This Just In From Cyprus: Starve Until Tuesday

Because Europe is interested on exacting a financial attack on Russia, the banks in Cyprus will be closed until Tuesday. Keep in mind, the Russians have more than $20 bill in deposits in Cypriot banks and conduct $250 bill in business transactions annually.

An attack on Cyprus is an attack on, umm, Russia.

Odds are Russia will attack Europe with nuclear missiles after the bozos from the EU steal their money.

As always…developing…

I added to my BV position and have another stock on deck.

Stay tuned.

Fool me once…

I sold out of my largest position, RAS, for an 11% one week return. And, I kicked out WNC for a 2% gain. With these sales, I am no longer leveraged. Instead, I am in a 15% cash position.

How stupid can one continent be? The penis-less euro fags are too afraid to bail out Cyprus without blackmailing and stealing money from the Cypriots, so the Russians stepped in to fill the void. Cyprus is part of the EU, not the Warsaw pact.

If anything, the absurdity of Cyprus should remind us they (the europeans) are not to be trusted. The next financial crisis, without a doubt, will come from the noses of those great bastards. I want to punch every single european in the nose, then run them over with one of those miniature italian scooters.

The S&P futures rule the world. As you can see, it likes the Russian bailout talks, since it forces the hands of the eunuchs in Europe. When the futures went down on Sunday night, everyone panicked and told the Europeans to STFU and quit stealing money from old greek ladies.

Right now I have a few contractors in the house, attempting to fix the catastrophe that the plumber left behind. That stupid bastard literally punched holes through my coffered ceilings, like Donkey Kong through wooden barrels. The incompetency of some people is amazing–but I am never, ever, surprised.

I’m not declaring victory yet–but I should bank some coin, or “chedda”, as some of you ghetto types like to call it, throughout today’s trading session.

Inside of The PPT, I have a special screen to identify early breakouts, fixing the algorithms to search out a particular geometrical formation. It’s a sideways, consolidation, pattern that portends to a great many breakouts. Members of the club know exactly what I am talking about. You can access the screen by clicking here (members only, bozo).

Go to Chartpin.com to acces Fly’s Lab Top 10 picks.

I’d like to break my computer brain into a million pieces now. Nonetheless, even if we dip, it’s going to be short lived–as we have a finale to undertake before the United Steaks of America pays their fat taxes.

The technicals of the market have deteriorated appreciably over the past week. We’re not at a point where the market is oversold. As a matter of fact, the current trend is just fine, going up. But there has been an undertone of weakness, easily detected by my vast array of super computers inside of The PPT.

Here are 10 technically oversold stocks and 1 overbought ETF. This is a 12 month algorithm, meaning each time the stock hit these levels of the past 12 months, XXX happened. Moreover, the holding period is 5 days, so if they go down tomorrow or the next day, shut the hell up about it and read the freakin’ post.

And the sole notable overbought ETF.

Yes, VHC is at the top of the list. No, I didn’t make it go there.

I am doing rituals, killing goats on altars, smearing blood all over my face, making offerings to the Gods. I command thee to TRADE UP and smite thy short sellers, yonder, into the basements of hell, where they shall be hit by lightening bolts (ignore physics please), repeatedly, and devoured whole by wild boar.

“The Fly” doesn’t want to lose money, if even for a single second. He wants to make money all the time, at the expense of others– in this case short sellers.

However, let it be noted, these policies do not apply to distinguished gents who might be betting against “low brow retailers”, broken toilet bowl cruise ships or any company who believe their product will displace the US dollar (miners).

Off to the hardware store to get my Bob Villa on.

The ECB just announced they’ll back Cyprus under existing laws. The market shot higher, as a result, sending the bears into lunatic asylums. I don’t know what to make of this development. But what I do know is crises are used to fuel future squeezes higher. Shorts keep getting lured into traps. When will they learn?

In an amazing turn of events, in the time it took me to write that first paragraph, the market reversed again, lower, releasing the bears from the asylums to run about wielding claw hammers and empty suitcases, where they will chop up people and place them inside.

I’m down 0.44% as I write this. I fully expect volatility. Nothing comes easy. I have shorts in JCP, AG and CCL working; but there’s one last finale in this tape before we dive lower.

We might trade down for the next week or so. But it will be temporary. Get long into the blood, for it’s a trap. Benjamin Bernanke is waiting for you suckers to sleep on him. He’s gonna drop bombs on the bears before the tax deadline.

Bank on it.

I was feeling optimistic this morning. I had the plumber in my ceiling, punching holes through the sheetrock, putting in new copper piping. My stocks were all ripping higher off the better than expected housing numbers. Then the bastard orphans of Greece (Cyprus) and ruined my day. Literally, I went from being +2% at 10 am to down now. I don’t even want to look at my intra-day profit and loss. Simply speaking, it’s too much to bear.

For me, nothing changes. Ben Bernanke still has the biggest blunt on the block and Obama isn’t going to change a damn thing that might inhibit his swagger. We need to keep up with the Joneses and buy some new intercontinental ballistic weapons systems to show those third world peasants who’s boss.

RAS is most depressing for me. After seeing it so high and mighty, sitting atop a throne with a crown on its head, I now see it cavorting around like a monkey, in the sewers with the rest of the tribe.

Downright depressing.

Looking forward to my day ahead, I need to head over to buy some paint, for the sheetrock guy will be here in the AM and he doesn’t paint. Therefore, Le Fly will take to the brush and do the deed himself, believe it or not.

This is an obvious one.

CLF is getting hammered. Apparently, China no longer needs their iron ore for their ghost cities. The bonds are still trading above par, with the 2040’s just about even. I’m not sure what the market is saying by hammering CLF. Both CLF and WLT have been serial underperformers, which is the exact opposite of what they should be doing if China was really growing at 8%.

I’m not a buyer of any stock that is heading lower. I am, however, intrigued by the carnage in CLF, as it is a strong tell for what those lying Chinese bastards are really doing.