American capitalism gone with a whimper

A MUST READ ARTICLE: It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people. True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was. But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists. Those lessons were taken and used to properly prepare the American populace for the surrender of their freedoms and souls, to the whims of their elites and betters. First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather then the classics. Americans know more about their favorite TV dramas then the drama in DC that directly affects their lives. They care more for their "right" to choke down a McDonalds burger or a BurgerKing burger than for their constitutional rights. Then they turn around and lecture us about our rights and about our "democracy". Pride blind the foolish. Then their faith in God was destroyed, until their churches, all tens of thousands of different "branches and denominations" were for the most part little more then Sunday circuses and their televangelists and top protestant mega preachers were more then happy to sell out their souls and flocks to be on the "winning" side of one pseudo Marxist politician or another. Their flocks may complain, but when explained that they would be on the "winning" side, their flocks were ever so quick to reject Christ in hopes for earthly power. Even our Holy Orthodox churches are scandalously liberalized in America. The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America's short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Wiemar Republic and at worst Zimbabwe. These past two weeks have been the most breath taking of all. First came the announcement of a planned redesign of the American Byzantine tax system, by the very thieves who used it to bankroll their thefts, loses and swindles of hundreds of billions of dollars. These make our Russian oligarchs look little more then ordinary street thugs, in comparison. Yes, the Americans have beat our own thieves in the shear volumes. Should we congratulate them? These men, of course, are not an elected panel but made up of appointees picked from the very financial oligarchs and their henchmen who are now gorging themselves on trillions of American dollars, in one bailout after another. They are also usurping the rights, duties and powers of the American congress (parliament). Again, congress has put up little more then a whimper to their masters. Then came Barack Obama's command that GM's (General Motor) president step down from leadership of his company. That is correct, dear reader, in the land of "pure" free markets, the American president now has the power, the self given power, to fire CEOs and we can assume other employees of private companies, at will. Come hither, go dither, the centurion commands his minions. So it should be no surprise, that the American president has followed this up with a "bold" move of declaring that he and another group of unelected, chosen stooges will now redesign the entire automotive industry and will even be the guarantee of automobile policies. I am sure that if given the chance, they would happily try and redesign it for the whole of the world, too. Prime Minister Putin, less then two months ago, warned Obama and UK's Blair, not to follow the path to Marxism, it only leads to disaster. Apparently, even though we suffered 70 years of this Western sponsored horror show, we know nothing, as foolish, drunken Russians, so let our "wise" Anglo-Saxon fools find out the folly of their own pride. Again, the American public has taken this with barely a whimper...but a "freeman" whimper. So, should it be any surprise to discover that the Democratically controlled Congress of America is working on passing a new regulation that would give the American Treasury department the power to set "fair" maximum salaries, evaluate performance and control how private companies give out pay raises and bonuses? Senator Barney Franks, a social pervert basking in his homosexuality (of course, amongst the modern, enlightened American societal norm, as well as that of the general West, homosexuality is not only not a looked down upon life choice, but is often praised as a virtue) and his Marxist enlightenment, has led this effort. He stresses that this only affects companies that receive government monies, but it is retroactive and taken to a logical extreme, this would include any company or industry that has ever received a tax break or incentive. The Russian owners of American companies and industries should look thoughtfully at this and the option of closing their facilities down and fleeing the land of the Red as fast as possible. In other words, divest while there is still value left. The proud American will go down into his slavery with out a fight, beating his chest and proclaiming to the world, how free he really is. The world will only snicker. Stanislav Mishin The article has been reprinted with the kind permission from the author and originally appears on his blog, Mat Rodina Link

The National Debt Road Trip

Bought TDC yesterday

I bought TDC yesterday, my equity trades can be easily followed on Covestor. I made this trade based on the bull flag, it is the nicest one I have seen in a long time.


There is still plenty of time to get in the trade IMO, as I expect this thing to get to 24-26 level.

Another generated trade from the system!

The system that lost me money yesterday made it all back and then some, the difference between yesterday and today was that the trade was NEVER IN RED. I posted this trade on Twitter as I didn't have time to make a post.

As always the trade was worth 10 points but scaled out of it slowly.

Song of the day

Flo Rida - Sugar

Right but wrong!

