“Checking that NASDAQ ticker tape again from space I see!”
I don’t have a lot of nice things to say about Europe … their markets are bullied
by China at night, and mugged by the U.S. during the day … in other words, most
days they are clueless about direction, waiting for somebody else to tell them
what to do … but they learn quickly the habits of the scumbag LP banks on the
other side of the pond, and can mug & rape orders just as easily as the best
of ‘em … the DAX30, a perfect blend of neurotic psychosis Europeans love and
then hate, all within 5 minutes.
The entire week has been one of “can’t rally, can’t break” inside tiny daily
ranges, where panic up, then panic down, rinse & repeat is the norm … trading?
… fugetaboutit! … it’s all straight up or straight down with nothing in between,
as the banks run stops, front run corporate institutional orders, and generally
create havoc for their own benefit … getting algorithm signals out of this bag of
shit week has been very tough … and if you’re left dangling at the end of a run
the wrong way, good luck cuz they will squeeze you until you bleed, and when
it’s all said & done, you’ll be hard pressed to make anything back.
Not that anything is better in the casino in the U.S., where the “Plunge Protection
Team” [PPT] is scared shitless to let stocks have 2 losing days in a row, despite
ever worse, worser, worser-er-er news on just about everything … no greater levels
of stupidity abound than in the casino of stocks, and Robinhood dumb asses can
be counted on to buy “anything & everything” with a 4 letter symbol [NASDAQ],
no matter how bankrupt the zombie company … the NDX100 in a complete & utter
fairy tale land of delusion that some day will end and leave countless millions
bankrupt, and of course, that level of stupidity transfers easily to the DAX30,
despite its abundance of zombie companies … some days I wonder what the
purpose of all this is for, simply cuz I see no collective economic benefit to anyone
but the fucking banks, who skim everything and then pay off the POLS,
Apparatchiks, & regulators to look the other way … scumbags, scumbags
everywhere!
I made the decision after I posted yesterday, that going forward I need a “Plan B”
… and that plan is the NDX100 … “yea, I know, Turnkey sucks in the NDX100 as
far as fills go, and their LP’s are among the worst in the world … but I simply have
no choice, cuz too much money is being left on the table while at times the DAX30
plays dead, or simply goes in straight lines up/down where the algorithm is
ineffective” … I’m told there are new LP’s … well, we’ll see about that … point is,
though, once the sun comes up in New York, the DAX30 most days is simply a
mirror reflection of the U.S. indices … this week sees that in spades … and
volumes & liquidity back off pretty quickly once that happens, so what’s the point
of sitting here and watching the NDX100 continue to trade well, while the DAX30
comes in a poor second?
In any event, the trading algorithm is just as good & efficient in the U.S. indices,
and today sees many more buy signals in the NDX100, than in the DAX30, where
after the NYSE open there wasn’t one! So “Plan B” it is. Look for trading in both
the DAX30 & NDX100, where I’ll simply be looking for the best trading for the day
and going from there.
One algorithm signal today in the DAX30 … TURNKEY PAMM / MAM UP SLIGHTLY.
I simply can’t trade the algorithm when there’s nothing but “V” shaped tops &
bottoms, that turn on a dime, never retrace or correct, and then scream in the
other direction when the scumbag LP banks turn the market … rinse, repeat, and
this has been the whole week in a nutshell … very disappointing, but there isn’t
anything I can do about it … hopefully, adding the NDX100 changes that.
After today’s post, going forward I’ll be posting around the close of the NYSE,
sometime between 3:30 PM EST - 4:30 PM EST.
… Blog update on Sunday … Onward & Upward!!
-vegas
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