“Nothing says yuck better than a totally manipulated market!”
Given the news cycle today, and watching everything go from worse, to worser,
to worser-er around the world, what makes more sense than a stock market
that opens and goes straight up? … “well, welcome to manipulated insanity,
where you to can get steamrolled by the market freight train, that only knows
straight up & straight down … intraday trading? … hahaha, that’s a good
one, cuz that shit almost doesn’t exist anymore … nope, it’s everybody on the
same side of the trade until the manipulators say otherwise”.
To be sure, just as manipulated as the gold buyers who got sucked in, in the
latest iteration of the “Comex Con Game”, and are now $20 in the hole if they
aren’t out with losses already … trend? … what trend? … the only trend I see
are scumbag LP banks separating accounts from their money … the howls of
laughter from scumbag HQ have got to be deafening!
But I digress … it seems the worse the news, the economic stats, the China
trade deal, whatever, the more stock indices rally … and it’s not like I care
what they do, I care about how they trade, and straight shots up/down, hour
after hour, is not my idea of trading … after a 4 - 5 hour straight up move
from the low around 2837, all the way to 2890, when it does correct, is there
anything left on the upside after a 53 index point rally going into the New
York afternoon? … my guess is no there isn’t, cuz the buyers have run out of
ammo for the day … fact is, there is very little “trading” like we saw pre 2016,
when you had good up/down movements during the NYSE day… today, it’s
either “short gamma” selling cuz they have to, OR straight up on corporate
buybacks and the “Plunge Protection Team” [PPT] … getting closer to and
going into the 2020 election, there isn’t anyway in hell the stock market tanks.
Not that any other market is better, cuz there aren’t any … oil maybe after
the OPEC+ meeting in a few weeks … maybe … but everything else is a fixed
casino. All I’m asking for is a decent up/down trade during the NYSE day to
make money, and if you buy straight up rallies or sell straight down breaks,
you’re simply giving money away … you have to wait and pick the turns
properly … that is, when there are turns … today, a piss poor excuse for a
market that has ignored the fact that world economic growth is tanking, and
believes the FED has everybody’s back, so buy anytime and it will work out.
On the other hand, when the PUT sellers get stuck “short gamma”, it’s
straight down the chute and it can’t rally to save its life … bring back the old
days, this is bullshit.
Then there’s the bullshit of dealing with Turnkey’s LP’s, who today decided
just a little after Noon New York time, to basically double the bid/offer spread
in the SP500 CFD, from 0.3 to 0.6 index points … “doubling my cost to trade,
and I’m not supposed to notice? … duh, market conditions, duh … that’s the
response I’d get if I wasted my time to B. I. Itch with Turnkey, along with they
don’t set spreads … seriously, what’s the point? … all of this of course in a
dead market”. Everyday, they do anything they can to steal money from client
accounts … today it’s spread manipulation for no “Hoover Dam” reason
… tomorrow? … who knows, but count on the fact they’ll think of something.
So, if I get an algorithm buy signal in this dead market, do I take the trade
with a 0.6 spread? … nope! … screw these asshats, there are infinite
opportunities ahead, why pay more? Instead, wrap your head around the fact
we are all dealing with criminal thieves, who hope you don’t care.
Now after 2 PM EST, and what I said before is coming to fruition … that
being the SP500 is slowly breaking and can’t now seem to rally … well, why
should it? … they blew it 50+ higher in 5 - 6 hours straight, and the buying
has dried up … sell it, and you’re asking for a head shot from an AR-15 … buy
it, and it’s like slowly starving to death … cuz now we’re in the afternoon,
where a whole new dynamic takes shape, and time to the close becomes a
factor it wasn’t before … if we had gotten this afternoon break this morning,
yea I’d have bought it … now? … not enough time and to few buyers to
support me into the close … and if I’m wrong, I’m gone, cuz no way to make
it back.
So, a lot of bullshit to deal with, but we deal with it and move forward
… onto tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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