Welp! … we now have some answers to Friday’s plunge in “Stonks”, followed by
the “Plunge Protection Team” [PPT] buy-a-thon … today’s worry, though, is the
brokerage fallout from that and it looks like Credit Suisse is on the hook for
some serious losses … “wait, wut? … there supposed to be “Swiss” and of the
highest pedigree when it comes to managing risk … well, nothing like floating
some dollars in front of your eyes to make you think you don’t see what you
should see"!
Started today with an internet outage that was supposed to end at 6:00 A.M, but
since this is the Caribbean, and nobody here can tell time worth a shit, I finally
got back on around 9:20 A.M. EST … I can B.I. Itch ‘til my face turns blue, but
nobody cares here, they just laugh at you and go about doing all the worthless
shit they always do … so, after living here over 5+ years now, I’m better at
accepting the “manana attitude” prevalent here in the Caribbean.
Dollar flows into Cable at the European open, only to see a massive sell off
[and almost double reversal on the day … still early, so it’s still a possibility]
when gold tanked below 1720 … “Stonks” all over the place at the NYSE open,
and the indices [“Stock Bellies”] mirroring a craps game in Las Vegas
… FUBAR top to bottom.
Meanwhile, rates on the 10 YR go stubbornly higher, which I’m pretty sure has
led gold lower … and the metals look worse than death on a stick at the moment
… from the long side, just nothing but trouble as every frickin’ rally of anything is
sold and sold heavy … when you look at FX, it’s hard to not hate every pair, as all
of the major central banks are filled with Nitwits, Scumbags, Apparatchiks, and
those looking to line their pocket at every opportunity, while simultaneously
screwing the middle & lower classes in their respective country by going full
retard CNTRL-P … none of course bigger than the faculty lounge Lizards at the
FED, where since 1913 they’ve done a bang up job of ruining the dollar and
lowering the standard of living for everyone but the 0.00001%, which of course
is who they listen to and kiss ass … still, it’s hard to see most days which central
bank is worse, as they all race each other to the bottom of currency devaluation.
One algo buy signal in GBPUSD today … TURNKEY PAMM UP SLIGHTLY.
There were 5 signals I couldn’t take from the European open to when I got internet
back on and running … and since gold puked, action has slowed “bigly & yuge”,
and now into the New York afternoon with Europe closed, Cable is slowing
remarkably and it’s drifting with a lower bias, that unless rates or “Stonks” go
magically higher, order flow looks and feels “stuck” long, but who knows what
the criminals of Wall Street have planned for the afternoon … and as most days
will attest, after Europe closes, FX crawls thereafter ‘til the Asia open some 8
hours later … get a trading signal and it doesn’t mean much unless there’s news
… and what that means is it’s time to hit the exit gate.
Over in crypto, BTC up from the weekend on news Visa will be soon taking
Bitcoin for payment on Visa cards … for all of you gold lovers and Bitcoin haters
out there, when do they add gold as a payment option? … oh right never, and
now you know just one of the many reasons why BTC goes up and gold continues
to go down … for “The Syndicate” today, some signals in ONTUSDT [Ontology],
which I’m coming to appreciate more as a trading vehicle … better pricing and
movement than either BTC, ETH, & ADA … anyway, we’re UP SLIGHTLY, as after
New York got going everything but “Stonks” frickin’ dies, and crypto is no
exception … “Asia flies, Europe sleeps, and the U.S. session frickin’ DIES”!
… but I will be trading more ONT going forward, with some early Asian session
action [if it’s there] before I call it a night.
Better trading action today in Cable, but I wonder how much of that is due to end
of Q1 flows? … and with rates [10 YR] going higher, why is Cable hanging onto 3
days in a row up? [close to UNCH now, so we’ll see what trouble the afternoon
brings] … seems like all of FX is nothing but a trading Ponzi scheme, with “you
know who” running the show” … EURUSD with a 30 PIP range for the day … what
the hell is that? … talk about manipulated or what? … playing any type of
“fun-durr-mentals” is a fool’s errand, cuz there ain’t any … on the surface, only
rate differentials, but that leads & lags so badly it’s worthless … every bit of FX
is manipulated bullshit by central bank planners hell bent on implementing their
destructive policies on their country for the benefit of the global elite & their
banker buds who supply the “skim” to their Bitcoin e-wallets, and unless you
realize what you’re up against and how to defeat it, they’ll carry your account
out “toes up”, and you’ll feel like the “Chump” at the poker table and wonder
WTF happened … well for sure, they aren’t gonna tell you Skippy! … the algo
really does a great job of keeping any trader on the right side of the market,
modeling price behavior based on “buy fuel” … cuz all that matters is order
flow, and under the right circumstances the scumbag bank LP will work for you
and not against you! … if the scumbag LP banks aren’t front running corporate
orders, they’re fading order flow from specs of all stripes … and when that
order flow stops, they’ll turn it the other way and make traders bleed … they do
it every frickin’ day! … don’t bleed Skippy!
Just remember, you get rich from trading in 2 ways … 1) not getting whacked,
and 2) money you make is MONEY YOU KEEP! … until tomorrow … “the future’s
so bright I need sunglasses”! 😎 … Onward & Upward!!
-vegas
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