THE INSANE CLOWN SHOW CONTINUES

“Hi, my name is Skippy! … I’ll be your LP order filler for the day!”

Markets are completely FUBAR … they are broken … add to the list of problems

stocks face, now come the millions of idiot Robinhood day traders, especially in

anything NASDAQ … and the scumbag LP banks are more than willing to drag

these lemmings over the edge at every opportunity … and what we see now are

“V” shaped bottoms that scream higher in milliseconds thanks to the numb

skulls with Daddy’s credit card, that go rushing in at every so called bottom and

buy, buy, and buy some more … cuz as we all know, FAANG stocks can only go

up, right?

Slippage today a problem still, but not nearly as bad as I saw it yesterday … the

speed at which shit moves is frightening, and get caught on the wrong side of

any move and have to push the button to get out in the direction it’s screaming,

can lead to some awful fills via slippage from the usual suspects … and as I’ve

said before, THERE ARE NO RULES ANYMORE IN ANYTHING … 10 minutes from

now the NDX100 could be 500 higher or lower, and the speed when it goes will

make you sweat.

News flow simply atrocious for stocks on every front … but, who cares when

there’s Nanny FED to “have your back”, right? … just remember, the FED fucked

the bullion banks over and stabbed them in the back with speedy policy changes

… you think they give a shit about you or anybody in the middle class of ‘Murica?

I’ve decided to add back into the trading mix GBPUSD [Cable] … we need a

“Plan C” … note over on ZH a report from Rabobank, that they think FX is in the

very early stages of a massive bull market move, and that the dollar is in for some

rough months & years ahead … I said as much 7 months ago after the British

elections, so no surprise to me, but the point is, that when the majors start

moving against the dollar, VIX & IVIX will go quickly higher, and things could get

ugly fast … so, I want to be prepared for that … and Cable is the most volatile of

the major FX pairs.

Multiple algorithm buy signals today in NDX100 … TURNKEY PAMM / MAM UP

SLIGHTLY BELOW 0.1%

As I said, slippage a problem with “Skippy the assclown” filling orders, but the

algorithm can overcome this most times and today was more normal than

yesterday, which was one of the worst days I’ve ever seen in the NDX100 … still,

the open & close are major disaster areas within ± 15 - 20 minutes, so I would

avoid them if you’re trading.

… until tomorrow … Onward & Upward!! 

-vegas

SUNDAY UPDATE: FINANCIAL “MARKETS” HAVE NO CLUE

“Central banker icon!”

I use the term “markets” loosely, defined not as you think of them in historical

or normal terms, but simply as propaganda indices or prices used for

behavioral control over populations of Sheeple that have been “dumbed down”

to the point of hysterical laughter … and nowhere is that more noticeable than

in ‘Murica, where the groupthink mantra of the day is, “if stocks are going

higher [especially NASDAQ FAANG STOCKS], then everything is A-OK”! 

I do think, though, that the unhinged Leftist mob, made up mostly of pasty white,

upper middle class, SJW wannabes, from upper income families, need to find an

appropriate “uniform color” to set them apart … what with Mao’s “red shirt

brigade”, and the “Brown Shirts” of Nazi SA fame already taken, I guess the only

thing they could think of was all black … but hang on a sec ANTIFA, that’s

“cultural appropriation” … what gives you the right to wear all black? … I’m sure

somebody somewhere of color is “offended” by this.

I’m still waiting for one “Cankles Clinton”, chief matriarch of the Clinton Crime

Family, to answer the question of why she went to “Yale”, when she knew full well

it was founded by a 17th century slave trader named Eli [Elihu] Yale? … “I mean,

how could you”? … isn’t it amazing how the goalposts shift for political

expediency, and the rush for raw political power and MONEY? … cuz after all, if

you have to pander to a bunch of Dimwit children just to get your base off your

back cuz they vote, then that’s what you do … this is what’s known in ‘Murica &

other major democracies, like the U.K., as “leadership” … really, you don’t know

whether to laugh or cry.

Directly below, this week’s “VIX MATRIX TABLE”, followed by the 20 Day Range

MA’s for selected markets.

click on ANY table or chart to enlarge

FX

GBPJPY

I’ve added GBPJPY to the list of markets cuz I’m trading it … outside of crypto,

it’s the only major market with IVIX & LOW COST TO TRADE … only Bitcoin

[BTCUSD] & Ethereum [ETHUSD] are better ... their coverage is on the sister

blog site traderzoocrude.blogspot.com and I invite you to look into trading either

of these pairs at COINEXX … some updated news over there, so check it out!

