GRIFTING MARKETS CONTINUE THE GRIFT

 

“What the Faculty Lounge Lizards at the FED don’t understand!”

Yesterday was a coordinated attack on financial markets, that started in Asia

with the BOJ buying up ETF’s and working its way through U.S. “markets”

[cough, bullshit, cough], that ended up with Wall Street banks getting bailed out

again after days in a row of non stop selling … and once again I’ll repeat, “the

“Plunge Protection Team” [PPT] isn’t there to sop up selling … they’ll let you sell

and drive price lower … but when the scumbag banks tell them that the selling

pressure has abated, they come in and destroy the market on the upside, thus

bailing out the banks that bought all of the shit all of the way down ...somebody

tell me why this is legal? … explain please why printing money out of thin air and

thus causing inflation that hurts everyone not part of the global elitist empire, is

OK to bail out scumbag banks and prop “Stonks”? … why? 

Of course, there is no answer that is satisfactory … you’re simply supposed to

STFU and believe that the Dopes who created the problem are the perfect

candidates to solve the problem … top to bottom worldwide, governments are

immoral & corrupt and people know it … there wouldn’t need to be crypto if

these asshats did their job, but they don’t and won’t cuz they’re corrupt to the

core, and yesterday’s clusterfark rocket ride to the upside in “Stock Bellies”

proves it.

And so here we are the day after, and “Stock Bellies” are drifting … of course

they are, cuz that tidal wave of hot money is waiting for more manipulation from

the FED … CNTRL-P & QE are all that matters, right along with the level of the

SP500, where the other day I said the FED would defend the SP500 at 4150 with a

passion … yesterday’s low was approximately 4139 before the buying frenzy

festivities got underway and the rocket took off to the upside … gold for its part,

is most likely dead money until the start of next week and Basel 3 … volumes are

pathetic and another batch of specs learn the lessons of gold the hard way

joining generations before them in thinking gold is a one-way street … all that

matters of course is that the bullion banks, most notably JPM, are bailed out of

their massive short positions by the FED right on cue.

In any kind of “normal” free market, there would be follow through overnight to

the upside … but not “Stock Bellies”, cuz there is no “normal” here … and each

passing week / month it gets worse, cuz the FED has gotten itself trapped inside

a failing financial system that needs more & more manipulation to sustain itself

… lies built upon lies that get papered with money fresh from the CNTRL-P

machine and sent straight to the banks via manipulated bond buying of treasury

securities that guarantee risk free profit … just checking, have they offered you

that deal? … NO? … hmm, I wonder why not? … oh, wait a sec I forgot, you don’t

send any “skim” back to ‘em! … BOOM!, there I solved it for ya.

Spicoli gives a speech today, along with a gaggle of other Lounge Lizards, where

it’s the usual preening & prancing before cameras to sound like there’s a “there”

there, and so don’t let any small children listen to this bullshit [climate change?]

cuz it will stunt their development and lead to the belief that lying through your

teeth every second of every day is acceptable … you want your kid to grow up

and be like a POL or Apparatchik? … didn’t think so.

Since PATREON is no longer an option for us cuz they think I’m divulging “ state

secrets” or some such bullshit and I’ve been banned, and I was going to release

to those who signed up, I’m simply going to release my research & development

here on the blog and in pdf documents when appropriate … if it’s valuable to you

then donate … there, I solved it for you! … myself and my staff [mainly the dog

who simply sits and eats deli roast beef] have run many, many simulations on

various algorithms with varying parameter changes … and while my network

system can’t rival JPM or Squid, it doesn’t need to for it to be effective … quite

frankly, it’s difficult to break down algorithms for trading cuz you need to see

them fail first so you know what caused the problem, and quite often that isn’t as

obvious as you might think … and even then, many times the difference between

one versus another is so slim you really don’t know which is best … having said

that, if you’re a trader that above all else wants SIMPLE, then I have SIMPLE I’m

gonna share with you … from my perspective it works very well in all markets,

and for those of you that “just have to trade FX” for whatever reason, I seriously

can’t find anything much better!

On the M1, HULL MA COLOR, period 13 [use other parameters in the algorithm

pdf in Download Links to get it and install], and a “smoothed” MA period 4 LOW

… at the crossovers get long / short WITH CONFIRMATION, and let the pony ride

… use spikes in your profit direction or when price stalls to liquidate … that’s it,

pretty simple. When the HULL MA has a “flatish” slope over an extended period

of time 20 - 30+ minutes, leave the market alone until it gets one. I’ll have

examples tomorrow, but there’s nothing stopping you from putting it on an M1 for

any market, along with volume MA, and MFI for added information. For markets

that aren’t particularly volatile, for scalpers it works slightly better than the

algorithm with supertrend … for day traders, the supertrend algorithm works best,

and many times the signals will coincide and neither has an advantage … let me

add, though, that I have not rigorously back tested one against the other over a

long period, only over weeks with different market trends up/down … overall, the

supertrend is ever so slightly better, but if you’re mainly into scalping I think

this configuration using ONLY the M1 is best … more on this tomorrow.

