You control what you can control, and let the rest of the market bullshit go off
your back like water on a duck … focusing on the latest “du jour” headlines
from ZH, North Korean biz news CNBC, and/or Dumberg will get you to the
traders graveyard … the only thing we can control is our trading model, volume,
leverage, and execution … blatant bank manipulation and PANIC rule these
markets … the scumbag banks are better psychologists than most practicing
psychiatrists … they know and understand well what makes the spec collective
“tick” … they front run and run stops all over the place cuz they know they are
gonna be there … they aren’t guessing!
Our “Super Scalper Trading Algorithm” models bank behavior, and attempts to
get us long right before price takes off to the upside, or get short right before
selling commences … I’ve said before, and I’m gonna say again, that while
individual trades short can work in the “Stock Bellies” [natch], making a habit of
getting and staying short NDX100 is a losing proposition … the traders graveyard
is filled sky high of those who’ve been selling the NDX100 for years many, many
thousands of index points ago … the entire financial system is rigged for higher
prices, and if you can’t accept that fact, then you need to trade something else
other than any of the “Stock Bellies” … today’s a new day, forget yesterday’s ass
pounding … “bigly & yuge” OPEX today, so anything can, and most likely will,
happen … to my surprise, so far Coinexx LP’s in the NDX100 have been adequate
… this is a vast improvement over prior months / years … on Sunday’s blog
update, I’m going to summarize “The Super Scalper Trading Algorithm” and give
rules for trading in detail with examples.
Turning to today’s “Slots-A-Rama” … what says FUBAR better than a criminal,
money laundering NYSE open? … why nothing, natch! … why should today be
any different than all of the others? … and craps and roulette are gambling,
and that’s bad! … but these opens are OK? … what a frickin’ joke.
Excluding Bitcoin, is there a more wicked roller coaster than the NDX100?
… granted today is an OPEX clusterfark, but there isn’t anything really that
different from today than most days … most days sees the opening fiasco take
place, where the world’s money launders buy/sell “Stonks” into the proper
hands so they can be used as collateral for all kinds of nefarious adventures,
and it just feeds on itself from there … today’s close could get interesting
… come next week, of course, we got the Lounge Lizards on Wednesday at
2 PM EST, for the most important evahhhhhhhh!, interest rate decision … that
could make for a dull Monday and a very dull Tuesday, but we’ll see.
Into the New York afternoon, and after this morning’s clusterfark of comedy
gold price action, there doesn’t seem to be much appetite for the tech darlings
… well, it is a Friday in the summertime, and vacations beckon for an awful lot
of bank desk traders … no worries, though, panic to somewhere is never very
far away, and it is surely just at lunch right now … price is spending an awful lot
of time within easy striking distance of yesterday’s low, and that concerns me,
simply cuz it wouldn’t take much to set off another avalanche and start hitting
stops … would that start a negative gamma squeeze with today’s expiration?
… dunno, I suspect we’re gonna find out.
Up to the last hour, and it’s been a bag of dog poo inside about a 70 index point
psychotic, roller coaster range … sitting right over yesterday’s low … dead cat
bounce Friday, or is there an options drop coming? … well, that escalated
quickly didn’t it? … hello sell stops, who wants to step up and buy now with
less than an hour to go before the weekend? … certainly not me.
Multiple algorithm buy signals today in NDX100 … PAMM UP A HAIR LESS
THAN 0.1% … I passed on some buy signals that were within striking distance
of yesterday’s low … the way this market trades, you can’t turn your back on it
for a second, or think “no way that can happen”, and then watch it unfold in
seconds … kind of a dead cat bounce Friday after yesterday’s bloodbath lower,
so perspective is important to keep in mind today cuz screaming higher wasn’t
a high probability event IMHO … sure, there were some bounces … and then
there were some waterfalls that followed them … No trades for “The Syndicate”
today … I’ll have a lot more on the “Super Scalper Trading Algorithm”, along
with the NDX100 on Sunday’s blog post update … until then.
… 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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