Stock Market Carnage – Wall St. Algo Switched

OK so………

Let this simply be a lesson to you. You are NOT PREPARED for a market melt down. You are not protecting your gains……you are NOT PREPARED for “this” in any possible sense, as you’ve just seen the entire year of 2018 ERASED in a matter of days.

No judgement here. We are all learning. We are all doing the best we possibly can.

Or are we?

History repeats itself ( or so you’re told ) so Ok….let’s take a quick look at that.

This is the longest BULL RUN ( now going on 10 years ) in THE ENTIRE HISTORY of the stock market. Stop for a second and ponder….the longest bull run EVER, on the heels of the largest money printing experiment in the history of mankind…now 10 years out! This has NEVER HAPPENED before. EVER!

The brainwashing at a maximum as…….when you look in the mirror tonight before bed and you actually consider things are just going to “keep moving higher”?? Madness. This is pure madness, and in my eyes….completely irresponsible.

Impossible.

Did you learn anything the last time around?

If this “shot across the bow” hasn’t been enough to shake you out of your complacent / oxy driven sleep well…….I have little sympathy. This is a blessing for those who care to open their eyes.

THE ALGO’S HAVE SWITCHED FROM BUY TO SELL.

The big boys are essentially already out!!! Bam! Just like that….one years worth of CNBC hype –  your cash now transferred to your broker / bank as you capitulate / sell at the bottom. Indeed…..history repeating itself. THE BIG BOYS ARE ALREADY OUT!

So….what happens next?

Retail buys the dip.

The media swings back into full-blown promo, the numbers keep coming in / data not “too terrible” ( fok…….are you nuts?? Housing will never recover the previous highs, tech “might” push on, transports not going to recover the previous highs etc…..) – The list goes on.

Housing Off A Cliff

Housing Off A Cliff

While you where off golfing in Phoenix. The algo changed. This will NEVER recover as indication quite similar to the fall of 2007-8. Housing hooped and interest rates GOING UP!

So what do I do?

If you have anything left at all ( which for most is likely a big fat “0” ) you do indeed buy this dip……as one of the last runs towards the highs. IF! – The highs are reached again.

Throw greed out the window = you lost. You are now a bag holder. Period.

If lucky…..my suggestion is simply to sell every fokin thing you own prior to May 2019 – IF NOT SOONER as……the profits you saw on paper a month ago are very unlikely to return. THEY WILL NOT RETURN!

So this is not a time of greed……this is not a time for complacency..this is a time for protection / caution / plan for the fall out.

2008 gonna look like a total picnic. Stocks to shed some 50-60% value / market cut in half. Total economic destruction. Why on earth would you hold thru 4 years of that? ONly to find yourself below break even?

I won’t allow it.

Prepare now.

Selling is your goal. Not buying.

 

Pots Stocks and Watches – Only The Best

Pots. Stocks. Watches……..

Nothing really new here, short of a quick breakdown of my “preferred” in all categories, so….ya that’s right. Pots, stocks and watches. You got a problem with that? Now now…..

It all comes together if / when you recognize the corelations.

Let’s start with pots.

For me its very simple. You buy the absolute best pots you can afford, and take care of them. They can last you a lifetime.

My personal favourites are “Le Creuset”.

Founded in 1925, Le Creuset Cookware Company has come to be known for its production of high quality and individual enameled pots and pans. The first of their products was a covered casserole (called a cocotte).

As the company grew, it became increasingly popular. As such, Le Creuset started adding to its line. After World War II, the company continued making cookware – even proceeding to export all over Europe and to the United States.

Le Crueset Pots

Le Crueset Pots

Here are a couple of reasons why I love the cookware they sell:

– It is durable

– It heats food evenly and perfectly

– You’ll have an easy time with the cleanups due to the enameled coating

– It looks amazing

– It is of a high quality

– It can be used with ceramic, induction, electric, and gas ranges

– The flat bottom will sit well on your cook top/stove

– It comes with porcelain enamel coating that won’t absorb flavors or odors

– The lids are designed to seal in flavor and moisture

– The knobs are heatproof (up to 450 degrees Fahrenheit)

– It’s heavy, meaning you should be able to turn off a casserole or soup 30 minutes before it’s due and the food will continue cooking within the retained heat of your pot.

These pots are absolutely amazing. I highly recommend them.

Now Stocks…..

These days markets are on fire with just about everything under the sun going up. Tech stocks have taken a reasonable pullback and its fine time to just get back into the market and start buying.

These days I’ve been buying several low share price Canadian stocks, as well as keeping an eye on oil as well the usual high flyers such as Tesla and Apple.

