Every wannabe dictator worth his salt has gotta have “thugs” around him
… Biden is no different …1) he’s got all the alphabet soup agencies of
harassment at his disposal [FBI, CIA, NSA, DOJ, IRS, etc.] … 2) the MSM are
sycophantic hacks in his back pocket, and 3) when in doubt, start a war
somewhere [yes, Ukraine fits nicely] … it also helps if you’re a pathological
LIAR, which of course Der Fuhrer is, cuz then words lose their meaning
… Orwell’s book “1984” was meant to be a work of fiction, NOT A FUCKING
TRAINING MANUAL FOR DEM LIBTARDS!
Overnight, the BOJ meeting at Tojo’s HQ was uneventful … “no comment” was
the word on FX USDJPY moves … so, no verbal warnings yet, and that means like
I said yesterday, it’s a “green light” for more USDJPY buying … and I wake up
today and it’s a repeat of yesterday with GBPJPY range blown out well past its
20 Day Range MA … and with today another version of OPEX, it should make for
either bat shit crazy [BSC] conditions once Biden’s Gulag [New York] gets going,
or everything is dead going into a Summer weekend.
STIRS this early AM still “sticky high”, hanging around 4.7% on the 2 YR. Treasury
Note … cuz remember Skippy, we’re ALL STIRS traders now, no matter what
traditional market you’re trading … however, with the parabolic rise in GBPJPY
we’ve seen over these last few weeks, it’s gonna take more than a few basis points
of decline in yield on the 2 YR. Note to get USDJPY lower … sure, there will be the
obligatory sell stop hunts that are coming, simply cuz scumbag banks already are
taking note where most long specs have their stops placed … who do you think it
is that’s selling this parabolic rise? … and at some point, a few phone calls will
get made, and in less time than it takes for a trader to utter, “WTF was that!?”, a
very big flush of the toilet will commence and all the sell stops get filled at the
bottom … heavy odds on some Apparatchik or POL doing the bidding, and not
some econ report … they’ll do it, NOT while GBPJPY is rising, they’ll wait for
some indication of “profit taking”” [thank you Bob Pisani, CNBC perms bull hack],
when the market is looking to correct some anyway on its own volition … then
they will strike, coming in hot & heavy! … this is the way they’ve always done it,
and it’ll be how they do it this time as well.
But, we ain’t there yet, at least not that i can see this early AM … I doubt any
Friday is “panic time” for a group of scumbag banks … meanwhile,, over in
“Stock Bellies”, its QUAD WITCH day … and that means anything to everything
can happen, especially into the close … if they did it, I didn’t see it reported, but
where was the “bigly & yuge” ChiCom stimulus package that was the
“rumor du jour” yesterday that ignited U.S. indices? … what say you JPM &
Squid trading desks? … crickets … who cares!, UP is good! … new ATH’s for the
indices by year end! … let the bogus rumors for “Bubble 2.0” begin again!
And as Biden’s Gulag opens and starts the day, we’re starting to see panic buying
of the YEN crosses, particularly GBPJPY, as Cable buy stops get flushed and the
USDJPY holds at 141 … is this panic enough, or is there more coming into today’s
London Fix? … well, this should be interesting! … we already got a 240+ PIP range
and the day has just started in New York …. fasten seat belts, brace for some kind
of impact … panic, whether it’s buying or selling, isn’t a market phenomena that
comes with “calm & reason” … it comes with “get me the fuck in or get me the
Hell out!” … there ain’t no middle ground … and remarkably, the Coinexx LP
thieves are holding the spread steady and have not blown it out … will wonders
never cease?
And just for the record and those keeping score at home, it’s been over 7+ years
since GBPJPY has been this high … next resistance level at 189 and then 196, last
seen in May 2015 … plenty of room to run, and if the UK Nitwits ever get their shit
together [a tall order], with an insane BOJ, the cross can go over 200 and back to
the heady days of before the great financial crisis of 2008 … with plenty of banks,
hedge funds, and assorted others caught either short or not in the rally, there’s
plenty of scope for chaotic and decent ranges and runs … break out the sparkling
wine [we can’t afford champagne], paper cups, and get the caterers to bring some
little weenies wrapped in bacon … party time in the cross, it’s about frickin’ time!
… thanks to the BOJ and Nitwit central bank Apparatchiks, the VIX Genie ain’t
goin’ back into the bottle anytime soon!
