WHEN IDIOTS RULE

 

“How do you like me so far after 17 months!?”

It’s so bad, even his own VP, the “Manchurian Candidate” herself, one Cackles

Harris wants nothing to do with him … have you seen her at all with him in

anything? … has anybody seen her at all? … nope, disappeared into the closet

while another staffer quits … the entire U.S. Government is run by Satanic Idiots,

where apparently killing unborn babies is = “reproductive health”, and by the

looks of it, Ukraine is gonna become the 51st state, having leap frogged over

illegal aliens from Central America in vying for “free shit” … amazing how these

Asshats in Congress can give Ukraine $40 BILLION for nothing, but Veterans

here are facing massive problems, declining growth in wages & standard of

living for people who actually work, shortages of baby formula, shortages of food,

and the lower & middle classes of ‘Murica can GFY, thank you very much POLS

… you don’t count Skippy … only at election time do they come around cuz they

need to keep power above all else, and even bigger Idiots give it to ‘em … sorry,

this country is screwed!

It’s the “same old, same old” bullshit in FX today … “lightning or crickets … large

m1 spikes followed by hours of tiny m1 ranges … EURUSD can go 40+ PIPS in 3

minutes, then can’t go ± 5 PIPS over the next 2 hours from the median … in other

words, a complete inconsistency in VIX that allows “traders” to make money

… no corrective activity that means anything, that your looking for to open a

position … the scumbag LP banks aren’t allowing that anymore … ditto with YEN

… and if you happen to get caught in one of these lightning strikes? … well,

you’re screwed cuz VIX is over and ain’t coming back to help you … and therein

lies the problem! … throw in dirtbag quotes and slippage, and now it’s even worse

… great, EURUSD under 1.05 … after the European open where it went down

40+ PIPS in 3 minutes, tell me now what’s the aftermath? … there ain’t any!

… mindless bullshit chop coming into the New York session … oh yes, plenty of

trading action in the “Spoos”, but if you trade at Turnkey you’re gonna discover

that your cost to trade the “Spoos” is right around 3 FULL INDEX POINTS … go

ahead, click away, and then let me know how long it took you to figure out you’re

getting fucked blind.

We’re getting to that point in the process of massive liquidation of everything

financial where the ONLY thing that matters is what happens in the New York

afternoon, specifically the “Spoos” … more than likely “Stock Bellies” won’t be

able to hold early morning rallies, but get past NOON and if this stuff starts

kicking in to the upside, look the Hell out cuz like previous rallies it’s fast &

furious … and unless the Dopes at the FED get off their ass and start talking

about pulling back from this insane outlook of repeated 50 & 75 bps rate hikes

like it’s biz as usual, “F-ing Ho Hum”, it isn’t gonna matter much when the

financial world is on fire and nobody will listen … you think they’ll listen?

… don’t count on it.

What did we learn today, besides the fact the entire financial world is as fucked

up as the political one? … 1) markets are moving faster than anything you got to

track them, and the turns are mind blowingly vicious … in other words, unless

you get in BEFORE the fact, you got no chance of getting a decent fill

… 2) central bankers are completely clueless, 3) USDJPY feels like a top has

been made and it’s very likely YEN is gonna be a B.I. Itch to trade going forward,

and 4) we learn that Turnkey is just as big a pile of shit in the FTSE100 as they

are in every other stock index they offer … the spread is an ILLUSION … 0.7 index

points my ass! … what a rip off, with the REAL effective spread after the rape

approximately 2.7 - 3 FULL index points … so, the 50/50 maybe it’s got a shot to

be legit, is sadly bogus … like all of their “Stock Bellies” indices, not worth

trading cuz they are RIP OFFS!

It appears crude oil is maintaining a 3 cent spread, and tomorrow it gets its shot

at some algorithm trades … and like the FTSE100, I don’t know if the 3 cent

spread is legit or bogus … we’re gonna find out tomorrow … my guess is it’s

bogus, the only question being how much does the robbery cost? … volume

will be light, so no matter the mugging if it happens it won’t involve anything but

an inconvenience to the bottom line … what I’m interested in is whether or not

they make a legit market … so far, their track record sucks, but we’ll see.

