I Want My 40!

I want my daily 40 Dow points, like this guy wants his fucking cake.

This is what I am seeing:

Financials are weak, especially Janus Capital Group Inc. [[JNS]] , Credit Suisse Group AG (ADR) [[CS]] and BB&T Corporation [[BBT]] . But, SLM Corporation [[SLM]] , BlackRock, Inc. [[BLK]] and PNC Financial Services [[PNC]] are bucking the trend.

[[TLT]] was strong, but now weak.

The dollar, [[UUP]] , is strong.

Tech is mixed. There is weakness in Nokia Corporation (ADR) [[NOK]] , QUALCOMM, Inc. [[QCOM]] , ADTRAN, Inc. [[ADTN]] and Equinix, Inc. [[EQIX]] and strength in SanDisk Corporation [[SNDK]] , [[ARMH]] , Mellanox Technologies, Ltd. [[MLNX]] and Akamai Technologies, Inc. [[AKAM]] .

Generally, CRE is strong with leadership in Host Hotels & Resorts, Inc. [[HST]] , CBL & Associates Properties, Inc. [[CBL]] and Kimco Realty Corporation [[KIM]] . Ag stocks are mixed, with losses in Potash Corp./Saskatchewan (USA) [[POT]] , Manitowoc Company, Inc. [[MTW]] , Syngenta AG (ADR) [[SYT]] and Monsanto Company [[MON]] . Gains can be found in Astec Industries, Inc. [[ASTE]] , The Mosaic Company [[MOS]] and [[ARTW]] .

The most important sector in the market, the metals, are lower today, amidst China weakness. Names like Reliance Steel & Aluminum [[RS]] , United States Steel Corporation [[X]] , Mechel OAO (ADR) [[MTL]] , Olympic Steel, Inc. [[ZEUS]] and ArcelorMittal (ADR) [[MT]] are being taken to the cleaners.

Finally, retail stocks are strong, with gains in NIKE, Inc. [[NKE]] , [[CONN]] , AnnTaylor Stores Corp. [[ANN]] , [[KSS]] , J.C. Penney Company, Inc. [[JCP]] and Sears Holdings Corporation [[SHLD]] .

Regarding the near term direction of the market, pfffffff, the bias is still up.

I bought 10,000 [[VXX]] in the $19.20’s.

Okay, let’s hear about how terrible VXX is, with all of its fucked up contango.

Greek 2 year notes are now yielding 11%. Can you say default? I thought the EU was bailing those fuckers out? Apparently, according to the laws of reason and democracy, it is impossible to bail out the Greeks. The Gods shall not allow it. Think of the austerity plan as some sort of fucked up Trojan horse. The Greek’s are onto us western types and will not allow said Trojan horse into their city circle, for they invented the Trojan horse and know better.

Even still, the market is hardly down. [[VXX]] is running higher and [[TLT]] is up again; too bad I sold it. But, I could not hold onto those fucking bonds for another day. I was losing my mind being stuck in that boring cocksucker. However, I still believe we are due for some sort of correction; hence the reason for my over-sized cash position. As always, I intend to buy your margin liquidation.

Chinese related stocks are getting hit, as well as metals. This is a very big development. Like I said, the market cannot advance without the metals. Stocks like Reliance Steel & Aluminum [[RS]] , Nucor Corporation [[NUE]] and United States Steel Corporation [[X]] are being taken to the fucking woodshed.

Finally, with my money, I like Fuel Systems Solutions, Inc. [[FSYS]] , TriQuint Semiconductor [[TQNT]] , Johnson Controls, Inc. [[JCI]] , The AES Corporation [[AES]] and [[MTA]]

That’s the way I see it, right now. With large percentage gains being doled out daily, it no longer made sense for me to be defensive when I could easily trade in and out of The AES Corporation [[AES]] for a quick 5% gain, if I so choose. For now, I am in accumulation mode, with The AES Corporation [[AES]] , TriQuint Semiconductor [[TQNT]] , Fuel Systems Solutions, Inc. [[FSYS]] , Johnson Controls, Inc. [[JCI]] and Southwestern Energy Company [[SWN]] are my main targets. My [[VXX]] position will remain as a retarded insurance policy against my space alien magician ways.

While you are over there trying to bet against me, I sit here laughing at you, for you are betting against nothing. It’s all a mirage, Mr. Quixote, as you race towards windmills and talking pelicans. I am still long my entire [[VXX]] position and I still have a monstrous cash position. The only difference between yesterday and today, I am long a fuckload of several stocks that are all advancing to the upside, save Fuel Systems Solutions, Inc. [[FSYS]] .

You need to remember something and remember it well: I’ve been banking coin in this market for over a decade now, with very little disruption. Every so often, I take a break, in order to feed into my many paranoias. But, generally speaking, I NEVER FUCKING LOSE.

Now I can see why you would be tempted to bet against me, since I am vastly superior to you in all facets of life. However, please remember, “The Fly” doesn’t hate you. He is just indifferent to your plight and couldn’t care less about your “new and improved investment strategy.”

As I sit here, munching on a salmon sandwich, crunching on a few chips, I am reminded of last night’s Fast Money, when I could not hear a fucking word they were saying because I was chomping on some chips. I was chomping on some chips then and I am chomping on some chips now, as the mustaches on my enemies faces grow larger.

In summary: bet against me; lose your fucking house. Watching teevee and chomping on chips is a bad idea. And, “The Fly” is going to win again, whether you like it or not.

I bought 5,000 Southwestern Energy Company [[SWN]] under $41.50, 30,000 The AES Corporation [[AES]] under $12, 10,000 Fuel Systems Solutions, Inc. [[FSYS]] under $32.70 and 5,000 [[MTA]] under $20.35.

Disclaimer: If you buy the above stocks because of this post, Hungary will nationalize [[MTA]] just prior to them paying out their annual 9% dividend. And, you may lose money.

Quick update, pertaining to yesterday’s moves.

My allocation is now 15% [[TLT]] , 8% [[VXX]] , 30% cash and 47% equities. Effectively, I am now positioned to be slightly less boring than before. Over the next several trading sessions, I will be reducing my cash and [[TLT]] position, in order to mark way for egregious equity holdings. I have many ideas in mind, most of which shall be played out here—live—on the fucking internets.

Generally speaking, I feel, as always, you are a low form of human life, most comparable to offal or “yard trash.”

Just in case you are wondering why I sold 50% of my [[TLT]] position yesterday, as opposed to 100%, please check current quotes for your fucking answer.

Off to go reallocate.

Top pick: The AES Corporation [[AES]]

UPDATE: I sold out of my [[TLT]] position, at a profit plus 2 months worth of dividends, in the $90.30’s.

Back at Mr. Devildog’s office, Samsonite is give a task.

I Want My Very Own Tab

I sold out of 50% of my [[TLT]] position and started to reallocate said assets into stocks.

For the day, I bought bountiful amounts of Johnson Controls, Inc. [[JCI]] , Fuel Systems Solutions, Inc. [[FSYS]] , The AES Corporation [[AES]] , TriQuint Semiconductor [[TQNT]] , Flotek Industries, Inc. [[FTK]] and a little Eastman Chemical Company [[EMN]] .

I have a list and will be checking it twice. I do not expect to make a killing, buying up here, after a monster run. However, at the very minimum, I expect to outperform the snail paced [[TLT]] and retarded money market accounts.

In short, I am done with “The Hugh Hendry” despite its grandiose reputation in the burlap community. I am a trader, a mover and a shaker of sorts. I cannot and will not sit idle, watching you fucking morons bank coin, while I marinate in dust.