GBPUSD

EURUSD & EURJPY

AUDUSD & AUDJPY

USDCHF, USDJPY, & USDCAD

PRECIOUS METALS

XAUUSD

The scam continues in the gold market … and as I have said before, it’s like

POLS who have “toll roads” in their states, and then when the bonds are paid

off, they keep the tolls on cuz they like having free money … no different here,

as the scumbag bullion banks think you’re too fucking stupid to notice that

you’re getting ripped off to the MAX via the bid/offer spread on XAUUSD

… quite frankly, this “traders tax”, to pay for the banks getting stabbed in the

back by the FED when they changed interest rate policy abruptly, is OBSCENE!

… why should traders have to pay for your short losses? … and the total

bullshit excuse for this continued ripoff just gets more laughable as the

days / weeks go by … these people are thieves & crooks, and while I’m not

optimistic they change their ways anytime soon, competition is brewing in

the Pacific Rim, where actual physical spot futures are becoming more

mainstream, and this unallocated paper bullshit from the London banks is

losing business … maybe someday they wake the fuck up, but don't count on

it … by far and away, gold is the worst market you can trade right now bar none!

Onto the week … until tomorrow mi amigos … Onward & Upward!! 

Have a great rest of your weekend everybody!

-vegas

“LORD OF THE FLIES” MARKETS

“Press daily!”

All you can do is laugh, cuz anything else will literally drive you insane … as I

have repeatedly said before, there are no such things as “markets” anymore,

simply manipulation Ponzi schemes by government for purported “policy”

reasons [real or imagined] … all the propaganda bullshit in the world couldn’t

save the “Stock Bellies” yesterday, with the DOW30 falling about 2,000 points

… but no worries, cuz overnight the “Plunge Protection Team” [PPT] & the Swiss

National Bank [SNB] showed up at Babu’s “Don’t Worry Be Happy” 7-11

somewhere in Tahiti and bought all the FAANG stocks right off the shelves!

… Bingo!, Bango!, Boom!, and this morning “Everything Is F-ing Awesome,

Baby!” once again, as the DOW30 is up some 700 points … must be

“fun-durr-mentals” right? … and never mind all that selling in FX that sent the

dollar skyrocketing, and for the first time in a long time a “double reversal”

with range in EURUSD, cuz that train got derailed and “MOMO” got changed in

a heartbeat with stocks now skyrocketing up … “it’s a “Hoover Dam” good

thing that panic button is right near my trading screen, so I don’t have to get up

and go find it every 5 minutes throughout the day”!

And who do we have to thank for all of this “shit”? … that’s easy enough, the

morons in the faculty lounge that haven’t gotten a fucking thing right since they

were founded in 1913 … of course, if you’re a global elitist, and a card carrying

member of the 0.0001%, they’re frickin’ perfect! … and what you realize rather

quickly these days, is that like farts in the wind, markets change “MOMO” rather

quickly and then disappear at the drop of a hat, only to await the next

“panic attack” coming in 3 … 2 … 1 … “it should be obvious to anyone with at

least one functioning brain cell, that trillions will be printed & spent to protect

3000 in the SP500 … come hell or high water, the country will be financially

sacrificed via QE to protect stock portfolios of the rich, while the rest of the

Sheeple get hyper inflation down the road and the end of their standard of living

as they know it.

Chalk today up in the record books for one of the biggest financial scams ever

perpetrated on markets in the history of the world … of course, yesterday sees

the scumbag banks buy all the way down in the SP500 … no worries though, cuz

when the lights are out and everybody sleeps and there aren’t 3 rabbits trading

anywhere except at Babu’s, here comes the PPT bailing the banks out … and

“lo & behold”, what a shocker! … the SP500 is at it’s high for the day, up about

85 index points right at the time the NYSE opens … an open which every single

frickin’ day sees “Chipmunks” [mutual funds, ETN’s, ETF’s, large hedge funds]

doing all of their buying/selling  for the day in the first 5 minutes, from

9:30 AM EST - 9:35 AM EST cuz they have to by government or internal company

edict … “yes, it’s stupid & insane to force them to do this, but this is government

at work here, so WTF do you expect to happen”? … and then down goes Frazier,

taking the FX pairs with’em.