Only the one FTSE100 algo buy signal today … it came mid morning Europe

… and after that hold up, I’m no longer interested in anything Turnkey has in the

stock indices … rip off artists in the extreme … TURNKEY PAMM UP SLIGHTLY.

When you look at these markets, at first blush the ranges are excellent … but

underneath the hood lies danger, in the fact that everything except crude oil has

extremely inconsistent VIX throughout the day … liquidity is awful in major

markets, and the “Spoos” trade like a fucking penny stock in Vancouver via the

“pink sheets” … thanks FED! … meanwhile crypto is at a crisis moment and

doesn’t look good at all … I’m completely out of crypto, and have been since BTC

went sub 50K after hitting an ATH of about 68K … ditto the Mrs., who now trades

crude & the “Spoos” … and looking at BTC, forget BTFD, and look to STFR if you

want to prosper going forward … quite frankly, IMHO it’s gonna be a very long

time before crypto regains its luster … sure, there’s still dinero to be made, but

the easy money is on the sell side first! … trade it, don’t marry it!

… outta here  … “The future’s so bright I need sunglasses”!! 😎😎

… Onward & Upward!!

-vegas

MAYBE BTFD HAS TURNED INTO STFR

“Where did all the buyers go!?”

 

Get the feeling nobody wants to be long over the weekend? … who knows what 

silly ass, idiotic, and downright stupid rules government will come up with next 

to ruin economies, over the FUCKING FLU! … WE’RE ALL GONNA DIE! … but 

won’t, and life goes on with the Elites not bothered in the least, while middle 

‘Murica suffers at the hands of idiots & morons. Make no mistake, financial 

markets are not reacting to the actual COVID mutation [Omicron] and fear it 

… what markets are reacting to is the KNOWN QUANTITY OF GOVERNMENT TO 

FUBAR THE ENTIRE RESPONSE, and absolutely do the wrong thing 100% of the 

time … “oh aren’t we lucky the U.S. has got “Taliban Joe” and the disappearing 

Manchurian Candidate as VP … these 2 Dopes couldn’t sell ice cream at the beach 

on a hot day without fucking the entire process up … anybody listen to the “Head 

Dope” lately? … can’t even put two sentences together in a cogent thought 

without mumbling, bumbling, his way through a stack of lying bullshit stories 

… an absolute fucking disgrace, who has no idea where he is or what he’s 

doing … oh yea, things will turn out swimmingly won’t they”?

 

“Buy the fucking Dip” [BTFD] has turned into “Sell the fucking Rip” [STFR], as 

today we learn over on ZH that corporate insiders are unloading “Stonks” at a 

record pace to … wait for it … retail specs! … yup. Mom & Pop have finally figured 

out it’s time to buy “Stonks” cuz they never, ever go down [maybe minutes but 

that’s all], so what can possibly go wrong? … well, to put it mildly, PLENTY CAN 

GO WRONG AND IS!

 

Make no mistake, we’re in the back “6” of the “88/6/6” paradigm, and while the 

ultimate goal here is to make money, the top priority is to not get “whacked” 

… and the last few days has seen the BTFD’ers get a call from Sil & Paulie … and 

it’s been flat out ugly the moves down … get the “Spoos” under 4500, and most 

likely it gets even uglier cuz gamma turns negative quickly, meaning scumbag 

dealers have to sell “Stonks” to cover naked short rising put option prices that 

are going exponential to the upside … it can make for some of the ugliest moves 

in stock market history, and given how much this “”Bubble” is overvalued, and 

the number of Chumps still involved in it, yea the downside has plenty of potential 

for being ugly with a capital “U”!

 

You have to be really careful in the back “6” of the trading paradigm when the 

range for the day gets blown out “bigly & yuge” to the downside … for “Stock 

Bellies” there is a specific “fingerprint” that is golden for buying, and when SHTF 

it appears with regularity … however, like gold and to some extent crypto, what 

looks good one second is dog shit the next, and the red spikes down can be an 

account killer if you’re too eager pursuing the bottom tradeable bounce that isn’t 

what you thought it was … the “Spoos” ain’t the place to be doubling, tripling, 

quadrupling [or more] up when price is running against you, especially in the 

back “6”, where conditions can turn “nasty” in a heartbeat and then you make it 

worse cuz when you get out you’re adding fuel to the fire against you! … the tiny 

rallies you can take advantage of in normal market environments [the “88” part of 

the trading paradigm] via scalping, you have to pass on when in the back “6”, cuz 

they aren’t worth it and will get you into big trouble.

