“So says every central banker to financial markets everywhere!”
Swing and a miss by Peter Pan Kuroda last night … “seriously, who expected
anything different from a group of people who are so out of touch with reality,
they might as well be Libtard snowflakes in the Free Shit Army … and the
markets yawned”. Next up, we’ll get the Twits from the FED, ECB, BOE,
followed up on Friday with the Department of Unicorn & Fairy Tales NFP
report. Is it any wonder, that all markets across the entire financial spectrum
haven’t done Mr. Jack Squat for years?
All except one, which is the NDX100, and where for the entirety of the last 10
years, every available cent among the investing public has been deposited
… and now may be the time for some serious payback.
Since I started ringing the warning bell last Wednesday & Thursday, ZH has
seen fit to post article after article from blue chip heavyweights sounding the
warning bell as well … Vampire Squid, JPM, & Morgan Stanley to name but a
few. What none of them address is the $64,000 question; “will the government,
in particular the FEDS “Plunge Protection Team” [PPT], show up and
relentlessly prop prices higher still into the midterms”? And if the answer is
“yes”, what happens if the normal crooks [R’s] lose the House & Senate, or
either one for that matter, to the insane, unhinged Libtard Communists waiting
in the wings to destroy the country as you know it? Cuz if that happens, and
they run this tech crap up still more, November will make the ‘87 crash look
like “profit taking”! As I said before, the next 100 days the most important in a
good long while, and without some kind of move, at least into the mid to upper
6 handle for the NDX100 at a minimum, the danger of an all out crash after the
midterms is very, very real.
As if these overextended markets needed any more “happy juice” from “QE &
CNTRL-P” bullshit, further interest rate increases from the oracles in the
Eccles Building, cuz as we all know “Everything is F-ing Awesome Baby!”, is
likely to “seal the deal” for the next recession/depression right around the
corner. And like every other frickin’ time since the end of WWII, the FED
fights the last war, and then sits back and says, “err, it’s not our fault”! And
who’s gonna pay the steepest price for all this bullshit?
Well, that’s easy; “everybody who is invested in passive investment vehicles of the
ETF, ETN, & mutual fund stripe, who’ll be standing in line to get out when
SHTF. And for those that don’t know, now is a good time to learn … when you
redeem, you get out at the next day’s open, regardless how much lower it is,
simply cuz your money manager investment firm has no choice … right along
with all the others trying to redeem tens of billions of dollars in a “Thelma &
Louise” market”. Meanwhile, the guys in the faculty lounge sit around and
wonder what caused this. “Government creates the problem, and then stands up
and demands they be allowed to fix the problem with more bullshit than what got
the original problem started in the first place … everything government touches
turns to shit almost immediately, and that most assuredly applies to the Twits at
the FED”. The fact that this FACT doesn’t seem to resonate with the average
“Murica Sheeple”, doesn’t make it any less true … but when you live in an age
of dumbed-downed dopes who only care about “free shit”, what should you
expect? … why should investment finance be any different?
Add all this up, take off the rosy blinders of “free markets for free men”, and
what you end up with are financial markets across the board, from one end to
the other in terms of volatility and risk, that are manipulated & controlled for
“POLICY PURPOSES”, by central banks, either individually or coordinated
… and while you might not want to admit it, everything modern day
governments know about “controlling & manipulating” people, they learned
and adapted from the Nazi’s during 1932 - 1945. “And that dear amigos, means
markets are nothing more than what some government Apparatchik in some
cubicle somewhere, says it means, and where he/she wants it to go … cuz make
no mistake, and by all means go look for yourself, outside of “tech” the last 10
years, nothing has done shit”!… ain’t no bull markets, ain’t no bear markets,
there’s only chop with the largest group of casualties in the retail spec & small
institutional spec groups … the scumbag TBTF LP banks, by far the clear
winners … you think this is by accident?
