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Monday, January 13, 2020

ZOMBIE MONDAY

“It’s what’s on the inside that counts!”

As you scan the different stock indices at offshore brokerage houses, you’ll
notice in all of them, a slight valuation difference in pricing … this is due to the
fact that the original DOW JONES INDUSTRIAL AVERAGE 30, is a trademark &
copyright index by Dow Jones & Co., and they don’t take kindly to using their
brand without their permission … so what happens is that bank liquidity
providers replace a couple or a few “dogs of the Dow” with other stocks, and
you end up with the “Wall Street 30” or “US 30”, or something along those lines
… same thing with the SP500 & the NDX100. So, tomorrow starts off the Q1
earnings season, and so you might see different DOW30 CFD’s react differently
at different houses … now you know the reason.

It’s pretty much “Zombie Monday” across the board … not a whole lot going on
in anything … Cable has lost its “MoJo”, and IVIX is horrible today, regardless of
the daily range … it doesn’t do much good to have 30 minutes of trading and the
rest of the day stuck in a very tiny range … ditto with gold & silver, and crypto
[BTC] is dead.

However, one thing you can pretty much count on, is that the DOW30 will move
some, and in the process trap both longs & shorts, and lead to some algorithm
trades … and with not much happening, and IVIX on the low side, you take what
they give you and walk.

I get to my screen this morning, and there’s a whole shipload of people who’ve
signed up at FX CHOICE for the DOW30 PAMM /MAM, but nobody has deposited
anything yet … when I check my emails, many of you that signed up asked me if
I could possibly wait a few days to trade so you could get your BTC sent and
deposited … after thinking about this for a sec, I wrote back and told those that
specifically emailed me to wait, that I would halt trading until the start of next
Monday … this gives you this entire week to “get r done”, and if by next Monday
yours isn’t in the mix, it gets there when it gets there, and tough toenails, I’m not
waiting any longer.

Up ‘till now, most in the PAMM / MAM have been family and close friends … they
don’t care what I do … I could stop trading for a month and it wouldn’t bother
them, except for the dog, who’d be on my case 24/7 … something about a new
dog house condo with a Jacuzzi … I dunno … some days it’s hard to read his
thoughts other than “gimme more deli roast beef! … NOW”!!

Today, I started trading DOW30 CFD at Turnkey again … good news, they handled
it in a satisfactory way … didn’t feel I got ripped a new one … long entry was right
on the market, and liquidation saw a 1 index point bit of slippage, which isn’t that
big of a deal, especially when the index was moving … so, so far so good, and by
first appearances it looks like I’m not being given a line of bullshit about their
“new” CFD liquidity providers … and it goes without saying, that this is very
good news for the Turnkey PAMM / MAM, if it holds up, cuz it can finally start to
make some bucks … “yes, it’s taken them way too long to get this done, and let’s
hope it stays this way … if so, it’s “water under the bridge” and time to focus on
making triple digit returns this year in the PAMM / MAM”!

And speaking of algorithm buy signals, we only got one that was decent today
… Turnkey PAMM / MAM UP a few bucks shy of 0.4%.

The buy signal came right off the low of the day, and short “buy fuel” propelled
this puppy higher within seconds … overall though, the trading action in the
“Tulip Bulb 30” pretty pathetic … here with less than 2 hours to the close, only
about a 90 index point range in the NYSE session … Zombie Monday, what else
can I tell ya?

Cable for its part, just dead in the water … the day’s range hides the fact that for
the last 5 hours + we haven’t even seen a 20 PIP range … talk about dead, this is
it … weak economic data, and a sense that BoJo & crew are taking a hard line
towards the BREXIT deal, has got buyers nervous … and it’s taken the “snap”
out of the Cable trade that’s for sure … whatever was there after the Dec. 12th
election and into the New Year has completely disappeared … there just isn’t
anything in this market right now except banks screwing specs … want part of
that? … I sure don’t, so I’ve left Cable alone to stew in its own juice.

Tomorrow starts the Q1 earnings flow, so I’m hoping this “snails race” in the
DOW30 picks up some … well, actually a lot … oh, and Wednesday sees the
“China trade deal” get signed, so they say … whatever that’s worth for bullshit
… interesting rest of the week dead ahead … until tomorrow mi amigos
… Onward & Upward!! 

Have a great day everybody!

-vegas

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