“When
it dawns on you everything is a pack of lies!”
Yesterday
we finished up for the 4th 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.
“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!
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