Logic Provides a Bounce

The sublime harmony of mathematical precision was your remedy for avoiding Friday capitulation.  It is true, a bounce showed up today without much persuasion, but does it carry enough energy to explore higher in a quest for value?

It seems we have uncovered sellers late in the session, sellers who are rather convinced of their correctness.  However this selling behavior too can be attributed to logic and reason.  Our Nasdaq index as well as the S&P entered neutral territory early this afternoon.  I had a likely expectation for trade to return to the mean (today’s VPOC at 3886.75) before we head elsewhere.  Thus when a certain passion burned in my soul to increase my long exposure this afternoon, I quenched my mind with a much needed nap.  We closed the market down above the midpoint, barely, suggesting a slight upward bias into tomorrow’s trade, but not nearly as vigorous as one would expect if the neutral day had printed a close near the extreme or HOD.

For you Chinese burrito fans, bear in mind their PMI data is coming out just before 10pm.  I will not be watching said news but rest assured I will be keen on the overnight reaction to it come morning considering I hold a flaming hot sack of burritos including:

WUBA, SINA, WB (WB and SINA…oh boy), and VNET

We must too consider how Chinese PMI may affect X, as USA makes the hottest steel on the block, something China buys by the shipload.

If it is my fate to rise in prominence on the financial blogging circuit, then I must be a steward not only to the fine people who visit our halls but also to the public.  It is what that in mind that I have trickled back onto Twitter.  My goal is quality tweets, never wasting a word but providing actionable calls.  Tell your friends about @TwoSmuth, the handle not-so-easily associated with yours truly.  I put out a gem today:

Great spot to buy some $WFM if you missed the post earning's firesale. FD: Long

— Raul (@TwoSmuth) August 4, 2014

If you care to do so, put that timestamp next to an intraday WFM chart.

I couldn’t script the morning’s price action in the /NQ better with a crystal ball. My primary hypothesis played out to near-perfection.  You have no idea the joy this brings me.  This is a methodology working after tens of thousands of hours at work.

Finally, I gave myself time to ride through the lazy month of August when I purchased a position in Pandora.  This is an internet radio station, something that used to hype up my person all sorts of ways in my early blogging.  Now it is simply another attempt to make a few bucks on a little pop.

I BOT more TNA with some sharp timing.  It was a good day.  Let’s stack up a few good days of diligent execution, shall we?

If you enjoy the content at iBankCoin, please follow us on Twitter