It ain’t just the poor lion that can’t get a meal … from ZH yesterday, the link below
describing the JPM trading desks.
https://www.zerohedge.com/markets/jpm-trading-desk-frustration-everywhere-
traders-feel-they-cant-get-anything-right
Maybe tomorrow can bring some clarity with the NFP report … enough at least to
give us some good algorithm trades … sure ain’t gettin’ ‘em today.
The “Trading Ratio” [TR] actually pretty decent today in the DOW30, with most of
the readings around 8 - 10 … problem is, it ain’t going anywhere … quick spikes
up, then just as quick spikes down, leaving alligator parameters, even on the 10s
chart, a big bowl of spaghetti … not surprised really, the day before an important
NFP, but regardless there isn’t anything you can do with a 90 index point range
over 6+ hours, that’s nothing but a wicked “Flying Wedge of Death” [FWD]
… wrapped around price directional HULL EMA’s, like bacon wrapped around a
weenie … meh, welcome to “Stock Bellies”.
No trades today, cuz there’s nothing to do here … and if it does break out and
run? … well, if you’re on the wrong side of that, there’s no way you make it back
unless you get extremely lucky … “luck” is not a trading plan. So onto
tomorrow’s shitshow circus of made up numbers from the Math Whiz Kids at
the Dept. of Unicorns & Fairy Tales come 8:30 AM EST.
… outta here … “The future’s so bright I need 2 pairs of sunglasses 😎😎, and
my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
No comments:
Post a Comment