MARKETS HAMMERED TO DUST INTO THE CLOSE

We were having a jolly good day up until it all ended. Not sure what the news was, but perhaps it was Pelosi releasing a statement with the intent to BOYCOTT CHINA in the 2022 olympics for “human right” issues. That is rich. This further confirms my theory that Trump’s hard on for China had nothing to do with his feeeeelings, but official US policy. Like a dog, he was instructed to fuck with them and appear to be unhinged. Now the US govt is affirming those feeeeeelings with another round.

I was fortunate to be mostly in cash towards the end of the day, only diving back in for a foray in some materials. I gave back 40bps and closed up 347bps in what can only be described as masterful trading, booking 18 of my last 19 trades for profit.

Into tomorrow, I suspect we will bounce back — but would not be surprised if we faded — depending on the news.

Off to tennis.

Hourly seasonality data over the past month would suggest a 1pm dip, at which point an optimal buying opportunity will present itself. I have heeded this data and accepted it as a universal truth, sashayed to and fro, out of the market now at 95% cash, +360bps for the session. I am presently 16 for my last 16, 29 of 34. This is what one would call a hot streak.

YTD gains stand at 182%. I believe in this rally, as much as I believe ANTIFA FLY isn’t really a communist.

Small plebs

The Stocklabs 12mo algo did indeed nail the bottom of this range. For those unaware, we are in beta trials for Stocklabs now, a work of art that has consumed my life for the past two years. We have improved upon the already great algorithms and increased the size and girth of the platform to include many great things. So many great things it would sully this post to mention here, so take a free trial while we are in beta. After beta, there will not be any trials.

I am presently 70% invested +270bps for the session, making coin at will and without breaking a sweat.

I reversed my losses and closed green, in what could only be described as a hard fought slug-fest, slow moving yet methodical foray into the black. I endeavor to increase upon my fortunes tomorrow and will not accept anything less than grandiose wins.

I covered my TSLA short and walked away from it +1%. I am still long a variety of EV stocks, in addition to TNA and several other machines of profit. I feeeeeeel as if the tides are turning and we might soon see a tangible breakout that will represent the final tech melt up in 2021.

It’s worth noting, Jim Biden is interested in universal income for poor people indefinitely and is proposing money per child that will amount to thousands. I have no idea how this plays out but know it keeps the inflation story hot.

God speed.

Observe as the crypto universe of wealthy geeks lays waste to Elon Musk and his shitty automobile company. Shares of TSLA are down 3% on a day when EV stocks are flying. Clearly, this is a FUCK ELON trade, only further supported by a tremendous rally in BTU (coal) +30% and going.

I am partaking in this trade — because fuck Elon and his lack of empathy. Ironically, I’d like him to burn in the fires now and forever. I am bullish on coal and any EV company but TSLA and also short TSLA — because nothing says a cleaner environment than Elon shutting his filthy mouth.

People over the weekend just found out for the first time dirty coal powered Bitcoin. As such in this idiocracy themed world, shares of BTU are surging higher. Wait until they find out it also powered Elon Musk’s Tesla cars.

On this topic, I spit on shares of TSLA and have purchased FSR in protest. We do not support evil at House Fly, ergo, and this goes without saying, fuck Tesla.

Early going, the momentum wants to swing higher — but the devil (margin clerks) are holding it back. I am fully prepared to throw it all on red and sit back, relax, and collect my winnings. Presently, I am down 50bps, but trying really hard to find an opening in the scales to reflect my light upon it.

I’ve had enough of this piece of shit autist, Elon Musk. I don’t own Bitcoin and I don’t mind my ETH position going down because this asshole decided he wanted to entertain himself by tweeting negative comments about BTC, all of a sudden so concerned with environmental factors when mining for BTC.

This dog brain only serves to pump piece of shit DOGECOIN, turning what was a laughable fun way to act stupid and making it serious. This fucked for face is now quite literally talking about using DOGE as “earth’s currency”. Again, and once again, a billionaire with a god complex inserting himself into the lexicon for bad.