 

As you might have figured out, getting algorithm buy signals in the back “6” of 

the trading paradigm isn’t easy on big down days … there are going to be far 

fewer opportunities than normal … of course, if we knew when the back “6” 

showed up we could get short and make a killing, but they don’t send out emails 

for big down days … and if you consistently try and short the “Spoos”, I hope your 

account is big enough to sustain the regular losses waiting for the “big day” when 

the market goes down hard so you can breakeven if you catch it! … and my 

experience over the decades watching many try, has been watching nothing but 

slow motion train wrecks cuz they’re never around long enough to catch a big 

move down … cuz they’re in the “Trader’s Graveyard”! 

 

Now here we are in the New York afternoon, another “bigly & yuge” range day in 

the “Spoos”, with another reversal day from the lows to the NFP highs, to the 

“Thelma & Louise” drop that commenced next right after that … swings that are 

hard to swallow in a market like the SP500, clipping along with ± 2%+ moves 

within very short periods of time … as I’ve said before, for what you’re trading, 

the VIX when SHTF is 2X - 5X HIGHER THAN BTC AND/OR ETH.

 

Post NFP Idiocy, only one algorithm buy signal today in the SP500 … TURNKEY 

PAMM UP FRACTIONALLY … “hey, when it doesn’t wanna go, it doesn’t go”! 

… every day this week has seen the range get blown out way past the 20 Day 

Range MA … and while some of that can be expected given the initial news on 

COVID, the darker truth is that Spicoli is 1) an idiot that people have just figured 

out, and 2) maybe just maybe, the FED ain’t your friend anymore with the 

“FED Put” … and since this market is sooooooooo overdue for a correction it’s 

laughable, maybe the new COVID is simply the new catalyst for moves to the 

downside for a while … what happens if all of 2022 is a “down market”? … OMG, 

people will be jumping out windows! … oh the humanity!

 

Over in crypto land, “The Syndicate” UP APPROXIMATELY 0.3% on multiple 

trades in ETH … some good scalps in a down market post NFP, where it bounced 

hard off the then bottom … again, crypto with a very good “fingerprint” for scalp 

success ... another grinder day.

 

Given the action this week to the downside, I’m satisfied with our results for both 

the PAMM & “The Syndicate” … not an easy task to make money from the long 

side of things when everything is melting down … I’d like to see a slight decline in 

the bat shit craziness going on, but it’s anybody’s guess if that happens or it gets 

even worse … in any event, we’ll be there for it and make money!

 

… outta here … “The future’s so bright I need sunglasses!! 😎 

… Onward & Upward!!

 

-vegas 

 

 

 

 

 

 

 

 

 

 

 

THE WORLD HAS GONE INSANE … EMBRACE THE SUCK!

“A metaphor for the entire world!”

You know shit is getting insane, when Tom Brady going to the Tampa Bay Bucs

makes perfect sense … moving to the trading world, very few markets even

tradeable in their current status as competition for Keno in Las Vegas

… bid/offer spreads blown to shit, that unless you’re certifiably fucking insane

yourself, you will leave alone cuz they make no sense whatsoever to pay the

fucking scumbag LP bank “vig” that would make Vito Corleone blush with

complete envy if he were alive today … “if he only knew of the possibilities of

the “legit” scam of being a “liquidity provider” [cough, bullshit, cough] and

being totally unaccountable to anybody while raking in the cash”.

We’re into the opening minutes of the New York session, and unless you’re going

to tell me that gold is going to start consistently putting in $100+ ranges every

day from now on, which would be understandable if the price were $5K per OZ.,

paying upwards of $1.50 per OZ. to trade this shit is literally insane … I don’t

care where it goes or what it does, you pay that kind of “vig” to simply trade it,

and you’re nuts … “you want “stupid shit”? … this is stupid shit”! … the bank in

essence is saying to you, “OK, we don’t really want to do anything with you, but

if you’re fucking stupid enough to hand us free money, then we will take it from

you … how does that sound, Skippy”! … at least if you played Keno in Las Vegas

[if they were open, and realizing it is the worst game to play for winning of all the

games they offer to the public], they’d give you free buffet meals and a beer … all

these scumbag LP banks will give you is the middle finger and add slippage to

the “vig”, making it worse … “you like pain? … well here ya go”!

