“Explain to me again the purpose of the “Plunge Protection Team” [PPT]!”
We get these financial earthquakes cuz government manipulates all markets
now … and when the lid blows, they back away and SHTF … if they’d leave
markets the hell alone, they would correct automatically and maintain healthy
levels of volatility that absorb the news … instead, we get what we got now
… remember, the elites in ‘Murica are NOT our betters!
Trading conditions today absolutely abysmal … the way these scumbag LP
crooks manipulate the bid/offer spread, and throw in double quadruple
slippage at the same time is literally criminal … they front run futures
orders, they bag orders [just ask Turnkey, where execution times aren’t in
milliseconds but full seconds … pathetic], and whatever you’re seeing on your
screen is a total illusion, cuz the real market isn’t anywhere near where you
think it is … with all the China news, attempting to scalp anything in the
stock indices, is an exercise in futility … the only thing that’s gonna get scalped
is you … you need at least, at a bare minimum, 5 NDX100 points as a cushion
for any market order, and even then that might not do either … these banks
are reprehensible.
Trading action today a complete mess, and at NOON EST, we really haven’t
gone anywhere in terms of price since the open at 9:30 AM EST … chop, stop
hunts, spikes from hell, no follow through whatsoever, and once again you can
literally feel the government’s PPT at times spiking prices higher … of course,
when they back away, it’s tapioca city … “oh, did they email you so you’d
know beforehand? … yea, me neither”.
And so, just like in every other market, we spend days drifting, not doing a
“Hoover Dam” thing, and then out of the blue like a lightning bolt, here comes
a massive move in seconds on some POL and/or Apparatchik moving his lips
… the only winners here are the scumbag LP banks & the HFT algos, and
everybody else loses … you can forget any resemblance to economic factors
and/or interest rates, or a hundred other things some analysts would call
“fun-dur-mentals”, cuz they don’t mean warm spit anymore … only POLS &
Apparatchiks matter, and they’re tied at the hip to the fraudulent banksters
at the FED, or at the other assorted corrupt central banks scattered around
the globe … “don’t you know? … it’s all for your own good”!
Quite frankly, with tariffs set to kick in tonight at midnight, anything can
happen today … explode higher, explode lower, who knows … one thing for
sure, though, is that unless you’re already positioned in the market, you won’t
be able to catch a “Hoover Dam” thing come explosion time … try and get in,
and Turnkey and their BFF’s, the scumbag LP banks, will clip you good
… and if you’re wrong, you got no chance to make it back … thank you
manipulators for all you do! [snark]
If in fact tariffs do go into effect tonight, I have a very hard time believing
both the NDX100 & the SP500 won’t be affected adversely going forward
… at a minimum, we got a few hundred points to go to the downside, and
that’s the good news … but POLS & Apparatchiks being who they are, and
who they take orders from [bankers], we could be right back up at the highs
in record time if things get resolved somehow … I’m not saying they will, but
this notion in stocks that everything is always F-ing awesome 150% of the
time, and no high is too high is bullshit … we’ll see what happens.
Today, we spent about an hour and a half down near the lows of the day
… does this scream low to you? … then the obligatory Trump Tweet that sent
the NDX100 up 100 points in 17 minutes, with talks are proceeding and we
hope things work out … that’s plain English from our Preezy to shorts and
short sellers, sell at your own risk and be prepared to get squeezed at any
moment.
Boy, given whatever happens tonight, could tomorrow be interesting to say
the least … and what does China say and/or do after midnight? … a very
good time to be sitting on the sidelines … we’ll pick it up in the morning
… until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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