TECH WRECK

Listen very closely, as you can actually hear technology stocks crashing into one another, like little clouds made from metal. As a point in fact, the bustling metal is giving me quite the headache. Are you not disturbed by it, especially during afternoon tea and crumpets time? Thus far, we have received NOTHING BUT BAD NEWS in the tech sector. Please do not mention AAPL, for they are in a world of their own.

Yesterday’s warnings came from TXN and NSM. Fuck faces from the internets, IGNORE THESE WARNINGS AT YOUR OWN PERIL. Hey, it’s not like I give a shit; but I’m just saying you should take a peak.

OVTI, ATHR, ANAD, CSCO, NETL, SWKS, SNDK= CLAWHAMMER.

That’s all.

Oh, by the way, during OVERBOUGHT cycles, according to the laws dictated by The PPT, GLW goes down 87% of the time for an average loss of 4%. Now you know why I sold out of my GLW last week. On the other side of the coin, in OVERSOLD cycles, GLW trades higher 81% of the time for an average return of 9.6%.

What does this mean?

SHOMP

NOTE: Yes, I see oil is higher. But now ask yourself a question, punk, “is The Fly feeling lucky?”

VXX was down a smidgen. BAC mini goose-stepped higher and TZA was flat. And, to boot, FTK was up a little. My day, essentially, was a grande waste of time. However, I did take on a new position in SCO, entirely bearish on the near term prospects of the black gold. Fuck “the black gold” and everything it stands for.

I can relay my message of doom to you in many different ways. However, I will choose this one:

Within one month’s time, the market will be markedly lower from today’s closing price. You do not need to second guess me or follow my leadership. However, you must respect a man, such as myself, who is willing to speed dice carrots, all the while his testicles are present on the chopping board with. It’s not important for me that you make money, as success is gratifying enough for me. But, you will understand my methods and they will be documented here for the world to see, as these scriptures will one day be added to the Book of King James.

The metals were weak all morning long and it finally caught up with the greater indices. They were like little mosquitoes, draining the market little by little, until it was too weak to stand. Well, here we are now and X is diving into cement pools, with the SPY not too far behind. This is especially disheartening since TLT is down so much. But I digress.

Soon enough, you will come to understand that “The Fly” is blessed by the stock market Gods. They bestow gifts of coin to him, while preparing his harem in the after world. While it’s true, VXX is not behaving and is deserving of scolding hot water to the face. I am subsidized, emotionally, by the joyous action in TZA.

I TZA your face.

In short, prepare for the rollover, AND MORE.

UPDATE: I bought 10,000 SCO @ $15. Fuck oil.

I expected many of you to point your crooked fingers at me, once the market moved against me. Yes, as a matter of fact, this is what it’s all about. Don’t you worry about me, I have my gasoline spray guns ready, with matches not too far behind. You didn’t think I expected to be right immediately, did you? Let me be the first to tell you, coming from a person who is accustomed to be right, this is a process. I EXPECT to be wrong, before vindicated through sweet winship.

We all have choices, while living out our days on this stupid planet. Obviously, you choose to bet against me. How’s that working out for you, year to date?

Yes, the data was good. Yes, the market is higher. Yes, I still think we trade lower.

No hiding.

With today’s sale of GLW, my cash position is now over 40%. Pair that bitch with my 22% VXX and I am pretty damn defensive right now. I could very easily buy more VXX down here; but I’d rather eat fish. Plus anyway, my recent foray into longs like BUCY/FLS netted a good sum of profits for me. I am inclined to play defense on the way down, and aggressive offense on the way back up. But, there is a notable difference in the manner and nature with which I trade my personal aggressive accounts. Keep in mind, small plebs, these are not retirement accounts or the family estate accounts. These are “fuck you money” accounts, where I endeavor to outstrip you in the most belligerent ways known to mankind.

In those accounts, I am up more than you can fathom; therefore, I will not share the percentage return in these chambers. With these accounts, I have dedicated them, exclusively, to trading The PPT ranges. In others words, when it says OVERBOUGHT, or close to it, I sell and bet against the market. When it says OVERSOLD, I go long the most egregious 3x ETF publicly traded, utilizing my intuitive position building skills, only learned in a small part of the world—just east of Flatbush, Brooklyn. I do not debate with computer generated algorithms that have proven to be more than 75% accurate in timing pivot points, for that would qualify me for a rubber room dressed in an Armani sleeveless dinner jacket, and would be pure madness.

Gentlemen, we are in an OVERBOUGHT cycle and will remain in one, until my robots say otherwise (it’s not delusion when it’s true). As a result, I have positioned 75% of the assets in my accounts into TZA. With the remainder of the cash, I will average down in the position, if need be.

