Fly Sell: $BRZU

Made 6.66% on it. Not kidding.

You buffoon — quit taking the market so personally. You aren’t any good at it because you think it should do what you want it to do. Markets don’t give a shit about your opinions or your feelings. Frankly, I’m sick and God damned tired of reading your incoherent rants. You little shits always come out from the woodworks when markets go down. Like little trolls, you creep around here offering predictions of gloom and you do it without verve or panache. Quite honestly, it’s disgusting.

I am all in on the long side because of some simple facts. It’s no different from a mathematical equation, if to then analysis.

If oil and junk bonds trade up, then stocks will too. Got that you fucking faggot?

Words cannot aptly describe the level of frustration that I feel with some of you — especially the fucking retards who try to tell me how to run money.

Look at the futures spiral higher. LOOK AT THEM.

Now remember who told you it was going to happen. REMEMBER!!!

Now can we get back to thinking straight and with some dignity? I’ve put up with enough of your wanton buffoonery the past decade. I do believe I’ve earned your silence.

We broke out of the downward channel and now threaten to menace short sellers with great vengeance and alacrity.

Over in Exodus — we’re overbought. But based on this stress level over the past 36mos, 85% of the time gains were enjoyed.

Bottom line: This is a high probability trade, even if it lasts for a few hours during tomorrow’s tick tock. The shares I bought today, late in the afternoon, are all subject to my whims and how I’m feeling in the morning. Maybe I’ll wake up moody AF and sell them all. Or perhaps I’d get all patriotic, don an American flag around my back, and continue to hold BABA and my other holdings. Like I said earlier, there’s no fucking way “The Fly” can lose — so get it out of your thick and ugly skulls. I’ll be dancing on graves first thing tomorrow morning.

I bought the following in the last ten minutes of trade.

$X, $GOOS, $SNAP, $WLK, $DBX, $SPLK, $WDAY, $PYPL, $FB, $BABA

My cash position has dwindled to a paltry 5%, with a 20% TLT position as a ‘hedge’. Truth is, I am bored and do not want to sit on the sidelines during a period of obvious bullishness.

Will stocks stop going higher tomorrow?

I have no way of knowing that. What I do know is the prevailing near term trend is higher and I have a high conviction that this mood will spill into the opening tick.

I’ve idled myself after selling WB and FNGU today. To be honest, I’m acting more like a complete pussy than someone with a set of stones. What I ought to be doing is buying with savage qualities. After all, markets are heading higher again and the doomsayers are on the ropes, tentatively awaiting to be executed.

By George, by 3:15pm, I will have a plan to once again allocate most of my money, to the long side. It is a wall of worry I am willing to climb.

Whatever Trump is going to say tonight is immaterial. Markets will gap higher, IF we close at the highs. The gameplan is to ensure participation by purchasing macro-ETFs or a slew of fucking stocks that correlate well to the broader indices.

It’s a dizzying panorama of degeneracy and I know it. To be an effective trader, one has to burn hot, which is why so many kill themselves by the rope or crash into walls and into gasoline charged fires. This is a poor mode of living, always on edge, pretending to be confident, when in fact we’re nothing more than servants to the prevailing trend. After all, I’d like to see stocks trade to fucking zero, but that won’t happen. Will it?

The time has come to end half measures and old man moves. “The Fly” is young again, punching off mustaches with his elbows — shattering his knuckles into the faces of those drinking chardonnay oceanside. If I lose on this bet, all of you have to cut your dicks off.

I kicked out the FNGU trade from yesterday for a 3.5% gain. As tempting as it is to buy DRIP or any number of 3x ETFs, it’s important to stay true to the disciplines that you believe in.

For example, I was bearish on markets because oil was tanking, HYG, SRLN and all of the other high yield crap was tanking. Lo and behold, that isn’t happening anymore. ‘Matter of fact, they’re going up, making me bullish.

Even so, I am 55% cash and reticent to take on any new positions intra-day, since the swings are equal to the weekly ranges. I’ll wait until after 3 to start one, which, admittedly, will likely be on the long side. No matter how you feel about stocks, markets couldn’t give a shit. It’s an emotional beast guided by fear and greed. Right now, you’re all greedy fuckers clamoring for more.

Okay, so let’s not delve into conspiracies about some secret group that was quite literally formed during the Reagan administration for the explicit purposes of buoying share prices (12631) — but markets pretty much bottomed on the exact day Mnuchin announced he was meeting with them.

Whether that the “the bottom” remains to be seen. But it should be noted, for the sake of future generations, that this happened.

Futures are +200 and some will suggest it’s because of tweets from the President about China trade talks. But they’d be wrong.

Talks with China are going very well!

— Donald J. Trump (@realDonaldTrump) January 8, 2019

This is idiotic propaganda, rooted in emotion for the expressed purposes of rallying stocks. Here’s another Trump tweet this morning discussing the Fed and markets.

Economic numbers looking REALLY good. Can you imagine if I had long term ZERO interest rates to play with like the past administration, rather than the rapidly raised normalized rates we have today. That would have been SO EASY! Still, markets up BIG since 2016 Election!

— Donald J. Trump (@realDonaldTrump) January 8, 2019

See how obvious he is in attempting to jimmy stocks higher? The only reason why stocks are going higher is because of price momentum. Want to know when to sell? That’s simple — all the time, but you should be buying too.

Want to know when to flip to short?

Easy answer: when prices start heading lower again or at the sign of first long black candle.

Hard answer: anticipate where stocks might exhaust themselves.

It’s never easy to anticipate where a rally might end, because trends are made to be broken. In this tape, I think you’re better off going with price momentum and responding to the prevailing trend, instead of opposing it.

Will the US-China come to a trade deal conclusion?

Yes, but it will likely be superficial. Why would Xi offer major concessions to Trump, who might very well be a one term President?

Watch oil, oil stocks, IWM, HYG, SRLN. Book profits all the time. Take measure of what stocks are working now — because those will be the go-to names to buy during future dips.

By my vantage point, we have 200 points of upside left in the Nasdaq. Ergo, I bought some FNGU — to greatly participate in the FANG rally. I do believe it is the highest probability trade now, given the circumstances.

I have lots of red flags shooting up — all to do with running into FAG boxes and overhead resistance. Truth is, those charts mean nothing. All that matters is direction and right now, it’s up.

My oil and gas oscillator has blow out to the upside, indicative of an oil market overheated. So what? It can still trade up. Animals spirits, short squeezes, etc.

XLE has room to grow.

Small caps has room before entering high volume resistance.

FANG is about to break out.

It’s easy to default to bearish, given the recent history. However, it would be a mistake to not follow price direction now. While I believe we have 1-3% more upside in the immediate term, we can, in theory, run higher by 10%, fooling everyone. The only way you can profit from such a move is to remain on top of the direction, being sensitive to change, and also booking profits along the way.

I sold SIVB today for a 4% gain. My FNGU position is a 5% weighting and my cash position is now 45%.

I am taking a well deserved victory lap around your house — throwing eggs at your windows.

I booked the following trades — what the fuck did you do this morning.

NUGT +3.2%
MDB +8.4%
ZEN +6.9%
BL +4.4%
RNG +6.4%
FCX +4.7%
CC +9.5%

See that’s who I am, pal — and you’re nothing.

Good Father?

FUCK YOU; GO HOME AND PLAY WITH YOUR KIDS.