7TH GRADE SNOWBALL FIGHT … PART ii

 

“And this is what goes for “war” now? … lob some scripted missiles!!?”

Imagine if this horseshit were in WWII … who is lucky enough to be in Hitler’s

press corp? … would they ask what his favorite flavor of ice cream is? … and

so here we go again with another bogus “the world is coming to an end, sell

Mortimer, SELL!! … WELL IT APPEARS, NOBODY GOT HURT! … what a relief

to the hordes of Libtard Journos who think war is somehow just a photo op

for propaganda … I’m so old I can remember when war was for killing and

breaking things” … and once again, overnight the sellers get stiffed and made

to look like Chumps!

Meanwhile my annual physical, always a pleasure for any guy over the age of 35,

went off without a hitch … sure, you know it’s coming, but that doesn’t stop them

from putting on the gloves that look like they’re gonna deliver a calf out on the

farm … from my perspective, that’s what it looked like … cuz nothing, absolutely

nothing beats the experience of a prostate exam … that was so good, can I get a

second opinion from another Indian doctor here? … and when I sarcastically

asked the nurses where’s my tootsie roll lollipop for being a brave little soldier, I

am magically informed that’s only for big boys who don’t B.I. Itch and moan all

the way down the hallway back to Mommy … “well, that’s easy for you to say

… I’m hoping the mental scars heal by this time next year!"

Is there anything left on the order books for a Friday after first killing longs and

then destroying shorts? … after this bogus WWIII clusterfark you got to wonder

if anybody wants to play trading today, or just go home for the weekend and ask

themselves why they stayed up all night to get the shit beat out of ‘em? … time

would have been better spent watching “Brady Bunch” reruns and WNBA

highlights … asking for some friends … we’re about to find out.

As we lurch to the criminal, money laundering NYSE open, crypto getting some

heartburn slightly lower after basically 5 hours sideways where no headway was

made to the upside … and if you can’t take it higher, disappointment always sets

in and traders will attempt to take it lower … sometimes it works, many times it

doesn’t and in that case you get chopped to death buying breakout tops and then

selling breakout bottoms or vice versa … in any event, not a good scenario when

things are tight and getting tighter … markets have done a complete 180 from 48

hours ago … ultra bat shit crazy [BSC] to are we open?

Now into mid afternoon in NY, and nobody but nobody wants to play … it’s the

human psychology factor at work on a Friday where earlier first longs, then

shorts, got hosed in about as record of a time as you can possibly have … not

just crypto but everything … however, I would note crypto loves to follow and

mimic the NDX100, and the darling techs have been down now 6 days in a row

[including today], losing some 1,250 index points, or roughly 6% in value

… while they won’t usually go tick-for-tick, it’s tough sledding for ETH to move

higher when tech “Stonks” are getting beaten like a baby seal at a Japanese

whale hunt.

So we go from mind blowing bat shit crazy [BSC], and then walk into today and

the entirety of the NY session is about $55 in ETH? … WTF? … and while there

were some algo buy signals, albeit very weak in scope and nature, unless

“Stock Bellie” can regain some upward “FOMO & MOMO”, who wants to be

stuck in ETH begging for price to get above your buy so you can make $0.19?

… and that’s if you’re lucky and they don’t rip the shit out of your order with

slippage … been at that rodeo and don’t want to play for meager gains with the

same risk … all-in-all, simply a shit day … back to those “Brady Bunch” reruns

… so no trades today, not cuz I wasn’t tuned in … Hell, I was “locked & loaded”

… it’s cuz there was no real market today in the NY session, with about the worst

chop you could imagine … blog update on Sunday … cya then!

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😍😍,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

SUNDAY UPDATE: SPOTLIGHT SHINES ON THE “SPOOS”

 

“I am not superstitious! … but why take any chances!!?”

That was some New York trading session on Friday … even FX briefly woke up

… for our PAMM markets, it was bat shit crazy [BSC] right down the line

… crypto got mauled, gold & silver put in massive refersals in price, and the

“Spoos” got whacked by Paulie & Sil … ranges blown to shit early, and it was

a race to the bottom.

The very first concern any trader should have is the total cost of what it is

he/she/it is trading … at Coinexx, bid/offer spread + SLIPPAGE in the other 2

“Stock Bellies” CFDs, namely the DOW30 & NDX100, make them unattractive

IMHO to trade … it remains to be seen what awaits us in the “Spoos”, but most

days conditions fall around industry norms and values … what separates the

“Stock Bellies” from other market offerings is that they operate in the “88/6/6”

paradigm of trading [88% of the time higher, 6% of the time sideways, and 6% of

the time they’re getting the shit beat out of ‘em] … and for that reason alone, I

stay on the LONG side of any and ALL trades … avoid getting whacked on the

back “6” and you’ll need super tanker ships to take the money away, IT’S AS

SIMPLE AS THAT!

