Oy! … welp! … just some of the reactions to VIX going south and markets
refusing to move, thank you very much manipulators … “Asia flies, the rest of
the world DIES”! … and once again, I’m wondering when every market in
existence relocates to someplace in Asia, cuz only the Chuckleheads are doing
any trading, and buy the time they panic 14 times during 5 - 6 hours, and then
Europe strolls in, everything is D.E.A.D. … why should today be any different?
… it’s getting to the point where the European session is meaningless &
worthless for any kind of price discovery in anything … of course, the New York
session is the world’s money laundering session, where the likes of JPM &
Vampire Squid can shuffle dollars around, skim the top, and take care of the
usual suspect POLS, Apparatchiks, & regulators … does the “Big Guy” get 10%?
I realize we’re approaching Memorial Day weekend, but this shit is ridiculous
... daily candlestick charts looking like pencil smudges … gold today [so far] UP
for the 15th day in a row, excluding Grandma Yellen’s “flip-flop” down day, and as
I said yesterday, gold in search of its next “Thelma & Louise” waterfall, where all
of the positioned longs thinking they can get out at the top in an “orderly” fashion
… “uh huh, sure you can … here’s your sell stop fill! … stop screaming, I tried to
warn you”!
BTC goes UP 3K in Asia … thanks Chuckleheads … then dies and starts to work
lower … and unless something extraordinary happens, that’s it for Bitcoin today
as far as range is concerned … meanwhile, the DOW30 sits with a 190 index point
range at the “London Fix” [so far], and that’s OVER 50%+ under the 20 Day Range
MA … can they extend the range as the day goes on? … doesn’t look like it so far,
but who knows.
I had originally come into today expecting to maybe trade BTC … one look at
Asia though, and that gets shot to hell, unless they can extend the range higher
above approximately 40,500 … that didn’t happen, and the rollover was quick
and deadly straight down … gold if it could correct, and get some of the sell stops
ticked off, but again specs FOMO-ing the shit out of gold for the 15th day in a row,
and I want no part of this market until there’s some downside action to wipe some
long specs out, cuz in case it’s a mystery to you, “not every dog gets to ride on
the fire truck”!
“Stock Bellies” it is then! … only yesterday saw last Christmas Eve [on a
shortened day no less] have higher volume stats in both “Stonks” and options
… that’s how sick this shit is and why nothing is moving … well, that definitely
shortens the risk side of the model, but it also limits gains, and we can see that
with the disaster known as the 20 Day Range MA being some 50%+ higher than
today’s range … sure, it could change by the end of the day, but again what good
does moving in the last half hour do for us? … opening new positions with that
short of a time frame is tantamount to playing “Ruskie Roulette” … and again like
always, there’s options expiration to consider on Friday, where it seems every
expiration brings billions more in “gamma” risk to the table … and this all ties in
with the “speed of light … crickets” trading paradigm “Stonks” favor thanks to
the manipulators, who absolutely love this kind of action … and the reason is,
very few if any can capture it when it explodes, and those caught the wrong way
get carried out … and that’s just fine with the Bumpkins at the FED, cuz as any
kind of trader, they hate your guts with a passion!
One algorithm buy signal in the DOW30 … TURNKEY PAMM UP SLIGHTLY.
Pretty pathetic when you only get one signal, when on any normal day we’d see
5 - 10+, but it is what it is … when VIX dies, the algorithm cannot function properly
and give signals without relatively “normal” VIX … and right now, anything &
everything is not “normal”! … on the bright side of things, it won’t stay like this
for long, one way or the other cuz too much money sloshing around … and as I’ve
said before, if both gold & the DOW30 are dead, everything else is dead as well,
so there’s no place to hide … hell, even crypto after it runs and the collapse of
BTC, is seeing a very definite CONTRACTION in 20 Day Range MA’s, as people
pull in their horns some and aren’t willing for now to FOMO anything in the crypto
space like before … late Asian session & early European session the window now
for crypto movement, cuz everything else has died on the vine … imagine that,
ALL markets are cyclical in terms of VIX, no matter if they’re FREE or
manipulated! … meaning, “if I knew VIX could stay CONSISTENTLY HIGH IN ANY
MARKET, I’d have all the trading money in the world in short order cuz I would
constantly bet on movement AND GET IT! … cuz when VIX dies, and you’re still
trading like it’s “high” and gonna stay there, it’s gonna be a “wake up call” when
they haul you out toes up! … YOU SIMPLY HAVE TO PAY ATTENTION TO THE
EASIEST WAY TO GAUGE VIX, AND THAT’S A DAILY CHART WITH BOTH HIGH &
LOW SIMPLE MA FOR 20 PERIODS [ONE TRADING MONTH ON AVERAGE] … you
can see it expand and see it contract over time … directly below, the DOW30 daily.
Oh, and do my eyes deceive me? … is that gold getting “monkey hammered” out
of nowhere … gee, who could have possibly seen this coming? … and it starts in
the New York criminal afternoon … who’s surprised by that? … further
bloodletting ahead, like maybe tonight in the Asian session where the
Chuckleheads panic? … we’ll see … and notice how the scumbag bullion dealer
banks wait until the end of the day in Chicago to break gold, thus giving no time
to those interested in buying cuz time becomes a factor as conditions thin out to
rollover … coincidence? … err, NO! … the bottom here not very convincing, and
I’d like to see some bigger m1 spikes down on the bottom, instead of “rinky dink”
m1’s going nowhere … I’ll see what Asia brings to the table, but at least this is a
start to corrective activity, unless of course some goofs bring it back above 1900,
and the UP streak stays alive.
In any event, with the return of “normalcy” to “Stonks”, meaning VIX not price,
the trading algorithm is exemplary in “NAILING” profitable trades … all I got to
do is wait for ‘em and not do “stupid shit” … ditto in gold … but what indices have
that gold doesn’t is the “88/6/6” trading paradigm, cuz if you can avoid the back
6% of the DOW30 DOWN action, there isn’t a ship big enough to haul away the
cash you make on a consistent basis! … so, it ain’t like we got a choice in the
matter, you just have to be disciplined and show patience for the setups, cuz
they ALWAYS COME … and when they do, I ring the register … granted, not every
time is it Christmas morning and here’s your new Porsche, but it’s profitable,
CONSISTENT winning, just like in crypto! … it’s hard to tell really, but my
suspicion is the options expiration is exerting undue influence on yesterday’s &
today’s DOW30 trading action … most likely tomorrow as well, but we’ll see
… take it day by day and “ring the register”, that’s all that matters!
Meanwhile over in crypto, no trades today for “The Syndicate” … ranges in both
ONT & TRX contracting rather quickly, and the trading action not very good at all
… as a result, I decided to skip the day … why hand them back some profits?
… right, me neither!
… outta here … “the future’s so “GOLD”-en bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
No comments:
Post a Comment