THE HUBRIS-SOAKED FAUX SAVIOR

Sorry, no pic today cuz the dumb asses at Google can’t keep their fucking

website up and running for 5 minutes to allow me to download a pic … maybe

tomorrow for the SJW snowflakes in Kalifornia.

Kudos today to C.H. Smith with his article posted on ZH today … the link

directly below.

https://www.zerohedge.com/markets/systemic-risks-abound

You won’t find a better, more concise, article laying out the complete FUBAR

actions of the “smartest people in the room”, the Faculty Lounge Lizards over at

the FED, and the “house of cards” that’s been built these last years via their

complete hubris & stupidity … “hey Chuck, have you been reading my blogs

or what”?

A quiet Asian session, and of course a completely dead European session [so far],

where I dunno what they’re doing, but trading ain’t one of the options … Europe

simply completely useless for market movements … and as the sun rises in New

York, it’s all quiet on the money laundering front as the day begins.

We start the day very quiet … and then [see my shocked face], with 30 minutes

to a barrage of economic data coming at 08:30 AM EST, the DOW30 skyrockets

100 index points in 2 minutes … WTF is this? … and it’s one of 2 scenarios

… 1) inside info on what’s coming at 08:30 EST, or 2) somebody intentionally runs

buy stops early to get out of a long position or to get short, again in anticipation

of what’s coming that he/she knows and has been told … either way, it’s

BULLSHIT! … where are the fucking regulators when this shit happens like 20

times a week? … “oh wait, I forgot, they get part of the “skim” in their e-wallets,

so they see nothing, hear nothing, and most importantly DO NOTHING!

… corruption, corruption everywhere! … and then it’s onto ripping off the

“Chipmunks”, those lovable Dopes in the mutual fund, hedge fund, &

ETF / ETN community who do all of their buying / selling within about 10 minutes

of the NYSE open at 9:30 AM EST … the scumbag banks see the orders coming in

for the open, and they bid futures higher to sell during the first 5 minutes … nice

work if you can get it! … and Bingo!, Bango!, Boom!, there’s your 20 Day range

MA hit and the market is open for like 2 minutes.

There’s only 2 ways the algorithm signals will be false positives … 1) some

news hits that is “unexpected”, or 2) nothing is 100%, so it’s simply a losing trade

that falls through the cracks and ends up in the ± 3 “sigma” zone on the

probability curve … otherwise, there’s profit to be had.

Multiple algorithm signal  trades in DOW30 & gold today … Turnkey PAMM

DOWN SLIGHTLY.

Gold simply a “Flying Wedge of Death” [FWD] disaster, with no volumes, less

liquidity, and a pathetic daily range today … in the DOW30, one of our long

positions got caught after a buy signal with Preezy Depend’s budget team

reporting cap gains taxes are going to be retroactive … and down goes Frazier!

… well, that escalated quickly to the downside didn’t it? … and there goes the

“Stock Bellies” rolling down the hill … and unless there’s a denial rather quickly

to the report [which there wasn’t] it’s got the upside capped rather well going

forward for at least today … and since then it’s been nothing but a slow roll

downhill in price … oh well, shit happens, move onto tomorrow.

I don’t know if tomorrow has anything in it once “Stonks” open at 9:30 AM EST,

and then an hour passes … 3 day weekend coming up and traders will hit the

exits early you can make book on it … as for gold, it’s a “wait & see” game at

the moment, with market participants positioned heavily long … that spells

trouble dead ahead, and nobody has been shaken from the gold tree in any

serious manner, and that only means sell stops are in play below 1890 and 1872

if they can get it there next week … we’ll see.

Over in crypto land, the trading action in the alt-coins has been shriveling

quickly … there’s still plenty of trades, the question becomes where are they

going once you get a buy signal? … cuz when MOMO dies, these puppies turn

tail awfully fast and head south with a vengeance … No trades today for

“The Syndicate”, I need to see better action than we’re getting now. 

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

… Onward & Upward!!

-vegas

THE “VIX CRUSHING” CONTINUES

“Thank you for driving through our bid / offer spread! … stay calm!”

Oy! … welp! … just some of the reactions to VIX going south and markets

refusing to move, thank you very much manipulators … “Asia flies, the rest of

the world DIES”! … and once again, I’m wondering when every market in

existence relocates to someplace in Asia, cuz only the Chuckleheads are doing

any trading, and buy the time they panic 14 times during 5 - 6 hours, and then

Europe strolls in, everything is D.E.A.D. … why should today be any different?

