“Welcome to the Guberment run Ponzi markets!”
If you ever wanted hard evidence of the scope & depth of manipulation going on
in U.S. financial markets, especially “Stock Bellies”, you got it yesterday with the
Plunge Protection Team [PPT] liftoff right at 40 minutes to the close … quite
frankly from FX to anything else listed [excluding crypto], they’re ALL FED
SPONSORED PONZI SCHEMES … hell, they don’t even hide the manipulations
any more! … you can forget “fun-durr-mentals” cuz they don’t exist … what
“exists” is simply the desire of the FED to rig markets for the Elite Globalists,
who are their masters, and screw all specs who enter the field of play, whether
it be long or short they don’t care, cuz they hate everybody … and so wannabe
“Jedi Trading Warriors”, the name of the game is figuring out what the
manipulators do and when they’re most likely to do it, and let them carry the
water while you piggyback them to riches … that’s all that matters any more,
there is nothing else!
I was ready at the European close yesterday for the “Spoos” to turn around, but
they never did, and instead kept cascading lower … the PPT scum decided to
wait for the close to trap shorts right off the low of the day, and I almost never
initiate trades in the last hour of “Spoos” trading … I saw it, but had to let it go,
cuz there simply isn’t enough time left … and FX has turned into an absolute
horror show … the loss of specs to trade FX is really hurting price flow up/down,
cuz the only thing that is there are institutional order flow and the scumbag LP
banks … without specs to FOMO & panic, where can these markets go besides
pitiful PIPS the banks just laugh at? … and you're seeing the manifestation of
central bank manipulation each & every day, although MSM financial sites will
never utter the “M” word for fear of getting blacklisted by the central banks and
not invited to the parties, or get prime interviews from stuffed shirts.
Who would be surprised, if I told you I got up this morning and saw the following
in regards “markets” [cough, bullshit, cough] … “We’re sorry, the casino is
closed today for repairs & maintenance, but we’ll be back open right at 2 PM EST
on Wednesday! … this to better serve you & your trading needs”! … well guess
what? … I might as well have gotten this message cuz the entire universe of FX is
DEAD, the “Spoos” climbing about 100 index points off their lows in the dark
when nobody is looking, and crypto picking up the pieces of yesterday’s double
digit massacre in price and not wanting to play today [so far].
The entirety of FX should be put in a funeral home … we could have a wake
… then bury the lot of ‘em out back next to the garbage bins … quite frankly, who
would notice the difference between being alive & trading, to being dead? … it’s
the SAME THING … taking the last 40 minutes of trading yesterday + overnight
“pajama trading”, the “Plunge Protection Team” [PPT] once again rockets “Stock
Bellies”, thus handing the scumbag Wall Street banks huge profits from all the shit
they had to buy during yesterday’s meltdown, and why not do it when nobody is
looking and it’s the cheapest? … ho hum, biz as usual for government
manipulators … meanwhile over in crypto, for the 49th million time and counting,
FUD [fear, uncertainty, doubt] hits BTC hard over Apparatchik’s desire at the SEC
to throttle Bitcoin and people panic … add to that the meltdown in bubble assets
in general, and BTC got monkey hammered yesterday, and at the Asian open last
night before rocketing higher thank you very much Mrs. Watanabe & Gal Pals
… and since then it’s been very quiet … today of course, it’s “hurry up & wait”
time cuz the FED is on deck tomorrow with its own brand of stupidity, which of
course will likely rile “markets” [cough, bullshit, cough].
The “London Fix” comes and goes, and here’s a shocker … Cable on its low of the
day right at the “Fix” … and as you know, by sheer coincidence [cough, bullshit,
cough] this is almost a daily phenomena … the ranges in this crap so bad, it’s not
even worth going over what FX did … just horrible.
There are only 2 markets worth watching, the rest pretenders, and they tell the
whole story for everything else … SP500 & USDJPY … everything filters down
from these 2 … as I said before, there are no “fun-durr-mentals” in anything, just
knee jerk reactions to what Apparatchiks at central banks say and do, and the
moment to moment order flow so banks can fade the action … crypto somewhat
different, cuz the manipulators in crypto are whales that INCREASE VIX, not
DECREASE VIX like the scumbags at central banks, but to some extent when the
“Spoos” get a case of heartburn and go “tapioca” quickly, BTC will feel it as well
… and we saw that yesterday with a double digit loss in BTC, that at times had
sheer panic written all over it.
Today’s action in “Spoos” a joke, cuz all of the “buy fuel” got eaten up in
yesterday’s last 40 minutes of trading + the overnight session, meaning there
isn’t anything here for today in the NYSE session, and it explains the “herky
jerky” chop action, albeit in a wider range, that we see today before the FED
tomorrow … trading action is better than it was … let’s hope it stays this way
going forward.
I knew coming into today, that most likely this would be a “throw away” day, cuz
of the FED tomorrow, and all you would see is squaring of positions and some
serious chop … for sure that’s what FX saw, and now that Europe is closed for
the day, the “Spoos” are in chop mode as well … nothing is going anywhere until
the Lounge Lizards at the FED show their cards tomorrow at 2 PM EST
… then SHTF … until tomorrow, no trading today in anything.
Before I finish for today, I want to add that I’m putting the DAX30 back into the
PAMM trading mix … bid / offer spread has stayed stable around 1.2 - 1.4 index
points during the European session, and the 20 Day Range MA is now currently
above 200+ index points, today seeing it at 200.1 index points … for what
seemed like forever, this index was stuck in mud … I think Turnkey has new LP’s
in the DAX30, but I can’t verify that, but I do know they want to be a “player” in
the indices CFD’s … well, they would in fact need new LP’s cuz the ones they had
before stunk, with my biggest beef being gyrating spreads when conditions didn’t
warrant it … but given the performance of the SP500 CFD, and some trades I’ve
made in that, all of which I will add were satisfactory to excellent in terms of
latency and no slippage, I’ll for the moment extend some attention to the DAX30
and give it the benefit of the doubt cuz I know they [Turnkey] want to have more
traders trading it … so, I’ll do what I did in the “Spoos” CFD, I’ll start with light
volumes and work from there, increasing volumes if everything meets my
expectations … the issue with the DAX30 has always been 1) inconsistent spread,
and 2) slippage, so we’ll see what happens … quite frankly, I’ve always liked
trading the DAX30, and have off & on traded it, sometimes heavily sometimes not
at all cuz of these 2 issues, at many brokerage houses offering it … it can be a
very good index to trade, but conditions have to be right, otherwise you’ll get
screwed blind by the scumbag LP’s.
… outta here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
