Reversal and Lift Off

I will refrain from bragging until the markets close with glorious gains. However, things are looking much better than mid-last night. The Chinese markets reversed and all sorts of good news was injected into the human subconscious. As a result, Europe is ripping tits and the United Steaks is about to go “nu-ku-lar” to the upside.

According to the laws, based upon the supreme mathematical tabulations of The PPT, the following stocks are in “buy now” range:

JAH, ALN, CNH, WGOV, CRS and RL, just to name a few.

Just so you know, I am referencing a new tool of The PPT, where the user is able to search “days since” a certain stock has been tagged OVERSOLD. With that data, I cross referenced the system for stocks that have flawless track records, bouncing off previous OVERSOLD levels. In this case, I am showcasing a handful of stocks that have 100% success rates, over a 5 day time frame, that received an OVERSOLD signal 3 or more days ago. In others words: buy now.

As an aside, I’m going whale watching now.

Top picks: TNA, FLS, CLF

A lot of faggots out there take issue with using the word “rape,” as if using it in the context of a MASSIVE FINANCIAL MELTDOWN has anything to do with perverts gone wild with mental disorders. Just like when I use the word “faggot,” I am really referring to an ancient African bird, indigenous to “pussified” jungles and shit, devoid of “big dicked” carnivores.

Just in case you were wondering, “The Fly” is not on some lazy ass vacation, where he galavants around some metrosexual resort, eating piss clams, sipping on bitch drinks (when I say “bitch,” what I am really referring to is the long necked mammal out of mongolia with a big scrotum). No, “The Fly” is on a fucking journey, son. He has gone ballistic on the North East corridor of the United States on a mission of glory. I have no idea when I am going home. In short, I will go home when the Earth demands that I leave this area of the world.

I see futures are getting “raped” in a very “faggotty” way, which makes me pertubed due to my lack of proper hedging. Nevertheless, my cash position is dominant and I will have access to my trading turret, beachside, “bitches.”

More on this later.

Since U.S. markets are closed today, the rest of the world is useless, unable to establish a clear/concise direction. However, a certain coal deal in Australia raised a certain eyebrow of mine, due to its extravagant nature. Let me remind you: coal is the devil. Therefore, when someone takes an interest in coal, “The Fly” grabs his fucking crucifix and tries to figure out where the devil is located. From my vantage point, the devil, most assuredly, is in India or China.

In my opinion, news and rumors of news, elaborating about the sudden and perpetual decline of western civilization is gravely misdirected. While it’s true, the economy seems to be faltering a bit here. It’s also true, the Government jackasses are invested in continuing the ponzi scheme, just a little while longer. In other words, the dicier the markets get, the friskier Ben Bernanke becomes.

As I make my way up the northeast, “The Fly” is reminded of a quote, spoken by a great man: “it’s gonna be one fuck of a hot summer.”

Indeud.

Bunch of losers, most of you are.

I am not one to get all sappy about the 4th of July. Everyone goes through hard times and there have been many generations of Americans who fought for the liberties we are afforded today. Despite the multitude of corrupt politicians and special interest groups attempts to destroy this country, there is still much to celebrate.

On this 4th aka “white trash party day”, be grateful that you are not a “member” of a FOXCONN prison factory, in Shenzen, China, building iPads for fat fuckers in Illinois.

Do not lose faith in America, for we have the best military in the world, capable of seizing the natural resources of others (if needed), in order to make it our own (if needed, of course).

The Dow is down 7 consecutive days, the most since the debacle of 2008. We’re going into 4th of July weekend, when Americans are “patriotic as fuck,” throwing small hand grenades at one another and making pretty explosions in the sky. What you need to acknowledge, as a bear, is that you have a mental illness. Don’t get defensive on me son; hear me out.

You want America to fail, and the world. You are a malcontent, likely the result from being beaten as a child. I mean, come on, you know damn well Jim Chanos had the liver beaten out of him in the school yard when he was a young lad.

My point is this: go have a white trash party, with hot dogs and budweiser cans. This market is just about done going down.

Go ahead and bet against me. See where it gets you.

NOTE: I bought a truckload of CLF, added to FLS and CIEN and nibbled one some TNA. My cash position is still north of 50%. But it’s a process, fucknutter.

Well, we are halfway through 2010 and the markets are reeling. Despite minor year to date losses, the recent trends have been horrific, particularly in commodity related names. As always, there is a fight being played out, live in the markets, between the inflation and deflation crews. On one hand, common sense dictates that we are about to enter some brand of fucked up inflation, based upon the behavior of the Federal Reserve and incessant “bail out anyone” attitude of the Federal Government.