To that end, a conservative trader might choose to trade “Spoos” from the long

side  when 1) the m15 ZLMA [zero lag moving average], period 15, is “white” [up

slope for rising price momentum], AND 2) the m1 ZMLA is either white, or has

just changed colors with the MACD [8 period fast, 15 period slow, EMA]] going

above the “0” level [yellow line] on the histogram below the m1 chart, or is

already above “0” and starts rising again … of course, “FOMO & MOMO” change,

but they do so with the color changes, not out of the blue … it is rare to get

consistent buy signals in an up market that only trap you before you can exit

with a scalp profit before changing short term “FOMO & MOMO” … it’s a lot

more common when the m15 is “hot pink” on the ZLMA, indicating a down price

move is in effect.

At this time, I don’t think I need to change the “vegas mq4 code” for the “Spoos”

to adjust it for higher volatility … maybe later, but not now … RM levels should

be taken with a “grain of salt” when 1) daily or weekend opens come, and 2) econ

reports, FED reports, and FED Lounge Lizards speaking hit the market and there

are very sharp and sudden up/down moves … RM levels are for normal trading,

not news events!

I’ve changed the “vegas mq4 code” for gold on the m15 chart ONLY … that code

is over in “Download Links” and is for the m15 chart only … the m1 stays the

same and uses the current “vegas mq4 code” … higher volatility in gold

necessitates larger volatilities for the longer time period of m15 … no changes

to silver yet.

Directly below the week’s 20 Day Range & Median values for our 5 PAMM markets.

click on table to enlarge

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😍😍,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

GOLD $2400 … THE CHICOMS ARE CALLING THE FEDS BLUFF

 

“The ChiComs may be thugs and murderers, but they understand this!!”

Your move FED, as the ChiComs waste no time last night taking gold to $2400

per OZ. … “whatcha gonna do FED Lounge Lizards? … sell MOAR!? … and what

happens some day when the world finds out you ain’t got the 8,000 tonnes of

gold you say you got? … both the FED & Treasury won’t allow an audit, so

nobody knows for sure if it’s there or not … what if it ain’t? … why would

anybody refuse an audit if everything were legit? … SHORT ANSWER: “THEY

WOULDN’T!!” … no need to ever fight a physical war, simply suck them dry and

take all of the gold while leaving them with worthless fiat toilet paper backed by

NOTHING … TO THIS DAY, IT STILL AMAZES ME THAT PEOPLE LOAN THE U.S.

GOVERNMENT MONEY, and get interest BELOW the real inflation rate … what

kind of special Dope does that?

Decades upon decades, and many years being ignored, gold does in a couple of

months everything known to human psychology to literally destroy a market

… and now at last, central banks buying the top and sending price into “The

Twilight Zone”, where if you trade it you’re nuts … this isn’t a market any more,

it’s completely devoid of market qualities … Hell, even Bitcoin when it was

going from 3,000 in May 2020 up to 66,000 for its first major top, had corrective

activity and could be traded … not gold, currently on a bender like sailors on

shore leave at a bar … and you have to wonder, what happens when the FED

finally does fold their cards and stops shorting gold and gets out … hundreds

of BILLIONS in the hole, what idiotic horseshit do they throw at markets then?

Currently we’re at “End of the World” long positioning part II going into a

weekend where Iran versus Israel seems to be a not insignificant probability

… when we wake up Sunday night and we’re all still here, will anybody care?

… Nope, I don’t think so, so why not gap up to $2500 per OZ. in 2 minutes and

just get it the fuck over with for the day? … actually trade some? … no, that’s

what’s known as a “market”, and that doesn’t describe gold any longer.

