This Market Has a New Leader

The market is bidding up anything China related, anything energy, and also 3-D printing stocks (who the fuck knows?) Like in February of 2008 when the banks stocks were roaring higher, the oil stocks are the show-stoppers now. This, of course, doesn’t mean the sector is good to go and that all is well. If there’s one thing that I’ve learned on Wall Street is that everyone has a plan until they get punched in the mouth.

Your plans are not the plans of others. Nothing is neat and fixed. The doom that you believe will happen, may actually occur–but maybe not on your timeline. That’s why it’s imperative to remain malleable to the changes in the market. Listen to it. Breathe when it exhales and try to absorb its mood.

I’ve made about 7% this week, maybe more. I’ve shifted my risk profile quite a bit to accommodate what the market was bidding up. My position might prove to be a great success. If so, it will prove to be just another notch in the great whipping belt of Le Fly, a man who needs no introduction or night time prayer.

“The Fly” wins all the time, especially when he appears to be heading towards catastrophe. I’ve led a charmed life, one that has enjoyed “uninterrupted splendor”, commingled with heinous acts of offensive styled violence. “The Fly” is a man of the people, a person who toils away on the internets, for the benefit of others. After he toils, he toils some more.

My only request is for a bit of calm normalcy this morning, followed by a regaled afternoon and hedonistic close. That isn’t too much to ask, is it?

Top picks: $SLCA, $GILD, $CNX, $BIDU

Going Higher

strong as shit earnings: HELE +8.2%, ATNY +1.8%

DAEG +93% to be acquired by Open Text (OTEX) for $0.82/share, or ~$13.5 mln in cash, in a hugely waste of time, piece of shit transaction of idle nonsense, UTIW +46.7% to be acquired by DSV for $7.10 per share.

Metals are moving on up (extra Jefferson’s) ZINC +9.2%, MT +8.5%, HMY +6%, AU +5%, CLF +4.2%, FCX +4%, ABX +3.9%, GOLD +3.9%, GG +3.7%, PAAS +3.6%, VALE +3.6%, NEM +3.4%, HL +3.3%, GDX +3.2%, RIO +2.9%, X +2.6%, BBL +2.5%, BHP +1.8%, SLV +1.4%

Gold is moving higher because the dollar is having its face kicked in, down 0.85%.

Oil stocks are the shit: PWE +6.4%, SDRL +6.1%, BBEP +2.9%, RIG +2.6%, WLL +1.8%, CHK +1.4%, TOT +1.3%, OAS +1.2%, BP +1.1%, VLO +1%.

Believe you me, many other oil and gas stocks will be opening higher.

ONTX +17.9%, but no one cares, PBMD +10.3% on european grant money horseshit, TROV +8.2% on talking mad shit, ACRX +8.1% also talking shit, TRCO +4.3% boring, ASNA +3.9% on some retarded firm named Golden Gate Capital disclosing a 9% stake in 13D, PBR +3.9% on not going out of business at this time, ENB +3.1% on Cramer pump, UAL +3.1% traffic up, yadda, yadda, yadda, SUNE +2.3% on Einhorn not dying, TTM +1.8% great mystery!, TWTR +1.4% because everyone loves Twitter now

MT +9.1% (upgraded to not a piece of shit from piece of shit at JP Morgan), FEYE +2.3% (upgraded to this still sucks from this really sucks bad at Gabelli & Co), NLY +1.2% (upgraded to meh at FBR Capital; upgraded to indifference from turd at BofA/Merrill)

GPRO +2%; bouncing off its own grave.

Going Lower:

Horrid earnings: LDRH -18.8%, RT -7.9%, GPS -6.7%, ANGO -4.3%, VSH -3.8%, AA -3.7%

SCON -31% on fucking shareholders with dilutive offering, RENN -11.5% on mystery!, VSTM -5.6% on  firing almost everyone NEWT -2.7% on dilutive offering

TSLA -2.5% (downgraded to Bullshit stock from Not Really Thinking About this Shit Right Now at Barclays), PCAR -1.2% (downgraded to Milquetoast from This is the Shit at JP Morgan), ECL -1.1% (downgraded to Boring from Exciting at JP Morgan), GPN -1% (downgraded to Nothingness from Heavenly at Jefferies), SLH -0.9% (downgraded to We Do Not Know from We Know This is Good at Goldman), NGG -0.9% (downgraded to What Does it All Mean? at BofA/Merrill).

Euro/dollar cross is now 1.136, placing King Dollars 0.78% lower on the day. This is doing wonders for crude, which is now above $50, up 2.1% so far.

Equity futures are higher by 0.2% and Nazi Germany is leading Europe higher by 1.24%.

In short, the market has been very conducive to value creation, as of late–all thanks and praise to the dollar trading lower.

