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Thursday, July 16, 2020

MARKETS GOT NOWHERE TO GO

“A complete clusterfark in the last hour is always possible!”

“Move along people, nothing to see here” … unless of course you’re a
“Robinhood trader”, and buy every open & close cuz STFU & buy MOAR!
… the DAX30 completely dead meat, barely scraping a 100 index point range, in
the classic “Flying Wedge of Death” [FWD] inside a tight range … throw in shit
fills & slippage, and you got ZERO chance of making dinero in this puppy today.

I sense “air” coming out of the NASDAQ balloon, despite the hoards of
Robinhood morons who never met a 4 letter stock symbol they didn’t like &
think should be at $5,000 per share … despite “herky jerky” action, the down
spikes from hell are getting worse with each passing day   … this stuff looks
really heavy to me, and this market is due for a “washout” on the downside
… what’s below 10,400 & then 10,000 if it breaks, could get really ugly in a
hurry.

No trades today in the TURNKEY PAMM / MAM.

There simply weren’t any decent algorithm setups in this tight ranged day [so far],
and given the lack of volume & liquidity, this market is as treacherous as they
come at the moment.

… until tomorrow … Onward & Upward!!

-vegas



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