Bank earnings suck, “Gee who knew?”, rates on the 10 YR. still at 4.5% or

thereabouts, and the “Spoos” seeing extreme long positioning itself since

November lows some 1,200 index points lower, and you wonder when this

market cracks and goes “Thelma & Louise”? … and suddenly, while everybody

and their pet rabbit is picking out their new shiny red Porsche, along comes a

gut wrenching $50 drop in gold just to remind folks shit goes down as well as

up … some crazy ass bid/offers along the way, and I’m sure if you had a sell stop

in there you got treated fairly, right? Bwahahaha! … from a trading perspective, I

don’t care where anything is at in any market … it’s just numbers on a screen and

doesn’t reflect reality anyway … you ain’t trading what you think you are trading,

you’re trading human psychology, and it makes no difference if its “widgets”,

gold, or “Spoos” … they ALL act the same at different times and put in the same

formations on a chart, and by and large get traders to do the exact same things

they would do no matter what they trade … every market has its day in the sun,

and every market goes bat shit crazy [BSC] and gets crushed like all the others

… ain’t nothin’ special here in this arena, other than the “Stock Bellies” operate

in an “88/6/6” paradigm whether you like it or not, and all other markets don’t

… gold for its part, just had a senior moment, and let’s hope it leads to trading

instead of simply one way action before it dies until next time.

“Spoos” proving today, that no matter what the news is [and it was bad], there’s

ALWAYS tradeable rallies anybody can scalp using the algorithm … at least so

far into NOON EST, RM levels on both the m15 [RM=3] & m1 [RM=1, along with

the MACD histogram (8 period fast, 15 period slow)] doing exceptionally well in

modeling price behavior going forward a few minutes for scalps … if it wasn’t

for gold breaking like it has, I’d be paying more attention to the “Spoos”.

There come days in trading, not very often to be sure, where everything is NUTZ

and falling like “Thelma & Louise” headed to the bottom of the quarry … only

thing is, we can’t see where the bottom is … bottom coming in 3 … 2 … 1? …,

or the abyss from “300” that has no bottom … throw in overextended markets

that haven’t seen this level of long hubris, and it’s quite the setup for a Friday

where the world might end this weekend … [again!] … with people trapped,

countdown to the close has the potential to be a real disaster … maybe, maybe

not, but I don’t wanna find out … gold, silver, “Spoos” particularly vulnerable,

especially when those trapped convince themselves it can’t get any worse

… trust me, IT CAN GET WORSE!

Of the 3 markets, “Spoos” about the only one that can be counted on to see

some kind of scalpable rallies, simply cuz of  the “88/6/6” paradigm the rest don’t

have … gold the worst, gapping all over the place … Still, one decent scalp trade

for the PAMM and WE’RE UP SLIGHTLY … QUITE FRANKLY, “Spoos” are more

overextnded than gold to the upside, having put in about 1200 index points in 23

weeks with only 4 “Friday to Friday” weekly closes lower, and those not by much

… UP 30% on what exactly? … oh that’s right, all of those rate cut fairy tale

hopes and dreams that were gonna see 200+ bps of cuts in 2024 … now down

to 38 basis points and still going lower thanks to inflation figures that are vastly

underreported … how about a rate hike? … anybody got that calculus for the

“Spoos” or gold at these levels?

Won’t next week be interesting given what we’ve seen today? … blog update on

Sunday! … CYA then!

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😍😍,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

OF COURSE IT’S “RIGGED” … IT ALWAYS HAS BEEN!

 

“When you’re on the wrong side of a trade in a rigged market!!”

They trade billions, if not trillions per day, yet they never get into trouble with

their trades … why is that? … cuz they’re sooooo smart? … maybe it’s cuz of

what I’ve known for decades, first observing it in trading pits … the data game is

“RIGGED”, and they are positioned perfectly for what is coming at the appointed

time … doubt me? … well now we know from the BLS it’s true, thanks to ZH

… the link directly below.

https://www.zerohedge.com/markets/scandal-rocks-bidens-labor-dept-lying-

about-sharing-non-public-inflation-data-secret-group

I have maintained for decades, that ALL REPORTS ISSUED BY GOVERNMENT

[including the FED] be done on Saturday mornings … this way ALL MARKET

PARTICIPANTS, LARGE AND SMALL, CAN ASSESS HOW THEY WANT TO

TRADE COME SUNDAY NIGHT ON THE OPEN AND BEYOND DURING THE

WEEK … but that ain’t ever gonna happen cuz scumbag LP banks and HFTs

have got to have the ability to screw over institutional & spec accounts for all

they are worth, and since the POLS, Apparatchiks, & regulators want their

“skim”, it’ll continue and never change.

