I SENSE A DISTURBANCE IN THE FORCE

“I don’t always trade stock indices, but when I do …”

Ah yes, the Sunday night “vapors rally”; cuz nothin’ gets me in the mood to buy moar stocks than banks all over Europe failing from Friday; first Spain, now a bunch in Italy, but not to worry Sheeple, Super Mario from the ECB says all is fine and it’s been cleaned up … move along, nothing to see here. [Cuz, according to ZH, the reason stocks rallied on vapors was because of the bailout … yes, seriously. “If only all banks could fail, the Dow30 would be at 50,000”!] And so, all of Thursday, Friday, and most of last Wednesday ranges in the Dow30 from last week, are now all “engulfed” by central bank buying in the “wee hours” … meanwhile, over in our favorite pet yellow rock market, the manipulators took gold down almost $20 per Oz. in seconds, hitting of course retail sell stops and filling them on the low, with an approximate $2 billion notional value, approximately 18,000 futures contracts. “Yes, by all means, sit there and tell me it’s all a coincidence. We simply can’t have bank failures and gold going up & stocks going down, cuz Sheeple could get ideas. In this Libtard, upside down common sense world, ideas are the most dangerous element and must be crushed. You do realize, all animals are equal but some are more equal than others … right”?

Regardless, more and more of the largest “Muppet Slayers” in the world, to which I refer to JPM, Vampire Squid, BofAML, Citi, and a gaggle of large hedge funds who are becoming more vocal in the chorus of, “the stock party” is over … put a fork in it cuz it’s done. And, as I explained the other day, a growing list of notable financial types are chattering about the FED “engineering” and hastening the next financial crisis by raising rates for 2 big reasons; 1) they got “no bullets in the gun” to fight the next downturn, so doing some back of the envelope cipherin’, rates got to be higher so they can be cut … “I’m sorry, in order to get rid of that flu bug, we’re gonna have to give you malaria first … sure, it might kill you, but hey, it just might work too”!, and 2) the clueless Twits in the faculty lounge hate president Trump with a burning passion and figure the MSM will blame anything that goes wrong on him, and not on their idiotic policies.

So while the FED wants us to believe they are going to cut their “balance sheet” … you know, all those financial assets they’ve been buying since 2008 … over the next 10 years [snickers & giggles], and have even given analysts a timetable of buybacks every month, “so has my deadbeat cousin given the credit card company his “plan” to pay back his balance over the next 10 years cuz he gave them a “plan” don’tchaknow”? EXIT QUESTION: “What happens when they don’t stick to the plan, and will anybody even care”?

Sooner or later of course, the math eventually wins … please, don’t anybody tell Illinois … and the idiocy of the politicians & apparatchiks become noticeable to even the dumbest among us [which are Libtards of course]. And there are no bigger con artists than the FED, and the little whispers we are starting to hear now will grow in strength and intensity. The FED’s plan is too save the economy over 10 years … “go lie down and take 2 aspirin, we’ll be with you in 10 years”! … yes, good luck with that. But hey, “Everything Is F-ing Awesome Baby”! [EIFAB], cuz they’ve said so.

Here 3 hours + from the opening, the Dow30 is about 80 higher, drifting just a tad off it’s high for the day … the SP500 a case of the vapors as well … cuz everything just screams buy stocks. And while the Darth Vader types keep telling us, over and over again about how the market is going to crash, even now giving us dates in the future we can tune in to see it, business as usual is back in town, the central bank “buy vapors” firmly in control, and another week starts sharply higher, what the hell is new exactly?

90 minutes from the open, and of course the Dow30 is up about 100 points from Friday’s close … and I have no doubt, the entire day will be to “defend & protect” the overnight “vapors rally” at all costs, with 1) unlimited bids in key stocks of the index components, and 2) if necessary, another slam down of the pet yellow rock … the stage is most likely set for another crap day of tight ranges, low M1 volatility, and breathtaking boredom.

Ok, today has been nothing short of a disaster … pretty much anything/everything that can go wrong did … and again today, the scumbag Dow30 LP at Turnkey really hurt us; not only because of what they did, but also from the profit they made us miss. We were long from 21428, with a stop at 03, and while the market was 29 bid, in approximately a few seconds it went … and I’m not exaggerating one damn bit … from 29 bid; next bid is 16 bid; next bid is 11 bid; and finally, the next bid is 03 [which hit our stop], and the very next bid on my screen a millisecond later is 15 … to put it mildly, I’m sick and tired of these LP scumbags, and my conversation with Turnkey management on the telephone today made that very, very clear.