Watches

No brainer here. I am the proud owner of a Breitling Super Avenger II.

Avenger and Super Avenger timepieces from Breitling are two great self-winding mechanical chronographs that have the capability to withstand substantial water pressures, up to 300 meters. These diving timepieces come from the series that includes exceptional products for divers, both mechanical and with Superquartz movements.

Unsurprisingly, since it is the case for the entire palette of Breitling’s products, the faces of Avenger and Super Avenger are guarded with cambered sapphirecrystals that were treated to be anti-reflective on both sides.

Here’s a quick look at mine:

breitling-super-avenger-ii-watch

breitling-super-avenger-ii-watch

So there is it….in a nutshell if you do all right picking decent stocks well………you just might be able to afford the pots and watches.

 

Buy The Dip – Next Week Rips Higher

It’s been a real tricky one here folks. The pullback…..the volatility in general but….

For those of you with dry powder, the daily cycle has now most certainly confirmed a “new daily cycle” ( as of Wednesday ) so…..I’d be a buyer here this morning – seeing markets down pre-market could be a nice little opportunity.

Don’t let the jobs data phase you. It’s the same bullshit / phoney baloney U.S economic recovery we’ve been hearing about for what – years now? Don’t let the data get in your way – just buy stocks here “again” and keep a watchful eye on the highs.

american gorilla

                                                          american gorilla buys the dip

Stock Market Bottom – Extended Crypto Cycles

Ok ok…don’t get too excited all right? Please….

You as a stock trader / investor obviously………looking for some kind of direction / light at the end of the tunnel / idea of the future / means to make a decision. Fair enough.

As suggested earlier –  the volatility ( in my view ) certainly indication of something larger…..something looming…something ominous.. something – unknown.

Something you just can’t put your finger on  ( or more likely – “are unwilling to do so” ) as “you” as well  – see it so clearly.

Something’s not right. You know it. Your gut knows it. I know you know it. You know that I know – you know it. Son of a bitch ‘eh?

cryptos ready to go

            cryptos ready to go

Simply put. I see the daily cycle in both stocks as well cryptos as being “extremely stretched” ( some 50 days now ) with thought in mind that……as the algo’s change ( from buy to sell ) the bumps in the road get larger….the time between cycles get wider….”everything” starts pushing you to the limits of your psychological ability to “hang in there” and keep trading / soldiering on.

We will now push to new highs ( or very, very close ) in equities……and cryptos will rebound.

It will be at this point ( near the all time highs in equities ) that I challenge your psychological being once again……

Consider equities topping out at this point ( near new highs / possibly a notch higher ) then some incredible instance where billions fall out of equities markets, only to land on every coin / crypto they possibly can at rock bottom prices.

Sector rotation? Can you consider cryptocurrencies a sector yet? ( 300 billion dollar market cap at present..hmmmm….) Guess it’s just a fad.

Tulips baby….cryptotulips.

 

 

 

Time Travel – Stock Markets – Cryptos ‘n Space

Time travel is a bitch you know….

You feel as though you’ve only been gone for a second yet…. on return soon realize things have really changed. I mean like………really changed.

It’s been a fairly long time…and I apologize for that. Travelling the cosmos in search of new technologies is an arduous task yet incredibly satisfying when you hit your mark. Unfortunately this time I’ve come back to Earth somewhat empty handed, realizing that for the most part……seemingly…Earth itself is the current “hot bed of activity” with respect to new technologies and advancement.

What do you know eh?…..now if only we could stop killing each other, and perhaps slow the rate of environmental destruction to a crawl – maybe there’s a chance Elon gets a few of his supporters up to Mars before Trump nukes Korea. Bravo Elon….you’re on the right track brotha.

As I said….things have changed quite dramatically since my last visit.

Looking into markets, I continue to invest heavily in cryptocurrencies as ( if you don’t quite get the full picture – totally understandable and not unlike the vast majority of people ) this being the point exactly.

We stand on the cusp of a new era. A new beginning. A fresh start for those a generation behind, where “old money” still struggles with the concept. Totally understandable. It’s wild. It’s nutty……but it “is” the future, and it “will” change the face of our current economic system. There is incredible opportunity here so please….don’t sell yourself short. You can do it. You can learn this. You’ll get it. I promise.

space-gorilla

space-gorilla

Litecoin. Research it. Bitcoin…will inevitably become a “store of value” much like gold exists in our current paradigm. Understand it. Tron/TRX  is a token out of China that I have 100% confidence will provide 100X returns over coming years ( yes I said years ) so throw that on your radar as well. Justin Sun ( Tron’s creator ) is the protegé of Jack Ma ( I bet you know what Alibaba is no? ) so imagine when these guys put a few more deals together. Tron gonna fly.

