ANOTHER “HURRY UP & WAIT” DAY

 

“Another day of bullshit & lies from Spicoli at the FED!”

Yea it’s “FED day”, so natch I assumed getting up at 2 AM EST would be a waste

of time, and sure enough not to disappoint even the Chuckleheads are sitting this

one out in the DOW30 … “sleep when you’re dead”! … and so, the scumbaggery

from Turnkey’s LP’s a thing to behold, as mystery tick bids / offers make there way

into the quote box, with I’m sure guaranteed slippage AND  with a 1 index point

higher spread … oh boy, what could be sweeter than this while waiting for the

Faculty Lounge Lizards at the FED to blind us with their brilliance come

2 PM EST? … and then in 6 minutes, the entire last 4 ½ hours is taken out to the

downside in a “Thelma & Louise” trip to the bottom of the quarry … in other words,

biz as usual!

And since it’s “hurry up & wait” day, the “Loser Formation” has reared its ugly

head, and the DOW30 can’t move 10 index points in the last hour plus … until the

next time coming up when somebody somewhere panics and gets screwed

royally, while we all wait for the “Wizards of Smart” at 2 PM EST. … so far today,

as expected, the range has been tight and there have been some buy signals

… but “here’s the rub” as Bill Shakespeare would say … there isn’t any follow

through to the spikes after correction activity in price … Ok, so you get a 20 point

slam move up, and when it corrects some, does it go higher still? … in a tight

range day like this the answer is no, it’s a trip to the other side of the coin … and

back & forth we go, like a yo-yo inside a very tight “Flying Wedge of Death” [FWD]

… granted, it’s due entirely to the upcoming FED bullshit, but you can’t sit there

and assume this tight range holds, cuz when it doesn’t and you’re on the wrong

side, it’ll gut you like a fish … now what? … will there be enough IVIX before the

FED to bail me out? … more than likely no, cuz the scumbag LP’s will do their

best to make you bleed and bleed some more after that … when you consider the

bid/offer, the slippage + commish, getting long and watching it go up 5 index

points before it gets slammed 20 points isn’t gonna work … and so far today, it’s

“kill the longs, then kill the shorts, rinse & repeat, are we having fun yet”? … all

while doing and going nowhere … and you can lay this type of trading shit right

at the feet of the FED! … SCREWING PEOPLE SINCE 1913!

As we work up to the NYSE open, how much more proof does anybody need to

see that all of this shit is nothing but one big manipulation? … drive price into

sell stops … drive price into buy stops … now approaching the cash open, it’s

time to screw the Chipmunks who have to do all of their buying / selling in the first

5 - 10 minutes of the open [the vast majority of the time it’s buying] … what

Apparatchik designed this horseshit rule for the benefit of the scumbag LP banks

to screw mutual funds, ETF’s, & ETN’s blind? … cuz they can see the cash orders

coming in and we can’t, and they then pass that info on to their buds trading the

offshore futures accounts tied to the bank but not really “legally” as to show up

on their books, and futures price gets bid or offered higher / lower respectively

… nice scam isn’t it? … the “market” isn’t even open yet, and already we have

potential for a double reversal! … what a frickin’ joke … “but yea, totally legit and

aboveboard with fair & honest pricing from our Nanny State Manipulators we’ve

come to know oh so well” … and there ya go, a 50 index point range in the

opening minute as both buys and sells raped by banks … see my shockingly

shocked face! … Welp!, we missed the double reversal by a few points on the

upside, so now time to go to the low for the day? … why not? … and just

remember, I got some beachfront property in Kansas for sale you should be

interested in … CHEAP!

And yup, back to the low of the day, where but for a few index points on both

the upside & downside, we’d have a TRIPLE REVERSAL on our hands, and the

DOW30 hasn’t been open for an hour! … amazing how the outfits with the most

money [scumbag banks], and those who can’t lose cuz the FED bankrolls their

trading [scumbag banks], and don’t have to worry about losses cuz gains are

theirs and losses are the FED’s [scumbag banks], and have access to order flow

we don’t have [scumbag banks], always seem to be on the positive side of the

ledger … meanwhile, specs get driven to the “Trader’s Graveyard” in droves with

MA crossovers, and other worthless shit, and pretty much buy tops and sell

bottoms … the natural course of things!, at least from the scumbag bank’s

perspective … and now that they’ve trapped shorts at the low, here comes the

explosion in price in milliseconds and we rocket higher … where if you’re trading

at Turnkey and it just exploded higher out of nowhere, pushing the button

GUARANTEES MAX SLIPPAGE and a horrible fill … what we are witnessing these

last few days is what I call “V-shape trading” in the DOW30, where tops and

bottoms come as exhaustions and then move away at the speed of light, and

there’s no way any algorithm can capture this … meanwhile, the DOW30 hasn’t

gone ANYWHERE FOR THE LAST 8 HOURS … “a little song, a little dance, a

little seltzer down your pants! … oh, to be a MOMO trader”!

