CLOUD STOCKS ARE GETTING MUGGED

Are you in?

MONGO leading to the downside, locked in a cage with extra pad-locks. How oversold are we? Is now a good time to step in?

Here is the Exodus OBOS oscillator on a YTD scale.

Meh. Nice downside pin action — off by 3.5% on an otherwise do nothing day. Today is a good day to buy, and tomorrow, and every fucking day for the rest of your lives.

You might hate the Fed, but imagine if the President was fucking with the Fed policy of lowering rates during the financial crisis, making things worse. Trump isn’t an economist and politicians are degenerate dirt bags. Now the Fed have also proven themselves to be worthless hacks — but I’m not sure how I feel about this sort of public denigration of Powell — a man who is charged with making sure the American banking system is running smoothly.

….countries that know how to play the game against the U.S. That’s actually why the E.U. was formed….and for China, until now, the U.S. has been “easy pickens.” The Fed has made all of the wrong moves. A small rate cut is not enough, but we will win anyway!

— Donald J. Trump (@realDonaldTrump) July 29, 2019

As usual, these comments have zero effect on markets. In fact, we’ve seen a slight bump.

Good morning lads.

So far, so good at House Fly. The repairmen are streaming in and out, fixing shit, taking my money with reckless abandon. I’m trying to focus on trading, but am too distracted. Lots of risk off action in tech and SAAS and other momentum oriented names. Perhaps there’s some room here for some downside pin action; but I wouldn’t bet on it too greatly.

The safe havens are now found in high divvy stocks, REITs and of course gold — which provides you with the added hedge against Zimbabwe styled inflation. We have a bull market going in gold and nothing can stop it, as long as the Fed is intent on lowering rates. Just yesterday, former Fed head Janet Yellen confirmed that the Fed should, in fact, lower rates — destroying any notion of independence at the malevolent institution. Maybe this is all a bargaining tool against China? Maybe not. One thing is for certain, lesser men sell gold and silver here.

Into this decline, you’d be wise to pick up some of your favorite SAAS stocks and a little gold.

Good day.

Anyone believe this headline?

Before the financial media attempts to re-write history and document the reasons for Fed cuts into record highs and a booming economy, let’s remind people that the only reason why this shit is happening is because Trump ordered it. Period, end of story.

Did Trump chimp out and demand Powell stop hiking rates and instead reverse course with the threat of firing him?

Absolutely.

Should your support of Trump for other issues cloud your judgement on this FUCKERY taking place in the market?

NO.

I realize most middle upper class investors out there are capitalists and many of you voted for Trump — but this is fucking bullshit. Intervention in markets by the executive branch is a terrible thing and will, at some point, lead to extreme fucking ruin.

That being said, I’d like to give you an update on House Fly — since we’re on the topic of ruin.

Giant fucking ash tree broke and snapped in the yard, collapsing on the woodshed and three parts of my fence — costing me one month in luxury car payments.

Also, the washer machine fucked up and spit out error codes yesterday. BROKEN, in need of repair.

Finally, the fucking dishwasher broke, snapped in half — shit no longer works and is in need of repair. Until then, everyone washes the dishes. Period.

Tomorrow, handyman and HVAC guy come to House Fly to fix numerous maladies, all costing me numerous luxury car payments.

This is life as I know it — stupid and fucking repetitive. I need the keys to Zion. I need to get out of this place.

Every year come June I get this email in my email box.

“Hey Fly, love Exodus and I really love the Pelican Room, but I need to fuck off because we’re going away and I won’t be trading much. I’ll come back after September.”

Then the markets proceeds to rip faces off to the upside and by July you’re panicking to FOMO and be graced with the picks of the indomitable Fly.

Only billionaire hedge fund managers take the summer off. Those of us in the stock game work hard to keep fresh and relevant, on top of the most recent trends. If you’re taking months off to chill out and act like a fucking degenerate, by the time you come back — you’ll be a dinosaur. Zero fucking days off, ever. My Father in Law had two brain surgeries the past 10 months, everyone is living with me, personal chef, driver — the whole nine yards. We sold the house, trees falling all over the fucking place, totally and complete disaster with my big ass Benz. Fucking cursed.

ZERO DAYS OFF. You see me here every fucking day blogging like the fucking wind — talking stock. Go back in my archives, all the way back to 2007. ZERO FUCKING DAYS OFF. No matter how much money I was making, I never took my eye off the ball. This is your fucking job, not just an avocation. You want to suck, go ahead and suck a bag of dicks in Newport for the summer. If you want to dominate — show up and try each and every day.

Taking the summer off is for pussies and billionaire hedge fund managers, who also happen to be pussies too.

My last 8 trades.