… it’s getting to the point where the European session is meaningless &

worthless for any kind of price discovery in anything … of course, the New York

session is the world’s money laundering session, where the likes of JPM &

Vampire Squid can shuffle dollars around, skim the top, and take care of  the

usual suspect POLS, Apparatchiks, & regulators … does the “Big Guy” get 10%?

I realize we’re approaching Memorial Day weekend, but this shit is ridiculous

... daily candlestick charts looking like pencil smudges … gold today [so far] UP

for the 15th day in a row, excluding Grandma Yellen’s “flip-flop” down day, and as

I said yesterday, gold in search of its next “Thelma & Louise” waterfall, where all

of the positioned longs thinking they can get out at the top in an “orderly” fashion

… “uh huh, sure you can … here’s your sell stop fill! … stop screaming, I tried to

warn you”!

BTC goes UP 3K in Asia … thanks Chuckleheads … then dies and starts to work

lower … and unless something extraordinary happens, that’s it for Bitcoin today

as far as range is concerned … meanwhile, the DOW30 sits with a 190 index point

range at the “London Fix” [so far], and that’s OVER 50%+ under the 20 Day Range

MA … can they extend the range as the day goes on? … doesn’t look like it so far,

but who knows.

I had originally come into today expecting to maybe trade BTC … one look at

Asia though, and that gets shot to hell, unless they can extend the range higher

above approximately 40,500 … that didn’t happen, and the rollover was quick

and deadly straight down … gold if it could correct, and get some of the sell stops

ticked off, but again specs FOMO-ing the shit out of gold for the 15th day in a row,

and I want no part of this market until there’s some downside action to wipe some

long specs out, cuz in case it’s a mystery to you, “not every dog gets to ride on

the fire truck”!

“Stock Bellies” it is then! … only yesterday saw last Christmas Eve [on a

shortened day no less] have higher volume stats in both “Stonks” and options

… that’s how sick this shit is and why nothing is moving … well, that definitely

shortens the risk side of the model, but it also limits gains, and we can see that

with the disaster known as the 20 Day Range MA being some 50%+ higher than

today’s range … sure, it could change by the end of the day, but again what good

does moving in the last half hour do for us? … opening new positions with that

short of a time frame is tantamount to playing “Ruskie Roulette” … and again like

always, there’s options expiration to consider on Friday, where it seems every

expiration brings billions more in “gamma” risk to the table … and this all ties in

with the “speed of light … crickets” trading paradigm “Stonks” favor thanks to

the manipulators, who absolutely love this kind of action … and the reason is,

very few if any can capture it when it explodes, and those caught the wrong way

get carried out … and that’s just fine with the Bumpkins at the FED, cuz as any

kind of trader, they hate your guts with a passion!

One algorithm buy signal in the DOW30 … TURNKEY PAMM UP SLIGHTLY.

Pretty pathetic when you only get one signal, when on any normal day we’d see

5 - 10+, but it is what it is … when VIX dies, the algorithm cannot function properly

and give signals without relatively “normal” VIX … and right now, anything &

everything is not “normal”! … on the bright side of things, it won’t stay like this

for long, one way or the other cuz too much money sloshing around … and as I’ve

said before, if both gold & the DOW30 are dead, everything else is dead as well,

so there’s no place to hide … hell, even crypto after it runs and the collapse of

BTC, is seeing a very definite CONTRACTION in 20 Day Range MA’s, as people

pull in their horns some and aren’t willing for now to FOMO anything in the crypto

space like before … late Asian session & early European session the window now

for crypto movement, cuz everything else has died on the vine … imagine that,

ALL markets are cyclical in terms of VIX, no matter if they’re FREE or

manipulated! … meaning, “if I knew VIX could stay CONSISTENTLY HIGH IN ANY

MARKET, I’d have all the trading money in the world in short order cuz I would

constantly bet on movement AND GET IT! … cuz when VIX dies, and you’re still

trading like it’s “high” and gonna stay there, it’s gonna be a “wake up call” when

they haul you out toes up! … YOU SIMPLY HAVE TO PAY ATTENTION TO THE

EASIEST WAY TO GAUGE VIX, AND THAT’S A DAILY CHART WITH BOTH HIGH &

LOW SIMPLE MA FOR 20 PERIODS [ONE TRADING MONTH ON AVERAGE] … you

can see it expand and see it contract over time … directly below, the DOW30 daily.

