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Friday, July 20, 2018

OMG THE YUAN MATTERS! … UNTIL IT DOESN’T

“Correlation trades work until they don’t … OMG nobody emailed me!”

Suddenly the Chinese Yuan matters … and then after about 7 A.M. EST, it 
didn’t … and while pretty to look at, they seldom produce like expected. AS for 
NDX100, the suckers investors keep lining up at the door for more no matter 
the bad news, no matter the time … “if the day ends in “Y”, it’s a good day to buy 
MOAR tech stocks with 100+ P/E ratios, cuz shut up, that’s why”!

Third day in a row of complete hog slop trading conditions … again today, 
can’t get more than about ± 20 points from the open, and all we see all day long 
after the “Yuan” mania, is the “Flying Wedge of Death” [FWD], as first longs, 
then shorts, get butchered by the banks and large hedge funds with stop runs 
that go nowhere. “If I wasn’t so cynical, I might begin to think all this is 
coordinated … nahhhh”!

Turning to today’s markets … complete slop in H33HKD overnight, with 
signals going nowhere due to lack of intraday volatility; the entire trade was 
nothing more than Yuan watching … that market didn’t move at all until the 
night session and New York took over … NDX100? … “well, it is what it is, and 
there certainly aren’t any “pony rides” inside 20 point moves that end as abruptly 
as they start”.

A handful of trades today … PAMM down about $20 & change on simply 
another nothing day.

There were times today, where my trade couldn’t even get out of the damn 
spread within 5-10 minutes, it was so bad … trading action simply horrible, 
with utter violence in USDCNH, on the day, most certainly not helping 
markets anywhere. The algo not really beneficial today, as volatility once again 
takes a vacation, and when the signals collapse unto themselves, what you’re 
left with is utter shit … all it takes sometimes is a 1 point move, and the algo 
oscillator goes “haywire” … when the volatility isn’t here, there isn’t anything 
you can do, and if you have any losing trade, good luck getting any move to 
help get it back, cuz most likely that isn’t gonna happen. The banks “bleed it” 
one way, and then on a dime they flip it and bleed it the other way, with most 
trend followers getting stuck short at the bottoms and long near the tops 
“trust me, they know just where to take it to click off retail spec buy/sell 
signals en masse, and then shove it in your face”!

On the day, the NDX100 down around 0.4%, so our couple of collective bucks 
down again beats the index … “and that’s what we’re gonna do almost every 
day, which is beat the index"! Long positions today really hard to hang onto for 
profit, and the turns lower vicious as hell. 

On Sunday night, I’m going to be posting a special blog post on NDX100 
… until then mi amigos, I’m outta here … Onward & Upward!!!

PAMM spreadsheet will be totally updated and posted Sunday.

Have a great weekend everybody!!

-vegas

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”!


 






 

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