That little speech yesterday, after his handlers changed his diaper and wiped Jello
from his chin, was the most bone chilling piece of propaganda I’ve ever seen
coming from the “Deep State” … it was an eye opener on so many levels, and
revealed in stark detail the hubris, arrogance, incompetence, and stupidity of
‘Murica’s self anointed Elites … what a disaster … and btw, if you know anybody
that’s in Taiwan, I’d advise them to get a plane ticket out ASAP to anywhere
… not tomorrow, NOW!
“Markets” [cough, bullshit, cough] for now are mostly ignoring Preezy Idiot Boy’s
debacle … but for how long, when other dominos start to fall as a result of this
moron’s idiotic decision making? … the fallout from this can ONLY result in
heightened tensions between Vlad & Xi versus the U.S., cuz they look at this
Doofus and see only weakness & stupidity they can take advantage of and exploit
… as a result, this is not good for the economy, nor for the country as a whole cuz
it could lead to WWIII when said actors above push Preezy Idiot Boy into a corner
and make him blink hard … then what? … “can’t we just be friends”? … this guy is
truly the most inept Preezy since Carter, and that says a lot, since Carter was a
disaster … the only other human more inept than Biden is his “Manchurian
Candidate” VP, who 99.9% of the time looks like a deer in headlights … what a
dangerous clown show, and as I said yesterday, why would anybody … literally
ANYBODY! … outside the U.S. ever trust anything a U.S. POL says … “sure, trust
us”! … 50 years of back stabbing supposed “friends”, only at crunch time to throw
them under the bus … go ask the Shah of Iran’s family what they think of U.S.
POLS, or any number of others who got rolled over cuz the U.S. changed their
mind … “oh, so sorry, you don’t matter anymore … cheers … bye!” … and now
the Afghans get their turn to feel betrayed by the wonderful folks in the U.S., cuz
Preezy Idiot Boy doesn’t give a fuck anymore, and besides we’re leaving … and
then there’s the military, where the head of the Joint Chiefs is more worried
about “diversity”, and other SJW bullshit, than what the military is supposed to
be about … and that’s killing bad people and breaking things! … and trust me,
you haven’t seen the last debacle with this crew yet either!
Retail sales & a Spicoli speech today are the main drivers of trading action
… “Stock Bellies” lower on China soft economic news and of course COVID
mutations in New Zealand & Australia, where both police states think curfews
and people huddled in houses will defeat a virus called the FUCKING FLU! … it
won’t, but tell that to the “Little Joe Stalins” lurking under every rock in politics
the world over … what a bunch of fools!, and the Sheeple go happily along for
the ride to hell.
Looking at markets today, I may have been wrong about gold … perhaps it isn’t
“dead money” after all? [Nope! … sure doesn’t feel “dead”] … and it doesn’t look
like it from the charts either, where after last Sunday night’s “Rally Protection
Team’s” [RPT] manipulations to the downside to bailout scumbag bullion dealer
banks short positions and also to screw spec longs, gold has done nothing but
go up … and rather aggressively at that given the scope of the FED’s intentions
of wiping the bid side of the order book clean and sending a “message” to the
market … well, the “market” got that message, and they say thanks for the free
money, please come again with your patent stupidity! … and I’m pretty sure it
wasn’t only specs who piled in, there were most likely some central banks as
well … the lesson here is clear, and that’s to not be in a position over the
weekend and going into the Sunday night session … if they want to do
“stupid shit” let them, there will be plenty of people who tune in just to see if
that’s the case, cuz the morons at the RPT ALWAYS do their manipulations either
Sunday night before Asia opens, OR right at the New York open between
7:30 AM - 8:30 AM EST … I’m putting gold back onto the mix for the PAMM to
trade, cuz it’s not dead.
It’s pretty clear to me, that while sometimes Turnkey’s LP in crypto has good to
excellent spreads, let either BTC or ETH move at all up/down, and this changes
very quickly … this is pure “bait & switch” and is bullshit, and as I told them on
the phone, you’re NEVER gonna get people here to trade crypto with this kind of
LP scumbaggery … and so good luck realizing ZERO trading revenue from
crypto … and quite frankly, I don’t think they give a shit, crypto is something
that’s there to suck in the unwary and they don’t really care … so going forward,
maybe I trade some crypto but more than likely I won’t simply cuz it’s a ripoff
when they do this … on the other hand, I was pleasantly surprised at what they
are doing in the SP500 CFD … we’ll see if this holds up going forward.
