Another day of market manipulation dead ahead of us, inside “The Twilight Zone”
[TZ] … what wonders of 0DTE options “scumbaggery & fuckery” is in store for us
today? … first pump then dump, or first dump then pump? … we’ve had 4 days in
a row of “pump” out of the criminal NYSE gate, followed by the obligatory
“dump” that comes soon after … and how many reversals today? … pretty soon
there will be a financial derivative index based on reversals … a derivative based
on another derivative, based on who can “pump & dump” the hardest & fastest,
followed soon thereafter with options on that shit where nobody would believe
it’s possible until they list it … the casino never sleeps!
Still a few hours until the criminal, money laundering NYSE open, and already
“Stock Bellies” have completed their first reversal … what’s the “over/under” line
bet in Las Vegas, err I mean Chicago? … I’m guessing it would be 2 ½ … it’s
incredulous to me that anybody in Europe and/or Asia would trade in the off
hours, knowing full well the horseshit that goes on during New York hours
… what’s the point in taking any position? … a gaggle of useless & worthless
econ stats today, which I’m sure will catch somebody’s eye in power to either
justify the “pump” or the “dump”, whichever is happening between 9:45 AM
EST - 10 AM EST … the math whiz kids in government working overtime to insure
MAX propaganda appeal to the masses, so that they don’t look to close at what’s
really going on, and instead focus on “bread & circuses”, and stay dumbed down
forever.
Even though it’s still early, the “Pump Monkeys” are at it again, pushing prices
higher … you know, cuz everything is so F-ing awesome in world economies, and
people are flush with cash, eager to invest in the casino … yea, right … how long
will it take to hit a new low for the day … where’s the CFD for that? … better yet,
where’s the 0DTE option for that?
Turning to today’s circus shitshow, all you can do is laugh … that new high only
took 2 hours and 3 minutes [right at the criminal NYSE open] to go to a new low for
the day by a few index points, before the ignition / liftoff of call buying [0DTE natch,
what else is there?] again started a mini melt-up from dealer hedging delta &
gamma risk … and since then, you’d be hard pressed to find a more pathetic day
of “Stock Bellies” action than today … classic bear market action, where it’s grind,
grind, grind some more lower, followed by rip your face off rallies out of nowhere
in seconds and/or minutes that take a lot of the decline away, and then it’s back
to the same old shit of grind lower some more, until next time … longs sell out at
the lows, shorts pay up and get screwed buying the vicious rally … all inside a
pathetically very low range … get on the wrong side of this shit, and the yo-yo will
make mincemeat out of your account.
Just past NOON EST, and it’s hard to believe ranges are as horrendously shitty as
they are … since the open, DOW30 about 200 index points, with a lot of that
coming right out of the gate … apparently, the Chipmunks forgot to buy today!
… SP500 about 18 index points [utterly laughable], and the NDX100 about 80
index points … and when you’re into the New York afternoon and shit is drifting
and the bids / offers really going nowhere, you wonder what kind of fun and
games do these assholes have in store for us later in the day towards the close?
Meanwhile, Cable/Yen gets the shit whomped out of it, “Thelma & Louise” style,
on supposed month end dollar flows and general uneasiness over the N. Ireland
deal … went up quick, and came down even quicker … gee, nothing suspicious
here, amirite or amirite?
Moving back to “Stock Bellies”, and looking at the daily chart, you can see VIX
dropping like a stone in water … unless the FED changes their tune [unlikely], it’s
hard to make a case for higher prices, and all of the “Stock Bellies” are standing
at the edge of a technical abyss … if it gets pushed over the edge, we could go
down quickly … and if it starts to leak water in late afternoon, that’s when you
have to be extra cautious about being long … so far, outside of short covering
bursts, there hasn’t been a lot to cheer about in term of price or trend … again,
classic bear market action … wear down any enthusiasm into capitulation and the
thought none of this shit can ever rally ever again … ever! … and that’ll be the
bottom.
