BLUF : 3-UP & 3-DN - Sideways - WhoFookinKnows? Depends on the Fed's Reduction template ... Let's Watch the ShitShow...Grab a Cold Beer! FED Balance Sheet (Total Assets) fred.stlouisfed.org FED Powell ...The central bank currently expects to conduct repo operations "at least through April," when the income tax return season is likely to drain some bank...
BLUF : 5G US Consolidation/FrontRunner/Infrastructure??? Let's Watch...
BLUF : Low Volume Day, Long 3-day weekend, SPX will close ivo 3370...GammaBro's are happy...Algo's Rule...Let's watch the ShitShow...turn the TV/SmartyPantsPhone OFF & enjoy your weekend. I am, Cheers.... Tick-Tock …you can only “ Transfer Risk ” for so long before payment is “Stamped-Due!” The FookinGammaBro’s obeying the long gamma rule for range-bound...
BLUF : Terminal Velocity??? Risk-Transfer...Payments/Pain are coming due. .. Find-Fix-Finish! MAGA: MSFT/APPL/GOOGL/AMZN...ATNH yesterday...did you notice the little to no movement in the 4 market movers? Market Breadth is signaling...TBD! 9 Laws of Cognition 1: There are no benefits without costs (creativity vs learning) 2: Action molds perception 3:...
BLUF : Covering and Rebalancing...Let's see if it stays in the stratosphere...thats a BIG Gap! “Don’t get hooked on hopium…Hope is not a plan. Hope is bullshit…" Get Comfortable being Uncomfortable…
HEAD SHOTs ONLY!!! ...I know my mind is quitting before my body needs to. I just have to chip away at my calloused mind and I will get there. “Out of every one hundred men , ten shouldn’t even be there, eighty are just targets, nine are the real fighters, and we are lucky to have them, for they make the battle. Ah, but the one, one is a warrior…” — Heraclitus
BLUF: This Train has left the station...Lets See What this Market wants to do? Have you ever been in an environment where nothing makes sense? Process...Manage your Trade(s)! "There’s a point, seven thousand RPM, where everything fades. The machine becomes weightless, just disappears. And all that’s left is a body moving through space and time. Seven...
BLUF : SPX still in an Overall-Down-Wave...Let's see what happens? NoBodyFookinKnowsAnything! Incompetence/FOMO/BullShit Rules ... Situational Awareness & SpideySense on HI Alert!!! Cheers ...Stay Alert Out there...see your at Happy Hour!
3-Wave Down, China One-Month Lag Downgrading 1st QTR Macro for FEB...Catch-Up from China at a minimum doesn't start until Mar19...TBD Note: If the Fed starts to decrease the Repo (Treasury TCB) this "Potentially" will "Exponentiate" the overall problem from a "Moderate-Pullback" to a "Major-Pullback/Correction"...TBD!
BLUF : Looks & Smells like 1-2-3, I don't trust it but this "Market" wants to go Higher...TBD! All the smartypants are "Perplexed" and ALL the investments banks are "Long" or at least that's what they say, how they place there actual trade...trust me it's NOT what they say... WhoFookinKnows ... BSFlagRaised, Spidey-Sence Heightened...Situational Awareness!!! ...
Let's See What Happens ... If China does Not open up for business on Sunday 09Feb...doesnt bode well for Higher Hi's and the American Media BS Narrative ...Cheers!
BLUF : Is this just a " HeadFake " or will the " DeadCatBounce " S ustain the momentum... NoFookinClue! This is the FookinTeslaShitShow environment we all partake in...pure comedy! Note : Huge volume today at 3300,3350, 3250 and 3200. One key signal that the rally was going to run out of steam was the fact that implied volatility ( VIX ) never really broke...
BLUF : Nothing is as it Seems ...currently it just might be easier to go Long vs Short...too much momentum, too much craziness (TSLA)...Who Fookin Knows! Go w/HI'r probabilities via longs...just my two cents! Note : My short is still on but I will unwind it NLT Monday of next week, I will break even vs some " Shitasterfy "...OIL/Energy/Commodities is a...
BLUF : The Machine … Algorithms are more prolific during low liquidity market regimes and with increasing practice since the Great Financial Crisis. It’s important to note that algorithms are coded for logic that is level seeking and keyword oriented… and they love to fill gaps and seek out and find moving averages. “Overbought”, still Hi, even with a 3%...
BLUF : HEAD SHOTs ONLY...Now that the US is taking the CoronoaVirus seriously Who Fookin Knows...Rule of 72...Let the Dumbassery begin...my shorts are still on...The Machines are in Control...What could go wrong? Situational Awareness & BS Detection!!! Cheers...Happy Hour Time!!! Note : Everyone is cutting off China...What do you think is coming next? ...
BLUF : Short either today or next week. VIX is already decreasing..increasing the odds for a continued bounce today...TBD on today's outcome! It's not a matter of if but when. .. Of Note : Macro is slowing and the environment is transitioning to Defensives ...Gold/Bonds/UTs/Reits, China is going to slow the global economy down eventually effecting US who is ...
SPX ...If that is not a StraightUpFookinCrazyDay then I do not know what is...do not be surprised if it reverses in tomorrows session... Who Fookin Knows ... HEAD SHOTs ONLY! The Machine is in Control...Bigger Vibrations coming...TBD!