And
then there comes a day, when Newbie traders get “re-educated”; they’re not
ready for the explosion in volatility [largest ever percentage increase in the
VIX yesterday for 1 day … 110%], they have no concept of “setup”, and they have
no idea of the mechanics & logistical patterns of market breaks and/or
rallies in the stock indices. Eventually it catches up to them … yesterday was
one of those days.
From
my perspective, it certainly could have been a hell of a lot more violent than
it was … breaks off of rally attempts were, for the most part, rather orderly …
there were a couple of 5-7 point downdrafts, but 5-7 Dow30 points ain’t nothing
like 20-30 Dow30 points when you start talking gaps in prices.
What
bothers me more than anything, though, is that trading has become a “tent
sideshow” in the circus known as Western Civilization; increasingly, markets
are being held hostage to anything and everything “non trading related" except
in the most tangential way possible by corrupt and despicable politicians [most
notably Libtards, who won’t be happy until the U.S. is turned into Venezuela … “it’s for the children … you knew that,
right”?] who increasingly view power as their “right” and not a privilege
bestowed by the governed. All you have to do is ignore the rhetoric and watch
their actions, to know they can never be trusted with power of any kind ever
again or the country as you know it is over. O.V.E.R. With all we know due to
the leaked emails by Seth Rich, who worked for the Democrat National Committee
and was murdered … yes liberals, he was murdered … shot twice in the back and
left for dead with wallet intact … it has now been confirmed he leaked over
44,000 emails to WikiLeaks [“oh, I was
assured by the WaPo and NYT it was the Russians”!] … can you imagine the
plundering of the country via Cankles & crew if she was elected?
While
politics generally repulses me due to the hypocrisy, arrogance, smug attitudes,
smarmy self-superiority complex, and basic delusional mindset of how the world
works by people who think they know what’s best for you, when it spills over
into markets you can’t totally ignore its manifestations. The problem is you
don’t know whom to take seriously; for example, anytime professional Loons like
Pelosi and/or Maxine Waters speaks, you can rest assured nobody is paying
attention. However, moving up the political food chain, it’s sometimes tough to
know what market reaction is going to be from people like Chuck U. Schumer,
Ryan, or McConnell.
The
other problem comes from the FED, and their near maniacal desire to crush VIX and
keep their Over Lords [where they go to retire and make millions for doing
absolutely Mr. jack Squat] happy with near dead markets that drift lazily higher.
When the cork pops, like today, their efforts exacerbate the problem they say
they want to eliminate; again, if you believe this line of bullshit, you
probably believed in Obama’s “hope & change” tour and thought sea levels
were dropping. Sorry, I can’t live in this dysfunctional delusional world
without getting sick.
Turning
to today’s market … can anybody see in the pre-market hours leading up to the
open an increase in volatility? … Dow30 is all over the place, but as I said
yesterday, the worst thing that can happen today if you want to see higher
prices at the close and get rid of the downside action, is to have a lower open
@ 9:30 that opens and “attempts” to go lower … the sharper & quicker [time]
the better, and that “washout” sets the stage for a very good afternoon rally
as shorts get caught and have to cover. We’ll see what happens here in an hour.
Well,
here in the first half hour, the doofus, assclown institutions do what they do best, which practically every frickin’
day is “buy the New York open”! I swear, I have nothing but contempt for
these chumps, cuz they have no clue what they’re doing … “oh wait … these are the ‘smartest people in the room’ Ivy League
types, who when on the trading floor lost so much money they became contra
indicators … no matter, these brilliant stock buyers have never seen a price
they didn’t like and for the effort, equally doofus coastal types place
trillions with these clowns to manage … is it any wonder people flock to ETF’s
& index funds”?
My
day did not start good; first, a mistaken buy fill when moving the order box.
Of course, it went straight down from there “no problemo Nemo”; I would whine
with my cheese, but “Bones” sums it up best directly below.
“I
can be a Princess if I want to, OK?”