I HATE when assholes like Elon play god and interfere with the ordinary folk, causing them to lose money. We all understand the risks associated with investing but they do not deserve this, mushroom’d Elon taking on some of his enemies who are long BTC via shitting on the asset publicly forcing it lower.

Nothing he says is relevant and his environmental concerns are nonsense. Elon doesn’t give a fuck about the environment — because if he did he’d stop selling his stupid cars in China.

I’ve always been indifferent on Elon, chalking him to eccentric billionaire with time to kill. His DOGE tweets hurt no one but shorts and he was more or less benign. But now he’s actively hurting people via an opinion rooted in nonsense and causing the entire crypto space to upend, because people place so much value in the opinions of the mega wealthy, as if they had any fucking idea what they’re talking about.

This is new and interesting. Fuckheads who mine for lithium and do business with the world’s largest polluter on the planet (China) are now eschewing Bitcoin because it takes up too much electricity to mine. Both SQ and TSLA have distanced themselves from BTC, equating it to a fucking coal mine. Meanwhile they both have no problem bolstering the Chinese economy who uses coal in just about everything short of their kitchen ovens.

The electricity grid is constantly being upgraded to include renewables so I don’t know why their problem is with BTC and not instead offering solutions for electricity supply. I’m certain the Federal Reserve is quite pleased about all of this and we have seen a tangible deterioration in virtually all cryptos since this new bend on environmental fundamentalism, with exception to CLEAN ALTERNATIVES: MATIC, ADA.

Fuck off.

I make no assumptions about what is going to happen next, only that ETH reflex rallied to $4200 and has since sunk into the $3700s, looking woefully bearish. I presume this is yet another attempt to disrupt and bankrupt small plebs who’ve made small fortunes playing games on pancake swap, who have been boasting to their idiots girlfriends how much money they’ve made in Cum Rockets and Safemars since idiocy has gone mainstream.

I will not waiver or bend, however, and will continue with my plan to buy more ETH the first of every month.

NOTE: Stocklabs BETA TRIALS INVITES WERE EMAILED. Check your spam folders to make sure you didn’t get one. If you didn’t get one, be patient we are sending more next week. During beta trial periods, 10% discounts will be granted.

We have bounced, but it wasn’t easy. Lots of moving parts. Momo was still absent from much of the day, only ramping into the closing hours. I managed my book frantically, in and out several times, and closed near session highs of 1.75%. My quant was +250bps and YOLO +330bps.

My sense, the trend of value will continue, also commodities. Being long banks, old man stocks and some oil/ag makes sense on a longer term basis. I also do believe the inflation data is in fact TRANSITORY and will dissipate inside of 6 months. Think about it. Nothing has changed other than stimulus checks. That cannot last forever and once it is gone — inflation goes with it.

Long term, betting on lower rates via TLT makes sense to me. But in the meantime the perception of inflation persists, so you can play stocks like OXY, X or MOS until the trend ends.

Old man stocks like CHD, PG, KHC and CL have done well, but will not do well once markets regain its mojo. Also, if rates continue to go up, the risk reward for 3% divvy payers is gone. Perhaps smart money is already betting on lower rates and that’s why we are seeing value stocks run. But I doubt the market is thinking that far ahead.

For next week, I suspect value to continue to outshine; but there’s also a chance the true reflex bounce for momo stocks might happen and soon. I am talking about 20% runs in a day and it’s coming. See CPNG and WISH as two examples of what awaits.

But after the bounce, fade it twice. The tech run is over for 2021 and cannot return unless something materially great happens to the economy.

Beta trials are ongoing inside Stocklabs right now. Perfect timing, since you get to see in real time the grandeur of our mean reversion algorithms, yet again nail a bottom to the exact day.

It looked dicey for a minute and the day is young and anything can happen. But the writing is on the wall, at least for the day. We have a magnificent rally going and all of the finest stocks are rising, led by our hero Catherine Wood and her ARKK wonderfully managed ETF. Spring has sprung and with it extinguished are the fires of yesterday, malevolent creatures of the night catapulted back into their cities dead.

We will feast upon the flesh and the bones of our enemies and cast long ominous shadows upon their movements and never let them breathe freely.