Everyone’s getting their panties in a bind over tomorrow morning’s premarket jobs data, thus I thought it my public service to broadcast my book into the bell.
Enjoy,
Raul
Here’s my book, by size, biggest listed first and cascading in size smaller and smaller as the list goes on:
AIXG, FXY, F, CREE, FB, I, END, IMMR, YGE, GTAT, OCZ, BPZ, and O
Cashish, it’s high, about 50%
TOP PICK: I WISH I HAD ZILLOW DAMN!
I like END the best baby
Comments »The old me would be stalking EXK today like I did Miley Cyrus last time she was in town, but I’m comporting myself with a bit more grace and self-respect today…like Pepe Le Pew. I learned not to chase miners, EXK in particular, through a long history of daggered hairpin reversals. The name is volatile, I felt early on that I missed the action, therefore I did. I’ll have to tickle my fancies with something else today.
I’ve quite enjoyed being kicked in the scrotum this morning by my newly minted long OCZ. They came out with some preliminary earnings data rather out of the blue, and lo and behold they’re still combating supply issues. “SUPPLIES!” …no surprise. There are worse problems for a company to have, like no sales. Anyway, the stock market is the final arbiter. If the name doesn’t shape up into the bell I may axe it (no piker body spray puke).
I sold a bit more O which is fantastic, this trade played out LOCKSTEP, and now I have my final 1/3 which the market must work very hard to take from my person, as my cost basis (net of booked profits) is now $38.50 aka well below swing lows. I hope we take out the recent swing low, run some stops, and then I’ll add some back on. This is going to be my new AWK, collecting me a coupon while I skip to my lou though the market minefield.
My solar trifecta has me more pleasured than Lil Wayne ‘turked up’ on opiates at a stripper convention. Take your pick: YGE, FSLR, and ENPH the sector is leading higher just as prophesied by the immortal Le Fly and other iBC cast members. Use the green juice to power some CREE bulbs and you’re on the right track, guy.
DDD and PRLB did this morning what I like to call the bear pinch: drive lower, pullback for shorts to enter, make a new low, barely, than quickly rip higher, leaving asshole bears stuck in their underwater positions. Have a great afternoon you harry bastards, it’s hot out there.
RVLT finally lifted off and it has done so without me. I’m instead nearly balls deep in German LED play AIXG, down 1 percent. All dogs have their day, RVLT is a decent company, but they’re no CREE or AIXG fundamentally. RVLT is an instrument for degenerates to trade.
I’m happy to have paired my IMMR with some INVN because to me, they’re the same thing: new tech, chips. INVN appears to be more en vogue.
F won’t let good Americans in unless their 401-k is set to ‘auto-allocate’.
FB still wants to win, while you’re looking elsewhere.
I’ll never own enough Z, but I own it nonetheless.
TPX is still my largest. You will all feel its gentle wrath.
Who thinks BPZ has another squeeze in it? (Raises hand)
That’s my book in a nutshell. I’m considering an FXY long as protection. Call it Kong hedging. iBC is becoming a formidable beast.
Comments »My office was rife with distractions today as the typically quiet folks of finance dipped into a barrel of beer and invaded my workspace all-too-frequently for its VIP view of the streets below. Damn these fools, seriously, they’re demented humans who don’t get out nearly enough.
Pair that with Multicharts having an impromptu mandatory software update, and I was rendered useless in the futures market after the clock struck ten.
I’m brooding so hard right now. But what the hell, everyone’s having fun, yes yes yes!? Ben told the bulls, “we ridin’ round we gettin’ it. It’s mine, I spend it.”
Ben put his flex on like an old tiger in his last fight—he’s not losing.
The S&P pit session was quiet today, but really fluid and without nasty trap action. It went directional downward early on, and anyone with a brain would be trigger happy on their shorts, taking profits given the context. So when a new low was never set, the market never even enticed chasing the shorts. Then it marked time all session, then put in two nice little rotations higher to close out the day.
I missed the afternoon rotations, hence the brooding.
Perhaps that is why I bought BPZ at HOD today but let me explain a bit more. They say if you feel like you’re missing out on the action, it’s already too late. When I pulled up BPZ this afternoon, I didn’t feel a sense that I had missed anything. I see this type of setup all the time, yet I never take it. A stock launches over 10 percent higher in a single session on strong volume and closes near the HOD. The next day it makes an even BIGGER move. Pair that with the following bullet points:
1.) http://ibankcoin.com/flyblog/2013/07/10/a-titanic-shift-in-the-oil-markets-are-underway/
“On the other hand, surging oil prices is good for a number of sectors, such as solar, alternative energy and good old fashioned exploration plays who bank coin off the price of oil going higher.”
2.) It showed up on three of my favorite PPT screens too, including receiving an upgrade to BUY.
I’ll quickly run through today’s portfolio adjustments:
I took my first scale in O. You have to get paid when the market pays you. Now the move can either continue progressing or digest for a bit and I’m chill.
I took my first scale on TPX. It’s still my largest position and top pick. Next target is $50.
I bought PRLB, INVN, and BPZ like a cheetah chasing a gazelle.