Yesterday, Bank of America, in a note to clients, lamented the fact that the FX

market is paying ZERO attention to FX “fun-durr-mentals”, and instead only

cares about the SP500 … “well, no shit genius gurus, glad you took the time to

notice, cuz we’re ALL SP500 TRADERS NOW! … and nothing tracks the SP500

quite like Cable [GBPUSD], except when it doesn’t, and their respective daily

candlesticks look eerily similar … directly below, with the SP500 the top chart,

and GBPUSD the bottom chart, here are the respective daily charts … anybody

but me see any correlation here? … it doesn’t have to be “tick-for-tick” exact,

that’s not the point … the point is, all the manipulations are connected to this

bullshit of “risk on / risk off” we hear every “Hoover Dam” day, and the money

flows track that relentlessly.

click on chart to enlarge

And so, it shouldn’t come as any big surprise then, that if the “Spoos” rallied

mightily over at Babu’s during the night, shorts were gonna get toasted in Cable

as well, and from the China open, it was straight up to the high of the day

… only, Cable wasn’t having any of this “wait for the NYSE open” horseshit, it

started going lower just after the crooks who man the Wall Street bank prop

trading desks hit the screens to start the day around 7 AM EST … Cable got a

bounce as “Spoos” hit the high just after the open, but as the “Spoos” came off

the high Cable got the “Thelma & Louise” treatment … and for the record, today

sees EURUSD & GBPUSD putting in a “DOUBLE REVERSAL” … 2nd day in a row

for Euro, which is simply amazing, cuz as I noted yesterday, you can go 3 - 5

years and not see it ONCE … so 2 dailies in a row? … that alone tells you the

“casino atmosphere” central banks are guilty of enabling with their reckless &

idiotic QE, and let’s bail out everybody!

I noted in an earlier blog, what happens when financial markets get “stretched”,

and asked the now telling inconvenient question the other day of, “Cable up 10

days in a row! … that’s nice, guess what happens next”? … you think it’s all

gonna be orderly & smooth, and all the spec long position holders already

picking out the color of that new Benz got the banks right where they want ‘em?

… guess again Skippy, cuz 70% of that gain is gone within 24 hours! … and

that’s if you’re quick … “c’mon, you didn’t want that car anyway”!

Trading conditions in Cable today not nearly as bad as what I’ve seen in EURUSD

& EURJPY, where looking at the order boxes it was a visible nightmare with 3 - 5

PIP changes in bid/offer when SHTF earlier … Cable by comparison took it all in

stride as the “Spoos” were going over the proverbial cliff … a few moments of

stop loss selling, but that happens regardless of the day in question.

And what we end up with is another day of complete insanity … anybody but me

notice how these “INSANE” days are becoming MOAR! frequent & violent in

EVERY MARKET … since the EURCHF debacle in January 2015, we’ve seen

disaster after disaster strike multiple different markets through the months … not

just “Stock Bellies” in March, but crude oil at the May expiration, and now FX has

picked up VIX & IVIX … why? … cuz “fun-durr-mentals” have changed? … hell,

nobody even knows WTF they are!! … No Skippy it’s the frickin’ FED, and they’ve

turned capital markets into “Bellagio East”, and their direct & overt manipulations

make every “Hoover Dam” market worse off than ever before … insane moves

now a daily occurrence that used to only be seen rarely … it’s the reason I refuse

to trade “Stock Bellies” any longer, cuz you can’t give me any guidelines as to the

risk I’m taking from any position.

And quite frankly, given what I’ve seen this week and today, you have to be

fucking insane to trade any of the stock indices … ZERO liquidity along with

ZERO VOLUMES, thank you very much central bank Dimwits … my only caveat

for FX is that it stops correlating when it does, and they don’t send you an email

letting you know of the “change in plans” … they didn’t call GBPUSD “The Widow

Maker” for nothin’ from back-in-the-day, it placed many a floor trader in the

“Traders Graveyard” with its wild ass swings, reversal & double reversal days

… whereas before 2016 and BREXIT, when there were in place some unwritten

rules about trading FX, that was all blown to shit with the EURCHF, and now we’re

at the point where the only rule is there ain’t any rules … which means if you do

“stupid shit” they will gladly carry your account out the door “toes up”.

Two algorithm buy signals today in GBPUSD … TURNKEY PAMM / MAM UP

SLIGHTLY LESS THAN 0.1%

Our 2 buy signals were the only 2 of the day, both profitable, and it’s not exactly a

day where getting long is the path to riches … that’s easy to notice in hindsight,

as 13 of the last 14 M30 candlestick are down … straight up in Asia, Europe waits,

and then “Thelma & Louise” from “Stock Bellies” … it is what it is, but as I said in

a previous blog post, FX spec positioning versus the banks is all important, and

when the specs get caught long, blood tends to soon follow … did you think

everybody gets to make money? … it’s good to be back on the “profits trail”, the

trading algorithm totally nailed the 2 long positions, and the signals are

exemplary when we get them … as I noted yesterday, I made some logistical

changes to deal with slippage, so what happened yesterday in EURUSD &

EURJPY doesn’t happen again in Cable … all in all today went smoothly, and I

had no issues with any of the trades … some good positive up days, and we’ll

book some really good profits going forward.

Blog update on Sunday … until then mi amigos … Onward & Upward!! 

Have a great weekend everybody!

-vegas