Multiple algorithm buy signals in DOW30 today … TURNKEY PAMM “UNCH’D”.

I’m gonna call this other mostly scalping algo, the “period 4” algo … our first

signal was a “false positive” on the supertrend algo that cost us, and then I

switched to the “period 4” algo and essentially made it back minus commissions

… so basically unch’d. The “period 4” algo most of the time is slightly quicker on

the signal, and that allowed us to take advantage on a slight up move … if I had

switched earlier, we wouldn’t have made the first “false positive” trade … now into

the New York afternoon, slope on the HULL on the M1 is mostly moving sideways,

and has been for the last hour & a half, so I’ve moved to the sidelines ‘til it gets

one … if we get to 3 PM EST with no change, I’ll stop for the day, cuz that’s my

cutoff point … I want no part of the last hour of “scumbaggery” from the usual

suspects in “Stock Bellies” … gold for its part, as I said earlier, is probably gonna

be a minefield until next week’s open and we’re into Basel 3 … until then, it’s a

real crapshoot.

Over the next 5 - 10 days, I’ll post a pdf for the “Period 4” algorithm so it’s in hard

copy, but tomorrow I’ll have more info for everyone … today sees some people

on live chat, but let me remind readers that when you show up give me a few

minutes to reply and/or show up … don’t sign in and then 30 seconds later log

out ... cut me some slack here and give me a few minutes to respond.

Over in crypto, multiple trades in ONTUSDT, and “The Syndicate” is up

approximately 0.15% … until BTC turned around from under 30K, it was a very

rough trade, with not much on the upside … let’s hope there’s more to this

turnaround and the days ahead can produce some good gains on the upside for

the alt-coins … not a lot to cheer about lately in this space.

Outta here … “the future’s so “GOLD”-en bright I need sunglasses”! 😎

… Onward & Upward!! 

-vegas

WHAT DO THEY HAVE ON YOU KOMRADE BULLARD?

 

“I can’t wait for the FED to come clean someday … Bwahahaha!”

I guess $2.2 TRILLION in options expiration today isn’t enough, so we also got to

have a FED Pie Hole open up on North Korea’s Business Channel of choice,

CNBC … and markets didn’t like it one bit … so my question is, “What do they

have on you Bullard”? … cuz it’s quite obvious to me he’s shilling for somebody

with an agenda, and it ain’t the Sheeple in ‘Murica.

The bloodbath in DOW30 stocks [financials] continues, and the rotation back into

tech is a tsunami … in my decades of trading indices, I’ve never seen such fast &

vicious rotations in & out of sector groups like we see today … simply unreal, but

welcome to the financial casino.

And in case you’re not watching closely, the dichotomy between sessions has

become a nightmare … like a light switch … and in the blink of an eye, hours of

price action get taken out in seconds and minutes, and over these last few weeks,

the NYSE open at 09:30 AM EST has become the starting line for the U.S. session

for some wicked and eye watering moves, ALL to the downside … and then on a

Friday morning here comes a FED Pie Hole pouring gas on the dumpster fire, but

then assuming everyone believes “they got it covered” so no big deal … the

hubris of these Dopes never ceases to amaze!

I want a piece of a $2 TRILLION plus roulette bet [a/k/a options expiration] like I

need another problem in my life … “thanks, I got plenty”! … and if “speed of

light … crickets” isn’t bad enough, how about “speed of light on STEROIDS &

METH … crickets”, cuz for the last week to 10 days, that’s about all we have

gotten, and guess where the U.S. session fits into this equation? … right, the

“crickets” portion … that is until some FED PIE HOLE says something normal

[meaning utterly stupid] and all hell breaks loose yet again as they feed the elitist

agenda at your expense … this week has been a waste trading wise, simply cuz

neither the DOW30 or gold has spent more than about 5 minutes on the m15 in

“buy mode” for the m15 candlestick … from the perspective of wanting to be

LONG, the algorithm has successfully done its job extremely well, keeping us out

of trouble while markets get “monkey hammered”, and if being short is your forte

[not mine] this week was like hitting the powerball lottery it has been that good.

As we head towards the NYSE close and Opex, if things stand where they are

now, the DOW30 looks for its 10th day in a row DOWN, and my guess is you have

to go back to the ‘08 financial crisis to see this phenomena … gold simply

continues the bloodbath lower as the “BTFD & then pray” crowd gets bludgeoned

… blame the Chuckleheads in the Asian session who bid it up thinking “bottom”,

only to see Europe & New York show up and take it all away … gold doesn’t

bottom until the Chuckleheads puke it lower first!

