How Will You Play the Oversold Bounce?

As much as I would prefer to see the stock market drop 10,000 points today, it’s very likely to bounce. This is the nature of the beast — the path of maximum pain. In this instance, pain is being applied to early dip buyers. After said dip shitters get bogged the fuck out for their entire accounts, markets will bounce.

So how do you play it, small pleb?

With my money, I like macro leveraged ETFs — because I have a large cock. TNA or maybe SOXL is my speed. For you, perhaps options or maybe a little SPCE hi-jinx ahead of earnings?

One thing is for certain, the second fuckers commit to being bearish, the Fed or some other government hand will absolutely rape short sellers again, sending markets to record highs amidst the Black Plague and death and famine by locust.

Earlier on, I day traded in and out of SOXS for +2.6%.

Right now Nasdaq futures are +70 and virus stocks are down in the pre-market. It appears the crisis has passed us like a ghost ship in the night and we’re all faced with the lovely spectacle of Robinhood investors making their fortunes vis a vie idiotic option gambits gone right!

However, bonds yields are slightly lower again, which speaks volumes about the tone of the smart money here, presently hiding and cowering in ultra-low yielding government obligations. There is very little risk appetite out there now, aside from the millennials making mockeries of themselves on WallStreetBets each and every day. Nevertheless, who am I to poke fun at the new generation of traders, while I was just as crazy and idiotic when I had my start in the business. I am merely taking part in the old human tradition of casting aspersions onto people younger than me. But truthfully, I am not really worried about the millennials. The Gen Z’ers are the ones we need to fear. Those bastards don’t care about anything but gender fluidity and other asinine subject matters, all pertaining to the toxic cancel culture that is part of their every day lives.

What fucking rubbish.

I am not impressed by a small dip following a TITANIC decline. If bond yields don’t rise, the rally will fail.

UPDATE: Twitter admitted to being wrong about my suspension, thanks to a friend at Marketwatch.

I really love Twitter, but loathe and despise how it’s operated. The AI is dumb. If it’s not the AI, then the people who execute bans are more than dumb, but malicious.

My account just got banned for 12 hours for this reason.

This is the 4th time Twitter has suspended me. It’s only a matter of time when they finish me off for good, ridiculously. I hate them.

Why did I tweet that to Trump? Because he’s begging for the market to crash on him. It was in response to this tweet of his.

The Coronavirus is very much under control in the USA. We are in contact with everyone and all relevant countries. CDC & World Health have been working hard and very smart. Stock Market starting to look very good to me!

— Donald J. Trump (@realDonaldTrump) February 24, 2020

#FreeTheRealFly

Peter Navarro is out talking greasy about China restricting exportation of N-95 face masks and said the US is working diligently to firm up the domestic supply chain. This can only mean one thing — more business for APT and LAKE.

I am long APT.

I executed two day trades today, COCP for +44% and SPCE for +8%.

Here is the balance of my closed trades.

NNVC +63%
SOXS +21%
FAZ +7.8%
JNUG +5.2%
ZM +3.8%
STMP +85%

See pal, that’s who I am. Fuck you go home and play with your kids.

Although tempted to buy the dip, I restrained myself due to the chance of a stark morning dip following the destruction of European markets. I am 40% cash now, long a sundry of highly spec virus related plays and other things. It was a fine day, perhaps the best of the year for folks inside Exodus — because we made so much money on a day where everyone else lost.

This small bounce following the -1,000 print feels like a trap, but it could be legit. I do see staggering losses in the commodity space. Look at steel demand in China, comically offline.

Perhaps it’s best to wait for some dust to settle before legging into semis, no?

On the other hand, speculation is running rampant in the virus/face mask sector now. Quit being such misers and invest in your future lads. Join Exodus today and get a free Orbital Space Cannon (OSC).

Let’s think clearly about this for a minute. IBM was up 16% heading into today. Fucking IBM. A slew of SAAS stocks were up 20% heading into today, 1 month into the new year. A god damned pandemic is shutting down cities and borders around the world.

This is the definition of Black Swan.

The way you trade it is with caution — because at any minute now those fucking devils at the Fed will announce some scheme to support equities.

My trading account is up around 8% today, mainly because of monstrous wins in a variety of virus related plays and some shorts. I wasn’t lucky. That was skill.

I have another virus trade on the books now, long at $2.7, now at $3.0. I had COCP day trade from 0.72 to $1.04, now trading at $1.32 with someone inside Exodus threatening to “eat his own cock” should it print $2 today. Crazy stuff.

