Another installment is upon us, here in the world’s most corrupt casino … YOU
WILL OBEY! … you will come to think that there’s no inflation, not cuz every time
you go shopping for food, PRICES ARE HIGHER and you realize your eyes must
be playin’ tricks on you … no, it’s cuz “Big Government”, run by Lying,
Hypocritical, Thieving, Treasonous, SCUMBAG LIBTARDS & RINO’S SAY SO!
… since the dawn of modern financial trading, the first wave of “The GREAT
Deception” is upon us … propaganda unleashed ‘til you can’t take it anymore
and come to believe the LIES simply cuz you’re tired of fighting it
… DECEPTION! … cuz once you buy into the bullshit and drink the government
“Kool-Aid”, it becomes far more easier each time to get you to come along for
the ride … our government learned well from the Nazis, that DECEPTION is
nothing more than a sedative for Sheeple masses … since they [IMHO the CIA]
blew JFK away and got the ball rolling, DECEPTION is as commonplace as
daylight … and it only gets worse from here!
So while everybody and their pet rabbit celebrate “softer & kinder” inflation
numbers, since the debt ceiling Kabuki Theater 5 weeks ago, the U.S. has added
another $1 TRILLION DOLLARS to the national debt … $1 TRILLION IN 5 WEEKS!
… but hey no worries, what can possibly go wrong?
Meanwhile over in the “land of the rising sun”, USDJPY GETTING MONKEY
HAMMERED below 140 [err, 139], in what appears to me to be relentless YEN
buying on stops … when this puppy goes “retard panic”, it doesn’t mess around!
Well, that escalated quickly didn’t it? … monkey hammerings all over the place
… data was about as expected for the “whisper numbers”, but of course the FED
goosing STIRS lower with buying [while selling the long dated end] has got
USDJPY in the 138 handle … bids / offers a FUBAR mess with “Stock Bellies”
going bananas cuz inflation is dead now, so long live the next bubble! … a real
fuck job over in BTC, as price skyrockets, then plunges in microseconds before
rallying back … why do you think I stay away from shit like this? … you only get
killed in shit like this, cuz the thieving LP’s, no matter where you are will skewer
you with slippage if you’re on the wrong side, and steal big chunks of your gain if
you’re right … who the Hell needs that? … “on the bright side, though, I’m sure
they teach this in B-School now to aspiring financial geniuses that dot YouTube,
amirite or amirite?!, so nobody need worry about getting hurt.” … what a fucking
sick joke the casino has become.
With strong deflationary signals out of the ChiComs, meaning vast QE INFINITY
is just on the horizon coming into view, and the unreal borrowing needs of Uncle
Sam, unless I’m completely off the mark, FX appears to be in a “sea change”
against the dollar … fact is, it doesn’t matter what the others do, the FED Lounge
Lizards are in a “Hell of a pickle”, cuz they are the ones who will have to CNTRL-P
the U.S. debt at ever greater quantities, AND THE MATH WILL NOT ALLOW RATES
TO GO HIGHER OR IT’S REVOLUTION TIME IN THE BANANA REPUBLIC! … and
to a great extent, FX is waking up to this, as well as the BRICS coming along and
will be introducing a “gold standard” BRICS common currency come August
… when the Saudis finally puke and push Biden over the cliff, the dollar is
TOAST! … so there are a couple of macro factors at work here strongly against
the dollar … and if/when it picks up speed, look the Hell out! … cuz when any FX
pair gets rolling, it can steamroll for a very long time … and this “sea change”
will be most notable in USDJPY CUZ THE WORLD IS ALMOST ALWAYS SHORT
YEN VIA THE CROSSES … trillions worth! … so, the move lower in USDJPY, if it
continues to accelerate, can get awful nasty for a very long time.
In 5 trading days, USDJPY has taken out 32 trading days to the upside, piercing
support level after support level like it’s tissue paper … granted, the move lower
won’t [probably] continue at this pace, and into the BOJ meeting on July 28, there
will be some USDJPY buying on the usual position squaring and profit taking
[thank you Bob Pisani, CNBC bull hack] … but I think it’s clear, right now the
market thinks the rise in rates is completely over, and it ain’t paying any attention
to the Lounge Lizards with there relentless “higher for longer” bullshit … they’ll
cave to QE and lower rates faster than Biden falling down a flight of stairs.
Going forward, looking at the way the trade is setting up, any early rallies in Asia
or Europe will get sold … the only rallies in USDJPY that might have any staying
power, at least for the next few weeks into the BOJ clusterfark at Tojo’s HQ, will be
in the New York session … and the later the better to trap USDJPY shorts [YEN
longs] … the algorithm today performing exceptionally well, and if you’re keeping
score at home, notice the highs and lows that matter all pretty much have UFT
readings that stop at 2 on the upside and -2 on the downside, give or take a few
shekels.
Now into the New York afternoon [London Fix sees the low in USDJPY, gee what
a surprise who could have ever seen this coming? … scumbag banks pushing it
to fill corporate orders at YEN high … do they teach this yet a B-School?], and
anything can happen … just a warning, short covering can [and will] be violent in
the days and weeks ahead.
Well, if you’re trading USDJPY from the short side, the last 5 days has been a
dream come true … up ‘til then, you were in “Death Valley” … I’m of the opinion
now that in at least USDJPY, trading both sides of the ledger can be had … as long
as VIX stays like it is now … if VIX falls, you got to pick a side … today’s trade in
USDJPY from the long side yielding Mr. Slim Pickens … only had one algo buy
signal that made any sense, the PAMM UP SLIGHTLY … it was a good scalp, and
fills and latency good, so I can’t complain … we just need more of “em instead of
the one-way street selling we’ve seen for 5 straight days … over at IQCENT, a
rather non-descript day in BTC with a very low approximate $400 range, that
managed some brutal moves up/down without really going anywhere of
substance … this 30,800 - 31,000 area has some pretty good resistance and there
are sellers up there … get through that and it’ll explode higher … a boatload of
BTC trades, some “false positives” cuz of lack of VIX, and it was the last several
trades that got us to the positive side … “The Syndicate” UP APPROXIMATELY
0.2% … what a grinder type day! … what saved us is simple … 1 penny spread
with no commissions … 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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