On the other hand, people seem to forget the banks are lying about their losses, thanks to new accounting rules, and will get sucked into the deflationary vortex, hard core, if some of the sovereign debt risk worsens. The losses are too great for the banks to bear. As a result, there will be a seizing up of credit, effectively pushing us over the ledge into the whimsical world of “double dip recession.” Plus, there seems to be a worldwide movement against easy money, vis a vis “austerity” measures and “responsible budgeting” here in the states.

Let me be clear: I am not here to tell you what is better for the economy. I am here because I know what will help stocks go higher. Say what you want about easy money and fucked up bailouts; but Wall Street likes it. Take the punch bowl away and we will all feel the pain immediately, some more so than others, indeud. Maybe we need to bite the bullet and throw this fucker into a deflationary vortex, so we can all come out “cool as fuck” on the other end, with mohawks and shit. However, something tells me deflation will lead to war and war will lead to a kick ass market. So, maybe I am for deflation?

Year to date, I am up 37% for clients and much more for myself. Coming off of 60% and 90% returns in 2008 and 2009, “The Fly” is enjoying an investment renaissance for the ages. With the grace of Santa Claus and God, I’ve been able to destroy my enemies and crush the markets, with ease and with dignity, all the while inventing the greatest investment tool ever known to mankind, The PPT.

Halfway done, I have a 65% cash position and decent sized holdings in FLS, CIEN, FTK, GS, SD, SHLD and TNA—just to name a few. My goal is to return more than 100% this year, which, if accomplished, will be the first time I’ve enjoyed triple digit returns since 2003. I am not particularly sure where this market is going, 3-6 months out. If forced to guess, I’d say we are going much, much lower. But, you never know what the Fed has up their gay sleeves. Keep in mind, the tougher things get, the greater the likelihood the Fed will intervene. Hell, we may get another stimulus package before it’s all said and done. After all, it is an election year.

“The Fly” was besieged all day at his local Lexus dealership, where the greasy mechanics tried to trick him into fixing shit that didn’t need to be fixed.

I see the market rebounded off the lows, making my early sales of VXX and purchases of FLS and TNA correct. However, I am not so sure the market is ready to suck its own cock, ahead of the July 4th weekend. Tomorrow’s numbers are meaningless. The market is being controlled by insidious robots, who need a little greasing.

It is my belief, mind you, that within 5 trading days from now the market will be 3-5% higher. It might not happen tomorrow or early next week. However, rest assured, it will happen.

Having said that, I ended today’s session with a 65% cash position.

I spit in the face of fear. With that in mind, as planned, I sold out of the remainder of my VXX, north of $32. With some of the proceeds, I bought 10,000 FLS in the $84.40’s. And, I added to my TNA position in the $34.60’s.

All of the data is negative. However, if there is one thing I have learned, through the years I’ve wasted accumulating wealth in the stock market, nothing goes according to schedule. Meaning: even the shittiest data can sometimes put in a temporary bottom. I’m not very confident about this thesis, however. Which is why, at the moment, my cash position is north of 65%.

In my opinion, the easy money has been made, playing the downside. Now it’s time to make some hard money on a bounce.

In between history lessons, “The Fly” is mapping out a precise game plan for the coming days to come, which will lead to a sharp upside reversal, in the very dumbest of exchange listed stocks. With today’s VXX sales, the current level of VXX on my chest is 15% of assets. I also reduced some of my longs by selling GLDD, mainly because it looked cool and shit last week when stocks were expensive, but not so much today. There are plenty of other names worth buying, that will sprint higher on a reflex rally. Current cash position is north of 55%.

This is high level, highly skilled trading going on here, not some nonsense that you read about on your fucking twitter stream.

Anyway, my plan is to sell out of the remainder of my VXX into tomorrow’s shit storm. There are a few stocks on my buy list. However, I will leave that advanced knowledge exclusively for the gentlemen inside of The PPT. My general plan is to remove hedges and decant my longs. Let them breathe a little and enjoy life.

On a personal level, I flipped out of my TZA for a quick one day .70 profit, on an absurd amount of shares. And I started a very small position in TNA, still holding 80% cash. Depending on market action, I intend to have 100% of my personal trading account in the most aggressive ETF’s, crafted by beastly men, known to mankind. And, I will do so without reservation or regard for your feelings. Always know that when reading this site.

A great man once said “it’s gonna be a hot summer.” I concur.