I guess $2.2 TRILLION in options expiration today isn’t enough, so we also got to
have a FED Pie Hole open up on North Korea’s Business Channel of choice,
CNBC … and markets didn’t like it one bit … so my question is, “What do they
have on you Bullard”? … cuz it’s quite obvious to me he’s shilling for somebody
with an agenda, and it ain’t the Sheeple in ‘Murica.
The bloodbath in DOW30 stocks [financials] continues, and the rotation back into
tech is a tsunami … in my decades of trading indices, I’ve never seen such fast &
vicious rotations in & out of sector groups like we see today … simply unreal, but
welcome to the financial casino.
And in case you’re not watching closely, the dichotomy between sessions has
become a nightmare … like a light switch … and in the blink of an eye, hours of
price action get taken out in seconds and minutes, and over these last few weeks,
the NYSE open at 09:30 AM EST has become the starting line for the U.S. session
for some wicked and eye watering moves, ALL to the downside … and then on a
Friday morning here comes a FED Pie Hole pouring gas on the dumpster fire, but
then assuming everyone believes “they got it covered” so no big deal … the
hubris of these Dopes never ceases to amaze!
I want a piece of a $2 TRILLION plus roulette bet [a/k/a options expiration] like I
need another problem in my life … “thanks, I got plenty”! … and if “speed of
light … crickets” isn’t bad enough, how about “speed of light on STEROIDS &
METH … crickets”, cuz for the last week to 10 days, that’s about all we have
gotten, and guess where the U.S. session fits into this equation? … right, the
“crickets” portion … that is until some FED PIE HOLE says something normal
[meaning utterly stupid] and all hell breaks loose yet again as they feed the elitist
agenda at your expense … this week has been a waste trading wise, simply cuz
neither the DOW30 or gold has spent more than about 5 minutes on the m15 in
“buy mode” for the m15 candlestick … from the perspective of wanting to be
LONG, the algorithm has successfully done its job extremely well, keeping us out
of trouble while markets get “monkey hammered”, and if being short is your forte
[not mine] this week was like hitting the powerball lottery it has been that good.
As we head towards the NYSE close and Opex, if things stand where they are
now, the DOW30 looks for its 10th day in a row DOWN, and my guess is you have
to go back to the ‘08 financial crisis to see this phenomena … gold simply
continues the bloodbath lower as the “BTFD & then pray” crowd gets bludgeoned
… blame the Chuckleheads in the Asian session who bid it up thinking “bottom”,
only to see Europe & New York show up and take it all away … gold doesn’t
bottom until the Chuckleheads puke it lower first!
And all of this mound of casino horseshit piled high as the moon in financial
markets, you can point your finger at the Faculty Lounge Lizards at the FED, and
ask why? … simple really, just follow the money after they leave the FED and
you’ll get your answer.
As you can tell from the website header, I’m proud to be banned from PATREON
… can’t have good, clean, educational material in Adobe pdf … nope … gotta
have filth on YouTube or any of the other multimedia darlings peddling junk, and
that’s perfectly acceptable … an absolute joke … come Monday I’ll have a chat
portal on the website where anybody can join and ask questions that’s FREE,
and if you would consider a crypto donation [BTC, ETH, or USDT] the wallet
addresses are in the header and I thank you in advance.
Once again, I ask the question … “What are you supposed to do in market
shitstorms like this, where it’s either bat shit crazy [BSC] or dead”? … moving
wildly or literally not moving at all … then some asshat from the FED opens up
and Bingo!, Bango!, Boom!, it’s off to the races … WTF comes to mind when this
is all you got! … and once the NYSE opens, it’s essentially crickets all over the
place to the close, where once again the croupier spins the roulette ball around
the wheel for the FED’s casino … and make no mistake, you can lay present day
FUBAR trading conditions right at the feet of these asshats who have no clue,
except of course what their masters want of them … what bullshit.
Meanwhile over in crypto land, it’s a slow walk down the hill with very little “pops”
to the upside … it sure ain’t like it was 10 weeks ago that’s for sure, as VIX is
getting unmercifully squeezed lower … upside activity is a ghost town, cuz
volumes have significantly dwindled. Range today in ONT is better than previous
days, but since i got up it’s only about 500 ticks with another slow walk down the
hill … and when you don’t have volumes, you don’t have FOMO … and when
there’s no FOMO to buy, there’s no panic to sell and that leads to no “buy fuel”
off bottoms … where we were seeing 10 -20 trading algorithm signals a month
ago, today there was maybe 1, and even that didn’t go very far … ditto with ETH
as well, so crypto is hurting right now cuz specs have walked away.
Once again today no trades in anything, most likely due to Opex and the bullshit
surrounding this 4 times per year casino event … with only about an hour to the
close, there isn’t anything here, and even if something did happen, there’s no
time left to take advantage … DOW30 down 10 days in a row, and gold once again
spending the entire day in “sell mode” in the algorithm day trade model
… scalping this week has been a nightmare, and so I’ve made an effort to
concentrate on day trade mode … not that it matters, cuz 99.99% of the entire
week has been in “sell mode” … it is what it is, and hopefully next week sees
recovery without the gamma horseshit driving trading.
Blog update on Sunday … Outta here … “the future’s so “GOLD”-en bright I
need sunglasses”! 😎 … Onward & Upward!!
-vegas
No comments:
Post a Comment