The Nasdaq is off by more than 300, Dow more than 800, yet here were are winners.

Is it by happenstance this should happen? Are we blessed? Should the SEC be informed about these transactions? I don’t know. You be the judge.

Oh, by the way, Italian markets were fucking raped for 5.5% today.

UPDATE: Sold COCP, day trade, +44%

This is getting repetitive.

Here is today’s catches, fresh from the fish market. Closed out trades.

STMP +85%
ZM +3.8%
JNUG +5.2%
FAZ +7.8%
SOXS +21%
NNVC +63%

In case you’re new here or just coming back after months of siesta, I no longer give picks here anymore. Those are reserved for the closers only in Exodus.

Indeud.

Here is why your portfolio is getting lit aflame.

Don’t read before bed: “While a sneeze or a cough by someone infected with a “respiratory disease” can only infect others within a few meters, the virus-laden gaseous plume from an infected person having diarrhea can infect others up to 200 meters.“ ? https://t.co/k9e65oM8pW

— Eric Feigl-Ding (@DrEricDing) February 24, 2020

The virus is spread by farting, at a distance of 200m.

On this news, Nasdaq futures are -290. European stocks are being mangled, off by 3.5% — Italy down by 4.6%. Lit the fuck up. Oil off by 4%, gold up by 2%, the US 10yr now with a 3 handle at 1.39&.

HOLY FUCKING SHIT I’M GOOD.

My positions heading into today.

35% cash, JNUG, SOXS, FAZ, and NNVC.

I’ll be updating as the day progresses.

Look at the panache of this chap, pocket square inflation out the motherfucker. He has the red socks going hard, doesn’t give a fuck. Check out his picket watch too, affixed to a chain he probably bought in 1907.

I know you want to talk about the Dow indicating down 400 and how Le Fly was fucking dead right again, long FAZ, SOXS, GLD, TLT, JNUG and a virus stock into the maelstrom. But we’re not here for that now.

Look at this magnificent man.

What’s he doing here, aside from telling the world how it is? He’s giving some millennial snowflake the business — telling him to fuck off and to get his thumb out of his big ass — that’s what.

Look at this punk’s haircut.

I don’t know who this nice chap is, but it would’ve been nice having him as a Dad.

“Hey Dad, can I get some of that iced cream from the man in the truck.”

“Listen here Fly, that fucking iced cream is for sissies. It’ll make you soft and grow big floppy jelly tits on you. Have some fucking oatmeal and be a man.”

BEHOLD.

Look at the top ranked sectors in Exodus. Looks oddly defensive no?

After such a gigantic melt up in January, coupled with pandemic fears and supply chain disruptions in Asia, it’s time for a fucking pause. It’s time to board the ark and also get into the FAZmobile. Definable risk in XLF and SMH makes for a palapable trade to the downside. Get positioned for some downside and bathe in the blood of your enemies. The good days are officially over and with it comes dark sadness and gloom.

Aside from the plague, global growth is at risk of collapse — because of aforementioned plague. Ergo, and this goes without saying, a fucking black swan is upon you.

I realize this is the last piece of shit news you’d like to be entreated with on this fine Saturday afternoon. But too bad. Life is hard sometimes and you can’t always get what you want. Sometimes you get what you deserve, and sometimes much worse.

Le Fly is positioned for downside risk, but not an exaggerated degree. I first want to see some confirmation on Monday and then I’ll really get bearish. You have no idea how acrimonious I can be — like a funeral director with the blog up in here.

Cheers!

It’s over faggots. You had your fun in the sun; now it’s time to die from the Coronavirus. But before you do, your brokerage accounts will hit zero.

The 30yr mortgage is at record lows. Gold and cryptos are soaring. Banks and semis are being dismantled. What more do you need to see?

Apple has already told you business would be hampered. We’ve got the beginnings of a very serious rout on our hands and yet there you are not taking it seriously. You are this way thanks to a decade plus of central bank rigging. But guess what pal, the Fed can’t stop the virus. Business in China has ground to a halt and soon their banks will dissipate into dust.

I am more than 50% cash, long some SOXS, some gold, and lots of $STMP — which has doubled from my basis. I will have you know, inside of my quant, I am 10% long TLT and 10% GLD, no accident there of course.

The fate of humanity rests in the balance. How will your narrative be woven, one of a degenerate spend-thrift who lost it all in the great crash of 2020 or the sage of salt who buried his enemies under 10 feet of salt for betting against him?

HAGW.