RAUL grounded from Twitter for 12 hours after lobbing insults at $TSLAQ trash

I was in a spirited mood overnight, satisfied that the stock market had validated my fresh allotment of Tesla intraday by rallying up-and-away from my buy point.  Having enjoyed a glass of George Clooney’s Casamigos tequila with my chief scientist whilst watching District 9, I took to ‘the Twitter’ in my altered state and was, of course, fed tweets about Tesla because the algos know what daddy likes to interact with.

You can imagine how lively the troglodytes over at $TSLAQ were yesterday, who’ve been emboldened of late by the normal way $TSLA shares have oscillated from the top of their WELL ESTABLISHED RANGE to the bottom.  These people do not understand what Tesla has achieved as a company, yet alone how an auction works.

Auctions spend most of their time in balance.  Just when you think a stock is going to breakout, or break down for this matter, it most often doesn’t.  Instead it reverses course, and takes another trip back through the range.  That is, unless, a major new piece of information sways enough participants to abandon a generally accepted value in search of a new one.

Anyways, here’s what happened.  One of these accounts called TSLA shareholders and stakeholders ‘bimbos’.  I cannot pinpoint which of the following accounts, because I was forced to delete my response to start a 12 hour timer on my Twitter suspension:

@stockspotify

@RichardKeppler1

@DReed67

@QTRResearch

Actually, now that I have typed out these handles, my memory has been jostled loose.  It was DReed67.  I am going to go out on a limb and assume DREED was born in 1967.  Therefore it is likely he has called many a woman a bimbo in his time, and he’s probably, in general, a real misogynistic piece of shit.

Anyways, my response was mean.  I’ll be the first to admit it.  I replyed, “bimbo, you sound like white trash.”

Which was wrong.  And if @jack is reading on a fluke, I am sorry.  I am.  That was not a nice thing to respond with.  And if any of the above accounts, especially the one who reported me, ever wants to come to Detroit, I would be happy to show you around.

Henceforth, let it be know RAUL cannot tweet again from his Twitter handle @IndexModel until 7:50pm EDT.  Please show your support for me during this hard time by sharing this post and my upcoming trading report to Twitter.  There are little buttons below to assist you in doing so.  You know I still love you, even if you don’t share, and LONG LIVE TELSA, LONG LIVE ELON (PRAISE!), THANK YOU @JACK FOR TWITTER.

Also a special thank you to Master Fly for creating this wonderful playground, IBANKCOIN, a bastion of free speech in the battle for financial gains. Hallelujah.

Raul Santos, May 3rd, 2019

My stream of conscious thought can be also be followed on Stocktwits where, as of now, I am currently not suspended: http://stocktwits.com/indexmodel

I shouldn’t have to announce every time I buy more Tesla because timestamping my entries doesn’t matter—these shares I’ve been accumulating for years and years and years will either achieve a 1,000 handle or trade to zero.

When I choose to make my quarterly allotment is of no concern.  If this tree grows, we shalt not know until halfway through the roaring ’20s.

Next quarter we likely won’t be having a blogger/reader experience.  I’ll just buy more Tesla, hopefully for less than I paid today (about 240 bucks), and go back to working the NASDAQ.

Henceforth, as prior, let this post serve as a reminder that I am a long-term Tesla investor.

::waves from Mothership::

Raul Santos, May 2nd, 2019

NASDAQ futures are coming into Thursday gap up after an overnight session featuring extreme volume on elevated range.  Price worked higher overnight after continuing to slide lower for a bit following Wednesday’s afternoon sell-off.  Price dropped to a new 7-day low before catching a bid near last Monday’s (4/22) high.  As we approach cash open, price is hovering in the lower quad of Wednesday’s range.  At 8:30am initial/continuing jobless claims data came out weaker than expected.

Also on the economic calendar today we have durable goods and factory orders at 8:30am followed by both 4- and 8-week T-bill auctions at 11:30am.

All of the important tech earnings are complete for the week.