Here’s what I want people in the PAMM to do; if you can, please send Turnkey an email [be nice, no swearing, leave that for me], and let them know in no uncertain terms that you don’t like being screwed by the LP in the Dow30; either in slippage or stop fills when they decide to set off our stops on purpose. Please, giving them shit is the only thing they understand. Remember, though, it’s not Turnkey’s fault, they are only the brokerage house … they actually have some good people working there and they are trying their best to work on our behalf; it is the LP banks that are to blame and are nothing but thieving crooks. We simply have no access to the LP, and are forced to go through the brokerage house.

What angers me more than anything is that I did everything right, and when it took off from 28 to go higher, it went all the way into the 70’s before turning back … so, not only did they screw us with a loss [more than likely taking the trade for their own account], they screwed us by us not being long from 28. These people [LP’s] are frickin’ thieves and crooks, and should be in jail for robbery.

All in all, down about 1% today because of this, and it really pisses me off; I can take losses when I’m wrong, but losing money when I’m right frosts my cupcake, especially when I made the correct algorithm trades; taken together as a group, all the algo trades combined would have produced a nice profit today if it wasn’t for the thieving LP. I did what I was supposed to do, the algorithm did its job with the trades, and yet it wasn’t enough to overcome the LP, who simply robbed the PAMM like a thief robbing a 7-11 at gunpoint”.

 I don’t like getting screwed on stops that come out of nowhere [mystery ticks], slippage on fills, and last but not least, having the spread widen 50% to 3 points from 2; did I mention these people are pure scum? Add to that, everything from screen capture software to Microsoft Excel is down on my computer, and it’s been one of those days. I’ll get it back up and running, but in the meantime, I may switch PAMM trading over to the SP500, simply because these scumbags in the Dow30 refuse to make an honest market. Stay tuned, tomorrow’s trading will more than likely be in the SP500; slightly [maybe 1 Dow30 point] more expensive to trade, but a hell of a lot more honest than the fricking thieves they got in the Dow30, where quite frankly, I’m tired of getting screwed by these assholes … and yes Turnkey, if you’re reading this, your main LP in the Dow30 are assholes and crooks, and you can tell ‘em I said so. Question is, what the hell are you going to do about it? Most likely, nothing … did the SP500 go down 3 index points when you crucified my Dow30 stop? Hell no it didn’t, it was purely a dealer LP stop hunt in the Dow30, where the scumbag bank gets to “hit off” and screw their own customers … with more than likely they themselves taking the other side of the trade … did I mention I really dislike these people?

I’ll get the PAMM spreadsheet up, when I get Excel running properly again tonight or early tomorrow. I’ll be back at it tomorrow … look for some SP500 trades instead of Dow30; it trades exactly the same. We should have a “smoother” trading environment in the SP500, but the most important thing is it is a much deeper market with less corruption from the LP. I don’t think it is the same LP as the Dow30, from my conversations with Turnkey … I base that on my talks with them and the fact they are having problems almost exclusively with the Dow30 market, and not the DAX30, NDX100, or the SP500. Of course, we will see, but given the algo works equally well with the SP500, it can’t be any worse than the utter corruption from the Dow30 LP when it comes to execution of trades. It pisses me off we have to make back what shouldn’t have been taken from us to begin with, but that’s life in the pits sometimes; despite these crooks, it’s “Onward & Upward”.

Time for a stiff drink … I’m outta here … until tomorrow mi amigos.

Have a great day everybody!

 

-vegas

OUR TURNKEY FOREX  “PAMM/MAM”  IS NOW OPEN AND OPERATIONAL; SEE “PAMM/MAM MANAGED MONEY PROGRAM” IN “DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND START YOUR JOURNEY FROM WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!

THE SMELL TEST

“When it dawns on you everything is a pack of lies!”

Yesterday we finished up for the 4^th day in a row, after the “Trump Dump” cuz he was gonna get impeached, on the lightest volume ramps I have ever seen in my trading career; after getting totally slammed almost 500 Dow30 points in 36 hours, suddenly at the European open on day 1, thank you very much central planners, it’s off to the races … 5 days later here we sit on what I call the “Vapors rally”.

