Please Like Me On Facebook?

by HedgeFundSkippy | May 30, 2018 | Today's Nonsense

This is really quite disturbing…I spent all day at the office (work) editing eBay listings for WORK on their computers (work) on THEIR network (work). Three hours later at home, on my OWN computer (personal) and a completely different ISP (home) – my Facebook wall is feeding me ads for the same products I was editing on eBay at WORK. Hello Zuckerberg! …????WTF???

Seriously! What the hell is going on with this CRAP? And, NO… I was not using Facebook at WORK! WTF??????

God damn scary bro!

KingCAMBO

Would You Like Some More McChips With That Order?

by HedgeFundSkippy | May 25, 2018 | Today's Nonsense

1. If INTC closes ABOVE 55.75 in the coming few days – this is an 18 year high. September 2000 – heights of the dot com fiasco. 18 year highs… WHY?  Back in the fall of 2000 INTC peaked @ 75.26 and change – has been below 55 (split adjusted) ever since.
2. Note the angle of attack on each important SMA – onward and upward
3. Money Stream – we are a go at throttle up
4. WTF??? – The bull market is not quite dead yet Sir?
5. Damn Bullwinkle. Stupid Moose…

KingCAMBO-

“You cannot recover three things in this life: the word after it is said, the moment after it’s missed and the time after it’s gone…”

Hey Bob Pisani! WTF Are We Doing With This SPY?

by HedgeFundSkippy | May 23, 2018 | Today's Nonsense

This is the way this is going to play out:

1. The final line in the sand at present is 274.39 – has held for all of April and May. SPY keeps banging its head on it.
2. If we get a close above that – clear sailing to 280.61 – the March 13^th highs
3. If that levy breaks – absolutely no resistance until we test the all time historical highs @ 286.90 -AND- if this level gives way? The S&P will never go down again. And we will get free money forever and ever and ever again. Buy and hold and sleep tight
4. 270.62 is the 100 SMA current support which has held for pretty much all of May. Below there is a nest of support @ the 268’s levels
5. Balance of Power (BOP) has been all white – therefore “retail”. This is showing us the entire rally in May is HFT bots and day traders. There is no institutional money flow coming IN to this move.
6. Money Stream is horizontal and this confirms what I just pointed out about BOP. There is no “BIG” money behind this. Only scalpers and pikers.
7. TSV is flaccid and in all matters is now a non signal
8. Real volume is down to 62 M +/- on a 10 day average.  In February 10 day was @ 195+ M – What does this tell you?

The most expensive prices you will ever pay on SPY is the first 8^th and the last 8^th. But wait, we don’t trade in 8^th s anymore. So then the  0.125. I will leave you all to ponder that point.

KingCAMBO-

“You cannot recover three things in this life: the word after it is said, the moment after it’s missed and the time after it’s gone…”

—

Bullwinkle Is Dead…Stupid Moose!

by HedgeFundSkippy | Feb 22, 2018 | Today's Nonsense

For those of you BTFD’ers who came rushing in sans February 9th…I think you will learn soon that yesterdays pigs are about to become tomorrows bacon. To add a little color and context here – consider the following:

• January 26th 2018 All Time Highs (yet again) – SPOOS: 2872.87
• February 9th 2018 VIX Volcano Panic Lows – SPOOS: 2532.69
• The leg of this viscous and short lived panic was 340.18 SPOOS points – the most dramatic leg since February 2016. Nearly an 11% +/- haircut.
• The fact of the matter is we only recovered 221.83 of those points or roughly < 66% of the range. Only to hit checkmate.
  

Now then, Lets Go To The Video Tape!

1. Four consecutive trading sessions – every time the S&P has crossed the 50 MA – it has been sold down. This is somewhat remarkable when you consider the high to low ranges have exceeded 30 to 35 SPOOS points in each session. And it has been the same pass the peanut shuffle daily – highs made shortly after the cash open – lows made at or very near the cash close. This is textbook bear market behavior.
2. Note Money Stream – It did a complete U-Turn back on February 26th – even though prices looked to be moving higher. Luring the unsuspecting in to the illusion that we could get back to January 26th highs. Good luck wit dat! Money Stream is further confirmation that The Five White Guys Who Run Wall Street are selling that 50 MA every time we even kiss it.
3. For now it is the 100 MA that has caught support – emphasis on “for now”. Should this level fail, and it shall – we would not see meaningful diatonic support until the 2597 levels, and the 200 MA near February 9th lows.
4. Short term VIX which is a 9 day forward gauge as opposed to notional VIX – is well off the vix-plosion highs and now back in the mid 19’s. That may feel low but it is 90% higher than where it spent the better part of 2017.

Long story SHORT traders? The Fed is dead, and they have taken the Plunge Protection Team with them. No more free money, no more NIRP. Trump nailed this coffin shut when he fired Yellen. Expect a retest of the February lows sooner rather than later. And you can forget about the January 26th highs for at least the next 2 1/2 years. Shiver me timbers!

I am KingCAMBO…smoke em if ya got em…and that’s how I roll!

Who Let The Dawgs Out!

by HedgeFundSkippy | Feb 10, 2018 | Today's Nonsense

Thinking you might want to try a little day trading on your own, eh? After what has been the most “pass the puke bucket” week in nearly 9 years, I came across a really interesting article today. It says in a nut – that historically the market on a monthly basis likes to hug a 21 period moving average. And that when it gets too far away from it – either above or below it – it will always do a mean reversion to it. This is a chart I just built going back the past 15 years or so. The arrows from left to right are marking:

1. The October 2007 final top a year or more before the Lehman disaster
2. The March 2009 Great Financial Crisis lows
3. The February 2016 panic low and “Shanghai Accord” central banks agreement – to engage in direct market rigging
4. The extreme highs above the mean for the past two years. It is quite the distance above mean, no?
5. And remember this is a MONTHLY chart. Notice often the candles always seem to gravitate back to the mean like a magnet

Bottom line being – if the hypothesis is correct – SPOOS must come down to roughly the 2369.58 area just to be where they “belong”. And NO…it is NOT different this time. Imagine how many weak hands will be flushed out if this were to occur? We have had a 352 point range highs to lows since January 26^th  alone. Another -300 down will bankrupt a lot of pikers. Ponderous man…Ponderous

KingCAMBO