Over in crypto, despite this week’s rallies in BTC & ETH, the alt-coins haven’t

done Mr. Jack Squat … spreads still ridiculously wide, volumes 10% - 20% of

what they were 3 months ago, and liquidity a joke … and quite frankly from where

I sit, it’s gonna be a very long time before they come back, cuz too many people

got wiped out in May when BTC crashed, and they can’t even bounce to save their

stinkin’ lives … that does not bode well for the immediate and medium term future,

as we could be looking at many months or years before a new class of FOMO

loving specs come into the space once again … in other words, IMHO, it’s a

“dead money” space going forward. For “The Syndicate”, I’m gonna be moving

our funds over into the DOW30, but not with Turnkey … there are better deals

with better NO KYC brokerage houses that utilize Airsoft’s newest trading

technologies specifically designed for active trader professionals like me, where

the cost to trade is the LOWEST & BEST I’ve ever seen in the “Stock Bellies”

[world major indices] and latency on fills is IMMEDIATE … and when I say

“immediate”, I’m talking about a handful of milliseconds start to finish, and most

importantly there is NO slippage on fills … not just in DOW30, but the SP500,

NDX100, RUS2000, CAC40, FTSE100, IBEX35, STOXX50, ASX200, and for an

added kicker WTI crude oil! … you won’t find LOWER COSTS TO TRADE

ANYWHERE ELSE! … just fractions of index points over the futures contracts

bid/offer spread, but the flexibility of being able to choose your trade size and

leverage versus standardized futures contracts … in other words, a true trader's

dream! … we will do much, much better over here, than anything crypto can

deliver to us now or in the future! … more on this in the coming days.

Almost Noon in New York, and now starts the countdown to idiocy at 2 PM EST

… like these Dopes have any clue … “Everything Is F-ing Awesome”! Is the mantra,

and don’t you forget it! … there isn’t anything we can do about these

“hurry up & wait” days, and as much as I’d like to see them disappear, they ain’t

gonna do that … and the casualty of all of this is that indices drift and are subject

to stop runs much higher in probability than on “normal” days [whatever those

are anymore], with the key characteristic of nothing having any MOMO to go

anywhere before some bank smacks it down or runs you over in the process

… buy the rallies or sell the breaks, AND SLEEP WITH THE FISHES!

There are “whispers” out there that the surprise today, may be unexpected

“hawkishness” coming from the Lounge Lizards … up here at ATH’s, that could

spell some real heartburn if it pans out … my guess, though, is it’s gonna be a

“nothing burger”, with more bullshit than any human should ever be subject to,

unless of course you’re a Libtard and stuck next to Preezy Idiot Boy, and then

you deserve it ... we’ll see what the FED does at 2 PM EST.

And while we wait for the “village idiots” @ 2 PM EST, and it’s crossed my mind,

going forward I’ll most likely be posting the blog around the NYSE close at

4 PM EST, or maybe a little beforehand.

"Well, that escalated quickly didn't it"? [NOT]

We’ve been held hostage 3 days this week for this? … yea Spicoli, inflation is

“transitory” … as I said, liars to the core, but we already knew that … can we go hit

a new high now? … hide the kids from the Spicoli presser, you don’t want to

damage young brains with this much bullshit … Goebbels would be proud is all

I’ll say … maybe now we can get on with trading the rest of the week … barely a

200 index point range so far today, and unless he puts his foot in his mouth at his

presser, another extremely sub par day versus its 20 Day Range MA … the good

news? … there’s always the Chuckleheads in the Asian session to spice things

up, especially the last 2 - 3 hours of their day.

It was another day in the DOW30 of a “Tale of Two Cities” … literally nothing to do

in the Asian or European session, and the NYSE session has been nothing short

of a “chopfest”, with little interest going into the interest rate decision, and both

longs and shorts taking turns getting killed via the banks in very quick and painful

action … when they panic, they don’t screw around … when ranges are tight, the

turns at the tips of the FWD are downright “nasty”, making any winning trade

potentially a losing trade, thank you very much Turnkey scumbag LP’s … if you

somehow think you’re gonna get a fair & honest price at the turns, I got some

bad news for you.

No trading today in anything for obvious reasons.

Unless the presser impresses somebody, this day is over … “go get ‘em Spicoli,

long live the Ponzi”! … good grief what a bag of flaming dog poo … oh well, not

too worried about it cuz it’s Summer and it’s the FED, so whaddaya gonna do?

… hopefully, the trade can get back to normal now that this horseshit is over

… take it away Chuckleheads!

… outta here … “the future looks so bright, I need sunglasses”! 😎

… Onward & Upward!!

-vegas

UNLIMITED WEALTH THROUGH PRINTING MONEY

 

“Serving the 0.0001% since October 1987!”

Step 1: make sure all major central banks of the world are debasing their fiat via

QE … Step 2. Make sure central banks buy government debt from large banks,

thus ensuring FREE MONEY FOR NOTHING AND YOUR CHICS FOR FREE!