Also, iBankCoin launched its latest web design. It’s a work in progress, so pardon and glitches or minor overlooks. I do believe it is our finest design to date. Ten thousand salutations to our world class programmer, VINCENT ILLUMINATI.

I’ll spare you the heady statistics and hit rates that probably serve to confuse you rather than convince you that Exodus is the real deal. Instead, I’ll simply display what the system produced during the arduous and trecherous month of September.

The most common question I get is “how would I use the system?”

What you’re looking at now is one aspect of the intelligence platform that specializes in mean reversion. Meaning: it analyzes every aspect of the market and assigns values to them. With those values, it tries to find patterns that might produce predictive elements for tradeable events. In layman terms, it will tell you when a stock, an ETF, or the overall market is extended and might pull back or oversold and might bounce back.

Since 2008, the track record for indentifying oversold markets stands at the apex of market timing tools, upwards of 80%. Over the past 3 months, it has been flawless.

The way you’d trade with it is simple. The OS signal flashes and you buy SPY, or for the more adventurous connosoires, QQQ or TNA. The trade should be done in tranches. I usually prefer 30% positions at a time; and the entirety of the accumulated position sold by the 10th day. No questions asked.

Risk is mitigated by time.

If you have questions, feel free to email me and I can assign one of my servants to walk you through a live demonstration.

flybroker at gmail.com

It was supposed to be a good day for the bears. The market was weak as shit this morning and nothing seemed to go right for the bulls, until oil broke the fuck out. I warned you fuckers that you’d drown in it. And you did.

The speculative fervor is back, if only for a month. We have all of the finest tools of financial warfare at our disposal: an easy Fed, crazy batshit Chinese government hellbent on seeing growth return, and a market that not only wants higher, but needs to go higher for the sake of tax receipts.

The men wearing tin foiled hats will tell you that “it will all end now”, that “the market is going to crash and make 2008 look like a walk in Disney.” To those people who say these absurd things, laughing at a 65% drop in the broader indices, I say “fuck off.”

This market is built to win. The machine is humming along. We got the commodity sector ripping higher. Traders are ignoring the weakness in biotech and Apple and putting money to work.

I made some wholesale changes today. I got rid of my GG position. It served its purpose. I started a new position in CNX, kicked out my CLX for a 6 point win, and I added to my TWTR position.

To summarize today, here’s a video of a bear asking for his bicycle back from a bull.

I am drunk with success right now. I sold out of my CLX position and dumped the proceeds into TWTR, upping my risk profile.

I was born inside of a coal mine. As a young lad growing up, I’d carve toys out from large rocks of coal, blacken my face to look like I was deep “in the hole” mining for rocks. Now, as a man on Wall Street, I am a coal man, yet again.

With the commodity rally well underway, I’ve sold out of my GG position and entered into a new position: CNX.

No one likes coal. They think it’s a reprehensible form of energy. People spit on miners from West Virginia, whenever afforded the chance. But I am suggesting to you, in a most emphatic way, coal shall rise again, unlike the morons from the south.

The Fed minutes revealed what i’ve been saying all along. They can’t raise rates if their inflation targets aren’t being met.

“Nevertheless, in part because of the risks to the outlook for economic activity and inflation, the committee decided that it was prudent to wait for additional information,” the Fed said in the minutes.

 

With that in mind, one has to wonder if the Fed was purposely luring shorts into the market in order to spring a trap, horse-kick those motherfuckers into the middle of an active volcano.

Commodities are the play here. An easy Fed means higher commodities and weaker dollars.

Lift off, motherfuckers.

The market wasn’t interested in staying down, so it went up. I’m gonna keep this simple for you. Buy oil. There is a short squeeze coming and you’ll want to get long these frac sand plays before they moonshoot higher.

HERETOFORE: SLCA is trading just 1x sales. This was a name that lavished its shareholders with gratuitous gains, just one year ago. Now it dwells in the sewers with the rats and vermin. I have news for you. The sand isn’t dead. It’s alive and it’s coming for vengeance. With 36% of the float sold short, a great balance sheet and solid business, this stock is poised for the $20’s.

As an aside, Bill Gross is suing PIMCO for all of their money, for being kicked out and disgraced. I hope he takes them to the woodshed and more.

Other frac sand plays include EMES, HCLP and FMSA.

This is something that wasn’t built into the big bear model: higher oil. The reason why HYG and many of the corporate bond etfs have been lower is due to the distressed condition of crude.

I am hard pressed to believe in the fantasy theory that oil is done going lower for good.

But it’s going higher now and that price action will quell the fears of bond holders who are worried about their principle.

Bottom line: the better the price action in  crude, the healthier this market will get. We need leadership and biotech just isn’t doing it for me these days.