For managed accounts, my largest position is VXX, then BAC. With profound warnings in the tech space, my money is betting on rapid VXX appreciation sometime very soon, just in time for the debut of Wall Street 2, as unbelievably stupid as that may seem.

NOTE: Questions are not welcome, nor accepted, on this here blog.

Thank you.

Learn to be patient. Add by subtracting.

Today was not meant for me to do much, so I did little. I sold my GLW, which effectively greatly increased my VXX exposure, as GLW was one of my largest long positions. That was enough. I walked away and haven’t thought about the market since.

I will have my day and I will end up victorious. Rest assured, the markets are bounded by certain mathematical formulas. As it happens, I am in possession of said treasures and use them while traveling through space, in my fucking rocket.

In my opinion, the earnings warnings will come home to roost. Analysts will downgrade investor favorites to “stay ahead of the curve.” The cycle of lower expectations has begun.

Trade accordingly.

Ignore today’s warning from SLAB at your own peril. Ignore Samsung’s warning, speaking of “DRAM gluts”, and lose your limbs during the next semiconductor down-cycle. There is a reason why INTC is cheap. Frankly, I am done trying to hold onto tech. As a result, first thing this morning, I blew out of my GLW position. It was one of my biggest. Instead of playing whack-a-mole with tech, I’d much prefer another industry for my hard earned investment dollars. Thank you very much.

Hell, I am better off playing commodities, than tech. Essentially, any sector, with marked exception to the degeneracy of biotech, is better than tech. Your smartphone is dead; long live your fucking steel plant.

We’re off to a decent start this morning, with FXY, UUP and TLT down. Risk, for now, is back in play!! YEAH, BABY!!

Nah, just kidding. I am not impressed. Into this nonsense, I will raise more cash.

On a serious note, breadth is very good and this rally should stick. However, I do not have an interest in playing it today.

I want to have a very open and forthright discussion with many of you. Due to the colourful [sic] language and boastful demeanor that I exude, most of you believe “The Fly” is some sort of arrogant prick, who cares about nothing but himself and his stupid/preposterous sized rib eyes (2 1/2 inch thick). Well, most of the time that shit is true. I couldn’t care less about most of you, with your discourteous behavior and low IQ ways. However, I do appreciate the candor, just prior to banning your dumb asses forever. If you thought this blog post was going to morph into some bullshit heartfelt message, think again motherfuckers. “The Fly’s” dick swings low and you are nothing more than dust. Poof.

As far as I see it, you fuckers owe me gratitude and random gifts of tribute, for all of the time machine magic I send your way. Where else can you find a mathematical algorithm (The PPT), for retail use, at $29.99 per month as per annual subscription, with a level of accuracy never seen before, especially by you ham and eggers? I am in the industry of managing money on a professional level. This is a level much greater than your local broker. A level far and above most hedge fund managers, if not all of them combined, and more.

I beg of you one thing and one thing only:

PLEASE SHUT THE FUCK UP when I am banking coin. It distracts me from the task at hand and fills my large “calculator brain” with descriptive visions of uncontrolled violence. I appreciate your cooperation in this regard.

In closing, the beatings will continue, until you capitulate and I am able to purchase your margin liquidation. Understand something, you have a choice, either take it or get raped. It’s up to you.

Good day.

We’d be down more than 2% today. I know the metals do not hold the weighting to avoid such a decline. However, bulls look to those names as leadership. When the leadership is strong, bulls tend to hold onto their sell tickets. Look at the other sectors getting lit up today and ask yourself “does this make sense?”

Answer: of course it doesn’t, you stupid jackass.

I will make this simple for you. Europe is today’s boogieman. As a result, the euro is getting smashed to pieces, lending “apeman” strength to the dollar. The yen is powering forward, further destroying the entire country of Japan, Godzilla style. And, finally, TLT is ridiculous to the upside, as predicted by certain seasonality trends. This is a bad recipe for a rally. I am not ruling out a rally tomorrow. Understand me now, I am ruling out a rally for today.

My longs include FTK, iBN, C, BAC, GLW, GS, amongst others. I have decent exposure to financials and massive VXX positions. On a personal level, I am about 75% invested in TZA. The other 25% is cash, which will be reserved for dip buying opportunities. Essentially, you do not need to understand my methodology; but you must respect my pimp-hand–for it is strong.

I added to my TZA position, $32.60.

Disclaimer: If you buy TZA because of this post, you will become paralyzed with fear, unable to venture outside to water your lawn. And, you may lose money.