Yesterday we printed a neutral extreme down.  The day began with a gap up into the Monday midpoint.  Sellers were unable to fill the overnight gap during the opening two-way auction.  Instead price began working higher, pushing range extension up in the late morning but buyers were unable to test beyond the Monday high.  Instead we came into a balance formation and awaited the FOMC rate decision.  First reaction after the announcement was up, it took out the daily high by a few ticks but again could not test beyond the Monday high.  Instead we had a failed auction.  Reaction two and three to the FOMC rate decision were down and this triggered a liquidation that probed down near Tuesday’s low.  We ended the day near low-of-session.

Neutral extreme down.

Heading into today my primary expectation is for buyers gap-and-go higher, trading up to 7800 before two way trade ensues.

Hypo 2 stronger buyers sustain trade above 7800 setting up a move to target 7831.25 before two way trade ensues.

Hypo 3 sellers press down through overnight low 7732 which resolves the 4/22 gap at 7734.75 (we tagged this level during globex but not during cash)  and continues lower to 7728.50 before two way trade ensues.

Levels:

Volume profiles, gaps, and measured moves:

NASDAQ futures are coming into Tuesday gap down after an overnight session featuring elevated volume on normal range.  Price worked lower overnight, trading down into the lower quadrant of Friday’s range before settling into balance.

On the economic calendar today we have consumer confidence and pending home sales at 10am.

Also Apple is set to report earnings after the bell and is almost certain to put some volatility into the NASDAQ.

Yesterday we printed a neutral extreme down. The day began flat and with a tight two-way auction. Buyers began campaigning price higher, taking us range extension up, but were unable to make a new record high before closing bell. Then earnings from Google came out during settlement and the weaker-than-expected data resulted in sellers reversing all of the day’s gains and more, closing us at session low.

Neutral extreme.

Heading into today my primary expectation is for buyers to work into the overnight inventory and close the gap up to 7813.50.  From here we continue higher, up through overnight high 7816.  This sets up a move to tag 7833.75 before two way trade ensues.

Hypo 2 sellers gap-and-go lower, trading down through overnight low 7779 which sets up a test below last Friday’s low 7755.50.  This triggers a liquidation down to 7728.50 before two way trade ensues.

Hypo 3 stronger buyers sustain trade above 7833.75 setting up a full reversal of the Google sell-off, trading us up to 7869.75 before two way trade ensues.

Levels:

Volume profiles, gaps, and measured moves:

NASDAQ futures are coming into Monday flat after an overnight session featuring normal range on elevated volume.  Price worked higher overnight, probing up near Thursday highs before settling into balance.  As we approach cash open, price is hovering at the Friday high.

On the economic calendar today we have the Dallas Fed manufacturing index at 10:30am followed by 3- and 6-month T-bill auctions at 11:30am.

After the bell, Google parent company Alphabet is set to report earnings.  This is a NASDAQ moving report.

Last week began with a gap down then strength through Monday and into Tuesday where we saw conviction buying which pressed the NASDAQ to new record highs.  The other indices haven’t made new highs yet alongside the NASDAQ, and during the second half of the week, while the NASDAQ mostly marked time, there was a bit more weakness in the other indices.

On Friday the NASDAQ printed an odd-looking normal variation up.  The day began with a gap up in range that sellers pressed into.  The early selling drive pressed down into the conviction buying from Tuesday, and by 10am responsive buyers (responsive relative to the Friday open, initiative relative to the Tuesday conviction day) stepped in and began working price higher.  Price worked higher for the erst of the day, eventually closing the week out at session high and just a few points off of all time high.

Heading into today my primary expectation is for sellers to press down into the Friday buying, look for price to trade down to 7820 before two way trade ensues.

Hypo 2 buyers work up through overnight high 7859.75 setting up a move to target 7870 before two way trade ensues.

Hypo 3 stronger sellers trade down and tag the 7800 century mark.  Look for buyers down at 7792 and two way trade to ensue.

Levels:

Volume profiles, gaps, and measured moves:

Earnings season has been kind to the stock market thus far.  The only companies that matter are big tech, and big tech is stronger than ever.  Can you believe it’s the year 2019 and people are still investing in oil?  Investing in a commodity is not intelligent.  Especially a commodity that is losing its natural demand to cleaner alternatives.

