THE DAX DISAPPOINTS TODAY

“Great market, too bad it didn’t trade much today!”

Great day to start trading the DAX30 … not … today sees one of the lowest range

days we’ve seen in months … not sure if it’s due to BREXIT, or it’s simply

Oktoberfest spillover and time to drink brewskies 24/7 … dunno, but this is

ridiculous … range here at about 1 PM EST, with Europe closed now, is 67 index

points, almost 70% beneath its 20 Day Range MA … wow, what a sigma miss this

is on the low side.

In any event, nothing to do but wait for tomorrow and tee the ball back up … not

that any other market is doing great shakes, cuz none of them are … excluding

GBPUSD simply cuz of the clusterfark known as BREXIT, and not wanting to get

caught up in headline bullshit.

The DOW30 goes to a new high, but ranges and trading action very dull … it feels

like banks are simply hunting for buy stops on the upside and flushing shorts out

… trading action is abysmal.

And here we go with more BREXIT bullshit, as both the DAX30 & DOW30 get

“monkey hammered” on negative news right around 2:30 PM EST, and the DAX30

trips sell stops for a new low for the day … just the kind of bullshit I want to avoid

in late afternoon Gotham trading, while feckless British POLS screw things up

… and away we go to the downside, with the DAX30 now moving the day’s range

past 100 index points, all mind you after the European close … from the way the

selling is picking up into the NYSE close, apparently the street doesn’t like the

news from Westminster … and now I see some more “Trump’s gonna get

impeached for sure now” news coming across the wires, and while dubious at

best, given the tone from BREXIT, traders are looking to sell … as I said before,

more afternoon bullshit in New York, gee what else is new? … let’s see how this

shakes things up for tonight and into tomorrow.

More tomorrow on the “Traders Course” [TC] release ... we’ll get the new

PAMM / MAM kicked off tonight, after a slow start due to sloppy trade conditions,

and get underway there … until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!  

-vegas