Well, that escalated quickly didn’t it? … Whoops!, not even the whiz kids can lie

about this one, a little hotter than “Taliban Joe” would like to see, and more

importantly the 10 YR. Treasury over 4.5% yield now and rising … no worries,

just print MOAR! … consumer prices, as measured by the government which are

woefully inadequate as well as inaccurately underreported, are up 19% since

“Diaper Joe” has been Preezy … not a single month this Doofus has been

Preezy have prices fallen … worst Preezy in history, and at least Jimmy Carter

feels a sense of relief! … digging through the data, I do note that typewriter

ribbon and horseshoes fell in price, so at least the Amish might be happy

… question is, though, with everybody and their pet rabbit positioned long gold,

where are the stops you absolutely know the bigger players have their eyes on?

… wait for it, it’s coming!, and you won’t need me to tell you about it, cuz you’ll

see the down “bigly & yuge” red spikes on the m15 and the m1.

With today’s casino action brought to you by government, a few things need to

be mentioned that have a direct bearing on trading these more volatile markets

… 1) especially with “important” numbers being released as determined by the

propagandists on Wall Street, you need to recognize that the RM levels upon

release of data DON’T MEAN MUCH OF ANYTHING! … meaning panic has no

bounds and can’t be measured by us cuz we have no way of seeing order flow

coming through institutional order desks … 2) RM levels currently constructed

for gold and “Spoos” are undervalued and need to be raised to higher volatilities

… RM=4 levels should in no way, at least theoretically, be hitting this MAX as

often as it is … LESS THAN 5 TIMES PER YEAR, NOT EVERY DAY WE TRADE!

… and 3) I’m adding spot silver [XAGUSD] TO OUR PAMM TRADING LIST MIX,

BRINGING OUR COVERED MARKETS TO 5 … the “vegas mq4 code for support /

resistance levels” based on volatility is available now over in “Download Links”

for silver … current RM levels are RM=1 & RM=2 for the m1 chart, and RM=2 &

RM=3 for the m15 chart … I’ll be updating the 20 Day Range MA & MEDIAN, and

I’ll have new higher VIX RM levels for gold and “Spoos” on the upcoming

Sunday blog update.

Now that silver has broken through $26 per OZ., going forward there should be

some really good trading opportunities … better than gold I would say with a

better bid/offer spread of usually under 1 penny per OZ., but will blow out on

sharp moves up/down … quite frankly, paying 35 - 40 cents per OZ. in gold AND

having to deal with sometimes horrendous slippage is a pain in the ass … I don’t

know how slippage is going to be in silver, but I don’t see how it can get any

worse than gold … in any event, I’ll start with low volumes and work from there

… GiddyUp! … once up & running, let me remind traders, though, trade silver

based on silver signals, NOT on what’s happening in gold! … yes, they strongly

correlate positively, but different dynamics for different markets … it’s not even

11 AM EST in NY, and we got a DOUBLE REVERSAL GOING IN SILVER, with an

approximate 89 cent range [so far]! … and as you’ll see, RM=2 on the m15 chart,

and RM=1 on the m1 chart, hold very well … better really … EXCEPTIONAL!,

IN FACT!

With the exception of the 2 crypto pairs BTC & ETH, where spreads and very high

margins require a lot more money in your account, and thus make them less

attractive than the other 3 pairs, all 3 of SP500, GOLD, & SILVER have moved

quite well today … out of the 3, gold the most bat shit crazy [BSC] with price

quite erratic versus the other 2 … blink your eyes, and it can get quite nasty

… the “Spoos” are getting a much needed correction, and going forward it’s a

question of where the support is on the way down … and just as an aside, the

“Spoos” are the only ones we trade that trade inside an “88/6/6” paradigm that

I have written about extensively before … the entire system is rigged to see

“Stonks” go higher, and stock markets don’t exist so prices can go lower

consistently … the “Plunge Protection Team” [PPT] certainly make sure of that!,

right along with corporate buybacks … and IMHO, it makes complete sense to

trade this market from the long side ONLY, but since I’m not your MOM, you

can do what you like.

Time for FED Lounge Lizards “minutes” from the last rigged meeting … just what

we need today, more VIX! … aaaaaaaaaaaaand, nobody gives a shit … rightly so,

as why would anybody in their right mind listen to these Elite assholes who spew

propaganda daily with the intent of manipulating “Stock Bellies” along with other

markets? … bought and paid for!

One trade today for the PAMM in gold … PAMM UP FRACTIONALLY … not

interested in holding anything for anything but a scalp, and this trade lasted far

too long for my liking … of course, 5 minutes later it takes off to the upside, but

that’s water under the bridge and I don’t really care … hopefully metals can

correct from here, although I’m not looking for much … “Stock Bellies” look to

be the most vulnerable, as headwinds mount via rates and geopolitical events

… onto tomorrow!

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas