With the YEN interventions [Friday & Sunday night] as a major hint, the next
shoe to drop is the FED PIVOT coming Wednesday, when the Lounge Lizards
hint at slowing rate rises or consider “pausing” … and with all this bad economic
news, “Stonks” are melting up as people go FOMO … and the dollar is correcting,
which is long overdue, cuz with bad news comes lower interest rates on the 10
YR. Treasury and that spells FX rally … good luck FX shorts, navigating the weeks
and months ahead.
Of course, the bad news is that it’s another straight shot higher, a mini melt up if
you will with ZILCH corrective activity, and when it’s done it’s time for the “Loser
Formation”, a sideways bag of dog poo designed by the manipulators to not allow
you to make back losses today if you got caught the wrong way … and with the
midterms coming shortly, it’s all coordinated by POLS looking to keep their jobs,
although how anybody thinks Biden is a functioning human is beyond me
… unless they cheat, a distinct possibility, DEM Libtards should get massacred.
Now that the Idiots at the BOJ have blown $50 or so billion on interventions, if
bond yields do go down cuz of terrible economic conditions, USDJPY has a very
long way to go to hit the bottom of the YEN quarry in their Thelma & Louise
Pontiac … of all of the FX pairs, the unwind of YEN carry trades as well as
positioned longs has the potential to be chaotic and explosive … YEN could rally
much farther than either Cable or EURUSD, but it depends entirely on yield
differentials … I came into today looking at USDJPY, and the signals were better
than the others … One algorithm trade today in USDJPY … TURNKEY PAMM UP
SLIGHTLY … SHOULD BE A BETTER TRADING ENVIRONMENT at somewhat
lower levels tomorrow and into the end of the week, and next week sees the FED
on Wednesday … and they better hint at pausing or putting the brakes on rate
hikes, cuz if they don’t markets will get killed again, with USDJPY vaulting
quickly higher, and “Stock Bellies” getting mauled unmercifully
… onto tomorrow.
… 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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