CHICOM CHAOS

“Financial markets go insane on bullshit & fake news!”

I don’t even know where to start, in describing last night’s complete “shitshow

circus” in stock indices … “chaotic” puts too soft a spin on it, and even if I had

wanted to trade it [which I did], I couldn’t cuz Turnkey’s scumbag LP’s had the

DOW30 bid/offer spread around 8 … yes, that’s right … around 8 index points,

and that doesn’t even take into account slippage, which would have added

another 2 - 5 points, sure as I sit here … a bigger group of crooks & thieves I’ve

never witnessed in my entire trading career … ever … and believe me, I’ve seen

some beauties.

In the span of 3 hours last night, roughly right after the open [6 PM EST], to the

China open right around 9 PM EST, the DOW30 went on more than a couple of

wild rides totaling about 1,000 index points … of course, when that’s over and

there’s no money left anywhere, and the order books on both sides have been

wiped out, the market quiets down and goes “sleepytime” … as I’ve said before,

“speed of light … crickets”, and “Hoover Dam” little of anything else. Throw into

the equation the scumbag LP’s, and you’d be better off playing lotto tickets.

So as the sun rises on the biggest money laundering scheme known to mankind

[that would be the New York trading session], the trade looks nervous and

choppy … “well, no shit? … can’t imagine why anybody would be nervous with

the New York banks running things”! … today’s $64,000 question simply is, “at

what M1 today do the algos go nuts with another ChiCom “China trade deal” piece

of propaganda bullshit to roil markets”? … crickets until the explosion is my best

guess.

Mid morning, and this is an absolute fucking joke in the stock indices … right out

of the NYSE open, a blast higher from a Trump tweet that’s got the HFT algos

gidddy with joy … “gee, ya think that’s a coincidence? … Trump tweets right at

the open of the NYSE about a trade deal … sure, believe in the tooth fairy if you

want, but it’s all part of a coordinated plan to rally stocks and crush shorts, thus

enriching banks from last night … who the hell ya think was buying the panic

selling, Grandma from Des Moines? … like I’ve said, just a money laundering

exercise in New York, each and every day in whatever market you want to look at

… I realize many don’t want to believe it, but I’m not here to tell you what you want

to hear, I’m here to write the truth … and that’s the truth”! … what a bucket of

stinkin’ shit, made worse by trading conditions from a group of thieving, crooked

bank LP’s, masquerading as “liquidity providers”, which is the biggest joke this

side of the “woke” NBA … things will be changing soon, very soon.

Just a little before Noon in Gotham, and the shorts are on the run, as the DOW30

powers higher still from Trump’s tweet … FOMO [Fear Of Missing Out] the likely

culprit behind the panic, cuz what if he’s right and there is some kind of an

agreement in the next day or two? … in reality it doesn’t matter much, but

markets aren’t reality, markets are perceptions … so, waiting for the inevitable

retracement and subsequent algorithm buy signal … I guess with the NYSE open

now, Turnkey’s scumbag LP’s can go back to normal conditions, and all it took

was a miracle of the NYSE open … amazingly, though, other offshore brokerage

houses maintained normal 2 - 2.5 index point DOW30 bid/offer spreads all night

long, while Turnkey was at 8+ … amazing they would be willing to lose money to

traders with tighter spreads, while Turnkey is the “legit” quote … and if you

believe this, I got some prime beachfront property in Kansas to show you.

Two algorithm buy signals in the DOW30 today … PAMM up a few bucks.

The first algo buy signal I didn’t take, cuz it was too close to the high where the

day’s range is about 600 index points … a look at the week’s 20 Day Range MA,

shows the value at 298 index points, so where’s the market going with an already

600 index point range? … sure, it could go higher, but it’s a very small probability

window for that to happen … the trade would have netted a few bucks, but that’s

not the point … point is, I need to see a deeper correction with this kind of range

so far above its 20 Day Range MA.

The second algo buy signal was legit, and we netted some bucks from it … when

you consider what happened last night, and the range we’ve already seen in the

NYSE session, this signal should have performed better than it did, but it didn’t

… we take what the market gives us and leave, simple as that.

We’re down to the last couple of hours of trading today, and with all this China

bullshit going on in D.C., what with their negotiator there, going into the close is

a dicey proposition … we could get some nasty up/down spikes if news breaks

with no time to maneuver if things go south … I don’t see any positive

reward / risk ratio going forward the rest of the day, as anything can happen and

this market could move dramatically one way or the other … what a stinkin’ mess.

Outta here a little early today, this stuff appears to be going nowhere … in any

event, onto Friday and we’ll see what happens … until tomorrow mi amigos

… Onward & Upward!!

Have a great day everybody!  

-vegas