Today so far, an inside day of an inside day, inside of Friday’s range … how much
more pathetic can this stuff get? … sure, I’m looking for algorithm trades, but as I
said the other day, who in their right mind wants to be in a position for 20+
minutes to make a handful of index points? … yea, with 10 * the index, you can do
that and it still makes partial sense, but at 1 * the index it makes ZERO sense, not
to mention the fact that the logistics of the trade means you gotta do volume at
COINEXX, something in there CFD’s I am not prepared to do cuz it means getting
ripped off ‘bigly & yuge” on off market fills that will blow the blood vessels in my
head clean off into space … as things stand right now, this is the 17th day in a
row the “Spoos” will not hit their 20 Day Range MA, and the next 2 days will see
big market days come off the average … when normal ranges come back, trading
either the DOW30 OR THE NDX100 makes sense for the PAMM.
See my shocked face that is shockingly shocked … “Spoos” and the penny tech
stocks of NDX100 just made a new high for the day! … Bwahahahaha! … well,
there goes the over at 2 ½ in the NDX100 at SIMPLE FX, where the Mrs. & Miss
Gimpy are trading … almost made it at Coinexx but they missed by a couple of
index points … the sheer stupidity of this is striking … it’s like large fund
managers have discovered a perpetual motion machine in 0DTE options … just
spend “chump change” on puts, calls, OR BOTH [a few million in premium] and
watch the dealers who sold it to you scurry like rats leaving a sinking ship, and
do the dirty work of making it rally or drop … you just have to wonder how long
this idiocy will last before the entire system goes “TILT”! … and of course, the
respective hi or low once achieved, sees no follow through whatsoever cuz now
it’s time to take it the other direction with a fresh batch of new calls and/or puts
… how does rinse & repeat sound? … as a result of all of this chicanery, there is
no movement up/down, followed by corrective activity and then the move
resumes … Nope, that’s so old last decade ago … now it’s move, run stops, turn
on a dime and go for the other sides hi or low, whichever is in play at the moment
and simply rinse and repeat over 6 hours or so … welcome to the casino, and the
quicker it happens the better!
And through all of this bullshit, what’s left in the dust is the fact that if you’re
wrong on your trade, most likely you ain’t gonna have a chance to get out at a
place of your choosing cuz it’s not trading, it’s just lurching on dealer buying or
selling … how do you like your one-way street trading action? … and when it all
happens inside of sickly ranges that are piss poor and I’m being nice, the worse it
becomes for traders cuz you’re that much closer to the high or low and either
additional buying or selling that adds to your woes of having to liquidate … and
lately, it turns around from there and burns your donkey and pisses you off even
more … it’s a collective response … the large fund managers know you better
than you know yourself … ditto the dealer community … and once they get under
your skin or inside your head, there’s no way you win … welcome to the new
bullshit trading paradigm of 0DTE options for “Stock Bellies” … and quite frankly,
it’s here to stay!, and ain’t going away anytime soon … there’s always some kind
of evolution going on in the trading universe … this one is not welcome, but
there’s too much money involved for it to go away … at some point, it’s gonna
come back and bite Wall Street in the ass “bigly & yuge” … don’t know when, and
it might take a while, but it’s inevitable.
All day today I’ve been looking for algorithm buy signals that make sense … and
while the algorithm is spot on with modeling, it’s not a decent risk / reward to
hang on and pray minute-after-minute and you can’t even get out of the stinkin’
spread, or you make just a few index points …. Plenty of those today, and the only
thing that will make this shit go away is increased NYSE ranges and VIX … and we
sure as Hell ain’t seein’ that … quite frankly, with about 2 hours to the close,
everything is about 50% under its respective New York 20 Day Range MA’s, and
this is utterly pathetic and embarrassing … no trades today for the PAMM, simply
cuz there isn’t anything to do inside a double inside day with nothing but chop,
and the obligatory panic that comes with the 0DTE options trades that set off the
dealer community on a panic roller coaster … of course this is bullshit, but there
isn’t anything I can do about it unless I had about 10 billion under management
… the Mrs. already turned over the furniture and found all of the billions hiding in
the cushions and left ZIP for me! … so, we take the bad with the good and move
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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