“Enjoy the next 6 months ‘Murica!!”
Yikes! … It’s even cold down here in the Caribbean … got down into the mid 70’s
last night … think I caught a chill, now that I have turned into a warm weather
Weenie … but hey, for most of ‘Murica, you got the next 6 months to dream
about mid 70’s … and that cold snap coming down from Canada is always so
pleasant, isn’t it?
Natty Gas sharply higher this morning cuz of the arctic blast hitting the Midwest,
although why anybody should be surprised colder weather is coming in
November is beyond me … it’s not called winter for nothing … and the sharply
higher open is met with some selling, and the market is chopping around doing
relatively little trading in terms of price given the news … and from the looks of
things, trading conditions are going south as time marches on … from Friday’s
low, price up approximately 20%, which is gigantic … very tight supplies
coupled with dealer panic over a 6 - 10 day weather outlook in the U.S. Midwest,
where gas has its highest usage … however since last night’s open in Asia, it’s
been a disappointing trade IMHO … and for today, only about a half hour around
the NYSE open sees Natty gas act like there’s a cold snap coming … other than
that, its been nothing but algorithm sell signals, something I’m not want to do
when there’s a distinct possibility the weather could be worse and price shoots
higher still … watch the FOMO panic then as Winter approaches!
I’m still not looking at oil until I get some answers from “SLIPPAGE FX”
[a/k/a Coinexx / Turnkey] … a “we’ll call you back within 24 hours” was 5 days
ago … Oil is an excellent market via the trading algorithm, however until I get
some answers as to why we got mugged and raped on 2 oil fills last week, and
what they’re gonna do about it, I refuse to trade oil … nothing ever changes at
these bucket shops where the LP’s are nothing but crooks and thieves in coats
and ties … and I might add, the house doesn’t mind one bit cuz they get part of
the “loot” that the LP’s stole.
Quite frankly, it was somewhat of a surprise to see Natty Gas vault like it did at
Sunday night’s open … maybe, coulda, might get cold 6 - 10 days from now?
… and that’s good enough for a 20% orbital moonshot to the upside? … what
happens if there’s really some frigid weather like -20 or something along those
lines? … well, if you’re gonna react like this, isn’t a 37 cent daily range, and a
New York session range of 31 cents [so far] a bit paltry? … and to top that off,
trading action sees the infamous “Flying Wedge of Death” ]FWD] enter the picture
with plenty of sell action to the downside, only followed by fast & vicious spikes
to the upside, all inside a normal range but what seems like it’s rather smallish
given the news and market reaction … shouldn’t that market action be reversed?
[price climbs over time with quick spikes lower] … it is what it is, so we deal with
it, but this lack of follow through from the open should be disturbing for longs.
Today also sees spreads blowout at times, not at all surprising given the sharp
move higher in price … trading action doesn’t call for it, but that won’t stop
greedy pig LP’s from uttering their famous line of “Duh!, market conditions,
Duh!”, as the usual Standard Operating Procedure [SOP] response to their greed
… as such there were times today Natty Gas was untradeable … mostly back to
normal now, but it is unsettling to see.
Oil was the trade today, much better than Natty Gas … better range and trading
action, and the algorithm signals, both long early and short after “Stock Bellies”
opened was excellent … no trades today as Natty Gas was screwed up from the
get go … if “SLIPPAGE FX” responds later today, I’ll give oil consideration to
trade 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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