“Nothing like “weekend risk” to bring your head up out of the sand!”
Well now, wasn’t that special? … cuz we had all been assured by the smartest
people in the room, that the trade deal with the ChiComs was a “done deal”
… oh sure, a few minor details to iron out, but it’s gonna get done … WHAP,
RIGHT IN THE KISSER! … and once again, ignoring my ironclad rule of
trading, which is NEVER take anything home over the weekend, unless
1) hedged up, or 2) some type of options position that eliminates the risk
… but open long or short positions? … nope, never.
And now, the classic case of “dump & pump”, brought to you by your friendly
“Plunge Protection Team” [PPT], right out of the opening gate to remind you
not to sell your stocks on perceived bad news, but to rejoice cuz they’ve got
your back … until they don’t … welcome to the manipulation, overt & in
your face.
Given the China news overnight, and the ranges coming into the New York
day, what a very big disappointment the NDX100 put in … and, to be brutally
honest, that’s the intention of the PPT, to give anybody pause before they sell,
and a pretty bold warning to traders … “sell at your own risk, cuz we’re here
waiting for you”! … forget the fact government has literally no business
interfering in supposed free markets … that train left the station years ago,
and nobody gives a shit anymore.
A really lousy day for trading … only one algorithm buy signal … PAMM
up a few bucks.
And like last time, ripped by the scumbag LP’s at Turnkey, where it took over
2.5 seconds to fill me … really pathetic, and yes I’ve bitched and they say they
are “investigating” … same old shit, different day … and so, like I’ve said
before, getting ripped when initiating a position, I close it when it’s profitable,
and that’s what I did … again … not that there’s anything here in the NYSE
day anyway … nope … all the action really was overnight … the New York day
comes and it’s PPT & corporate buybacks and we sit and chop higher
… seriously, markets have become a joke, and all you can do is try and play
the manipulations cuz that’s all that’s here … any semblance to markets of
years ago and there’s no comparison … sadly, this is what everything traded
has become.
Today is the 9th day in a row stuck inside a blocked wedge for the NDX100
… the government so afraid of a stock decline, even at these lofty levels, they
gotta send in the PPT today on the NYSE open and gaslight the shit out of U.S.
stock indices … pathetic.
Onto tomorrow, and who knows what breaks overnight in the news
department … don’t expect China to sit quietly and take Trump’s shit on
trade, cuz more than likely they will retaliate somehow and in some way. High
on the list would be a Yuan devaluation, but they say that’s off the table
… “yea right, trust the ChiComs, that’s the ticket”! Until tomorrow mi amigos
… Onward & Upward!!
Have a great day everybody!
-vegas
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