I tried to warn people who chose to listen to Spicoli yesterday at his embarrassing
FED presser … brain damage to follow … how many pundits labeled this train
wreck “confusing”? … plenty … but no worries, cuz as long as the batteries on
the CNTRL-P machine keep it going “Brrrrrrrr” to the tune of hundreds of billions
per month, nothing else really matters.
But can the “Stock Bellies” trade is the question, and again today the
Chuckleheads passed on that in the Asian session, and through the first 14 hours
of today it’s been a tortuous slow walk up the hill for the DOW30, with no real
activity to speak about … IVIX getting crushed, but the day is still young so who
knows? … all we see so far are a couple of M1 panic attacks followed by crickets.
Well, the last hours of Asia and the almost first half of European trading, a really
piss poor excuse for trading … GDP up at 8:30 AM EST, maybe that jump starts
things, but so far this is a nightmare … you know it’s bad when M1’s “gap”
between M1’s and there is ZERO flow in the market … quite frankly, this is just
stop hunts by banks hungry for revenue … reverse, rinse & repeat, are you having
fun yet? … quite frankly folks, there isn’t anything here in terms of volume, except
for those who position then panic, and then the scumbag LP’s take full advantage
… hopefully when the NYSE opens, things will be different … if not, this is gonna
be one long day of bullshit … and yea I know it’s the dog days of Summer, but still,
I know the smell of manipulative bullshit when it hits me, and the stench from this
is overpowering … it’s called manipulators manipulating VIX, thus allowing the
scumbag banks to wait out over leveraged, hyperactive specs whose stops get
taken out about every 15 minutes … they’re all looking for an extension of the
day’s range and a pick up in volatility, and they ain’t gettin’ it, so they puke … so
far today, this has happened about 15+ times … sooner or later they run out of
money, and it’s “mission accomplished” by the banks … “it never was YOUR
money … it was OUR money, you were just holding it for a while … now, it’s back
where it belongs”! … and of course, add the spread, slippage & commish, and it’s
all the sweeter for the banks.
Thud. … that’s the sound of the GDP report on the DOW30 … another big sigma
miss to the downside … so what, as the CNTRL-P machine goes “Brrrrrrrrr” … it’s
all that matters … now for the NYSE open, and another raping of the Chipmunks
[maybe] orders, as banks look to their most profitable 5 minutes of the entire day
… good grief what a scam. And right on schedule, there it is, another scam open
for the NYSE … why aren’t these people in jail? … unfortunately, we know the
answer to that … pretty much everyday this shit takes place … criminal! … well
now, here comes the “Thelma & Louise” in the DOW30 … see my shocked face.
Well now, Apple to issue bonds for buy backs … here comes the next wave of
NDX100 new ATH’s once the buy back period starts again after earnings season
… it’s all CEO’s are good for anymore … thanks FED, you’re doing a “bang up”
job for the 0.0001% just like always!
A little over an hour into this clusterfark, and the DOW30 is nothing more than a
bank run “meat grinder” … 3 days in a row now of this bullshit … yea, I know, it’s
Summer and almost August, where the entire world that doesn’t have Covid will
be at a beach … meanwhile, rest assured the stealing & general scumbaggery of
the LP’s will continue in earnest, Turnkey’s LP’s no doubt leading the way … not
exactly what you want to be #1 in is it?
Noon in New York, and what is it I’m supposed to do here? … we’ve got a
“market” [cough, bullshit, cough] dominated by foaming at the mouth, FOMO
driven BTFD specs on one side, and when that order flow dries up it’s KABOOM!,
down goes Frazier on spec sell stops … does any move last longer than about
11 minutes now? … and through all of this shit, the algorithm’s MOMO
components can’t sync with what’s happening in microseconds, and that results
in conflicting algorithm components to make a trade … like I said, third day in a
row … instead what we get are “speed of light” blast offs, inverted “V” shape
tops, and corrective activity that’s not a correction but the start to a move down
… sell stops get blown out, we get a “v” shape bottom, and it’s off to the races
higher … looking over hours, where the fuck have we gone to?
… HINT: “NOWHERE”! … all of course inside ANOTHER “rinky dink” range … and
while the DOW30 rallies, NDX100 breaks and vice versa, as the hyper rotation
activity of the dinosaur stocks versus high tech takes place … what a circus
shitshow … thanks FED.
Mid afternoon in New York, and this is laughable … and while things may change
going into the close, this is the 7th out of the last 8 days UP in the DOW30 [if we
close higher today, which looks like it will be the case] … for the 50 millionth time,
yea I know it’s Summer and historically this can be an extremely slow and
frustrating trading environment, made even more so by manipulators intent on
destroying VIX … this entire week has seen terrible trading conditions in the
DOW30, made worse by scumbag MT4 LP’s that are nothing but thieves … “hey,
I got eyes, and I can see the DOW30 quote box bid / offer via Turnkey … clicking a
button to buy when it’s going up, or a sell button when it’s going down, and you’ll
know exactly what I’m talkin’ about … how’d you like that off the market fill
Skippy”? … if I wanted shit conditions like this, I’d watch FX … yes, things will
improve.
Yesterday I mentioned the switchover for “The Syndicate” from crypto … in the
following markets, using Airsoft’s “Chrono Trader” platform, the best trading
conditions [meaning LOWEST TOTAL COST TO TRADE] I’ve ever witnessed
… DOW30, SP500, NDX100, RUS2000, & CAC40 … we should be trading live by
early next week … quite frankly, this trading platform makes the MT4 look like two
tin cans hooked up with string … lightning latency on fills and NO SLIPPAGE!
… I’m not sure Turnkey could survive without the “skim” from splitting slippage
with the scumbag LP’s … they won’t say “NO” they don’t do it, so I have the right
to assume they are … so, “The Syndicate” will be back to “lighting it up” in the
next few days … FRICKIN’ GIDDYUP! … by contrast, if Turnkey can keep their
LP’s in line, I’ll “light it up” for the PAMM as well, there’s just a big difference
when the spread is wider and I have to deal with slippage.
90 minutes to the close, and in the last half hour the DOW30 can’t move 5 index
points one way or the other … this after ramping to another FOMO driven BTFD
spec crowd high of the day, where they honestly believe everyday should be
higher … still, a piddly ass range, and the only thing that ramp and subsequent
dumping proved was it was a bank led buy stop hunt.
I dunno, maybe the Chuckleheads can move this crap come the Asian session
into Europe … if they don’t, Friday could be the worst day of the week for trading
action … we’ll see. No trades today in anything cuz there isn’t anything to do!
… with such tiny ranges hour after hour, followed by explosions in price in
seconds out of nowhere both up & down, algorithm parameters even though
they are very fast, aren’t that fast … and it makes for no signals cuz after a
move, it simply drifts the other way, and we end up with the
“Flying Wedge of Death” [FWD] again & again, over & over … until stops are hit
on the other side where the process starts all over again … trust me, this ain’t
no accident!
On the bright side, the algorithm is keeping us out of trouble … now all we need
is an actual frickin’ market … I know, that’s asking for a lot these days since there
aren’t any … nonetheless, this too shall pass.
… outta here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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