“How can we be sinking? … The music is still playing!”
Another overnight adventure, as I gaze out on the markets early this A.M.,
only to see massive moves out of the box Sunday night, and then “crickets”
going forward, until Europe opens and suddenly everybody wants to buy
MOAR! Our favorite yellow pet rock is getting rolled back up the hill, for like
the umpteenth million time since 2012 … the “Comex Con Game” running
strong this day on world depression talk … and when it’s over and they all hit
the exit gates at the same moment, another group will be reminded of why
nobody trades gold anymore.
But not to worry, as the “Plunge Protection Team” [PPT] is on the scene, and
their efforts to keep the music playing in first class as the ship sinks is
heartwarming … more bad news piled onto a heap of other bad news, but that
only means buy MOAR! … enjoy the dance!
Bid/offer spreads in all the stock indices, again blown out past 100% of normal
on the NYSE open … “you’re not supposed to notice this, OK”? … no, you’re
supposed to STFU and trade … well, my message for Turnkey and their
thieving LP’s is one of, “no thanks scumbags”. Why these assclowns can’t
maintain consistent spreads is beyond me, when there isn’t anything going on
but normal trading … there isn’t any big news that just broke, it’s simply
fucking greed.
And at the 25 minute mark into the NYSE day, spreads go back to normal in
the SP500 … feel manipulated yet? Did somebody push the wrong button at
manipulator HQ? … amazingly, this happens at the open just as the idiotic
Chipmunks get their fill of buys … coincidence? … yea sure, let’s go with that.
And after an hour, we’re right at the same place in the SP500 immediately
before the open … “a little song, a little dance, a little seltzer down your
pants”, where both longs & shorts have been squeezed in the first hour. Quite
frankly, and I’ve said this repeatedly over time on the blog posts, when you
enter New York trading in the early AM [e.g., 6 or 7 AM EST], and you’ve
already blown out the 20 Day Range MA for the day, what the hell is left?
… and the answer about 99% of the time is NADA … nothing but chop and
confusion … and today has been all about that theme … please welcome the
“Flying Wedge of Death” [FWD] to the scene, as the market alternates
between panic up moves to the high and panic down moves to near the low
… stop, reverse and pivot, and welcome to the “shitshow circus” of PPT
manipulation.
Lo & behold, we did get an algorithm buy signal today … PAMM up a few
bucks.
But what frosts my cupcake, is the fact that the buy side of the trade took
over 3.5 seconds to fill at the market, and then the sell liquidation took over
2.5 seconds to fill … all told, that’s 6 seconds of pure bullshit from a group
of scumbag LP’s who shop the order around in order to fuck with us … it’s
inexcusable, and it’s a persistent problem with Turnkey LP’s we’ve never
encountered at any other brokerage house … I made the same trade at
Coinexx in a real account and got filled in under 800 milliseconds, from start
to finish … but the Coinexx SP500 CFD trade returned almost double what
the Turnkey trade did … thank you Mr. Slippage … I hope you assclown
LP’s choke on the money you stole. Directly below, the “Journal” entry of
the trades from the MT4.
click on box to enlarge
And as we have seen since the decline in the SP500 since May 1, the internal
action in the market, as we go through the day has been ALL WRONG
… throw in the antics of the PPT to make things worse, and this is what you
can expect … a market that is drifting lower despite the manipulators best
efforts … if they’d just leave it the hell alone, the market would take care of
itself and we could recover.
As I write, FED Pie Hole Bullard opens up on a rate cut for later in the year
… “right, wait some until things get far worse … clueless”. And off we go on
the oil & SP500 merry-go-round, where first it’s the shorts that panic, and
then immediately the longs get “monkey hammered” … and now of course,
the scumbag LP’s are right back to their conniving ways, by blowing the
spread out on the slightest movement … seriously, these people are criminals.
Whaddaya gonna do? … until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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