Well, that escalated quickly, didn’t it? … let’s see, screw the longs, then screw
the shorts, now back to the longs getting buttonholed … seems perfectly normal
for an NFP, who’s only real function is to allow scumbag banks to steal money in
the first 10 minutes or so after the number is released … why should today be
any different?
The 10 YR. Treasury is sliding, thus USDJPY is falling … what, we can’t go up
every day? … see my shocked face … in any event, it’s gut check time for the
uber bulls in USDJPY as we approach 140 … can it hold? … and if not, where’s
the bottom Skippy, in a market that has about as much volume and liquidity as
“Beanie Babies” at a crafts fair … not a Helluva lot here to say the least.
Even before the criminal NYSE opened, USDJPY had slowed down to a crawl,
and now it’s in the “Loser Formation” of going straight sideways screwing
everybody … who knows how long this lasts? … “meh, just another unchanged
day!, albeit with ZERO VOLUME & LIQUIDITY, and if we closed here it would be a
“gravestone doji” on the daily chart … long way to the close, though, so we’ll see,
but trading action right now literally sucks, and I wouldn’t be surprised if it gets a
whole lot worse to the end of the day … an uneventful London Fix, where they
tried mightily to shove FX major pairs higher into buy stops, but just couldn’t pull
it off, and now we drift some more … quite frankly, this is disappointing, but not
unexpected, as trading into a 3 day weekend often times sees very muted flows
and interest … and outside of a little YEN trade action earlier, which disappeared
“el quicko mucho”, there simply isn’t anything here to hang your hat on, simply
cuz it’s nothing more than a scumbag LP bank PONZI SCHEME, where they
control the vertical & horizontal, know the order flow, and end up gutting specs
like fish … that’s where we’re at … not a pretty picture, just mindless
bullshit chop.
No trades today, cuz no corrective action led to further movement up … it’s the
“one shot & done” syndrome, and now it’s moving in the other direction in the
infamous “Flying Wedge of Death” [FWD] … can’t extend the pathetic range, cuz
there’s no volume from anywhere to support that … blog update on Sunday.
… 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