“Well, here we are again … the insatiable appetite!”
Ok, back to the world’s most manipulated market [from the buy side], where
once again I remind readers, this is an “80 / 10 / 10” market … 80% of the
time it goes up, 10 % of the time it goes sideways, and 10% of the time it goes
down … there’s only one problem … the 10% down usually kills accounts
and is wicked as hell on the downside … check December 2018 for details.
close, and today sees Apple after the close and a FED interest rate decision
tomorrow at 2 PM EST … so far today, the “Flying Wedge of Death” [FWD]
readily apparent in the NDX100, as no matter what the news is … whether
it’s worse, worser, or worser-er, tech stocks got a 1) corporate buyback bid,
2) the “Plunge Protection Team” [PPT] on their side, and 3) a belief the FED
is their BFF in the whole world, cuz stocks can only go up. “Hey, the NDX has
only been up 18 out of the last 19 weeks, what’s to worry about”?
Well, at least it moves … the manipulators see to that, so we might as well
piggyback the largesse like JPM & Squid, and not ask questions. Range today
in NASDAQ not bad, could have been better, but what frosts my cupcake
today are 2 algorithm buy signals that missed by exactly 1 NDX100 point
TWICE, and then of course the market rallies … “get me out of April before
I start playing in the street”.
… should be an interesting day. Of course, tomorrow is “May day”, May 1,
where communists, anarchists, totalitarians, & other assorted misfits
celebrate “the worker” … “yea, like they’d know anything about that … I
hear congressional Dems want to make it a FED Holiday, you know, after their
So, we missed out on two really good trades today, both by less than one index
point … meh. “Whaddaya gonna do”? … onto tomorrow with the FED. Until
tomorrow mi amigos … Onward & Upward!!