… Step 3. Control interest rates so that Zombie companies can float worthless

debt to buy back stock for almost nothing, thus ensuring higher EPS and a higher

stock price for doing nothing … Step 4. Have a government arm [“Plunge

Protection Team” [PPT], goose stocks higher anytime there’s selling via the

CNTRL-P machine! … and Bingo!, Bango!, Boom!, wealth for everyone! … except

of course the middle & lower classes of working stiffs who see inflation kill their

labor and wages, and ultimately they never get ahead … “but who cares, the

“Big Guy” and his crime family get their cut, right along with other POLS,

Apparatchiks, & regulators via bank “skim” scumbaggery?

“Asia flies, the rest of the world dies”! … do I have to move to frickin’ Thailand or

something? … this constant shit of Asia moving markets, and then the rest of the

world just frickin’ wilts away into chop, is bullshit! … once again the

Chuckleheads get a case of heartburn over Chinese tech stocks, and down goes

Frazier … but no worries, cuz once Europe opens it’s nothing but yawns across

the spectrum, waiting to see what scumbaggery Wall Street has in store for today

… and when I hit my trading screen, everything has died! … nothing but slow

crawls up/down that get reversed rather quickly.

Another disappointing report, this time durable goods … just more proof of the

complete disconnect between “Stonks” and the real world … the DOW30 up for

5 days in a row for about 1400 index points, so somebody tell me what’s so

different from 5 days ago, besides a complete meltdown in China that hasn’t seen

tech prices this low since the ‘08 financial crisis? … and that’s somehow bullish

for the U.S.? … recorder-er-er-er new ATH’s coming almost everyday, no matter

the news no matter how bad it is, no matter how much the “U.S. of China” is

going down the tubes led by Preezy Idiot Boy … do we just go up every single

frickin’ day with more & more Sheeple FOMO-ing by the minute? … quite frankly,

there’s insane and then there’s this stuff.

All we’ve seen today in the DOW30 is wicked “Flying Wedge of Death” [FWD]

moves back & forth inside what will be the 5h day in a row of a daily range

substantially under its 20 Day Range MA, with the turns marked by wicked M1

moves both up/down  … sure, the idiots at the FED are meeting, so what? … blah

blah, yada yada, same old bullshit on tap for tomorrow at 2 PM EST

… “long live the Ponzi”!

And for more comedy gold, here comes the new mandate to wear a frickin’ mask

indoors if you’re vaccinated … why, does the vaccine not work? … if a person is 

vaccinated how can he/she/it infect anyone or be infected? … the only pandemic

is government control of your life … NEWS FLASH FOR SHEEPLE: “you’re gonna

die someday of something, and nanny government no matter what incoherent

bullshit comes out of the pie hole of Preezy Idiot Boy, his “Manchurian

Candidate” VP, or some other “Little Joe Stalin” on the loose looking for power,

is gonna be able to stop it! … I know, it’s a bummer, but get over it”!

Today taken as a whole, hasn’t been a “problem” down day … since the NYSE

open it’s a different story, although the first early break did rally some due to all of

the BTFD’ers floating around the world pretending to be “traders” … since then, though, it’s been a tough trade from the long side, cuz the turns lower are wicked

fast … if you’re one second too late, you ain’t gonna like your sell fill.

Starting tonight / tomorrow, however you want to look at it, I’ll be hitting the screen

at 2 AM EST for the DOW30 … so much good trading action between

2 AM EST - 4:30 AM to 5:00 AM EST, it’s ridiculous … cuz that’s the last 2 - 3 hours

of the Chuckleheads trading in the Asian session, and it has gained in importance

steadily over these last months … some really good moves with some eye

watering algorithm signals to buy … I’ll go to bed early and get up early, there ain’t

nothin’ to do at night anyway except watch the idiot tube, so it’s not that big of a

deal for me … quite frankly, I’m sick & tired of being sick & tired of missing these

moves!, and then ending up watching shit for 5 - 6 hours.

When I got up today, seeing the carnage in China, the worst since the ‘08 financial

crisis for their tech sector, I’m not in a hurry to buy the DOW30, and given the

runups to new ATH’s almost everyday, this stuff is due for a correction … granted,

the FED meeting probably mutes that, but nonetheless it’s DUE! … we are really

seeing totally ridiculous valuations & expectations where the BTFD is all that

matters, and quite frankly I don’t want the company when I’m long thank you.

No trades in anything today … since the NYSE open there’s been nothing but

chop … granted, in a fairly wide range, but for the DOW30 it isn’t that wide at all,

and worse yet the turns are vicious to the downside, only to snap back almost

instantly … by widening my trading hours, and not necessarily caring about

NYSE hours, we’ll capture that “magic” coming from the Chuckleheads before

they head to the casinos … I’ll have info on crypto tomorrow on the blog … now

into the mid-afternoon of New York, and this is turning into a real chopfest with

some wicked spikes … say goodnight Gracie [“Goodnight Gracie!], and I’ll pick it

up in the “wee hours”.

… outta here … “the future looks so bright, I need sunglasses”! 😎

… Onward & Upward!!

-vegas