And all of this mound of casino horseshit piled high as the moon in financial

markets, you can point your finger at the Faculty Lounge Lizards at the FED, and

ask why? … simple really, just follow the money after they leave the FED and

you’ll get your answer.

As you can tell from the website header, I’m proud to be banned from PATREON

… can’t have good, clean, educational material in Adobe pdf … nope … gotta

have filth on YouTube or any of the other multimedia darlings peddling junk, and

that’s perfectly acceptable … an absolute joke … come Monday I’ll have a chat

portal on the website where anybody can join and ask questions that’s FREE,

and if you would consider a crypto donation [BTC, ETH, or USDT] the wallet

addresses are in the header and I thank you in advance.

Once again, I ask the question … “What are you supposed to do in market

shitstorms like this, where it’s either bat shit crazy [BSC] or dead”? … moving

wildly or literally not moving at all … then some asshat from the FED opens up

and Bingo!, Bango!, Boom!, it’s off to the races … WTF comes to mind when this

is all you got! … and once the NYSE opens, it’s essentially crickets all over the

place to the close, where once again the croupier spins the roulette ball around

the wheel for the FED’s casino … and make no mistake, you can lay present day

FUBAR trading conditions right at the feet of these asshats who have no clue,

except of course what their masters want of them … what bullshit.

Meanwhile over in crypto land, it’s a slow walk down the hill with very little “pops”

to the upside … it sure ain’t like it was 10 weeks ago that’s for sure, as VIX is

getting unmercifully squeezed lower … upside activity is a ghost town, cuz

volumes have significantly dwindled. Range today in ONT is better than previous

days, but since i got up it’s only about 500 ticks with another slow walk down the

hill … and when you don’t have volumes, you don’t have FOMO … and when

there’s no FOMO to buy, there’s no panic to sell and that leads to no “buy fuel”

off bottoms … where we were seeing 10 -20 trading algorithm signals a month

ago, today there was maybe 1, and even that didn’t go very far … ditto with ETH

as well, so crypto is hurting right now cuz specs have walked away.

Once again today no trades in anything, most likely due to Opex and the bullshit

surrounding this 4 times per year casino event … with only about an hour to the

close, there isn’t anything here, and even if something did happen, there’s no

time left to take advantage … DOW30 down 10 days in a row, and gold once again

spending the entire day in “sell mode” in the algorithm day trade model

… scalping this week has been a nightmare, and so I’ve made an effort to

concentrate on day trade mode … not that it matters, cuz 99.99% of the entire

week has been in “sell mode” … it is what it is, and hopefully next week sees

recovery without the gamma horseshit driving trading.  

Blog update on Sunday … Outta here … “the future’s so “GOLD”-en bright I

need sunglasses”! 😎 … Onward & Upward!!

-vegas

CLEAR SKIES? … OR THE EYE OF A HURRICANE?

 

“Unlimited QE … “Stonks” can never go down … problem? … Wut problem!?”

“Stonks” love inflation, just ask the 1970’s and early ‘80’s … err, wait cuz they

suffered mightily … now with the 2 biggest set of Dopes ever to head the U.S.

into the next financial quagmire, with policy choices that are literally insane, it

seems a good time to review “Stock Bellies”, specifically the DOW30

[a/k/a “The Tulip Bulb 30”] … the belief that the FED is protecting “Stonks” is

widespread among traders / investors, and has been since unlimited QE showed

up … there’s a whole new generation of folks who believe “bear markets” last

about 1 - 5 hours [tops], and if it really gets ugly maybe a few days … and the

entirety of the indices space is ruled by the “88/6/6” paradigm … BUT FOR HOW

LONG?

The “U.S. of China” is running into the math here … [I know Barbie, math is

“racy-ist” and hard, but nonetheless totally REAL!] … and while it hasn’t gotten

ugly yet, today so far, the DOW30 is down for the 6th trading day in a row, where

in the previous 5 days, the “Chipmunks” get fed at the NYSE open, and then all

hell breaks loose to the downside in seconds … not exactly comforting for longs

is it? … what can the Faculty Lounge Lizards at the FED do? … all they know is

CNTRL-P 24/7/365, and “Brrrrrrrrrrr” goes the money printing machine … at some

point, it doesn’t matter anymore!

Well, that escalated quickly didn’t it? … gold gets monkey hammered, and again

I have to ask the question of, “is this FED led to save JPM and the other bullion

banks from their “unallocated” shorts that have to be closed by Friday’s close of

June 25”? … and suddenly the topic of “talking about talking about tapering" hits

the financial MSM … how convenient isn’t it? … and when the shorts are covered,

watch this “talk” disappear!