But,
the problems are only beginning cuz now I have to deal with the scumbag LP’s in
the Dow30, who now see a reason to screw every order cuz volatility has
increased. To wit, 2 examples from today; the first directly below just seconds
before a 50 point explosion to the upside, where the LP decides [cuz he knows
what is about to happen] to “jack” the spread out to 4-5 index points from the
normal 2.
So
why do you suppose the dealer thinks he needs this extra protection via an
increased spread right before a 23 point move in 1 second to the upside at
14:25 with no news pending? [EASY PEEZEE: “He
knows something I don’t, and if I want to ‘play’, I got to pay”!]
And
just when I’m dealing with this crap comes my market fill on a buy liquidation,
where with the market at 68 bid and I hit “close position”, I get filled at 62.
WTF is this? And because I thought we were all on the same team here, I
suddenly feel betrayed like the kid below when he finds out the truth.
“Next
thing you know somebody is gonna tell me markets are rigged!”
And
through all of this, I’m even on the day, and here comes news that Comey
testified to Congress under oath on May 3 [over 2 frickin’ weeks ago!], where
video shows him saying nobody impeded anything at any time with regards Flynn.
Ok, why isn’t the Dow30 and SP500 moving on this news? This was made public at
1:20 P.M.; it wasn’t until 33 minutes later the market started to jump … no
signals of any kind, just a straight move up the “talking heads” assure us is from
this news … am I living in some kind of alternate universe where it takes
traders 33 minutes to figure out stuff like this? Seriously, I’m sitting here
thinkin’, “why isn’t this stuff moving up
on this”? And it’s got me spooked.
But
here’s my questions: 1) why now in the early afternoon is this released, and 2)
where the hell are the DEMS on this committee listening to this not telling the
moronic idiots calling for Trump’s impeachment yesterday, “umm guys, I was at the hearing where he said under oath there was no
pressure to impede the FBI, so maybe instead of putting your foot up your ass,
you might want to “tone it down” a little cuz you are gonna embarrass yourself”.
WHERE THE HELL ARE THESE PEOPLE?
“In
my minds eye, this only proves the obvious; 1) this release was planned and
coordinated from the get go to get people to sell into the rumor; then, when
selling dried up, here comes the release of this video, otherwise why not
release it when the rumor driven NYT had the “fake news” story of the month and
it could have been used to drive it up their idiotic socialist asses, and
markets would not have gone bat excrement crazy … but no no, don’t want to do
that, and 2) I DON’T WANNA HEAR ONE DAMNED WORD FROM LIBERALS ABOUT MORALS,
INTEGRITY, TRUTH, or what’s good for the country; all of you are scum. It’s a
never ending shifting shit storm of false narratives, one day to the next,
driven by the Soros sycophants in the MSM to distract & deflect away from
the business of the country … all that matters is your socialist agenda and
tearing the country down as it was intentionally founded… cuz if there’s one
thing Libtards will and cannot tolerate, it’s a growing economy, reasonable and
affordable health care, and less dependence on government. OTHERWISE, WHO NEEDS
GOVERNMENT AND LIBERALS AT ALL? You simply cannot ever be trusted again with
power.”
This
day has been a total “clusterfark”, start to finish; problems everywhere I turned,
but mostly from the “setup” of an opening in New York that immediately goes
higher, then meanders to the afternoon until the “Comey News” drops, and then
we get a “vapor rally” out of nowhere. Once the final shorts are cleaned out
from this morning, time to take it lower until tomorrow, which has conveniently
been happening since the high @ 2:32 P.M. in New York, all the way to the
close.
Considering
everything that happened today from stupidity [me, with the order box],
outright theft by the LP on a market fill that was 6 points off the bid [“but don’t worry, we have the tightest
spreads and deepest liquidity in the world! (what a bunch of bullshit)”],
and the manipulative effects of the Comey news dropping this afternoon, that I’m
sure “key people” knew of and positioned correctly for the rally, to be down 80
cents for the day is a major victory in my book, and I'll take it and go home. Tomorrow's another day.
PAMM/MAMM
Spreadsheet directly below.
Time
for the beach … 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”!
No comments:
Post a Comment