One of the sickest trading days you’ll ever see, as the world waits for tomorrow’s
wholly made up, quadruple seasonally adjusted, and inspected by Math Whiz
KIds at the Department of Unicorns & Fairy Tales, the latest CPI inflation numbers
… that they are completely fabricated to hide inflation at every turn, I don’t know
of anybody that takes this number seriously, simply cuz they vastly UNDERSTATE
the true level of consumer inflation … “but hey, government work and all that,
and you got your answer … what a frickin’ joke”.
Today is like Christmas morning opening gifts for the scumbag banks & HFT’s
… freebies galore! … somewhat widened spreads, and of course extra slippage to
make sure they get theirs on low to non-existent volume and liquidity … as I’ve
said before, if you want to know what you’ll pay for a spread, just watch any pair
for 5 minutes and look for the WIDEST SPREAD you see … that will be your fill
GUARANTEED, with maybe a sprinkle of slippage to make it even more special
… front running orders and running stops a specialty of day’s like today, and if
you think you can beat the bank to the punch, I got some sad news for you … they
operate in nanoseconds, you operate in milliseconds … game, set, match.
And since we all know how “fair & honest” these scumbags are, another
“coincidence” at the London Fix, where wasting no time, it’s time to race north
for 100+ index points in the DOW30, in 14 straight minutes, where I’m sure the
front running got pretty hectic … screw Europe again … wow … so many
“coincidences”, like the 49th millionth time … but hey, as long as the POLS,
Apparatchiks, & regulators get their “skim” cut from the banks, who cares? … all
of course inside a ridiculously tiny range, whose only purpose is to kill all
accounts in rapid fire succession … surely the DOW30 range has to expand,
right? … looking at the m5, and the chart looks like a bowl of spaghetti thrown up
against a wall since the NYSE open … not to put too fine a point on it, but it’s not
like this was wholly unexpected, given the importance the markets are placing on
tomorrow’s CPI print.
Meanwhile over in gold, which I’m watching concurrently with the DOW30, this
market just crawling along well under its 20 Day Range MA … of course, why
should it be any different than any of the others … JPM leading the way with their
criminal precious metals division, front running futures and setting off stops, all
the while “spoofing” a market giving the middle finger to anybody that doesn’t like
it … regulators, where are you? … “oh that’s right, you’re part of the problem so
never mind … get your cut and disappear, nothing to see here Sheeple”! … in
other words, gold doing nothing … tried to scale 1800, most likely to trip off buy
stops [which they did and sold], but that spec journey failed spectacularly and it’s
been the fat kid slow walking down the hill ever since … ughhhh … another dead
market today.
All we need now in either of these 2 markets is a move somewhere … up / down, I
could care less, but we need movement … we sure as Hell haven’t gotten that over
the last few days … daily charts so far today look like “smudge” marks from a pen
or pencil … now at Noon EST, who’s gonna shove any of this dog poo one way or
the other the rest of the day? … now into mid afternoon, and have you ever seen
anything more pathetic in terms of trading action, than what you’re seeing now in
the DOW30? … Christmas Eve is more volatile … laughable, waiting for numbers
tomorrow nobody in the world believes is accurate in the slightest … “Hail the
casino, long live the casino”!
I feel very good about both gold & DOW30 going forward, as both exhibit some
very good definable trends on the 10s Netdania candlestick chart on the
turnaround off corrective trading action … much better than anything in the FX
sphere IMHO … like I said, all we need now is movement, which will come soon
enough starting tomorrow.
No trades today for obvious reasons … into the mid afternoon of New York, and
the DOW30 has a 209 index point range [so far] … if this holds, “the” tightest
range of 2022!, that’s how bad it is … the 20 Day Range MA is right at 500, so that
right there will tell you just how far of a sigma miss today is … gold a little better
with an approximate $17 range, but still well below its 20 Day Range MA of about
$24 - $25 … the 2 critical keys for both markets here are 1) the alligator
parameters need to be separated and NOT jumbled together on top of each other,
and 2) when you get that kind of corrective action, the buy signal comes when
yellow crosses red for aggressive traders, and when yellow crosses BOTH red
& aqua for more conservative traders … and given the way both markets usually
trade, you’ll get the “spaced” alligator parameters on a corrective move lower
plenty of times during the day … like I said, much better IMHO than anything in FX,
which is a garbled mess about 90% of the time for the alligator indicator.
Onto tomorrow’s hot mess of inflation propaganda … outta here … “The future’s
so bright I need 2 pairs of sunglasses 😎😎, and my own Brinks armored
truck” 💓!! … Onward & Upward!!
-vegas
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