KL +5.3%
MDLA +9.2%
LK +`15.9%
(SY -3.3%)
APRN +2.1%
PHR +6.2%
ZM +5.5%
GSX +8.7%

Enjoy the balance of your Saturday. I’ll be in the garage fixing shit.

After I booked gains in ZM, PHR, APRN and GSX today, I had to take some meetings and also deal with the sale of my home, which of course is not going smoothly. Apparently the buyers’ attorney wants me to fix a bunch of things, all small and of the nitpicking varietal. Needless to say, I am sick to my stomach over this entire process and will never sell a house again.

That being said, I am emboldened by today’s action and will be departing for the yard in short order, where I must tend to innumerable things that need tending to.

I’ll cut to the chase. The markets are SAFU and there is nothing to fear but fear itself. Feel free to gallivant out there into the woods naked and run around backwards into corn fields, care free. I do not see how stocks could trade down, ever again.

With that in mind, I bought 4 more stocks into the final hour. Although I cannot reveal said names to unwashed reader class gents, I can tell you that I am long stocks that will trade higher — and soon. I favor recent IPOs in the tech space and sometimes in retail oriented sectors.

I’m also long a slew, mind you, of gold miners and feel good about that. My portfolio is entirely up with zero pullbacks, all 20 names. I am a fucking Master Ace stock trader, top class, #1 ranked globally by everyone who knows me. I would like to see you try to stop me, for I will rip off your arms and legs and use them as hammers to repair the many things around the house that need repairing.

HAGW.

Booked today’s gains in Exodus. I cannot be stopped.

APRN +2.1%
PHR +6.2%
ZM +5.5%
GSX +8.7%

Fly wins again.

The worst thing any trade could do it delay a sale because of an ideal price that you want to lock in. Most of the time this price is an intra-day high or some fucking superstition, a round number — rookie shit. This morning I sold APRN for a 2.1% overnight success. It had been higher in the morning — but that didn’t stop me from taking the lower price.

It’s better to have one in hand than two in the bush — you animals.

You don’t need to top tick every trade. The stated goal here is to win more than you lose, which could be easily achieved if you’re gunning for the ‘fat middle.’ These are trades, nothing more or less. We’re not voting at the annual meetings and we have zero emotional attachment to them. If we are truly trading, stocks should not grow stale in the portfolio. This is not a best ideas approach, which means you sell if your positions are boring you to death — doing nothing.

Markets are strong following weak GDP numbers (+2.1%). Apparently the consumer is still on fire and that’s giving people the idea that maybe, just maybe, with the weak GDP numbers — THREE FED CUTS is still gonna happen.

Whether it happens or not is immaterial to me. We will trade that market, just like we trade this one.

TEAM smashed numbers and is sharply higher. Look to SAAS stocks for continued high probability gains.

You fucking idiots are busy playing with oil barrels, tech racks, and bullshit iPhones, when the real money is being made in meat.

Aside from the Kleiner Perkins scam, other meat plays are running too — the one’s who kill cows for sustenance.

PPC +75% YTD
BRFS +53% YTD
TSN +52% YTD
SAFM +34% YTD

Look at that shit.

Now other ancillary plays are running too, like APRN. They mail meat to your house. Makes sense — seems strong. We live in a very whimsical world people — where today’s trash is tomorrow’s treasure. Who would’ve known fake meat would be today’s Tesla and today’s Tesla is yesterday’s Ford, etc, etc, etc? Obnoxious enough for you?

GOOD.

I added a little something to this day’s portfolio — an end of day ripper. I was tempted to go CRWD — but I refrained. For those of you just tuning in — NO MORE FREE PICKS ON THE MAIN SITE — fucked faces. We have various reasons for this. First and foremost, you’re all grifters, born to steal and cheat — horrible people.

Exodus 2.0 is being written now and hopefully will be ready by Fall. Lots of major upgrades to speak of and all current members will get GRANDFATHER’d in at these low brow prices.

I’m expecting a lift today, in spite of the fact that markets do not bottom on Fridays.

Ciao.

I felt markets could recover today, but now feel the opposite. Evil people are making Trump’s great big beautiful market go down and patriotic HODLers are being subjugated by them in most heinous fashion.

Nevertheless, I’ve been buying all day, trying to ignore the pangs of my misery — keeping the faith in the religion of this bull market, the never-ending attempts at reflation and wealth creation for those with most to lose.

I’m just about fully invested now, most patiently and eagerly waiting for an end of day stock to grab onto. I don’t think this drought will stick, since oil is higher and plenty of high risk names are up. If you’re like me, wading thru today with gold, try to avoid looking at each tick. It’s summer, after all. Might I suggest a brief sojourn to the local beach?