click on chart to enlarge

Oh, and do my eyes deceive me? … is that gold getting “monkey hammered” out

of nowhere … gee, who could have possibly seen this coming? … and it starts in

the New York criminal afternoon … who’s surprised by that? … further

bloodletting ahead, like maybe tonight in the Asian session where the

Chuckleheads panic? … we’ll see … and notice how the scumbag bullion dealer

banks wait until the end of the day in Chicago to break gold, thus giving no time

to those interested in buying cuz time becomes a factor as conditions thin out to

rollover … coincidence? … err, NO! … the bottom here not very convincing, and

I’d like to see some bigger m1 spikes down on the bottom, instead of “rinky dink”

m1’s going nowhere … I’ll see what Asia brings to the table, but at least this is a

start to corrective activity, unless of course some goofs bring it back above 1900,

and the UP streak stays alive.

In any event, with the return of “normalcy” to “Stonks”, meaning VIX not price,

the trading algorithm is exemplary in “NAILING” profitable trades … all I got to

do is wait for ‘em and not do “stupid shit” … ditto in gold … but what indices have

that gold doesn’t is the “88/6/6” trading paradigm, cuz if you can avoid the back

6% of the DOW30 DOWN action, there isn’t a ship big enough to haul away the

cash you make on a consistent basis! … so, it ain’t like we got a choice in the

matter, you just have to be disciplined and show patience for the setups, cuz

they ALWAYS COME … and when they do, I ring the register … granted, not every

time is it Christmas morning and here’s your new Porsche, but it’s profitable,

CONSISTENT  winning, just like in crypto! … it’s hard to tell really, but my

suspicion is the options expiration is exerting undue influence on yesterday’s &

today’s DOW30 trading action … most likely tomorrow as well, but we’ll see

… take it day by day and “ring the register”, that’s all that matters!

Meanwhile over in crypto, no trades today for “The Syndicate” … ranges in both

ONT & TRX contracting rather quickly, and the trading action not very good at all

… as a result, I decided to skip the day … why hand them back some profits?

… right, me neither!  

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

… Onward & Upward!! 

-vegas

 

CAN TRADITIONAL “MARKETS” GET ANY MORE PATHETIC?

 

“Or worse yet, an Apparatchik at the FED!”

Fortunately for mankind today, there are no FED speakers spouting bullshit from

the airwaves … and even before their lying lips moved yesterday, I told you they’d

all be in sync and that everything is “fine” … inflation, what inflation? … never

mind, just some more soothing propaganda for the Sheeple, just like they taught

you at the “Goebbels School of Communication”!

Amazing though, all of your words, while elevating “Stonks” some, did

absolutely ZERO to break gold … gee, I wonder why? … the fact that many are

onto the “Comex Con Game” scam is probably a good start, but I wonder if the

world is waking up to Basel 3 at the end of June? … EXIT QUESTION: “when do

we start wearing the “WIN” [Whip Inflation Now] buttons from the late 1970’s”?

… a bigger bunch of liars you’ll never see, unless of course you walk down the

street to Congress & the White House.

The real question is whether traditional “markets” can survive … fact is, I’m not

sure, cuz in their present form of being manipulated 24/5 about every second, it’s

becoming nothing more than a “VIX crushing” exercise trapping specs of all

kinds, who end up wondering what to do when shit doesn’t move … today’s prime

suspects of gold & the DOW30 present a perfect example … intraday a mind

numbing crock of bullshit up until the moment a scumbag LP bank or group of

‘em decide to let SHTF … but only briefly, cuz nobody should be able to profit from

this except them … gold today [so far] an approximate $23 range … $15 dollars

thank you Chuckleheads while the real world sleeps, and then about $8 in mere

seconds, running buy stops above 1890, filling everything from 1888 to 1896 at

the top whether you like it or not … leaving nothing but trails of bullshit for trading

crumbs … the DOW30, here in the early minutes of a New York criminal afternoon,

barely a 200 index point range, where the 20 Day Range MA is around 430 index

points … looking at action here, it’s frickin’ pathetic, VIX being crushed by the

usual scumbag suspects, and you wonder if this shit can move at all without the

“Plunge Protection Team” [PPT] watching every downtick with nervous energy to

make it “right”, meaning it’s “rally time”, even though every single bit of news

today is not good for “Stonks” … but hey, who cares about that? … the fact they

won’t even allow indices to go down a fraction should tell you something about

how scared they really are … cuz once attitudes turn, and inflation proves not

transitory like the Liars suggest, there will be no bids down the rathole!

