Well, it’s FED Lounge Lizard Day … and since yesterday was down all day over
the cliff to the tune of almost 1000 index points, natch today it’s up, up, & away
as position squaring hits “Stock Bellies” and shorts scurry for cover
… question is, how will Spicoli hurt the DOW30 today?
That escalated quickly didn’t it? … an almost full day of bullshit markets finally
go bat shit crazy [BSC], just like you knew they would … spreads in everything
blown to shit, natch … one can only wonder about slippage and just how bad it
can get … and down goes the DOW30 while USDJPY rallies 100 PIPS … all on
“expected” rate hikes and news … next up, the Spicoli presser, and let’s see if he
puts his foot in his mouth as per usual … another useless day highlighted by
casino markets, hosted and “pumped & dumped” by scumbag banks, who I’m
telling you always know what the FED is gonna do.
Higher rates for longer … and it’s what they been sayin’ for months now, much to
the chagrin of the BTFD crowd in “Stock Bellies” … meanwhile over in FX la la
land, spreads blown to shit there as well, and simply one ugly bunch of charts
… like always on Lounge Lizard Day, not much to do before the FED, and literally
nothing you wanna do after it, cuz if you do anything you’ll pay a very hefty price
… welcome to the casino.
I was hoping to get some trades in today in GBPJPY … the cross looks to be a
decent place to trade, given the propensity of idiotic and irrational spikes we’re
seeing way too often in the dollar pairs … as long as they all spike together at
least correlating to a high degree, you can at least escape carnage to some degree
if it happens … but as “SLIPPAGE FX” is want to do, even a full hour after the FED
announcement, the spread in Cable / Yen is a nice fat 4 - 5 PIPS … and to that I say
not gonna happen scumbags! … we’ll see what tomorrow brings to this pair, cuz
more than likely I’ll be looking to trade it if conditions are right … meanwhile,
“Stock Bellies” are a mess, thank you FED … DOW30 spread a ridiculous 5 - 10
index points, and slippage who the Hell knows … what a joke … FED now out of
the way, and it’s 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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