Scanning the financial press this morning, I see over on ZH that Asher Edelman went on CNBC and told the “talking heads”  on “Fast Money” he isn’t in the market anymore cuz the “Plunge Protection Team” is behind the latest bogus rally, and he doesn’t want to be caught when they “pull the plug”. “OMG! Stop the presses! Can you imagine the horror … oh, the humanity … on whichever clueless Infobabe happens to have the studio feed in her ear when he says this on live TV … this is blasphemy … this is heresy … Asher, don’t look to be invited back anytime soon OK”? But that’s not the real news.

No, the real news is immediately after, when somebody tweeted the obvious; “can't believe @AsherEdelman just talked about the PPT on @CNBCFastMoney. Didn't think anyone was allowed to talk about it. That was crazy”. And so, when everybody finds out the “emperor”” has no clothes, what happens next?

And of course, unless you want your first appearance to be your last ever, there are some things you just can’t do on CNBC; 1) criticize the FED or ChairSatan Yellen, 2) say anything negative about Uncle Warren Buffet, especially when Becky Quick is around, 3) say anything negative about Cankles Clinton or Ex Preezy Empty Suit cuz most hosts are Libtard Dems with bylines, and 5) mention government intervention in the holy temple of Wall Street, even though everybody and their brother knows the ECB, BOJ, & SNB are active manipulators right along with the “Plunge Protection Team”. “Oh wait … if they never mention it, that means it doesn’t exist … right”? I’m predicting right now … this isn’t going to end well.

Simply to put a cherry on top of this idiotic cupcake known as the USA, from the financial to the political … well, whaddaya know … “I’d just like to know where the “outrage” is on the left”? Directly below the link to ZH.

http://www.zerohedge.com/news/2017-05-24/fisa-court-finds-very-serious-fourth-amendment-issue-obamas-widespread-illegal-searc

“Oh wait … I forgot … he’s black & a “DEM”, so that makes it OK … I’m waiting for Maxine Waters to start an investigation … if it weren’t for double standards, Libtards wouldn’t have any.

Turning to today’s market … of course we open higher … isn’t there a law or something? … I, for one, can’t wait until they make downticks illegal; now you got something! … watching the first hour, if this isn’t manipulative trading, then I don’t know what is … seriously, this is a sick joke … since the start of 2016, right after the “Plunge Protection Team” [PPT] cleaned up the FED mess left by Yellen & Fischer at the end of 2015, moving to Brexit, and then the U.S. election, and now to the melt up, I don’t think anything pre 2016 means anything anymore in the stock indices … it’s a new game of coordinated manipulation, and come hell or high water, the central banks are going to ramp stocks to levels you never dreamed of in your wildest dreams, in order to pursue policy objectives they deem desirable. WE MAY NEVER SEE A 2% DECLINE IN THE SP500 OR THE DOW30 AGAIN.

Now, I know some of you think I’m being sarcastic, but I’m not; what’s happening is very large bids under key stocks are driving trading action, and everybody and their brother knows who it is that’s doing it [SNB, PPT, BOJ, ECB, etc.], and they are simply “front running” the bids … this is the reason for absolutely no downside trading action whatsoever … why sell into the bid, are you crazy? When the bids get pulled, trader’s panic to sell, and that’s why we get these 15 point 30 second down moves … when the bids come back, they panic buy to “front run” yet again. And what the SNB is finding out, and most likely are not very happy about, is all the front running of their orders … which is why they pull them to screw with trader’s heads and cause them to lose money. How else do you explain this unexplainable action I’m looking at on my screen? “Government lies at all levels, Pols lie, the FED lies, the talking heads in the MSM lie … it’s all lies, deception, and deceit … and now the market lies and is almost 100% totally controlled day-to-day by central banks and their sycophant Apparatchiks who drink the Kool-Aid. Simply put, they see no reason stocks should ever go down; and as proof, I would suggest you remember what Fed Pie Hole Bullard was told to do, the day after the "Trump Dump" when he suggested maybe no June rate hike and more QE in the future. Anything to change the narrative and “wink-wink, nod-nod” to the big money that we got your back … mission accomplished, the selling dried up, the PPT went to work along with the SNB, and here we are back to the highs in a flash. It is what it is, and to ignore the obvious is to be delusional”.