And again for gold, ALL of the action is in either the Asian session or the

European session right up until the NYSE opens … and then let the bullshit

commence, as today shows with perfect clarity!

The DOW30 not liking this tapering talk one bit, and with indices at or near record

highs and at all time nosebleed levels, we could be at the start of the back 6% of

the paradigm … dunno yet, but rallies are awfully short lived and very shallow in

scope … and it makes for ugly scalping, and for those looking to be LONG, we

aren’t even close on the m15 to be in “buy mode” … in gold, there was volume

pre NYSE open, but since then it’s been a disaster … think that’s an accident?

[there are no accidents in trading] … and like much of Friday, this is bullshit to

the downside and just something to deal with … meanwhile, silver is “UNCH’D”

and that should tell you all you need to know about gold and the “scumbaggery”

around the Basel 3 stuff happening in 2 weeks, and how the banks are being

bailed out by the FED … “who do I email to get this deal”?

We’re into the early afternoon of the criminal New York session, and like many

times before, it’s “speed of light … crickets” … Loser formation, and have a nice

day … I mean, it is what it is, what can I say, cuz unless you want to sell the break

there’s nothing to do in the DOW30, and in gold, once the “scumbaggery” around

the NYSE open was done, it’s been straight sideways with volumes shrinking by

the minute … this is a disgrace, led entirely by the FED … I can’t wait for these

scumbag banks to be out of precious metals trading … and in “Stonks” the

biggest rally of the day [20 points, big whoop] comes at 1:30 PM EST on

shrinking volume as well, and the trading action is pathetic … there simply is

no “pop” to price movement, simply a crawl, and this isn’t what I’m looking

for … Oy!

Meanwhile, crypto is dead, with some BTC bounce over 40K on an Elon Musk

tweet … other than that, stone cold D.E.A.D. across the alt-coin board, with ONT

having an approximate range of 500 ticks, where its 20 Day Range MA is sitting

at 330 and a few weeks ago was over 1800 ticks … talk about a contraction in

VIX, this is a collapse! … today even ETH in a pitiful range of only approximately

$150, with a 20 Day Range MA of over $400 … [help!, I’m melting!] … and

suddenly, in an act of pure hilarity, here come the scumbag HFT LP(s) at Turnkey

in ETHUSD, and the bid / offer spread is under $2 … “I guess ripping people off

with $7 - $20 spreads when it was moving, ain’t quite workin’ for ya anymore, am

I right or am I right? … so now, with hat in hand and biz crumbling you want me

to trade this? … how does fuck off sound? … keep it there for a month and I’ll

consider it … geesh, what a bunch of scumbags”!

FED meeting tomorrow and Wednesday, and boy does Spicoli have a juggling

act ahead of him on Wednesday, where the bullshit coming from him will be so

fast & furious, you’ll need hip boots to withstand the torrent … of course he’ll

lie, and then talk out of both sides of his mouth like all Apparatchiks & POLS

do and give bones to each side of the fence and leave everyone with a headache

that listened to this shit … 5 minutes after he’s done, nobody will remember

anything he said. He’s gonna be asked about “talking about talking about

tapering” and when, with enough caveats to make anything meaningless … look

it’s pretty simple … THE FED CANNOT RAISE RATES IN ANY MEANINGFUL WAY

EVER AGAIN CUZ OF THE FOREVER QE CNTRL-P AND THE TRILLIONS NEEDED

FOR DEFICIT SPENDING … the U.S. of China is fucked and everybody with a

brain knows it, and the hope of all of these FED Lounge Lizards is to NOT BE

THERE when SHTF … who knows when it starts in earnest, but start it will, either

sooner or later, cuz there is no choice anymore of paying any of this

astronomical debt off … it gets wiped away via hyperinflation!

It’s after 2 PM EST, and I’m pulling the plug on gold and the DOW30, for any

possible trade via the algorithm in day trade mode … it ain’t there, and if it

shows up, there isn’t enough time to let any market work like it should … from a

scalping buy mode perspective, volumes suck so badly, the parameter settings

for a scalp buy are skewed cuz of the pathetic volumes once New York gets

going … in other words, “buy fuel” becomes an illusion for profitable success

cuz there ain’t no volume to speak of, and the trade becomes simply a “coin flip”

… is this your strategy then? … well, it ain’t mine!

No trades in anything today, and most likely tomorrow and Wednesday get

progressively worse in terms of trading action, up until 2 PM EST on Wednesday

when SHTF and we can expect some major explosions in price somewhere

… sure, we could get some surprises, and if we do I’ll be here to capture them,

but I’m not expecting any cuz as ZH aptly notes, this is Spicoli’s most important

FED meeting of his career, and that means “hurry up and wait”! … we’ll see.

 … outta here … “the future’s so “GOLD”-en bright I need sunglasses”! 😎

… Onward & Upward!!

-vegas