Now after the criminal, money laundering NYSE open, some FED Lounge Lizards
on the wires attempting to give us more “blah blah, yada yada” “higher for
longer” rates bullshit they’ve been screaming for weeks if not months … too bad
nobody is listening on Wall Street as their credibility is worse than Biden’s on
anything … “where’s Volcker when you need him with STIRS in the high teens
circa Summer of 1982?! … maybe if they talked about regulating “AI”, somebody
in fantasy land would suddenly notice and cold water would get thrown onto this
pile of FOMO shit and screech it to a halt … but alas, none of the Lounge Lizards
are that intelligent or “street smart” to understand the concept … but suddenly,
somebody pushed some sell buttons in Cable/Yen, but it gets bought up “el
quicko mucho” from BTFD-ers … get used to this for the next several weeks
… “thanks you for your sell stop on this Friday … please come again next week!
… yours truly, the scumbag bank LP that bought your bottom sell, that they set
off seconds earlier!” … now, we can make a new high! [and they did!]
It’s a little tough to figure out “what’s what” today cuz of 1) all the central bank
bullshit we’ve had to absorb over the last 72 hours from all the usual suspects,
and 2) a $4 TRILLION DOLLAR QUAD WITCH DAY in futures and options fantasy
land … with literally ZERO TRANSPARENCY, how the Hell do you sort through the
maniac price moves in “Stock Bellies” and tell wheat from chaff?
And if that’s not enough, quick glances at the order boxes will tell you that
scumbag LP’s everywhere are taking full advantage of this to rape traders to the
MAX with shit fills at every opportunity … they’ll do whatever they have to do to
prevent you from picking them off with scalps, or at a minimum making it difficult
for you to do so … I don’t wanna hear the bullshit about “liquidity providers”
… they aren’t providing liquidity … they trade their own book, and if in that
process you have an order they want, you’ll get a somewhat fair price … on the
other hand, if you’re entering an order they don’t really want to fill, like a buy
order on the way up, they will mug you, rob you, and then rape the order, thanks
for playing … and for the scumbag banks, it doesn’t get any better than QUAD
WITCH day for their trading desks.
Meanwhile, STIRS up to 4.78% now, “Stock Bellies” could care less, and we find
out via ZH, Biden is a bigger crook than previously thought, with now $20 - $30
million from foreign interests, according to bank records … wannabe Dictators
ALWAYS shovel money to themselves and family … ask any of ‘em! … the link
below.
https://www.zerohedge.com/political/house-oversight-chairman-says-there-
evidence-20-30-million-illegal-payments-bidens
But hey, who can trust bank records? … and those 20+ “shell companies” used to
hide the money, created by Hunter, what does that prove? … cuz as everybody
knows, other “thugs and dictators” simply love to wire money for no reason to
shell companies controlled and owned by a POL’S family … just to be friendly
don’tchaknow, and get nothing in return? … is there ANYTHING BIDEN HAS
DONE [a/k/a as “produced”] IN OVER 50+ YEARS EXCEPT BEING A LYING POL?
… well, no actually there isn’t, unless you consider “influence peddling” a
business product … and quite frankly as everybody and their pet monkey knows,
if Biden had an “R” next to his name, he’d already be swinging from a rope … get
the popcorn ready, can’t wait for the “debates” between Der Fuhrer and RFK, Jr.
coming down the road … what a circus shitshow that will be!
Into the financial Gulag afternoon, and things have slowed considerably now that
Europe has closed … GBPJPY STILL SCREAMING HIGHER with USDJPY
approaching 142, and “Stock Bellies” drifting at somewhat lower levels seen in
the morning … I guess the FED Lounge Lizards that spoke today giving some
heartburn to price, but as we move to the close, things could get a bit “dicey”
… “what’s $4 Trillion among friends?”
I said in yesterday’s blog post, that I would spend some time today writing about
both the DOW30 & GBPJPY, and how I’m trading them at IQCENT & Coinexx,
respectively … I’m deferring that ‘til Sunday’s blog update, where I got more time
on my hands and I can be more extensive in my analysis for readers.
Only 1 algorithm buy signal trade today for the PAMM in GBPJPY … PAMM
UNCH’D … we were confined all day by the blown out 20 Day Range MA, although
the “Trading Ratio” [TR] held up well throughout the day at over 5+ … I’ll have a
lot more on the pair come Sunday’s blog update, including how I trade the pair
going forward … meanwhile, given the volatility, the DOW30 not having near the
range VIX suggests … a rather modest 300+ index point range [so far], but it is
QUAD WITCH day, so there’s that major influence … multiple trades for
”The Syndicate” at IQCENT in DOW30, and we’re UP APPROXIMATELY 0.4%
… more on this pair as well coming Sunday … going forward, my goal is to bring
PAMM results up more in line with “The Syndicate’s” results, and I’ll have more
on that in the blog update … until Sunday.
… 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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