You somehow think it’s bad now? … just hang on to your “big girl panties” and
wait for the immediate future … what Preezy Idiot Boy has laid bare for all the
world to see [HINT: incompetence, moral weakness, corruption, & plain old
stupidity on steroids], especially our enemies, will usher in a new era of
negative “Black Swans” none of the “smartest people in the room” will swear
they had any idea could or would happen … I’ve been saying for months, since
the election was STOLEN, that this Assclown & his “Manchurian Candidate” VP
[who btw has disappeared cuz according to “sources” she ain’t taking the
blame for any of this Afghanistan shitstorm] would bring nothing but
DISASTER & INCOMPETENCE to ordinary people in the U.S. … how do you like
high inflation Sheeple? … medical authoritarianism? … sky high gas prices?
… open borders? … sky rocketing crime?
Just wait, it’s gonna get worse by any metric you want to choose and hide
behind.
FED chickens coming home to roost! … now, VIX is exploding cuz for weeks
the Dimwits at the FED have kept a tight lid on volatility in order to protect the
“Spoos” from dropping … hello Preezy Idiot Boy and his bumblings, and
suddenly sentiment shifts like a 9.0 Richter scale earthquake, and the sell flows
which have been tightly controlled up ‘till now becomes a raging tsunami they
can’t stop … and if you’re somehow thinkin’ the “Plunge Protection Team” [PPT]
is there to stem the tide and sop up the selling, you couldn’t be more wrong
… they don’t sop up Mr. Jack Squat, and instead wait for the sell flows to end,
and THEN THEY COME IN WITH BRUTE FORCE and bid the “Stock Bellies” higher,
and in the process make you look like an idiot for selling the break … the SP500
[a/k/a “Spoos”] getting monkey hammered overnight in the Asian session and
carrying over into the European session, and what makes this break tough to
judge are 1) we just came off of new ATH’s and people are long out their
collective asses, meaning margin calls are a real possibility, and 2) tomorrow is
OPEX [options expiration] and the selling from negative gamma could make this
break a whole lot worse than it might otherwise be … we’ll see.
I will note, that in retrospect the last few days has NOT seen Chipmunk buying at
the NYSE open, which I find interesting cuz of the immediate shift in
investor / trader sentiment due to the Afghanistan debacle … which as previously
noted above, and in some respects, is the start of the “Black Swan” events
… just listen to the high powered Elites, whose hubris & arrogance knows no
bounds, and their feeble attempts to tell anybody who will listen, that they had
no idea this would happen, and you can’t possibly blame them cuz the dog ate
the homework! … “oh, and I’m still an “expert” and don’t question my Ivy
League credentials or my common sense, cuz I’m smarter than you and don’t
you forget it! … now onto something much more important like diversity &
gender issues”! … meanwhile Vlad & Xi are taking notes and LOL, at feckless
& idiotic leadership, and you wonder why the “U.S. of China” is in deep,
deep trouble?
Welp!, careful what you wish for cuz you may get it good & hard … and today
sees the “Spoos” go from “lazy hazy” a few days ago to bat shit crazy [BSC]
today, almost but not quite as frickin’ nutso as March 2020 … almost, just a few
notches down from that clusterfark … and right on cue, at the criminal NYSE
open here comes the PPT to save the day and protect guys like Bezos & Gates
from losing some of their precious billions … not that it will help much in the
scheme of things, cuz a quick glance around the world and “growth” of ANY
economy is an illusion, and of course whaddaya gonna do with the village idiot,
Preezy Idiot Boy, besides keeping him locked in his basement eating pudding
and doing a jigsaw puzzle? … and then there’s the Faculty Lounge Lizards at the
FED, who are one step away from making the same mistake Greenspan made in
1999, which is to tighten into an economic slowdown that led to the NASDAQ
COMPOSITE going down some 70% … ahh, good times!