Markets, as I used to know them, are O.V.E.R. … the psychology of trading
taken over by a group of policy Twits indoctrinated at some Libtard
reeducation camp, formerly known as “college” … all that matters is the
religion of “agenda”, and while they slowly turn America into Venezuela, they
keep the masses quiet cuz their stock portfolios in their IRA’S & 401(k)’s keep
growing higher … “anybody seen a group of people protesting higher stock
prices lately? … me neither”! And so here we are, the NDX100 the ONLY
market in the world that still sees some kind of “supply & demand”, where the
PPT manipulation is lower than other indices for sure, and where the
aforementioned Apparatchiks actually HELP US! “Hey, might as well let them
work for us while they destroy the country … what is the alternative? Where is
gold going? Where is any FX pair going? Going nowhere is where”! And more
importantly for investors & traders of all stripes, where is anybody going to
generate “Alpha” [yield]? With inflation & taxes, by default the central
bankers force you out of any shell you want to be in, and make the decision for
you … “cuz unless you’re in something that has promise of future returns,
you’re going backwards thanks to them … some world, huh”?
Turning to today’s NDX100 market … “a total planted headline by Bloomberg
6 minutes from the NYSE open to obliterate shorts on the open, and then the
entire day nothing more than a “Plunge Protection Team” [PPT] scam to pull it
grudgingly higher … what a joke. Can these assclowns be more obvious in their
manipulations of the DOW30 & SP500”? And by proxy default, the NDX100
slowly climbs as well. Quite frankly, I’m willing to give up a few tenths of a
percent of performance on the upside to the NDX100, to escape the brutal
reality of being stuck long when they “monkey hammer” the shit out of the
index in seconds on the downside.
So, however high you want to sucker traders back into this ponzi scheme today
before Apple earnings after the close, be my guest … without some kind of
break, there isn’t any chance of me being long just cuz you’re hitting a new
high for the day by a couple of points … “if you’re long one second too late, you
pay the price “bigly & yuuuge”, and given the landscape of the last few days,
chasing price higher is a fool’s errand”!
Directly below, I’ve included a weekly NASDAQ Composite chart from ZH;
granted, it’s not the NDX100, but the composite, but it’s a very close proxy.
One look at this, and then please tell me the next 100 days aren’t important!
With everything coming to a head in the economic, financial, geopolitical, &
U.S. political realm, ignoring this overextended weekly chart is not wise
IMHO. And the inflection point for the NDX100 is this weeks low so far of
7150 … anything below that, and not only does the 50 day MA get breached,
the upper weekly trendline gets breached as well. Not predictin’, just sayin’.
A handful of trades today … PAMM up slightly, about half way to 0.1%.
Volumes light today, given the significance of Apple’s earnings after the close,
and seeing the PPT manipulation right before the open … all it told me was,
“this day is most likely gonna be a chopfest, and careful is the watchword for
today”. Looking back over the day, it’s been nothing but 1) a short squeeze at
times, and then 2) long liquidation for those that hung around a few seconds
too late and either got to sell a price break or their sell stop got hunted and set
off. The problem with the short squeeze, from a getting long perspective, is that
it was artificial in nature AND happened way too early in the day to be
sustained … it was nothing more than “chump buying”, that was gonna get
faded when it petered out and died … problem is, neither JPM or Vampire
Squid is gonna email me and let me know when that is.
So, in context, this could be classified as a “consolidation” day … either to the
upside or further downside remains to be seen … not really a lot here today
waiting for the last “FAANG” stock to report earnings … if they miss, look out
below folks. And while profits today small, in proper context it is to be
expected on days like this, when equity markets are manipulated beyond belief
… it is what it is.
Tomorrow sees the FED Twits taking center stage, so who knows what’s gonna
happen, right alongside Apple’s expected action … in any event, the PAMM is
positioned to take advantage of the NDX100, and outperform the index. And
with that, I’m outta here … until tomorrow mi amigos
… Onward & Upward!!
I got a chat session tonight with Google support, so hopefully the ‘Google
Sheets’ online app will be up and working rather quickly … again, we’ll see,
but the PAMM Spreadsheet will be up when they get the problem figured out.
Onto to tomorrow!
Have a great day everybody!!
-vegas
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OPERATIONAL; SEE “PAMM/MAM MONEY PROGRAM” IN
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