“If the DAX30 were closed, it would be moving faster!”
I don’t care what platform you’re on, when it ain’t wanting to play it ain’t moving
… and if it ain’t moving it drives pretty much everybody to the sidelines, thus
becoming a self-fulfilling prophecy of “not a HOOVER DAM thing is happening”
… welcome to trading in August the day of another idiot NFP number, where I’ve
seriously seen more active Christmas Eve sessions than this … “let the ice hang
from my eyebrows and grow ever longer”!
Of course, the casino manipulators are waiting in the wings for some explosive
bullshit once the math whiz kids over at the Department of Unicorns & Fairy Tales
release made up bullshit at 8:30 AM EST … even with Wednesday’s huge sigma
miss to the downside by ADP, the “whisper numbers” for jobs exceeds a 1 million
print, which if it happens is gonna be tough to swallow for “Stonk” & “Stock
Bellies” cuz it will lead to speculation the Jackson Hole shindig will see an
announcement by Spicoli of immediate September tapering of QE … and as we
all know, “markets” [cough, bullshit, cough] absolutely need their heroin fix of
FREE, FRESHLY PRINTED CNTRL-P DOLLARS, or else SHTF is to follow rather
quickly … EXIT QUESTION: “The great NASDAQ BUBBLE of 1999 got started
when Greenspan tightened … is Spicoli dumb enough to do the same”?
[HINT: of course he is!]
With every econ stat imaginable these last weeks missing to the downside
[except factory orders], who the hell is doing all of this supposed hiring?
… What, Applebee’s & Chili’s hiring more servers & bartenders? … oh yea, that’s
great job creation, something only a LIbtard would love … and speaking of
Libtards, I don’t want to read or hear another fucking word about “flouting” the
U.S. Constitution as they accuse President Trump of anything under the sun and
then wrap it in “he’s destroying democracy by “flouting” the Constitution”
… Preezy Idiot Boy just mumbled yesterday he knows the Eviction Moratorium
is illegal, and the SCOTUS has said so, but he doesn’t give a shit and so it stays
until it winds its way back to SCOTUS for another beatdown … quite frankly, this
IS AN IMPEACHABLE OFFENSE, but since he’s got a “D” after his name it’s OK
… STFU LIBTARDS!
I could fill up the blog every single frickin’ day with abuses by government, dog
catcher to Preezy Idiot Boy himself, and you can ignore it and laugh, but there’s
gonna come a day [and it’s fast approaching] when a situation is gonna explode
and the country goes into full fledged CIVIL WAR … the “U.S. of China” IS A
BANANA REPUBLIC!
Well, that escalated quickly didn’t it? … already, FX & gold pricing in some kind of
FED tapering is coming much sooner than anticipated, which going forward isn’t
gonna be any kind of good news for the FOMO, BTFD spec crowd that insanely
buys tech “Stonks” every single frickin’ day … and I can already see Spicoli
doing a meaningless taper, markets crumble, and at the same time Preezy Idiot
Boy puts the “U.S. of China” on total lockdown [again] over the flu, and 1999
repeats itself in glorious wonder … and if that’s the case, the “Plunge Protection
Team” [PPT] is gonna be real busy come September & October, and they better
get some more power for the CNTRL-P machine.
One thing is crystal clear today, and quite frankly the entire week … Turnkey’s
scumbag LP’s, whoever they are, aren’t going to allow you to scalp the “Stock
Bellies” like you want, cuz slippage is far too great … plain & simple, they are
going to make you pay … by their reasoning, scalping is reserved for them, not
us and not you! … maybe, and it’s a big maybe, but maybe EURUSD or USDJPY
you can do it without too much damage in slippage, but in the volatile “Stock
Bellies” you can “fugetaboutit”!