Last night in the Asia session, some great signals from the trading algorithm in

gold, but who the fuck is gonna pay $2 per OZ. in a spread to trade it? … and it

stayed like that through the night, into Europe, and here we are in New York where

it has only begrudgingly come down to the $0.70 - $1.50 range … meanwhile over

in FX, unless you want some EURUSD or USDJPY action, which is slowing down

back to normal, everything else is bat shit crazy including Cable which has 3 PIP

spreads that make ZERO sense … the crosses? … fugetaboutit! … again, you

want pain from trading?

“Stock bellies” LIMIT DOWN as I write … must have been a new bellies report

overnight or something … dunno … add it all up, and the whole world has gone

fucking insane … morally, socially, culturally, and now financially “off the train

tracks” … decades of Libtards & Progs pushing their decadent “secular

humanism” agenda of destroying religion, the family unit, and replacing

everything with government, has finally been laid bare this last month … “guess

what snowflakes? … government can’t solve shit … they are not the solution,

they are the fucking problem … and now your stocks are down, you can’t go to

a concert, your new age yoga class has been cancelled, and most importantly

you can’t get a triple raspberry diet latte at Starbucks cuz they are closed!

… OMG, the world is ending!!

Doing some back of the envelope ciphering, I figure central banks are gonna QE

CNTRL-P about $5 trillion dollars of pure money printing in the weeks & months

ahead … are mines producing more physical gold than money being printed?

… “yea, I don’t think so … and gold is down “bigly & yuge” from a frickin’ week

ago? … go try and buy some physical gold coins at a local bullion dealer and see

what happens … NEWS FLASH: they either don’t have any gold to sell you, or if

they do the “premium” for what they do have will blow your mind … ditto for

silver, only far worse, with $10 per OZ. premiums for bulk silver coins, that in

essence almost doubles the price! … “WTF is this?, should be going through

your mind”.

It’s almost as if we live in Stalin’s Soviet Union, and you’re told that chocolate

production was plentiful this year during glorious leaders 5 year plan, and

chocolate bars are plentiful & cheap at your local store … only you go to the

store and there is NADA … you ask the manager where are the chocolate bars,

and he almost falls down laughing his ass off right in front of you.

Gold “officially” opening in Chicago now, and the spread has magically come in

to about 30 - 50 cents … we will see what happens going forward, and if the

action in “stock bellies” has any carryover effect during the day, when the money

laundering NYSE opens up later in about an hour from now. EXIT QUESTION: “is

the rest of the entire world so “backward”, that even in Japan & Europe you shit

weasels see the need for exorbitant spreads in a large market like gold”?

What we have on our hands here folks, is a giant “deleveraging” of many trillions

of dollars of financial derivatives, could be as high as “quadrillions” cuz nobody

knows for sure, that involve FX, crude oil, stocks, interest rates, gold, and

probably even your favorite collectible … “cash is F-ing king! … especially dollar

cash … and the unwinding is dwarfing centrals banks efforts to either stop it or

sop it up … fact is, they don’t have the money, even with the CNTRL-P machine

and all the ink in the world … get short you say? … sure, until that 2 millisecond

$5 ramp up takes you out on the high, goes nowhere, and then proceeds to leak

water to another new low.