Well, here we go again with very disappointing econ news, this time retail sales
misses “bigly & yuge”, but so what? … SP500 sells off for 3 minutes and then the
BTFD crowd steps in and can’t get enough … it’s maddening, but you really have
to ask yourself, “what’s it gonna take to get any of the “Stock Bellies” indices to
break for more than a handful of minutes to the downside, and can there ever be
another break that matters? … sounds ridiculous on its face, but every single
frickin’ day it’s the same story … market can’t break so it rallies … and the daily
charts bare this out in spades … until one day the FED either fucks up
“bigly & yuge” or QE stops cold in its tracks, and then the question becomes
moot, cuz nobody holding will have a chance to get out … some market, huh”?
Quite frankly, I’m at a loss for words as to why the SP500 isn’t down 50 - 100
index points given the news flow … utterly amazing is all I can say, the level of
complacency & lack of any outward appearance of risk by those maintaining
long positions up here at nose bleed levels … it’s like there’s 3 or 4 minutes of
downward pressure for meaningless point declines, then it’s up, up & away
… crypto slowly melting today after recent runups, so that’s not entirely
unexpected.
Many times in “Stock Bellies”, the U.S. indices will reverse around the European
close at 11 AM EST … this happens a lot as European traders get trapped into
their close, and then when they’re gone, it many times reverses with a vengeance
… we’ll see what today later brings, but I’m having a very difficult time seeing
“Stonks” rally here given the very negative news flow on multiple fronts … and
if we get to within 90 minutes of the close, and then they start breaking, that’s the
time to back away cuz there isn’t any time left … to get MAX downward affect, in
strong bull markets it’s the late day moves lower that are killers … not predictin’,
simply sayin’, cuz this is the way it is.
Well, that escalated quickly didn’t it? … Europe closes and the SP500 finally starts
to break, and as we move into the New York afternoon the selling is picking up
… with ATH’s yesterday and the spec public LONG out their collective asses, right
along with CTA’s & hedge funds, this has the makings of being something on the
ugly side … as I’ve said before, markets that go parabolic either up or down, when
it’s over, it’s ugly the other direction … and one look at an SP500 daily chart and
you’re likely to get vertigo! … not sayin’ there’s a crash coming, but this market is
desperately in need of some corrective activity to the downside, and we’re starting
to get it today … this is one of those days that’s in the back “6” of the “94/6”
paradigm of indices trading, and quite frankly the entire day has seen very feeble
rallies that have been met with selling … the BTFD’s look like they got some
decisions to make as we go to the close, but never forget the
“Plunge Protection Team” [PPT] is always lurking in the shadows … that won’t
stop the selling, cuz that’s not why they’re there … they want every spec to die!
… look for them on weakness at or near the open, or t the end of the day in the
last half hour when most specs will have given up and sold.
As I said earlier, gold is back into the mix, but today disappointing in terms of any
real profit taking off the advance since Sunday night, and the range today sucks,
currently at $15, some $9 off its 20 Day Range MA … I don’t want to buy the SP500
today, and currently crypto [BTC & ETH] is not behaving at Turnkey with high
spreads … I’ve been looking for some kind of light selling in gold that goes
anywhere near its 20 Day Range MA, so I can buy on weakness on an algorithm
buy signal … so far NADA, it just won’t cooperate.
Well, the last 7 days of trading in the “Spoos” gets taken out in 3 ½ hours to the
downside … there have been some very tiny rallies, but nothing to really want me
to get long … no washouts, no sell stop frenzied rapes of orders that I’ve seen, just
a slow walk down the hill on constant selling since the Chuckleheads showed up
last night at the Asian open … it would be too easy to just blame the hapless
Preezy Idiot Boy and his lame ass speech yesterday blaming the entire world for
the Afghan disaster, but there’s a whole host of other criteria to blame as well
… today it’s coming home to roost … gold still showing no life as it works towards
its close … spreads in gold seemingly well behaved in the low 20’s [cents] and
the ranges have been good … just not today.
I’ve said before, the key to making great money in the “Stock Bellies” is to avoid
losing money on the back “6” of the “94/6” paradigm … doesn’t matter if you
make money, just don’t lose any! … do that and your shipload of cash is waiting
for you … so, like I said, after yesterday’s ATH close, and with the very negative
news flow today, the “Spoos” deserve a beating … and they’re getting it
… tomorrow is a different story.
No trades today in the Turnkey PAMM.
Gold wouldn’t move lower enough for me to buy … the “Spoos” taking the day off
from climbing higher … and crypto [BTC and/or ETH] saddled with unacceptable
spreads and really no good action from the European open except some down
moves in sympathy with the “Spoos”.
For “The Syndicate”, I traded … ready for it … I traded RIPPLE [XRPUSD] today,
and we’re up approximately 0.17% … like its brethren “big dogs”, some choppy
action, but still a few algo buy signals … just an OK day really given the overall
action in crypto, although some of the alt-coins like RIPPLE showing signs of life
and a pickup in VIX and ranges … let’s hope it continues this way.
Outta here somewhat early … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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