If you must invest in a commodity or its ancillary businesses, let it be cannabis.  Be aware that commodity businesses are still a patriarchal stronghold, and that the same families who’ve ridden other commodity booms are shifting their fortunes over to cannabis.  They know commodity-based businesses require large capital investments, that the growth is slow but incremental, and they’re dealing in basic materials.  And the only reason cannabis is even remotely interesting to invest in is because the industry was artificially stifled by policy.  Had hemp and weed been legal all along, it would already be another blown out commodity industry with huge, stodgy, leaders cemented in place.  Boring.  We’d be back to investing in oil.

That said, I have zero interest in cannabis stocks.  Go talk about investing into that degenerate industry with your Uber driver.

Have you ever played Monopoly?  There’s only one winner, that’s the whole point of the game.  I only invest in companies that have a chance  to win the proverbial ‘Monopoly’ table of our current simulation.  Names that could win Monopoly: Microsoft, Amazon, Tesla, Salesforce, Goldman Sachs, GOOGLE.

I am aware that several, smaller Monopoly matches are taking place, and some 0f these themes are worth investing in.  There is a big one that will always satiate the desires of the hyper-wealthy: immortality. The philosophers stone.  If a company is promising to keep humans from dying, that’s investable a space I want to invest in.  Conversely, I wouldn’t touch drug makers.  Drugs are fucking trash.  People are finally realizing that they can medicate themselves 2-3 times per day with food.  This trend is not going away.  The trend in medicating problems away has matured and all that new age fluffy guff the flower generation latched onto is now mainstream, hallelujah.  But using viriuses to alter DNA, or building synthetic babies, that is something I will invest in.  Cyborg/regenerative stuff is investable.

AI and robotics must be invested into.  Robots will liberate the human spirit from its current miserable state of factory labor and driving and being accountants.  Mankind will be freed to focus on what truly matters: wisdom, self-control, justice, and courage—the art of living.

These are facts.  The arrow of progress is cutting through the air and there’s not much we can do to change its trajectory.  Humans don’t want to die.  Robots are growing in intelligence.  Capitalism is the chosen ethos and in the end of every capitalist simulation there’s only one winner.

Accepting these facts, and forming an investment approach around them requires holding positions for a very long time.  These changes happen slowely, then all at once!   The approach is strongly inspired by the book Sapiens and if you’re an investor that book is required reading.

Now I warmly welcome bear markets and corrections.  I don’t churn my fucking portfolio to bits chasing momentum or go to cash at the lows.  I just keep buying companies I think will win given the facts of life.

Listen, I know most of you want to go around flipping stocks for quick gains like some kind of nuance speculator, going back to cash as you wish.  I’ve found that behavior to decay both the body and mind. Why not just make highly concentrated bets on long-term winners, with a plan to dollar-cost-average for years-and-years, and patience? That’s the formula for wealth.

That’s all I have to say on this final Sunday in April.  Now I am off to chop some wood before attending an elaborate vegan dinner.

Exodus members, the 232nd edition of Strategy Session is live.  Check out the notes regarding the NASDAQ transportation index.

NASDAQ futures are coming into Friday gap up after an overnight session featuring elevated range on extreme volume.  Price worked lower overnight, briefly probing below Thursday’s low before forming an excess low and coming into balance.  Headed into the 8:30am GDP announcement price was hovering near unchanged.  The 8:30am GDP data was much stronger than expected and caused a quick spike higher.  As we approach cash open, price is hovering just below Thursday’s midpoint.

The only other economic event today is a final April reading of sentiment by the University of Michigan at 10am.

Yesterday we printed a normal day, which is anything but normal.  THe day began with a gap up that sellers quickly resolved.  The morning selling was quite dynamic and formed a wide range, ultimately probing below the Wednesday low and forming a sharp excess low before coming into balance above the daily midpoint.  Then we marked time into the close.  Amazon and Intel earnings came out and sellers made one more attempt lower but were unable to take out the IB low before the market closed.

Normal day.

Heading into today my primary expectation is for buyers to trade up to 7854.50 before two way trade ensues.