Yesterday’s horseshit close of being lower in gold, a product of the spread

getting blown out on rollover … gold didn’t close lower yesterday, and so that

means today is the 14th day in row of higher price, excluding the Grandma Yellen

“flip-flop” day … gold has a date with a debacle coming sooner rather than later!

… been at this rodeo before, and if recent memory doesn’t make you recall with

horror what happens next to gold, then go back and take a peak at last August

and September, when gullible specs FOMO-ed gold to the hilt … and here we are

again … this time will be no different, cuz when the music stops the “ugly” shows

up, and everybody looks to exit at the same time and won’t be able to … buy

rallies and this is what awaits you!

I don’t give a shit if gold goes straight to 50,000, I ain’t buying rallies in this, and

I’m sure not gonna do it on the 14th day in a row of higher price … but hey, get

long cuz what can possibly go wrong with the scumbag bullion dealers still in

charge of things? … quite frankly, I’m skeptical of Basel 3 as written, that will

destroy the LBMA and the “Comex Con Game” starting the end of June … I’d love

to see it, but am very skeptical of it happening … more logical, is somebody

wants a bigger cut of the bank “skim”, most likely regulators, but we’ll see.

Meanwhile, the DOW30 looks and trades like a fat 6th grader running up a hill with

a boat anchor tied around his waist … huffing, puffing, legs & arms churning, but

going pretty much nowhere … like timing the 100 meter dash in minutes … oh yea,

it’s moving … wait, no it’s not … again, the crushing of VIX in “Stonks” cuz they

don’t like scalpers here picking them off for profits … another day of bullshit in

the DOW30 [so far], but what good does it do anybody to see fireworks in the last

15 - 30 minutes of trading? … if I didn’t know better, I’d think they plan it that way.

No trades today in the TURNKEY PAMM.

Now that BTC has come back to earth, the spread has also come in quite

significantly this week, and offers the lowest cost to trade BTC anywhere! … there

for a while, when BTC melted down, Turnkey’s scumbag HFT LP [or LP’s] had a

BTC spread over $1000+ … I mean, WTF is that? … therefore, starting tomorrow

I’ll be looking to trade BTC for the PAMM since neither gold or the DOW30 is

trading well at all … not gonna sit here and watch these traditional markets offer

us nothing … I’ll pick BTC up tonight starting in Asian session.

Meanwhile, move over to the alt-coin crypto space, and even with the May

meltdown trading conditions are as good as they were before the BTC crash … not

as big ranges in the alt-coins as before, but compared to the utter shit on the MT4

they are still gigantic, and THEY MOVE SOMEWHERE, INSTEAD OF SITTING ON

THEIR MANIPULATIVE ASSES! … you know, like they used to but don’t now

… only crypto gives you “ACTION” and a very decent reward / risk ratio … and

from what I’ve observed both TRX & ONT are the best of the litter when it comes

to alt-coins … plenty of range, plenty of UP / DOWN movement … plenty of spec

FOMO on the way up and plenty of spec panic on the way down … you look at the

difference in the way the MT4 shit is traded and then look at these two, and

there’s no comparison … and if you’re not trading them, then you’re missing out,

simple as that! … writing this paragraph in the last 10 - 15 minutes, the DOW30

hasn’t even gone 10 points, or 5 points from the median … meanwhile ONT has

a 120 tick range 4 TIMES! … “lemme see, which can I make some money in”?

… thank you FED and PPT manipulators!

Multiple trades today in ONTUSDT for “The Syndicate” … we’re UP

APPROXIMATELY 0.28%

The VIX is there, the UP / DOWN movement can’t be beat, the specs are here in

the millions, and the algorithm “NAILS” crypto to the barn door! … and quite

frankly, I’m being very conservative in how I trade for “The Syndicate” … plenty

of more aggressive traders will see higher returns … what can I say, it is what it

is, and what baffles me is why so few traders want to go here, instead wanting to

stay in FX or some other bucket of shit … why? … what’s the point?

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

… Onward & Upward!! 

-vegas