“Umm, I dunno … quiet as a manipulated stock market?”
With “crazy” October now in the books, Zero Hedge makes it official; October 2017 was the ‘QUIETEST MONTH EVER” in the history of the U.S. stock market, as measured by VIX. When you consider that October is historically the most volatile month of the year, that’s saying something. From my vantage point, though, “don’t sell the FED manipulators short … there’s still plenty of months ahead of us to see it go lower still. Hell, 5 years from now, when the VIX is at 0.97 with record short spec open interest in VIX futures, you may look back and pray for the “wild month” of October 2017 … I’m just sayin’, it can get worse if you’re looking for volatility from this rotting carcass of a trading market”. I’m simply amazed anybody with an account still looks at this group to trade … the “handwriting” has been on the wall for months; both the Dow30 & the SP500 are a “ghost” of their former selves.
To give you an idea how bad things have gotten, in 2011, the average 3 month daily volume in the SP500 e-mini futures contract was approximately 2.6 million contracts a day; yesterday it was a few thousand over 1 million, and many days it falls well below 1 million. So, it isn’t only the gold market traders have fled, indices volumes are down over 60%+ from just 6 years ago.
Well, this is great news! … if you’re a central banker who wants things quiet … you know, cuz it’s in the public interest to have and maintain a very quiet stock market that only nudges higher during the night in Asia, and then doesn’t do Mr. Jack Squat during the New York day. Mainstream Wall Street [JPM, Squid, etc. … round up the usual suspects] loves it, and just where do you think Grandma Yellen goes when she retires next year? To ask the question is to answer it … sadly.
Which is one of the reasons, in the new “Scalper’s Algorithm” manual out at the end of this upcoming weekend, and before I start trading again next Tuesday night / Wednesday morning, I go to great detail in the “Introduction” to explain my reasoning in abandoning the equity indices. Well, you just got another dose of “manipulator pie” handed to you in October, and it’s only going to get worse cuz they ain’t ever going to give up control of the stock market in the years ahead … unless the FED is abolished. “Ohhh, be still my beating trader heart … I can dream can’t I?”
And another thing … since I’ve been running around the island counting cloud formations [“I think I see a technical pattern up there”.] … I don’t know which is more enjoyable to watch after 5 – 6 weeks in the social wilderness: Hollywood Libtards eating their own, or Cankles attempting to remain relevant. “Who knew I’d miss the internet so much”!
Have a great day everybody!
OUR TURNKEY FOREX “PAMM/MAM” IS NOW OPEN AND OPERATIONAL; SEE “PAMM/MAM MONEY PROGRAM” IN “DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND START YOUR JOURNEY FROM WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!