“How to deal with scumbag LP’s!”
Late yesterday, the scumbag LP’s at Turnkey, finally returned SP500
bid/offer spreads to normal … maybe they were embarrassed?
… bwahahahaha … sure, and water flows uphill too! And hidden in all of
yesterday’s stock market euphoria, a nice little article posted on ZH about
FX manipulation. The link directly below:
Directly below, a summary table of the E.U. fines levied for FX
manipulation.
click to enlarge
Notice our friends JPM & Citibank, and the hundreds of millions of
EURUSD they’re paying in fines … chump change in the scheme of things,
but ask yourself why it stops at the FX curb? … what about gold and the
stock indices? … you think it’s just FX that’s a rigged game? … EXIT
QUESTION FOR THE E.U.: “So where do all the retail customers go to
get their money back, or do you just keep it all for the common good and
specs get shafted”? … well, we all know the answer to that one don’t we?
Granted, the banks don’t question the fines, they just pay them … far
cheaper to give Apparatchiks a few pennies, then to mess with dealing with
them … in other words, back to the game where there’s bigger fish to fry
… and of course, nobody goes to jail cuz neither the E.U. or anybody else
can prove the assertions … so, on this other side of the coin, these actions
are not taken to protect the public, they’re simply shakedowns for cold, hard
cash AND the justification of their existence. It’s hard to cheer for anybody
in this, cuz they’re both so fucking corrupt.
And all of this leads right into today’s SP500 trading, where overnight China
let the air out of the balloon, and sentiment turns sour coming into today’s
trading action. How many times do I have to say this, for people to
understand what’s really going on? … All that matters are POLS &
Apparatchiks, nothing else! … take all the economic stats, charts, technical
indicators, and anything you got and throw it away … POLS &
Apparatchiks move markets, cuz the HFT’s make it happen. So today,
China’s MSM mouthpiece announces … wait for it … announces no more
trade talks cuz of the Huawei mess. And suddenly sentiment turns, what a
shock. But don’t worry stock bulls, optimism comes back when the “Plunge
Protection Team” [PPT], Trump tweets, and the comedy act of Mnuchin &
Kudlow hit the airwaves … first, though, before they unleash the Kraken,
they gotta get long on the breaks … THEN! … then suddenly, optimism can
return and lemming traders can chase the shit higher.
This is the classic medical symptom known as “FOMO” [Fear of Missing
Out], and when you’re in the permanent paradigm we find ourselves in now,
you can’t afford to be sitting when stocks are moving higher if you’re an
institution … nope, you gotta chase it up and make an idiot of yourself
… but I digress.
Meanwhile, over in gold, the latest round of new found buyers got suckered
into buying near the top, as the “Comex Con Game” takes more spec
casualties … if only somebody could have warned people … oh well, passion
dies hard when price is moving higher.
So, we open right near the low of the day, with news once again terrible, but
hey … BUY MOAR! … and at the opening bell, it’s the same group of usual
suspects buying the living shit out of stocks, cuz they’ve never ever seen a
stock price that was too high to buy … and bingo bango BOOM!, never mind
about all that negative news that’s supposed to affect stocks negatively
… stocks forever higher-er-er!!
And that’s it! … we’re never ever going lower again … SP500 higher on the
day on a buying orgy cuz shut up and buy MOAR! … can’t get this shit to
move lower longer than 2 - 3 minutes before some clutz steps in and bids go
higher … a literal orgasm of manipulated buying from the usual suspects
… “OH, I feel so warm inside, all tingly & shit, knowing our government is
buying stocks to manipulate behavior for social control, and to benefit the
0.001% of course.
So here we are in the SP500, cuz quite simply it’s the only “80/10/10” market
that isn’t going to fuck us blind with disastrous slippage [hello NDX100]. And
since it’s impossible to trade any crude oil, either Brent or WTI, that only
leaves FX, and do I really need you to go back and read the first part of
today’s blog post? … that means, we put up with the bullshit from the usual
suspects and patiently wait for our algorithm to give us buy signals, which it
WON’T do on straight shots up. Is this market frustrating as all hell? … you
bet, cuz when it goes down in a panic you can’t get an up tick to save your
life, and when it rallies on manipulation you can’t get any meaningful small
breaks to buy … and if you're not buying corrections, how do you make money
buying rallies?
What really frosts my cupcake, though, is that you have far better trading
conditions when the NYSE is closed, than you do when it’s open … come
sunrise in New York, and more specifically at the NYSE open, the
manipulators are out in force almost every frickin’ day … and there’s your
new algorithm … buy every day at 9:29 AM EST, cuz no matter where this
shit is at, what the news is, no matter if Jellystone Park has blown up &
nuclear war is raging with the Norks, stocks will rally coming out of the gate
on manipulated buying … I’d say it’s about a 95% probability of success for
some kind of profit.
I have no desire to mix things up with the criminal element of Citigroup &
JPM this afternoon in the SP500 … it’s options expiration and who the hell
knows what’s in store after about 1:30 PM EST … moves are likely to be
quick and erratic and make even less sense than they do regularly
… however, if I did do a trade after the post, I’d do an update after the close
at 4PM EST … Ok, I’m outta here for now … blog update on Sunday
… until then mi amigos … Onward & Upward!!
Have a great weekend everybody!
-vegas
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