STUPIDITY ON STEROIDS

 

“FOMO “Stock Bellies” traders at work!!”

Yields higher [bad], inflation not going down [bad], AMZN with horrible earnings,

revenue miss [bad], and even worse guidance [bad] … so natch, “Stock Bellies”

melt up today with nary a break, put in another massive range to the upside, and

the DOW30 is up 6 days in a row on pure FOMO, up 3,200 index points on a

“hope & a prayer” that Spicoli “pivots” with rates come Wednesday … if there

ever was a “buy the rumor, sell the fact” this would be it … dunno what happens

Monday, Tuesday, or Wednesday up to 2 PM EST, but if the Lounge Lizards

disappoint look out below … this is ridiculous, this is “stupid on steroids”.

Meanwhile FX looks confused as I’ve ever seen it, subjecting itself to reversals

& double reversals on smaller ranges, and yo-yo-ing up/down in smallish “Flying

Wedge of Death” conniptions of spikes from Hell, followed by enormous laughter

from scumbag bank LP’s gouging and front running order flow … the entire space

now a bag of flaming dog poo.

You can’t trade a market that goes straight up/down, unless you like pain

… don’t confuse brains with luck would be helpful as well, and if there isn’t any

corrective activity worth a shit, you sit … again, this is stupidity on steroids,

something “Stock Bellies” are want to do more often than not, and with CTA’s &

hedge funds stuck the wrong way in hundreds of billions off wrong positions,

the gamma squeeze has got to be hurting … and the only solution is to

“buy Mortimer, BUY!!” 

Crude oil back on track at Turnkey, so I’ll be moving over there for trades come

Monday … consistent VIX even when the range shrinks some from higher levels,

as this week has seen some really great algorithm signals … as always, it’s

always about the cost to trade it, and when it gets stupid you have to leave it

alone … I’d say that happens about 10% - 15% of the time with Turnkey’s thieving

oil LP’s, whoever they are [most likely a large HFT like Citadel or Virtu] … just

something we gotta deal with until I figure out a better oil trading solution, which

I’m working on diligently … when I got something tangible to report, my readers

here on the blog will be the first to know, so stay tuned.

No trades today in the DOW30 … this sitting is driving me nuts … I’m here to

trade, not watch paint dry … the algorithm is gold bars … in the DOW30 it’s not

cuz there weren’t any signals today, but the fact that there have been ZERO

decent signals after miniscule corrective activity … for 6 days in a row now, it’s

been straight up the wall with only very shallow breaks, that I don’t consider

good enough … crude on the other hand, if the cost to trade it is acceptable, has

CONSISTENTLY A GOOD AMOUNT OF BUY SIGNALS DAILY, NO MATTER IF

CRUDE GOES UP OR DOWN, OR IF THE RANGE FALLS BELOW THE 20 DAY

RANGE MA … it’s where I’d rather be given VIX, ranges, and profitability … FX

and “Stock Bellies” can’t hold a candle to oil on a consistent basis, and most of

the time market movement is of a “purer nature” that the whipsaw shit we

constantly see in the DOW30 with m1’s above 50 cents [which is retarded], and

sometimes over 100 index points in scope … I’m here to trade, not play craps or

roulette … not that oil can’t get bat shit crazy [BSC], cuz it can, but that is most

decidedly reserved for oil impacting news events [e.g., Russia invading Ukraine],

not normal routine trading … if a market won’t trade, or gets stuck in a range so

small to make it worthless, as today’s FX space showed, then screw ‘em … come

Sunday night I’ll be in oil, and unless 1) Turnkey gets completely stupid with the

spread, or 2) oil dies on the vine and trades like corn spreads, I’m staying in oil

cuz it gives us the best opportunities for profit during the day.

Blog update on Sunday, and I’ll be talking more about oil then … OUTTA HERE

… “The future’s so bright I need 2 pairs of  sunglasses 😎😎, and my own

Brinks armored truck” 💓!! … Onward & Upward!!