And so here we sit, and I’m supposed to believe it’s all because we are waiting for Fed Pie Hole Minutes @ 2 P.M. EDST? Where’s the “profit taking” the glorious talking heads love to spit out anytime there is the slightest bit of selling? Where is the volume? Where is the frickin’ trade that isn’t 100% attached to a central bank bid in Apple & Google? Try nowhere, that’s where. And every single time, almost without exception, somebody comes in and sells, immediately the PPT or the SNB pretty much says, “no, no, can’t have that”!, and then immediately bids it higher to regain the lost ground. It’s gotten to the point where they won’t let the SP500 go down any more than about 2 points and the Dow30 about 20 – 25 points, before frantically raising bids in large quantities to get the market back its lost ground … quite frankly, I’m beginning to wonder how long this can go on before something really, really ugly happens, making October 1987 look like a “downtick”. Nobody is bigger than the market … nobody … the hubris of the central banks is “off the charts”, and some day there gonna find out what a “melt down” really looks and feels like … when that day comes, and it surely will, look the hell out.

Last night I had a session with Microsoft tech support for my Office 365, specifically my Excel spreadsheet which isn’t working… seems the level one college dropout trainee knew even less than I did … so, tonight, same time, I get the next level of super duper customer service from a company I literally detest on every level … I’ve been “assured” it will get resolved tonight … “umm yea, sure it will”. So again tonight, I get to spend time with Microsoft … I think I got a tingle down my leg.

If you ever needed more evidence of Government lies & deception on a scale that would make any dictator proud, all you have to do is read the Minutes of the Fed meeting from last month; truly delusional and they simply have no clue what the hell they are doing. This is gross negligence on a massive scale. But it doesn’t matter, cuz even though rates are going up in an environment of global slowdown and terrible economic stats, we’re assured it’s “transitory”. What if it isn’t? And on cue, stocks take it all in stride cuz the large bids are underneath Apple, Google, etc. and who in their right mind is going to hit them and sell? Somebody please, tell me who?

Ok, it’s twenty minutes after the Fed nonsense so we can go back to nothingness again; slow grind higher with bolts down that go nowhere followed by more slow grind higher, and of course all on non-existent volume. I’m sorry, but this is a gigantic F-ing joke, as all rallies come on “vapor” as the central banks adjust their bids and traders panic to get in front of them … then literally zero price movement until they again decide to raise their bids, at which point we gap 20 higher again … rinse & repeat until Jesus returns. You want some proof? Directly below.

 

Oh yea, tell me how “normal” the chart above looks; it screams manipulation. I’m telling you folks, we are in a brand new ballgame where the rules have been changed drastically … to be sure, we will get our shots at buying at lower levels … but anything you look at prior to 2016 doesn’t mean anything anymore. All that matters anymore to these markets is what the central planners got planned for the day … that’s it, and to ignore it or refuse to acknowledge it is going to be a problem for you.

One trade today that led to nothing … a scalp after the Fed Minutes looking for buy stops above 21000 … didn’t get any so exited with very minimal gain rather than hope for a rebound that might not come [and it didn’t]. All in all, another pathetic day for U.S. finance … across the board it’s terrible action, with a mini flash crash in the Russell 2000, blatant manipulation in the bond market [via ZH], and of course our own Dow30 which sings to the desires of the SNB & PPT. If only my investment finance professors from back in college could see this; I can only imagine their utter horror at what is going on and what passes for policy in government … what a clusterfark. Tomorrow is another day, with Super Mario’s turn [ECB] at 08:30 A.M. in New York for another installment of complete policy stupidity from Europe; oh joy.

Finally, as the trading day draws to a close, if this isn’t the sickest rally I’ve ever seen, then I simply frickin’ have no clue … no volume ramp on central bank bids … oh yea, count me in … nothing says “buy stocks” more than the FED using the word “Transitory” to describe abysmal economic & global conditions … only thing is it’s been abysmal for over 6 months. Next stop Dow30 @ 30,000 by end of the year … why not, when you got CNTRL-P at your disposal and there are zero consequences for your policy genius … makes sense to me.

 

Time for a little beach until another of the  Microsoft Excel “whiz kids” comes a callin’… the dog and I are outta here … until tomorrow.

Have a great day everybody!

-vegas

OUR TURNKEY FOREX  “PAMM/MAM”  IS NOW OPEN AND OPERATIONAL; SEE “PAMM/MAM MANAGED MONEY PROGRAM” IN “DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND START YOUR JOURNEY FROM WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!