Both sides in the Russia / Ukraine clusterfark are at the border crossing of Belarus
for “talks” on ending war, and quite frankly whichever way the headline pops
[good or bad for financial markets], it’ll be fast & vicious … I’d like to think that
both sides know what’s at stake here, but the level of complete stupidity & hubris
knows no bounds, meaning a breakdown is entirely possible at any second,
even 3 minutes into the gig … and the war then rages on towards an ending where
nobody really knows just how ugly this thing can truly get … so who knows when
we find out? … and until then financial markets are walking on eggshells … just
watch any M1 chart, and you’ll know when it hits … we’re here to “trade”, not
play roulette “red / black” and get a free beer on a make believe lottery ticket
… and so, here from the European open, it’s time to “hurry up and wait”.
One thing I find telling, is that neither side sought or wanted the U.S. to get
involved and stick it’s nose into a place it neither understands or knows WTF
is going on … in other words, “soy boys stay home!” … quite the rebuff to
“Taliban Joe”, but simply the right thing to do … you want this solved, or do
you want it FUBAR? … the U.S. gets you FUBAR! … and just to prove to you the
U.S. government is functioning and hitting on all cylinders under the
“Taliban Joe” & Kammy regime, this headline article from ZH ought to erase
all doubt … the link directly below … read it and weep.
https://www.zerohedge.com/medical/fema-case-nuclear-explosion-maintain-
social-distancing-and-wear-mask
You simply couldn’t make this shit up and have anybody believe you, but coming
from “Hi, we’re from the Government and we’re here to help” division, at the
“Institute For Developmental Idiocy & Stupidity”, they tirelessly work for your
benefit … this country really is in trouble.
Before we get to the “Grade A+ Clusterfark” portion of today’s trading that starts
at any moment with a headline, you have to remember that “unexpected” news
headlines are ALWAYS a risk when trading, and there isn’t anything anybody can
do about that … this is different, cuz we know for CERTAINTY a headline [good or
bad] is comin’ down the mountain … get caught on the wrong side of this, and the
loss has the potential to be ugly … and quite frankly, it’s got nothing to do with
trading, only gambling, and it’s why I wait … there simply is no other sane choice
… reading the “tea leaves” of the “Spoos” this early AM in New York, I’d say the
market is expecting some kind of good news headline, and quite frankly
ANYTHING POSITIVE in a headline will get the “Plunge Protection Team” [PPT]
into the game to jack price higher … :Spoos” are drifting higher … it’s a risky
gambit to be sure, cuz if nothing comes of this meeting and war rages on, look
the Hell out below … after a brief run, trading action in the “Spoos” is quieting
down rather substantially, perhaps cuz players know we are getting
uncomfortably close to a blow out headline one way or the other.
Heading into the London Fix, and I’m somewhat surprised at the level of
bullishness in the “Spoos” … as if all the sanctions against Russia will only
affect Russia … no headlines yet, and I can only surmise the market takes that
as uber bullish, meaning they are talking and wheeler dealing into some kind of
agreement … with Europe closing and no news, either something comes real
soon, or it feels like the “Spoos” are set to explode once gain for the second
day in a row … unreal.
And then the “real soon” hits … talks will continue to a round 2, with both sides
going home and meeting again in coming days … but I think the “take away” is
Zelensky signing papers for Ukraine to join the E.U. … correct me if I’m wrong,
but I’d be shocked if Vlad agrees to that in any way, shape, or form … and as that
news is digested, the rocket ride from overnight that has seen the “Spoos” go
up basically uninterrupted over 130 inde points, suddenly loses altitude and
down goes Frazier … on the other hand, never discount the purpose of the
“Plunge Protection Team” [PPT], who will print and throw trillions at the indices
in order to prop them up … 2 days in a row we’ve seen this … and with that
news, and the fact that the range for the day is way past the 20 Day Range MA,
again I need to see price go down to an acceptable level before I take a buy
signal … and given the level of uber bullish enthusiasm for “Stonks” the last
2 days amid nothing but horrible headlines, tells me the market is vulnerable
… I mean, who’s left to buy besides the PPT?
Overall, looking at all the markets I have designated for PAMM trading, they all
today have modeled exceptionally well their respective trading action via the
trading algorithm … now that we know these so called war talks are likely to be
protracted, and there isn’t gonna be some surprise headline, simply cuz the
leaks around today’s talks were larger than the holes in a slice of Swiss cheese,
tomorrow sees normal trading and I won’t be holding back in fear of a headline
like today … now into the New York afternoon, with such a large range, and
having broken about 50 index points on that news of Ukrainian E.U. potential
membership, I’d expect “Spoos” action to be choppy at best, and maybe very
wicked at worst, with some heavy downside action possible, though not
probable … in other words, screw New York and it’s on to tomorrow.
One algorithm buy signal after the news broke … TURNKEY PAMM UNCH’D.
Entry into the signal saw us get filled horribly … and when I mean bad, I mean
bad … what a crock, but thanks Turnkey, your thieving LP’s are up to the task
once again … and using the trading barometer I’ve always stuck by, which is,
“when fucked by Turnkey on a fill, all that’s left is to scratch the trade and start
again with another signal, cuz if you hang on you’re likely to not be very happy
with what happens next” … and that’s exactly what I did.
Meanwhile, over in crypto, BTC finally explodes the range to the upside
… multiple trades today for “The Syndicate”, and we’re up about 0.1% … not
much to hang our hat on, but the trading action at times today was unusually
wicked … would be nice if BTC can keep the MOJO going … we’ll see, cuz on
the whole the alt-coins were disappointing in their ranges.
… outta here … “The future’s so bright I need sunglasses”!!😎😎
… Onward & Upward!!
-vegas
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