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- 13 February 2006
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Mr fff:
Let’s review.
The entire SAAS sector has been upended and destroyed. It no longer exists. Shares of $CRM, a Dow 30 component, is down 20% for the ******* session. TWNETY ******* PERCENT. Following her down the sewer pipe are $NOW, $BRZE, $CFLT, $OKTA, $CRWD, $NET, $MNDY and many many others. Total ******* bloodbath.
The semis are weak too, with weakness in $NVDA, $TSM, $QCOM, $AMAT, $MU.
And everything else is up.
Any ******* questions?
Breadth is at an annoying 63% and all areas of the market are strong, because why not? Sure, the growth names and the BIG CAPPED tech are lower; you know, all the stuff people own. But all of the other ****, the stuff no one owns, like $WHR, that **** is up. But it’s not all soured grapes. Shares of $HOOD are flying and $BTC is doing ok. If you really look at the tape you will see that it’s laughing at you. We keep flip flopping out from one stock to the next and the random number generator (algos) keeps us dancing and working real hard for those dollars.
DANCE YOU SON OF A BITCH, DANCE!
At any rate, I think I cracked the matrix and figured it out, and have positioned as such. I will not tell you what I am doing, not out of greed or because I want you to join my service, but out of fear you will ******* jinx me. Don’t even think about it.
I opened the session down 50bps, sunk fast to down 100bps, recovered to down 35bps, and now I am right back to where I ******* started down 58bps. If I have to endure any more of this ****, I am going to lose my mind.
126% leveraged long, no hedges at the moment.
Software lagging. Another (unusual) divergence.
This is a dangerous one. Also this used to be a really reliable indicator of major market turns. No longer.
I guess his pump & dump made him enough money to go back into hibernation.
Closing with Mr fff:
Today I have been a (small) buyer. I nibbled at: UNP, MRK and XLE. UNP in particular is a member of the DOW Transports and has been selling off for a while.
So MRK is hedged with XLV. I just like energy, so outright bullish. Energy is contra stocks anyway.
I like oil. It's very choppy.
So CRM and software are early victims of AI?
So I just see this picking up momentum into June.
There are loads of bulls out there. All ready to BTD. I'm far from convinced. There is no signal from $MOVE yet. But one could be imminent. On the other thread $SKEW is up. Usually not a great sign. Certainly many of my Options positions have had really bizarre marks, a hallmark of SKEW.
jog on
duc
Both Trickery and Chicanery are at Play
Dr. Fly Thu May 30, 2024 11:16am EST Leave a commentLet’s review.
The entire SAAS sector has been upended and destroyed. It no longer exists. Shares of $CRM, a Dow 30 component, is down 20% for the ******* session. TWNETY ******* PERCENT. Following her down the sewer pipe are $NOW, $BRZE, $CFLT, $OKTA, $CRWD, $NET, $MNDY and many many others. Total ******* bloodbath.
The semis are weak too, with weakness in $NVDA, $TSM, $QCOM, $AMAT, $MU.
And everything else is up.
Any ******* questions?
Breadth is at an annoying 63% and all areas of the market are strong, because why not? Sure, the growth names and the BIG CAPPED tech are lower; you know, all the stuff people own. But all of the other ****, the stuff no one owns, like $WHR, that **** is up. But it’s not all soured grapes. Shares of $HOOD are flying and $BTC is doing ok. If you really look at the tape you will see that it’s laughing at you. We keep flip flopping out from one stock to the next and the random number generator (algos) keeps us dancing and working real hard for those dollars.
DANCE YOU SON OF A BITCH, DANCE!
At any rate, I think I cracked the matrix and figured it out, and have positioned as such. I will not tell you what I am doing, not out of greed or because I want you to join my service, but out of fear you will ******* jinx me. Don’t even think about it.
I opened the session down 50bps, sunk fast to down 100bps, recovered to down 35bps, and now I am right back to where I ******* started down 58bps. If I have to endure any more of this ****, I am going to lose my mind.
126% leveraged long, no hedges at the moment.
Software lagging. Another (unusual) divergence.
This is a dangerous one. Also this used to be a really reliable indicator of major market turns. No longer.
I guess his pump & dump made him enough money to go back into hibernation.
Closing with Mr fff:
Today I have been a (small) buyer. I nibbled at: UNP, MRK and XLE. UNP in particular is a member of the DOW Transports and has been selling off for a while.
So MRK is hedged with XLV. I just like energy, so outright bullish. Energy is contra stocks anyway.
I like oil. It's very choppy.
So CRM and software are early victims of AI?
So I just see this picking up momentum into June.
There are loads of bulls out there. All ready to BTD. I'm far from convinced. There is no signal from $MOVE yet. But one could be imminent. On the other thread $SKEW is up. Usually not a great sign. Certainly many of my Options positions have had really bizarre marks, a hallmark of SKEW.
jog on
duc