What we’ve “learned” from the Nutjobs surrounding “Taliban Joe” in “The
Swamp” over the last few days … 1) from Pete Butt-gag, roads are racist!
… 2) from the “Manchurian Candidate” VP, trees are racists and we need
“environmental justice” to solve the problem … 3) energy costs are skyrocketing,
and “Taliban Joe” pleads with the Saudi’s to pump more oil … the Saudi’s tell
“Taliban Joe” to go pound sand … “Taliban Joe” then wants to kill another
pipeline project making the problem worse, worser, & worser-er-er, and last but
certainly not least 4) if you ENTER THE U.S. ILLEGALLY “Taliban Joe” wants
you to have $450,000 … wait, WUT? … I’m pretty sure there are tons more I
could include to the list of insane events, but if this doesn’t prove beyond a
shadow of a doubt to you the “U.S. of China” is seriously deranged and run by
lunatics that have escaped “Taliban Joe’s” basement, than I don’t know what it’s
gonna take to open your eyes, wake up & smell the coffee … THIS IS WHAT
HAPPENS WHEN YOU PUT LIBTARDS IN CHARGE!
Well now, isn’t that special? … the U.S. is almost Venezuela … both economies
are total shit … Communist dictators running both … both a verifiable police
state … oh wait, I forgot, U.S. inflation is only running at 7% according to the
Gubermint … oh, how very reassuring that I can hang my hat on that “transitory”
bullshit that ain’t, and is running more like DOUBLE the propaganda spun by
Apparatchiks, who are more concerned that highways & roads are racist and
how can we solve this serious problem? … what a fucking nuthouse!
Turning to “markets” [cough, bullshit, cough], another day of a large sub par
range relative to the 20 Day Range MA in Cable/Yen, where since I hit my
screens earlier today after the European open, has done nothing but dribble
down, going forcefully once the PPI print came in … and now that Europe is
closed, another day where price action can die on the vine while New York
scumbag banks play the FX version of the “Comex Con Game” … I can’t make
it move up/down folks.
Over in crypto, DOT slowing down precipitously, while ADA [Cardano] breaks
out on the daily chart and goes “gangbusters” to the upside … meanwhile BTC
hits a new ATH over 68K, and the real news here is simply there isn’t much of a
selloff off that new high [so far, stay tuned] … sure, some minor “profit taking”
[thank you Bob Pisani, uber bull hack at CNBC!], but in the past the moves off
of a new ATH has been severe … not this time so far.
No trades today in the Turnkey PAMM … pre PPI print Cable/Yen couldn’t move
to save its life … post PPI print, it’s been pretty much straight down, and there
have been ZERO buy signals … so, it is what it is, nothing I can do about it
without some decent VIX, and once again the range today given the PPI print
literally sucked … onto tomorrow.
“The Syndicate” UP APPROXIMATELY 0.1% trading ADA today … not really that
great of a day, but money is money … and once ADA gets rolling it makes BTC
look like oat spreads, that’s how wicked it can get, and today it got wicked to the
upside first, and then collapsed back down … DOT pretty much tame today with
another sub par range, well below its 20 Day Range MA … I wouldn’t be
surprised to see DOT consolidate for a while between 45 - 55 over the next month,
and the 20 Day Range losing some of its high value … we’ll see … meanwhile
BTC hits another ATH and then drops some in afternoon New York trading … in
addition, I also wouldn’t be surprised to see ADA pick up some VIX going
forward, as it’s been a dog the last month … today’s action a breakout to the
upside on the daily chart, so we’ll see what happens in this pair … but
man-O-man, can this puppy ever move! … I’ll say it again cuz it’s true … crypto
pairs move more in 3 hours than all of FX in 2021 … don’t believe me, go do
the math.
… outta here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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