At Noon in New York, and with tapering now a foregone conclusion, at least as
far as the gold market is concerned [$-40+!], you’d think there would be better
ranges … uhhhh no actually … meanwhile the DAX30 is stuck in mud and doesn’t
care, with a pathetic 85 index point range, more than 50%+ below its 20 Day Range
MA with Europe now closed for the day … one of the worst trading sessions in the
DAX30 in the European session I’ve seen in a long while … meanwhile, back to
“Stock Bellies” in the U.S. … if gold is right, and I think it is, the NDX100 is gonna
be the index hit the hardest by tapering and/or higher rates [right along with
minorities & women] … they might not actually raise rates, but they sure as hell
will talk about it alot, and today’s action if confirmed by September’s jobs
numbers, means September & October are gonna be potentially “rough” months
for the indices … HAS THE BUBBLE PEAKED? … probably not cuz the FED will
order more helicopters to throw money from and CNTRL-P will continue forever
until the revolution that sees heads separated from shoulders … but until the
SP500 & DOW30 start getting “whacked”, Spicoli won’t panic and return to
opening the spigot in a big way, cuz the ONLY indicator the FED looks at is the
SP500 … everything else is either a LIE or complete bullshit.
I came into today fully ready to trade for “The Syndicate” … money transferred
successfully, and looking at the DAX30 since the European open … well thanks
a lot DAX30 for doin’ “Nuttin’ Honey”! … now that we’re ready to go “full speed
ahead” and leave the crypto alt-coins behind cuz they ain’t doin’ Mr. Jack Squat,
on Sunday’s blog update I’ll have complete details where “The Syndicate” stands
money wise … in addition to that, today’s close will see me take off in the
“MODEL PORTFOLIOS”, our positions in gold & silver, and quite possibly
entering new positions in ETHUSD … we’ll see.
Only one algo buy signal in the NDX100 today … TURNKEY PAMM DOWN
SLIGHTLY.
Quite frankly, my earlier comments about scalping the U.S. “Stock Bellies” is a
direct result of today’s action … got screwed royally via slippage getting in and
they did us no favors getting out … and from where I sit, I couldn’t have timed the
trade any better BUT IT MADE NO DIFFERENCE … and so, going forward into next
week, it’s pretty clear some adjustments are necessary, and my positions need to
be longer in scope and not scalps .. I’ll call that short day trades, but not scalps,
unless it wants to rocket right after I get long … I used to trade like this all the
time, so the adjustment is an easy one, it just requires a slightly longer time frame,
and given the nature of the LP beast, it’s either do it this way or hand them money
everyday … thanks, no thanks. Hand in hand with that is moving back to the
DOW30, simply cuz it’s the most volatile index … yup, I got to deal with slippage
and other horseshit handed to me from the LP’s, but I don’t see any other options
going forward … cuz quite frankly, given the nature of where the FED is at, the
propaganda that is gonna fly these next weeks and months, out of the 3 indices
in the U.S., the NDX100 SHOULD suffer the most … likewise, the DOW30 stands
to suffer the least cuz of all of the financials in the index that benefit … and since
we’re basically in the “94/6” or “97/3” paradigm, I want to be where the up
moves are at.
Into the afternoon in New York, and this is pathetic … IMHO, I’m leaning to today’s
jobs report being a somewhat “ringing the bell at the top” moment for the “Stock
Bellies” … at extremely stretched ATH valuations by any metric in history, and with
the retail public LONG “STONKS” OUT THEIR COLLECTIVE ASS, the next few
months has the potential to be extremely “rough” … and one look at what’s
happening to gold, and nobody there is hanging around while they get cut up into
pieces one paper cut at a time in the days / weeks / month ahead … yea, I know,
inflation, but it’s in the market already for metals … ain’t no place to go but down
or sideways, so why hang around? … and it won’t take much of a “pin prick” to
get things rolling lower … could be all wrong, but I don’t see anybody stepping up
to the plate today buying “Stonks” cuz of wonderful jobs news … think, what does
that tell you? … for the Dollar, I would expect FX to go lower, but we’ll see … in
any event, given today, I think it makes sense to be back in the DOW30 comes
Monday for the PAMM, cuz it has the largest potential to go higher with the
largest ranges … unless the talk of “taper” is all bullshit, I can’t see how the
NDX100 benefits … next up is Jackson Hole, where Spicoli will have a chance to
lie out of both sides of his ass, and try and placate a stock market not to go down
… this should be some high wire act of comedy!
For “The Syndicate” today, no trades … the DAX30 simply terrible trading action,
with nothing behind it even after the jobs report … so, not really anything to do
… until Monday!
Blog update on Sunday … outta here … “the future looks so bright, I need
sunglasses”! 😎… Onward & Upward!!
-vegas
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