“Wut? … it’s Monday? … time to trade?!”
Another bucket of slop Monday, ‘till 1:32 PM EST, when the now familiar planted
headlines regarding, you guessed it, “China trade deal” hit the wires and all hell
breaks loose … 2 thoughts; 1) I’m getting really tired of the same old bullshit
jerking markets around, and 2) this headline isn’t even all that positive, so why
are stocks blasting higher?
The entire day has seen ZERO DOW30 algorithm buy signals … and the reason is
simple; it’s algorithm parameter carryover from Friday, through Sunday night, and
into today with very little movement … our directional parameters are literally on
top of themselves, and until about 1:30 PM EST, there wasn’t anything to do in a
dull, listless DOW30 market … now after second thoughts by the HFT’s and
scumbag bank LP ‘s, stocks are retreating and have given up most of the gains
from the bogus headline … well, more actually as they now got the longs on the
run and are squeezing sell stops … couldn’t get a legit buy signal before the
“China news”, and now after they blew it up, you can’t get the DOW30 to rally.
What a nothing day.
I’m working feverishly to get the “Traders Course” [TC] done, so the time today
hasn’t been all in vain, waiting for signals that aren’t there … short blog today
… back to writing … now that I’m focusing on the DOW30, look for the blogs at
around 4:00 - 4:30 PM EST each day … until tomorrow mi amigos
… Onward & Upward!!
Have a great day everybody!
-vegas
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