As for Forex……well. My long-term predictions on the “ultimate demise of the U.S dollar” are obviously coming to fruition. This dog has been tanking now for months ( nailed it / killed it / banked coin ) and to be honest…….I’ve completely lost interest. There is no debate. The U.S Dollar will continue to fall, and with the advent of cryptocurrencies….likely harder / faster than originally suggested.

You can STILL short USD – like……Monday morning.

Stocks are insane…..I’m not touching them with a ten foot laser beam as…..the volatility ( -724 type days ) is a larger indication of the Wall St. machines “slowly” switching the algos to “sell”. Cover your asses….keep profits / hang on to cash and stop considering “this will go up forever” – cuz it won’t. Catch what you can over coming months but…….I’m 100% out of stocks….short of the continued rise in Canadian marijuana companies.

It will take a single headline these days ( Trump impeachment ?? ) to wipe out every single nickel you’ve made over the past year so…….take heed. Party on.

 

 

 

 

 

A Day ‘er Two Early So What? – Cryptos Bottom!

I’ve got little to add……the crypto space has now bottomed with Bitcoin retracing to the full 61.8 Fib mark.

For those of you “chickens” still not interested in getting a Crypto Account – you can research the stock symbol GBTC – Bitcoin Investment Trust – I just bought 10k at 11.75

This thing will move up as bitcoin does.

Have atter….I’m off to binance.com to purchase more Tron at .04 cents

forex_kong_happy

forex_kong_happy

 

Crypto Space To Bounce – Bitcoin and All

The recently created futures contract in Bitcoin expired here on January 26th..so the Wall St boys should be “about done” with the crypto beat down ( so they can just buy lower ).

This coupled with the Chinese new year “spending splurge” ( where millions of people across Asia and the rest of the planet dump assets in order to send money home or buy ceramic cats ).

An interesting set of circumstances don’t you think? With concerns over Korean crypto exchanges sprinkled on top this has all compounded into the most serious pullback we’ve seen EVER!

BUY TIME!

cryptos ready to go

cryptos ready to go

The question begs…..do you believe in crypto currencies or not? Seriously……do you BELIEVE in crypto currencies or not?

Pullback complete…..Ripple good, Litecoin good…Bitcoin good. Everything good!

 

 

Kong Buys More Cryptos! – Tron and Cardano

Ok so here’s the deal.

You’re seeing all this activity in the big cryptos such as Ripple, Bitcoin and Ethereum still doing very well. But! – You can’t find a way to get in on ALL THESE OTHER ALT COINS with incredible technology and incredible potential, such as TRON and CARDANO.

I have a work around for both Canadians and U.S visitors as I have endured endless hours researching to get this right.

If you are Canadian…first start an account at QuadrigaCX via this link:

https://www.quadrigacx.com/?ref=i0ruy4u1f38r3ux68p6dq99g

This account can easily be connected to your Canadian bank account. Very low fees and extreme ease of use. You can then buy the biggies such as ETH, BTC and LTC – IN CANADIAN CURRENCY! Excellent!

Once you’ve got some skin in the game / BTC purchased…..you can then go through the simple process of transferring to other platforms such as GDAX.com and Binance.com

I’ve just bought a shit load of both TRON ( TRX/USD ) as well CARDANO ( ADA/USD ) as both these coins / technologies have far more upside potential than the now “dated Bitcoin”. Great coin….but these smaller companies have now improved the technology so significantly……Bitcoin has opened the flood gates, but won’t be the worlds adopted platform.

Kong Celebrates A Little Early

Kong Buys TRON and CARDANO

 

 

Check Your Heads – Cryptos Up – USD Tanking

Let’s count the days since calling “short USD at will”.

Check yer levels and check your heads – this thing is going “full retard” ( please forgive the movie / quote reference – I didn’t say it….I don’t agree with it but just said it anyway – Movie: Tropic Thunder = hilarious)

Count the days since suggesting to buy Lite Coin…..Xmas MORE THAN PAID FOR!

Your News Years Resolutions: ( not mine )

  1. Start Crypto Currency account. ( Kong will advise ).
  2. Stop worrying ( starting a crypto account will take care of this )
  3. Mentally prepare for one of the most exciting years of your life.

Anyone got a problem here?

We don’t sit idle. We don’t “wait”.

We go easy make nice……..but we move forward!

Kong Strong

Kong Strong

Hope you all had a merry ho ho ho.

Get bent if you’re not back at the charts.

It’s time to get to work.