Old, demented pervert yelling at clouds … this is “Taliban Joe” … that speech he
gave the other day in Georgia was literally embarrassing for a national figure
… granted, everybody knows he’s a complete “fuck up”, but even for him this goes
to a new low … the new talking point meme now is, ‘agree with me on everything,
OR you’re a racist, white supremacist, domestic terrorist, science denier,
anti-vaxxer, and YOU should be in an official FEMA internment camp”! … go
ahead, Creepy Uncle Joe, keep talking ‘till the mid-terms … get ready clouds,
there’s gonna be some real faux anger directed at you!
And while the nation goes down the rat hole ever farther each day,
“Casino World” [a/k/a financial derivatives markets] goes to even greater heights
to keep you distracted from the moral & societal mess caused and created by
Libtards … and cuz I know you got a sense of humor along with your twisted
gut that gets wrenched each time these “Loons” do something completely insane,
word comes that the “Boston Bomber” finally got his Biden “Stimmy” check for
$1400 from the Gubermint … yes, words escape me describing how i feel about
this, other than it’s “par for the course” for Libtard insane policies … simply a
metaphor for all they do.
Well now, Clarida leaving the faculty lounge a couple of weeks early, cuz of his
“controversial” stock trades as he sat on the FED board directly influencing
policy decisions that of course will affect the stocks … no big whoop, just
another Apparatchik “gaming the system” … he’ll lay low for awhile, then end
up at some scumbag bank with a fat 7 digit consulting agreement … this is the
“quid pro quo” they all engage in, and the corrupt financial MSM will not report
on it when it eventually happens … still believe markets [cough, bullshit, cough]
are “fair & honest”?
“Plunge Protection Team” [PPT] on the criminal NYSE open … nothing says
expand the bubble even more than collapsing industrial production, dismal retail
sales, abysmal consumer sentiment, soaring inflation, more lockdown fever to
kill small businesses, and rate hike Heaven if you believe the FED Lounge Lizards
and rate hikes are coming … what an absolute frickin’ joke seeing sky rocketing
“Stonks” prices into this clusterfark via the CNTRL-P machine that goes “Brrrrr”
24/7/365.
Turning to our 2 markets today, ETH & crude oil, they are extremely
disappointing … ranges continue to fall every single day, and while you can
excuse that to some extent in oil cuz it’s January, and the entire Pacific Rim takes
practically the whole month off to party [this year no different than 2020 & 2021,
where ranges were awful], things are guaranteed to pick up in oil once the clock
turns to February … so there’s a very good probability it’s seasonal in nature
… you can’t say the same about ETH … I don’t even recognize this pair from prior
to the new year … what pathetic animal is this? … again today, into the New York
afternoon with almost 20 hours of the day gone, and ETH has a range of about
$125 [up, down, up], and the scope of the m1 ranges simply pathetic … is this
corn spreads or is this crypto, cuz what I’m seein’ is corn spreads? … and after
the breaks, where’s the rallies that crucify the shorts? … right, they ain’t there!
… break $50, rally $7 ain’t gonna cut it with a $2+ spread … a spread I’ll remind
you that can jump to $5 - $8 pretty “Hoover Dam” fast on any move up / down
… quite frankly, unless things change real soon, like next week, ETH needs to get
its ass in gear as a crypto pair or else it’s gonna get jettisoned out of markets I
trade for the PAMM … hell, I seriously don’t recognize its trading action it’s so
bad! … bad made possible more than likely by the new “forced liquidations” put
into effect at the major crypto houses, and have filtered down … IMHO, a lot of
people either are or have given up on the 2 big dogs, and have migrated to the
alt-coins … a good metric to use as a guide to tradability is to take the 20 Day
Range MA and divide it by the usual bid / offer spread + gas fees … that number
will give you a good idea whether or not the pair is tradeable or not. For ETH,
that is 195.8 / $2.50 = 78.32 … For ADA, that is 956 / 9 = 106.2 … looking at dollar
moves versus ticks, and ADA has a 30%+ advantage OVER ETH … where in ETH
the 20 Day Range MA is falling, and in ADA the 20 Day Range MA is rising, so it’s
consistently getting better in ADA … and oil just drifts higher with very
miniscule breaks every frickin’ day in the U.S. session without end!
… simply unreal.
Quite frankly, I don’t care the price level of oil, what I care about is how it trades
… and outside of some very tepid breaks, this stuff refuses to break in the New
York session, although today when the NYSE opened there was about a 50 cent
break … and that was it, cuz from then on it’s the walk up the hill straight … and
this is NOT what a trading market looks like … sorry, it isn’t … but like I said, it’s
January and you have to cut oil some slack cuz of the seasonal being dreadfully
slow … so I’m still hopeful oil can fit the bill … ETH does bother me cuz I think
there might be some structural changes that won’t be very good … we’ll see … the
U.S. “Stock Bellies” at Turnkey are a joke of slippage and thievery … I understand
tiny / small slippage cuz markets move, but the DOW / SP / NDX offerings they
have are the worst indices trading I’ve ever seen anywhere … however, the DAX40
is a different animal … while far from perfect, it’s about the only hope the PAMM
has to see indices trading that doesn’t mug, rob, and rape us blind while giving
halfway decent VIX on most days … historically, the slippage I’ve experienced
over the years in the DAX market has been minimal, even with Turnkey … the
issue here has been the spread, and the sometimes “bait & switch” bullshit the
HFT LP pulls every so often … currently the spread spends most of the day
between 0.9 - 1.4 index points, which is competitive, but if it blows up I leave the
index alone … point is, with ETH going into ICU slowdown, and oil not doing
Mr. Jack Squat [except go up!] in terms of trading, I’m not willing to sit here and
watch paint dry while these 2 figure the fuck out what they’re doing … so, come
Monday if things are slow in both ETH & oil, right from the get go at the
European open I’ll trade the DAX40 and go with the algorithm signals.
No trades in anything today … the PAMM for obvious reasons I’ve already written
about above, and ADA very slow today post a few hours after the European open
[about a 500 tick range for 11 hours, which isn’t very good], spending most of
its time dinking around and following ETH up / down in chop … ughhhhh!
Blog update on Sunday … outta here … “The future’s so bright I need
sunglasses”!!😎😎 … Onward & Upward!!
-vegas
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