, you will most certainly etch a fast track to a lifetime of wanton poverty and depression, by way of wage cage job at an Amazon slave factory. Remember, you’re not only paying tuition, but growing as a person and going thru the crucible of life. Sure it sucks that you weren’t born better, had the privilege of a high IQ and entry into an Ivy League school. But there are many ways to carve out a path towards success — so be the man you want to be — but do that AFTER school you fucking idiots.

Futures are somewhat soft this morning, as President Trump edges closer to the guillotine. One could only hope for chaos, but I am afraid we’ll get more of the same here. We are within a fortnight of National Festival Day and I have extreme confidence in a short squeeze into gravy day. Never bet against American stocks into cranned berry filled dishes festooned with stuffing. There is a reckoning coming for shorts and you can feel the fiery breeze coming. Incineration is all but a foregone conclusion.

Fully invested here. Gold is bouncing with bonds. Pot stocks and other forms of degeneracy BTFO. “The Fly” is alcohol free, lifting weights like a mad-man, until summer. I shall be chronicling adventures of winship very soon.

I was fortunate to own CRWD today, gapping higher as the deep state extends its tentacles into the executive branch. I sold it out and swapped it for another stock. Not a big deal.

It looked like markets wanted lower, but instead revealed an insatiable appetite for more expensive prices. I cannot lie — I hate this market down to its guts and truly hope for a derailment of biblical proportions. But that’s just me being bitter, thinking about what should’ve been. Our ideas are fleeting and unimportant if they’re not in sync with the masses. I do not pretend to know more about the market than the market itself, which is why I am merely a conduit to it. Betting against prevailing trends is a useless endeavor. Some get tricked into thinking they’re special and they’ve read about stories of great men making mountainous fortunes by betting against the herd. But this is a psyop, designed to trick you into losing your small fortunes. These men you’ve read about do not exist, mere phantoms and night time stories made up by people with indecorous plans.

Stay with the sheep and BAAAAAAAAA all the way to the bank. Reserve your opinions for after the market closes and be sure to stay true to price action.

That is all for now.

Enough is enough already with this shit. I’d be happy with resolution, such as “we shall never trade with China again” instead of this horseshit. We are supposed to endure this for the duration of the Trump presidency? I’d prefer to have an arch socialist in who kills people for fun instead of this. I’d rather a Faux Indian take the realm into war in Moscow, killing tens of millions, than this. I’d prefer Bernard Sanders dying of a heart attack his first day in office than have to endure another second of this trade war shit.

Fuck your politics. I don’t care about anything at all. But this trickery needs to end now.

Last night I was rejoicing atop of the corpsed bodies of my enemies, wish casting their souls to doom and hell, whilst I enjoyed the bounty of my genius. After the market closed TWOU crushed earnings. The stock had gone up 17% and I was king, readying for my tailor to take new measurements on my hard chiseled body.

SHORTS GETTING THEIR DICKS LOPPED OFF IN $TWOU

— The_Real_Fly (@The_Real_Fly) November 12, 2019

This morning something grave and hideous took place, a circumstance I’ve bore witness to a dozen or so times in the past and will see it again. The stock opened up candidly weak and got weaker by the second. I could only look in horror as monsters circumvented the city gates in an energized effort to slew me. As I write to you now, the position is down by 5% — making me a distinct loser in this whole dramedy. I had plans to celebrate over mountains of chicken parm, and tall sterile glasses of coconut flavored La Croix. Instead I will submit this blog in shame and watch as my fortunes decrease, my repute weakens, and my purse withers away.

I ran into a dry spell, losing in 5 straight trades. Losses ranged from -0.7% to -8.5%. I felt good about those stocks when I had bought them; but truthfully felt no allegiance or sense of conviction with them, so they are out. I suppose one could argue that I could just hold them and wait for better prints. But it’s not my style, and with zero commissions — I have little to no motivation to abstain from churning myself.

Your style might be to sit and hold. I am of the fluid type, always hunting for fresh kills. When my prey grows stale, I often cut losses quickly and move on. At times, this brand of trading can become meddlesome, especially for those attempting to follow me. Losses pile up in stacks, like dead bodies outside the city gates. But the enemy can never enter my castle, an impenetrable fortress armed with trebuchets and plague infected arrows.

Do not fear for the future of Le Fly, for it is already etched in stone. Things will work out wonderfully, and more. I turned over my account today and bought another 7 stocks in an ordinary gambit for me, switching things up. Divorce is good when you have a plan. If you don’t, next thing you know you’re bogged the fuck out for -50%.

Most Wall Streeters despise the Fed, unless of course you’re at the top of the Wall Street food chain. Then you love them. The idea of what the Fed does it synonymous with cheating, and that is reviled by most moral men. The President’s non-stop shitting on the Fed is now discarded as Trump being Trump. But if you look at what he’s saying, essentially, it makes sense.

“And if we had a Federal Reserve that worked with us, you could have added another 25% to each of those numbers, I guarantee you that,” Trump said.

“But we all make mistakes, don’t we?” the president added. “Not too often. We do make them on occasion.”

It wasn’t immediately clear which “mistake” Trump was referencing: His choice to nominate Fed Chair Jerome Powell to lead the central bank or Powell’s preferred course of monetary policy.

“We are actively competing with nations who openly cut interest rates so that now many are actually getting paid when they pay off their loan, known as negative interest,” he said. “Who ever heard of such a thing?”

“Give me some of that,” he said. “Give me some of that money. I want some of that money.”

The entirety of Europe is in a ZIRP world, negative even. Governments borrow money and make money off those loans, incredulously. What Trump is positing to the American people, who are deaf and blind, is the idea that we should be offered terms similar to Spain. Is that woefully absurd?

In the past, a Presidential speech shitting on the Fed would draw the ire of the media and stocks would plunge. That institution is tethered to the fate of markets. Without it, dare I say, markets would fucking plunge into the depth of hell. The reason for this is simple: we should’ve died in 2009 and have been artificially propped up since. If you do not believe me, simply look at the banks and their returns since 2009 — all down.

Now a cynic might argue that what Trump is really trying to do is destroy the credibility of the Fed, which in turn would hurt stocks and ultimately his Presidency and the country. A true Russian agent. Trumpsters would have you believe he’s doing this selflessly out of love of country. Option #3, one I ascribe to, is Trump shit-posting in real time — trying to find a foil or a party to blame for anything that might go wrong during his administration.

These comments are hilarious and probably won’t do much to effect policy change. But it should be noted that it is being noted, and the Fed’s hegemony on the world banking system, for the first time ever, is being called into question.

By meander, I of course mean they’re going higher without proper leadership. Case in point, today’s 63% positive breadth is led by the nightly tankers and hospitals. Semis are doing fine too — but that didn’t fit into my narrative. On a +40 Nasdaq day, I’d expect better breadth than 63%. Nevertheless, here we are and here I am booking losses.

(TLRY -8.5%)
(SOXS -6.8%)

See pal that’s who I am.

I’ll keep trading away as if nothing happened. Yesterday I refrained from any new buys — due to uncertainty. That apprehensions manifested itself today with two solid cow punches to the gut. Now I have the task of finding some pretty big winners in a market that isn’t trending — but instead meandering higher.

LUCKY ME.

Bonds are somewhat weak again and the gold bug has been all but squashed. I still have two gold positions for a “just in case” scenario, but my confidence level on those trades is very low. Gold has proven itself to be unlucky and the formidability of the Fed and their designs supreme. Is it fair or right? Maybe not. But history is written by the victors for the victors.

Off to find a few big winners.