I posted yesterday a short sale on ES @ 902, unfortunately for me I closed this position at a loss even though the strategies that generated this sale has a 95% win ratio. My entry on this short sale was a little off as it should have been after the close of that 60 min candle meaning 904.25 or better. The system has no stop losses due to the high win ratio, and I have been able to define around how many point to collect before the trade goes against you and is 10 points. If I would have followed this system I would have been able to book 10 points today, but emotion got in the way and made me close the position at a loss. Unfortunately for me this system only generates about 6 trades in 20 days on average. Next time I will make sure to follow the strict guide lines before entering a trade with this strategy.


Update: If I really wanted to have a stoploss on the system it would be 1:1 meaning you risk 10 to make 10. If I would have took this trade at 904.25 the stoploss would have been missed by .25.

Covered ES @ 907

Covered ES for a 5 point loss.

The Volvo Ocean Race

http://www.boston.com/bigpicture/2009/05/the_volvo_ocean_race.html

Short ES @ 902

Looking for at least 10 handles on this one.

Song of the day

The Lonely Island - I'm On A Boat (ft. T-Pain)

What do I want to buy????

I want to buy DBA @ $27 and have limit orders set for that:

And I like UNG also now that is pulling back around $13:

Both of this stocks have very good fundametal and technical reasons behind them, decline in dollar, inflation, and demand.

Song of the day

Maino Ft. T-Pain - All The Above

Start paying attention

As I stated on my previous call that fucking 20DMA is Fucking Important, for the bulls to give up this thing has to be broken in force. I don't know if it's the prop desk at GS or The PPT that's doing this shit, but you have to give it up for the bulls. Today almost looked like a horror fest until large pockets came in last hour and bought this shit up I mean I was seeing 1000 contracts flying of my times and sales screen. As I stated on my previous post I am staying bearish as we have made not made new high for a while now and the overbought conditions make me jittery. If you didn't read my previous post well you're an idiot, as you would have banked major coin, via LONG TBT, CTR, UCO, SDS, EEV, SRS all this stocks are, well how can I say this breaking the FUCK OUT. I am cautions the next few days, tomorrow will probably be a low volume day so I won't be paying much attention but the sentence should come early next week.

My play on CTR:

Another day in the office…

Song of the day

Akcent - Stay With Me

Lots of noise but nothing accomplished

Yesterday on my post I talked about how important that 910-915 level is on the S&P well the high of the day today 915.75. The bulls were not strong enough to push past this resistance level, after bumping against it several time the market gave up and had a strong sell-off the last 15 min. The sell-off was strong and did some technical damage to major sectors as most of them broke support and trend line patterns. I believe there will be continued selling pressure tomorrow, and more profit taking ahead of the holiday weekend.

Watch the Milky Way rise

Galactic Center of Milky Way Rises over Texas Star Party from William Castleman on Vimeo.

Nice article by zero hedge about propping this market the "invisible hand" fast forward to about 2:30 on the video

Suggesting that the government is tampering with the market.
http://zerohedge.blogspot.com/2009/05/flagrantly-visible-hand.html

Bulls seem to be in control

Once again we bounced nicely of the 20DMA for the bear to have some sort of control over this market the ES has to stay below 910-915 level if we get above that level the bulls will get encouraged and buy up that will take us to new highs IMO. Today rally even though in low volume was very clear up day with most of the volume coming to the upside. People want to buy stocks and get into riskier assets, the ones that missed this rally want to put money to work and will buy dips until they don't. Top are a process in the making which strong hands leave the table and hand it over to weak hands which usually get stuck holding the bag (retail). If the strong hands don't leave then this rally will continue and more money is going to come in to chase performance. Unfortunately for me even though I did well in my trading account my long term took a tiny hit as I have a short biased with weapons of mass destructions in it, like SRS, SDS, EEV, but are compensated by stock like CTR, and TBT. I think will get a clear indication of where this market is headed in the next 2 days, tomorrow being a critical one.

My play of oil $UCO poised to breakout, if not I will bail.

E-Mini S&P Futures Analysis

Right now, the e-minis are on sell signal the IT top was put in at 928. There is strong support on the 878 level on the 20DMA, this moving averages have been acting as support since the rally started we tested this MA twice this week and bounced. When this MA support break it should bring more selling pressure and push the S&P around 867 level. Which is also the bottom trend line of this channel.

Hello!

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