Yields higher [bad], inflation not going down [bad], AMZN with horrible earnings,
revenue miss [bad], and even worse guidance [bad] … so natch, “Stock Bellies”
melt up today with nary a break, put in another massive range to the upside, and
the DOW30 is up 6 days in a row on pure FOMO, up 3,200 index points on a
“hope & a prayer” that Spicoli “pivots” with rates come Wednesday … if there
ever was a “buy the rumor, sell the fact” this would be it … dunno what happens
Monday, Tuesday, or Wednesday up to 2 PM EST, but if the Lounge Lizards
disappoint look out below … this is ridiculous, this is “stupid on steroids”.
Meanwhile FX looks confused as I’ve ever seen it, subjecting itself to reversals
& double reversals on smaller ranges, and yo-yo-ing up/down in smallish “Flying
Wedge of Death” conniptions of spikes from Hell, followed by enormous laughter
from scumbag bank LP’s gouging and front running order flow … the entire space
now a bag of flaming dog poo.
You can’t trade a market that goes straight up/down, unless you like pain
… don’t confuse brains with luck would be helpful as well, and if there isn’t any
corrective activity worth a shit, you sit … again, this is stupidity on steroids,
something “Stock Bellies” are want to do more often than not, and with CTA’s &
hedge funds stuck the wrong way in hundreds of billions off wrong positions,
the gamma squeeze has got to be hurting … and the only solution is to
“buy Mortimer, BUY!!”
Crude oil back on track at Turnkey, so I’ll be moving over there for trades come
Monday … consistent VIX even when the range shrinks some from higher levels,
as this week has seen some really great algorithm signals … as always, it’s
always about the cost to trade it, and when it gets stupid you have to leave it
alone … I’d say that happens about 10% - 15% of the time with Turnkey’s thieving
oil LP’s, whoever they are [most likely a large HFT like Citadel or Virtu] … just
something we gotta deal with until I figure out a better oil trading solution, which
I’m working on diligently … when I got something tangible to report, my readers
here on the blog will be the first to know, so stay tuned.
No trades today in the DOW30 … this sitting is driving me nuts … I’m here to
trade, not watch paint dry … the algorithm is gold bars … in the DOW30 it’s not
cuz there weren’t any signals today, but the fact that there have been ZERO
decent signals after miniscule corrective activity … for 6 days in a row now, it’s
been straight up the wall with only very shallow breaks, that I don’t consider
good enough … crude on the other hand, if the cost to trade it is acceptable, has
CONSISTENTLY A GOOD AMOUNT OF BUY SIGNALS DAILY, NO MATTER IF
CRUDE GOES UP OR DOWN, OR IF THE RANGE FALLS BELOW THE 20 DAY
RANGE MA … it’s where I’d rather be given VIX, ranges, and profitability … FX
and “Stock Bellies” can’t hold a candle to oil on a consistent basis, and most of
the time market movement is of a “purer nature” that the whipsaw shit we
constantly see in the DOW30 with m1’s above 50 cents [which is retarded], and
sometimes over 100 index points in scope … I’m here to trade, not play craps or
roulette … not that oil can’t get bat shit crazy [BSC], cuz it can, but that is most
decidedly reserved for oil impacting news events [e.g., Russia invading Ukraine],
not normal routine trading … if a market won’t trade, or gets stuck in a range so
small to make it worthless, as today’s FX space showed, then screw ‘em … come
Sunday night I’ll be in oil, and unless 1) Turnkey gets completely stupid with the
spread, or 2) oil dies on the vine and trades like corn spreads, I’m staying in oil
cuz it gives us the best opportunities for profit during the day.
Blog update on Sunday, and I’ll be talking more about oil then … 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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