I took cash down to 12 percent, and my positions, listed largest to smallest are as follows (top picks bolded):
TPX, FB, AIXG, INVN, DDD, F, Z, IMMR, CREE, PRLB, SD, BPZ, O, ENPH, YGE
I want some EXK too, call it position overload. I did this last time we peaked out…FYI but I won’t be fooled twice.
EARNING’S SEASON STARTS TOMMOROW MORNING-PREPARE FOR WAR
Comments »We thoroughly auctioned 1624 during the Employment Data drop, with algos tearing a rift in the market one nanosecond at a time. One day watch these announcements through the filter of a 2500 contract or 3 tick range bar and get a feel for HFT. It’s like a ballet.
Anyhow, the level was “auctioned” and we had the classic first move fake out, followed by the takeout, followed by the real move, which was decidedly lower…20 handles off the high. Now the ES_F is more or less churning and the afternoon may offer some directional moves, but you’re of better service to your clients or your own money laying off this tape.
I don’t know, eat a hot dog or two.
The only moves I’m considering are selling O, which would need to weaken further, or selling YGE, which would need to strengthen, further.
Otherwise I’m enjoying the view, talking a bit of smack on the twitter hater network, and consuming baked beans straight from the crock pot. Like a good god damn.
I suggest you stow your space helmet, but keep it nearby in case of an impromptu launch, pinning us north of 1624 on the close.
Comments »You’ll hear reports this afternoon about how the market gave up its “POMO Pump” and how we’re going to hell in an Egyptian hand basket. You’ll also read two or three articles speculating about Friday morning’s Employment Report. Bears want a good number, odd no? Did we close off the high of the day? We did. Did Fords!? No.
On the surface, today did nothing. If you sleep at night, and couldn’t care less about the picture our overnight markets paint, you awoke to a modest gap lower, you bought it, you ate a hoagie, and then you enjoyed capital appreciation, like a good American.
Completely aside, did you see the abortion protestors and their haters getting “Hail Satan” trending on twitter? For a moment I thought UNXL reversed. Protestors continually blow my mind…where does one find the time? Then again I care about nothing.
AIXG started working today, finally. I want to have a nice, stable, long term relationship with AIXG, none of this run and gun business.
O has several traders on the edge of their seats. On one hand the stock is way oversold. On the other hand, the momentum is yet to truly shift. We’re in the courting stage where everyone’s nice but not being completely real, you know what I mean? I’m yet to reach my initial profit target at 44.44.
ANGI looks so ready and I look forward to dropping bombs on the paraquat who called me a bag holder citing the .com bubble. LOL
Z however, continues to be a bumpy ride. I still like the look.
That’s all my thoughts. Have a safe holiday everyone. I love me some fireworks, but I never “hold the mortar tube.” You shouldn’t either.
U-S-A! U-S-A! U-S-A!
Comments »Because when three months go by and every stock feels like a chase, you’ll pull out your weekly charts and be like, “Well when was that perfect setup and why did I miss it? Oh, I see, it was the sketchy week leading into the 4th of July, when I tread lightly.” And you’ll be like, “Damn, of course that’s when the opportunistic bulls went all capre diem, bastards!” This scenario will resonate even louder for the cash-heavy vacationers…
…Raul is never on vacation, even when on vacation.
I’ve accepted that travel for the next 3-9 years must be within the confines of an acceptable internet connection. Perhaps you’re like, “that’s sad, really.” You shouldn’t. I’m hungry, and we “all gone eat honey.” Mine is simply being deferred into my early 30’s.
We’re all staring at the same charts, and it’s hard to look away. SPY is like your favorite train-wrecked celebrity, blowing cocaine and walking through Hollywood naked. We’re disgusted, but a part of us wonders if we’ll ever experience such luxuriously-destitute conditions. You’re sure they’ll die or be arrested, but just then Richard Branson comes to their rescue, flying them off the streets in his spaceship. That’s the ETF SPY summed up in one paragraph.
It’s a totally new world we live in. Get out your space helmets friends!
So I’m Don Johnson long into tomorrow’s shortened trading session, fully prepared to hammock myself and drink cucumber water once the market closes. Then blow shit up, and then have a remote presence Friday, like an alien.
I’m over MAX HOLDING COUNT, currently holding 14 longs, like a box of dynamite.
Cash is only 10 percent and here are my longs, listed by size, largest-to-smallest:
TPX, F, Z, GS, FB, ANGI, SHLD, AAPL, IMMR, O, CREE, AIXG, ENPH, and YGE
I’m certain this list has little value to you because, well, it’s too many names. I’ll cut the solars on any additional weakness, but I couldn’t stand the thought of cutting them before they actually become fireworks…they’ve done nothing wrong.
O shot out of a clown cannon into the bell. The move lower looks way overdone, and inside 12631 we talked about how this is one of my favorite setups.
AAPL made it back to my basis, so I cut it in half. Sitting through that drawdown full sized was muy shitty.
F closed out at 52 week highs, fantastic looking chart.
ANGI is still “meh”
CREE: all year I’ve wished I had more, but all year I’ve been long so….I can’t beat myself up too bad.
GS needs to do some fancy bear-trapping, because right now, they’re asserting themselves rather well.
Enough, I grow tired. See you homos later.
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