-vegas

STANDING ON THE EDGE OF AN ABYSS

 

“There’s no coming back from the abyss! … it’s a long way to the bottom!”

In so many ways, the life you know is disappearing … the U.S. is at the edge of the

abyss, and from where I sit, it’s already too late for the country … led by the most

inept, corrupt, pathological liars ever seen in any political class, combined with

social decay that is gaining speed down the rabbit hole, it’s about to get worse more

than you can ever imagine … hope I’m wrong, but I don’t think I am.

We’ve officially hit the “stupid panic stage” in YEN and the Yen crosses … since

New York came in, yields on the 10 YR have been going lower … that should

produce some kind of corrective action, but nobody cares … “Buy Mortimer, BUY!”

… this isn’t gonna end well, and today’s m1 at 14:40 server time in EURJPY at

Turnkey, where about 30%+ of the day’s range gets put in on some panic sell stop

robbery … doesn’t matter where your sell stop was, you got filled at the bottom

… and the panic buying continues for the 13th out of 14 trading days to the upside

… UP 700+ PIPS in 14 days … simply will not correct even a tiny bit … until

everybody gets slaughtered in minutes when the banks and the BOJ lower the

hammer … and quite frankly, both Yen and EURJPY can’t be traded until there’s

some kind of washout of longs … what a “circus shitshow”.

Fortunately, EURUSD can be traded, although today sees a pathetic 47 PIP range

for the day, with a range of approximately 30 something PIPS for the European

and shared U.S. session to the London Fix … and inside day of an inside day

from Tuesday … wonderful … yet, it STILL CAN BE TRAADED and isn’t the fucking

one-way street of USDJPY & the Yen crosses, which see people piling in with

abandon … and soon enough, they’ll be piling out with abandon, and wait ‘til you

see how the sell stops get filled in that exercise in market mayhem … “WTF, I got

filled where on my sell stop”!? … my point, though, is that both USDJPY & YEN

crosses need to be avoided until some kind of reckoning lower … it doesn’t have

to be huge, it just has to happen … and if this shit continues on its merry way

higher without interruption, the uglier the end is gonna be … and it will be quick,

vicious, and without mercy.

In addition, over the last few days, the spread in gold at Turnkey is trying to get

back to normal [in the 20’s] … it ain’t quite there yet, as the fucking thieves who

are LP’s are still about 20 cents to high given the ranges, AND OTHER HOUSES

LIKE “SIMPLE FX” … if it gets back to normal, I’ll consider trading it again, but

until then, tomorrow sees some EURUSD trading, up and until USDJPY & the Yen

crosses get their shit together and end the panic buying … I most definitely do

not want to get caught in a horrific “Thelma & Louise” 3 minute meltdown that

sees some devastating down moves on sell stops from all the position players

who are long … after that, it can be traded again, but until then most definitely

not … onto EURUSD tomorrow … no trades today in the Turnkey PAMM for

obvious reasons.

Meanwhile over in crypto land, BTC is still lagging badly in terms of trading action

from prior weeks / months, and overall history of the pair … it’s climbing slowly,

but the hectic up/down trading action is almost completely gone from the mix … it

still needs better action … I don’t trade BTC to be in it for 50 minutes to make $50

… I trade it to buy panic lows and then 2 minutes later sell it $200+ higher on short

covering buy fuel … that kind of action is sadly missing here recently … meanwhile,

the alt-coins suck even worse … not a lot of good options in the crypto space at

the moment, and we simply have to sit and be patient.

TOMORROW’S BLOG POST WILL DEAL WITH CRUDE OIL … where to go to trade

it … how to trade it, and why it isn’t gonna slow down anytime soon … quite

frankly, crude has become “the new Bitcoin” for volatility, and the profit

opportunities are off the charts … I’m gonna show you how to do it, no matter

the size of your account! … outta here … “The future’s so bright I need

sunglasses”!!😎😎 … Onward & Upward!!

-vegas