Hypo 2 sellers press into the GDP spike and close the gap down to 7798.50.  Look for buyers down at 7794.75 and two way trade to ensue.

Hypo 3 stronger sellers trade down to 7756.25 before two way trade ensues.

Levels:

Volume profiles, gaps, and measured moves:

NASDAQ futures are coming into Thursday gap up after an overnight session featuring elevated range on normal volume.  Price worked higher overnight, trading to new record highs.  The overnight move came after earnings from Microsoft and Facebook exceeded investor expectations.  At 8:30am durable goods orders came in better-than-expected and initial/continuing jobless claims data were mixed.  As we approach cash open, price is hovering a few points off of all-time highs and about 20 point above Wednesday’s range.

Also on the economic calendar today we have 4- and 8-week T-bill auctions at 11:30am followed by a 7-year note auction at 1pm.

Amazon and Intel are set to report earnings after the bell, and investors are likely to take a cue from these heavy big-tech leaders.

Yesterday we printed a neutral extreme up.  The day began with a slight gap down and open two-way auction.  Buyers managed to press price range extension up (and a few point above ATH) before lunch, then sellers stepped in and pressed the auction neutral.  We then chopped along the bottom-side of the daily midpoint before a sharp move lower into the cash close.  But before settlement, Microsoft earnings hit and we spiked back to ATH.

Neutral extreme up.

Heading into today my primary expectation is for buyers to gap-and-go higher. trading up to the 7900 century mark before two way trade ensues.

Hypo 2 sellers press into the overnight inventory and close the gap down to 7848.  From here they continue lower, down through overnight low 7834 before two way trade ensues.

Hypo 3 stronger buyers trade up through 7900 and sustain trade above it, leading to a continued exploration of higher prices.

Levels:

Volume profiles, gaps, and measured moves:

NASDAQ futures are coming into Wednesday flat after an overnight session featuring normal range on elevated volume.  Price worked to a new record high overnight before settling into balance along Tuesday’s high.  As we approach cash open, price is hovering at the Tuesday high.

On the economic calendar today we have crude oil inventories at 10:30am, a 2-year note auction at 11:30am, and a 5-year note auction at 1pm.

More importantly for auction behavior on the NASDAQ, we have Microsoft, Facebook, and Tesla reporting earnings after the bell.

Yesterday we printed a trend up.  The day began with a gap up and open-test-drive, with price opening just up beyond the Monday close.  A brief test lower discovered a strong responsive bid and price drove higher.  Up in open air, the auction continued exploring higher prices for the rest of the session.

Trend up.

Heading into today my primary expectation is for price to continue discovering higher prices.  Look for sellers to step in ahead of 7860 and two way balance to ensue.

Hypo 2 stronger buyers trade up the the 7900 century mark before two way trade ensues.

Hypo 3 sellers press down through overnight low 7816 setting up a move to target the 7800 century mark before two way trade ensues.

Levels:

Volume profiles, gaps, and measured moves:

NASDAQ futures are coming into Tuesday gap up after an overnight session featuring elevated volume on normal range.  Price worked higher overnight, climbing to a new record high before coming into balance.  As we approach cash open, price is hovering above Monday’s range.

On the economic calendar today we have house price index at 9am, new home sales at 10am, a 52-week T-bill auction at 11:30am followed by a 2-year note auction at 1pm.

Yesterday we printed a double distribution trend up.  The day began with a gap down to near the Friday low.  Sellers were unable to test below Friday low during a brief 2-way auction at the open.  Instead price began to campaign higher, ultimately closing the overnight gap and continuing on to make a new all-time high.  The VPOC migrated higher throughout the session.

Double D trend up.

Heading into today my primary expectation is for buyers to gap and go higher, trading up through overnight high 7769.50.  Look for sellers up at 7769.50 and two way trade to ensue.

Hypo 2 sellers work into the overnight inventory and close the gap down to 7734.75 then continue lower, down through overnight low 7724.50.  Look for buyers down at 7713 and two way trade to ensue.

Hypo 3 stronger sellers trade us down to 7682 before two way trade ensues.

Levels:

Volume profiles, gaps, and measured moves: