“The impact of the highly improbable event!”
Oh boy, I see “Black Swans” in the water today … President Trump putting
the hammer down on Mexico overnight, and quite frankly it’s high time
somebody did something to stop ILLEGALS from pouring through the
southern border … we’ll see how much Mexico howls & yelps “it’s unfair”
… this from a country with one of the toughest immigration laws in the world
… oh, the irony meter is way past the red line, as they extend the welcome
mat to Central American castoffs, and allow them free passage to our border
… “finally, an American President with some balls to do something, while the
SJW Snowflakes huddle in their safe spaces somewhere” … about fucking
And once again, we enter a trading day with a massive daily range to the
downside … what’s left for the U.S. session? … and will the “Plunge
Protection Team” [PPT] step in after the selling and manipulate the SP500
higher? … with what’s been happening lately, who wants to go home for the
weekend long stocks? … now that we’ve broken the 200 day MA to the
downside, does the “short gamma” crowd show up and really belt the shit
out of stocks and send them reeling lower? … and finally, how do you measure
the severity of sell side panic on a Friday?
All these questions of course, non computable with no answers … a veritable
infinite number of probability wave functions, where one will go to ‘1”, and
the rest to “0”, at the speed of light today … good luck measuring risk control
today in anything.
We’ve been open now for about 90 minutes in the NYSE session, and the overt,
in your face manipulation, by the PPT simply knows no bounds … quite
frankly, this is a disgrace to markets everywhere … but since it’s stocks,
nobody cares … what in fact is happening, is that they are destroying financial
markets … and when the public stops buying, and traders come to realize
they’re nothing but guinea pigs for the PPT and nobody trades the SP500
contract anymore, who are they going to manipulate it from to get their gains?
… this is an absolute “shitshow circus” … another market that is gonna go
“silverization” and die if they keep this shit up … mark my words.
And in that vein, this is why crude oil is the largest traded commodity in the
world, and why money flows to it … cuz it ain’t government manipulated!
The last of the somewhat free markets left on earth to trade, where VIX isn’t
centrally planned by manipulation HQ.
Like I said earlier in the week, it’s either straight up or straight down, and the
normal ebb & flow of the marketplace is literally destroyed cuz there’s nothing
but panic on both sides … how the fuck do you trade this in that kind of
environment? … cuz what happens is you constantly risk $100 to make $10,
and if you swing and miss, you literally need a 80% - 90% win rate just to
breakeven, cuz the losses come quick and nasty … it’s bullshit, just the way the
manipulators like it.
Here at Noon EST, the levitation act continues in the SP500 … all the while of
course, shorts get burned by trading news … I’ve said it for years & decades,
you just can’t make a living or make any money on the short side of stock
indices, unless you get stone cold lucky … and since October of 1987, you’re
always fighting the government. Market has crawled back up to slightly
higher from the open, and right near the 200 day MA in the SP500 … oh how
they desperately want a close above the 200 day MA … the way things are
going, they’ll probably get it on manipulation, but I don’t think you can
ignore the news cycle here it’s so “Hoover Dam” ugly.
And now that we ran up like a turtle, it can’t rally now as we slink back down
… just really bad trading conditions, made worse by news & government. Still
haven’t gotten a single algorithm buy signal the entire week! … this is what
you get from manipulated markets. Quite frankly, I’m ready to throw my
laptop in the ocean and go work at the circus shoveling elephant shit, but the
dog & Mrs. say no … they’re afraid the elephants would trample me when I
pissed them off to no end.
So, here we are with another completely useless trading day, where so far, the
day’s range is 40 index points, and the NY session after 3 hours of bullshit
has a range of 18 index points … straight down, then straight up, and now
straight down into the middle … oh yea, sign me up and get me in the middle
of this wonderful “shitshow circus”, where the spikes up/down from hell show
no signs of ending anytime soon.
Good Lord, I need some vitamin C therapy [Corona with lime] … another
minute of this crap and my head is gonna explode … I’ll let the manipulation
criminals JPM, Squid, & Citibank have fun with the rest of the afternoon on
a Friday, cuz you can count me out playing with scum like this going into the
weekend … no thanks, all they are is trouble. I’m outta here early today.
Blog update on Sunday … until then mi amigos … Onward & Upward!!
Have a great weekend everybody!