Quite frankly, there are only 2 markets right now that aren’t completely FUBAR-ed

beyond recognition … USDJPY & EURUSD … Yen scares the shit out of me cuz of

that lunatic running the BOJ … despite the blah blah of the ECB, they’re dead

broke and out of any ideas that work … and the E.U. is a coronavirus basketcase

of fucked up policies and idiot POLS & Apparatchiks, so in my mind what’s left is

EURUSD … we’ll see, but everything else on the MT4 board has had bi/offer

spreads blown the fuck up to insane levels that make no sense from a traders

perspective … just literally cashew nuts insane … gold is barely tradeable right

now, although throughout the entire NY day, there have been no discernible

bottoms worth buying … maybe that changes here in the P.M. of the afternoon. In

any event, it gets summed up nicely over on ZH, with the link directly below.

https://www.zerohedge.com/markets/what-12-trillion-dollar-margin-call-looks

Meanwhile, “stock bellies” are back at “LIMIT DOWN” … no doubt trapping more

& more BTFD dopes, who can’t see that for the time being, the game is STFR

… since this entire crisis began in late February, there have only been 2 trading

days where the high for the day exceeded the previous day’s high, and not by all

that much either … the rest of the time, it’s been a complete no go, and until the

dopes at the “Plunge Protection Team” [PPT] & the BTFD-ers STOP WITH THE

EARLY BUYING, and using up precious “buy fuel”, these swoons lower in the

afternoon will not stop … the bottom comes on a day when all hope is lost

throughout the night and into the early afternoon in New York, and then after

Europe closes all hell breaks loose to the upside with a massive rally into the

close that continues the next day … until then, fugetaboutit!

And what happens when all the asset bubbles go “POP”!!? … well, shit goes

lower in price, and that includes gold … first the deflation depression, then

quickly followed by the hyper inflation … and given the multiple trillions to be

borrowed and spent by everybody, that inflation will be something to see when it

happens.

Hell, we can’t even get a couple of days for any of these markets to calm the fuck

down, the level of leverage and now panic so high it’s literally a “once in a

lifetime” event … today sees GBPUSD & crude oil get destroyed beyond belief to

the downside … gold not much better, where the trading actions & conditions

have been nothing short of “fucking horrible” … on a scale of 1 - 10 with 10

being worst, gold today is at about 99 … the very brief “flickers” of price going

up, get immediately annihilated very quickly, and what that tells me is that, at

least for now & today, there is very heavy selling interest overhanging the market,

looking to sell into any move higher no matter how small … and as I write, just

like that gold loses $10+ per OZ hitting a new low for the day … in this level of

panic liquidation, I have no idea where the bottom could be in gold … somewhere

above ZERO, how’s that?

We’re in the Gotham afternoon … gold is trading with a $1+ spread, and that

doesn’t even consider the slippage, which I can guarantee you is set at “triple

fuck you” MAX … GTFO with that … Cable is trading with 5+ PIP spreads

… again, GTFO with that, not interested in helping pay for the 2020 X-MAS party

at the scumbag LP bank … the crosses? … right now, GBPAUD is trading with

12 - 20 PIP spreads … wut? … right, so sayonara crosses … the SP500 “stock

bellies” is trading with ½ index point spreads, which is not so bad, but the

problem here is what happens if you get long / short and it goes “LIMIT” in a

heartbeat against you? … now what Einstein? … the problem with all of these is

that the reward / risk ratio is about “1 X 10”, meaning you win and make a buck,

and if you lose you’re down $10 … massage that all you want, you can’t make it

work!

So until this bullshit ends, and I have no idea when that day comes, I’ll be moving

yet again tonight over into EURUSD, one of the only places that has any

semblance of trading conditions sanity, and where the trading algorithm does

exceptionally well … if / when gold comes back to earth, and the scumbag

bullion banks get their respective act together, and return trading anywhere near

normal, I’ll go back and trade it … Cable, with today’s action, looks ruined for

now … somebody blew the shit out of that pair today, something that hasn’t been

seen since the infamous “Soros trade” back in October 1992 … after that debacle,

it took Cable about 5 years to recover its trading legs and once again be viable

… this looks & feels eerily similar, so we’ll see.

Across the board, markets are a frickin’ “train wreck” … crypto has held up well

today, in the face of the carnage, and given the trillions that are to be spent, I see

nothing but price appreciation in the future … just my opinion.

No trades today in the TURNKEY PAMM / MAM.

I’m not in the habit of throwing money away … and if conditions get “effed up”

into “The Twilight Zone” where we find ourselves now, I walk away, simply cuz I

know what happens next … part of doubling the PAMM / MAM this year, is not

doing “stupid shit” … and handing the scumbag banks money for nothin’ is

exactly that … until tomorrow mi amigos … Onward & Upward!! 

Have a great day everybody!

-vegas