There is one good positive event out of this chaos we’re seeing in “Stock Bellies”,
and that’s the fact that I didn’t have to wait long to find out if Turnkey’s LP in the
SP500 CFD was any good or not in an above average volatile market … meaning,
am I gonna get “mugged & raped” on my fills in this clusterfark? … cuz if it’s
gonna happen, today is the day to find out … and lo & behold, I’m quite happy
with our fills today in the PAMM … still doing very light volume, cuz I don’t want
any surprises … I give ‘em an “A-” both for entry & liquidation, and given the way
the “Spoos” were flying earlier, suffering only 0.1 index points slippage is
completely acceptable … now it’s time to see if it’s that way in the DAX30 come
tomorrow’s European open, where lately [last few months] the index has
maintained good behavior and not done wild shit … so we’ll see how that goes,
cuz quite frankly I’d rather trade the DAX30 in the “wee hours” when its cash
market is open, and then the SP500 when the NYSE is open … and if everything
goes OK, I’ll slowly increase my volumes to where I wanna be.
I don’t even know what to say about gold … it flies in Asia cuz of the
Chuckleheads, but then dies in Europe and of course New York … ranges aren’t
that bad, but if you “look under the M1 hood” you’ll see really terrible trading
action … speed of light for a few minutes, and then crickets for hours, meaning
the only thing making this shit go up/down are bullion banks fading spec order
flow, and if the order is big enough, front running the shit out of it … and then it’s
back to the yo-yo bullshit of rinse & repeat.
FX showing some life today, but when you consider it took the “Spoos” melting
down, it’s not really that great … at the London Fix, Cable with an approximate
107 PIP range, EURUSD about a 50 PIP range, and USDJPY comes in around 74
PIPS … better than what it’s been lately, but that bar isn’t very high … still, better
is “better” and take what you can get before it dies again!
We’re heading into the New York afternoon, and it’s readily apparent nobody
wants to challenge the PPT today, and “Spoos” are drifting higher in a very
slow trade … tomorrow is OPEX, so that’s gonna make Friday a clusterfark,
especially in the afternoon.
There were multiple algorithm buy signals today, most before the NYSE open
which I didn’t want any part of cuz of the heightened volatility, and very few after
the PPT blew the shit out of shorts … still, we did one algorithm buy signal in the
SP500 … TURNKEY PAMM UP SLIGHTLY.
As I stated previously, tomorrow sees whether or not the DAX30 can fit into my
trading plans or not … if we get the decent good fills I’ve gotten in the “Spoos”,
I’ll be ready to up volumes and the PAMM will be back into the swing of things
going forward … the trading algorithm is exceptionally good, and with tight
spreads and little to no slippage, even with subnormal VIX, the PAMM will be in
good shape and making money like the participants in “The Syndicate” … too
bad it takes this long, with endless bullshit from Turnkey in the process of getting
somebody … anybody! … that’s an LP to realize you make far more money when
you are “fair & honest” than you do with “scumbaggery” … knock on wood it
stays like this, but in the meantime you have to give them credit for eventually
doing something about it … overall they’ve always been very good to excellent in
FX, but with a new emphasis on world indices, it appears for now they got some
LP’s that are doing a good job being LP’s, instead of the bullshit in crypto where
they mask themselves as LP’s, but are really “market makers” looking to clean
your account out.
Over in crypto, a slow motion train wreck, as DOGEUSD sees a very tight range
for the day, and well within the range of yesterday for an “inside day”
… yesterday seeing a “spinning top doji” on the daily chart, and today it’s simply
a smaller version of that … No trades today for “The Syndicate”, cuz there’s
literally no movement and nothing to do … go figure.
Finally this for the day, a little black humor that rings true to form, directly below.
“I dunno, since I’m removed from the suffering I see the humor cuz of the idiocy
of Gubermint … on the other hand, I wanna cry cuz it’s “too true” and about to
get much worse”! … but for now, I’ll LOL!
… outta here early … “the future looks so bright, I need
sunglasses”! 😎 … Onward & Upward!!
-vegas
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