Coasting into the Fire

The market got fucked today; but I closed flat. I know you trollops like to see me suffer. But “The Fly” nailed this market and now there’s nothing for you to do but pay homage, fuck off, and shoot yourselves in the faces with howitzers.

I’m not buying this close, because it’s being built for suckers. Should we reflate tomorrow, I am certain EXK will surge higher. But the europeans aren’t doing anything. For the love of moving 150 boxes of personal items into a truck, they don’t even buy their own bonds. There is NOTHING redeeming about this tape. Therefore, as it stands now, I have no interest in buying dips.

I can make this very simple for you new-jacks: stay away from equities when TLT is going higher. There is a scarcity of dollars, as evidenced by the price action in TLT and UUP. Until the Fed takes an interest in reflation, trade gingerly (no homo).

http://www.youtube.com/watch?v=SL7snw3M3tM

Talk about misdirection. Corn is up 5% today, buoying shares of ag stocks like CF and POT. On the other side of the paradigm, oil is getting crrrrushed, leaving the spirits of longs broken, into small pieces, fucked entirely in their depleted brokerage accounts. The oil men from Texas are glad to sell out now, since oil is on its way, the fuck, lower. Inside of the deflationary vortex, oil isn’t worth shit. As a matter of fact, judging by the shares of prominent drillers, like PDC and KEG, oil is going to zero.

But people need to eat; therefore, corn is going, the fuck, higher.

Excuse me?

It’s not the simple. I don’t buy it.

Generally speaking, Jim “bow tie” Rogers has been wrong for more than a decade. Also, for the record, Le Fly will NOT be purchasing farm land any time soon. Fuck that shit.

Pay attention to what I am about to tell you: the market is going to bounce soon. But market participants are so jaded, the rally will be sold. I bought EXK because I am prepared to double down at lower prices. Plus, silver and gold are running, rather impressively, into the teeth of disaster.

“The Fly” is made from sturdier things, from face to foot. I will have an opportunity to buy the blood soon; because that’s what I was built to do.

A great man once said “The blood I drop is more medicinal than dangerous.”

http://www.youtube.com/watch?v=9pZ5kJqSVYs

[youtube:http://www.youtube.com/watch?v=KeNGQwkM23Y 603 500]

One of my favorite plays is to get long precious metals into the teeth of a sell off, then flip it when reflation hits. Well, The PPT was flagging OS on EXK this morning, so I stepped in. Also, it’s worth noting, ZSL was flagged OB on Friday, one of my favorite signals in the historical algorithms.

Overbought stats for ZSL

This mornings sales of AAPL, NUAN and AVGO, put my cash levels over 50%. With 5% of my assets short via HDGE and YELP cutting dicks off, I’m punching your faces in with my goblet. Everything is bleak again, spearheaded by the soccer idiots in Europe. However, please know this: the sell off will be temporary because it’s too extreme. Large sell offs will always be met with rumors of help or policy that will fuck short sellers. The way this movie ends is predictable: spear through the face of the guy who went all in short.

The algorithms inside The PPT are quite busy this morning. I have a great interest in playing OVERSOLD bounces; but they’re always so damn scary.

TLT is melting higher and everything but YELP and VHC is lower. My advice is to grab a bag of popcorn and chill the fuck out. This is about to get real interesting, real soon.

For now, I am sidelined.

http://www.youtube.com/watch?v=Ca_E75b0jeM&feature=related

Fuck this shit. I have absolutely ZERO reasons to be long right now, aside from applying pain to childish short sellers. Truth be told, I did my work; now I’m gone. Time to hedge up, in earnest, and wait for a real oversold signal from The PPT.

Bet against me, lose your house, wife and kids.

UPDATE: I sold out of NUAN, AVGO and AAPL this morning.

http://www.youtube.com/watch?v=zCPfs2s52iA

Nothing interests me anymore. I do not want to partake in pinless hand grenade hot potato, nor am I intrigued about end of world scenarios of profit. It is time to unwind, moonlight a bit, and let the retards race each other inside of their wheeled chairs.

About 16% of you are dumb enough to warrant being institutionalized. Another 16% deserve to work at a think-tank, in order to concoct idiotic policy–an interesting paradigm indeud. The rest of you are simply blinking in between sips of beer. You cannot do it by yourself. The TD Ameritrade guy is fucking lying to you.

I have two interests in this market now, subject to the strictest of conditions. One is to liquidate more of my holdings, the other is the acquisition of gold, silver and oil. As I said, there are conditions attached to buying into commodities, starting with the overall trend of the market. This trade is going to be very, very simple.

Should we trend higher, despite the bad news, I will allocate funds to the market. If we resume the fucked up trend that was dominant during the awesome days of May, I will add to HDGE and raise more cash.

Rest assured, I will not be giving back my gains this time around, unless YELP falls victim to a horrendous selling spree, which as you know is scientifically impossible.

The summer is here. Trade light and pick your battles very carefully.

I want to buy ROSE, EXK and AG. My algorithms are pointing to bottoming out action in silver and oil. However, I find it exceedingly difficult to allocate funds on a Friday afternoon. Although my bias is to the upside, I am somewhat somber about the prospects for stocks in the near term, due to the lack of catalyst. Nonetheless, we can trend higher based on Italian/Spanish yields easing and money coming out of “safe haven” bonds, which can cause a cataclysmic short squeeze for the ages.

Because of this, I am unwilling to short in size. My HDGE position is managed, small and without leverage. As you can see, it is not getting hammered today, like TZA.

My year to date gains stand at 15.5%, putting me in striking distance (4.5%) of my all-time highs. Just when you fuckers thought I lost, I fucking won.

In summary, I have lots of money to allocate and will consider doing it next week. The mood can change, rather dramatically, should we get a red session in Europe Monday morning.

Top holdings: YELP, NUAN, AVGO, ALK, CPST, NXPI and AAPL (all positions are noted, timestamped and maintained real time inside The PPT, as well as watchlists)

My position has improved a great deal from yesterday, led by gains in YELP, NXPI, NUAN etc. But I am sorry to say, this respite you are enjoying here, in the middle of the desert, is all but a mirage. You are drinking flutes of sand, not champagne.

The good news is TLT is getting crushed. The bad news is industrial related names are still down.

Now if you believe this market will head higher based upon the caprices of SODA short sellers, be my guest and buy more. After consulting with my favorite urinal shadows, I’ve concluded there will be better entry points than now.

Enjoy it while you can, for the Gods of wind, thunder and lightening will strike you down to ashes next week.

We are sort of in no mans land with regards to the market. The Fed meeting is behind us and the fundamentals stink. Couple that with the fact that school is almost over and people in my industry prefer to be drunk on a tropical island, instead of at their “trading turrets”; and you have conditions for a lifeless market. This market fucking sucks.

I’m not going to be hoodwinked into this tomfoolery on the Friday afternoon. There are certain conditions that need to be met before I step in again. First and foremost, I need to see TLT trade down hard. There’s a fucking bond bubble because the market fucking sucks and the Germans are conducting financial warfare against its neighbors.

People like Rick Santelli, and his tea party ilk, are the most dangerous people in the world right now. They are like financial terrorists, wanting to impose harebrained austerity on crippled economies. I tell you, it’s insidious, ignorant, and will never work. Borrowing costs in Europe have gone up since Germany thrust austerity upon its neighbors– because growth matters and balance sheets eat ten dicks.

I have about 32% cash, 5% HDGE and the rest long equities, about half of which is tied up in YELP. There’s really no point in telling you what I like, since I do not like anything enough to make me buy. If anything, I am warming to precious metals, particularly AG and EXK again.