“Your FED Chairman is speaking … are you paying attention!?”
Well now, how convenient is this? … QE to infinity, right along with … wait for it
… yea, hope for a “China trade deal” this morning, as every Apparatchik in D.C.
gets marching orders from Trump to hype the hype … how many times does this
pony get ridden before it dies already? … and I’m predictin’ right now, at some
point the ChiComs will come along and ruin the party with some downbeat words
that create a mini meltdown … but until then, party on! … 30,000 in the DOW30 by
year end, I’m sure that’s their goal.
New winter trading hours starting today … no time change here in “Island
Paradise Time”, so an extra hour of sleep … but it does ruin west coast college
football watching.
Over in “Download Links” is a new file on crypto for “Newbies” … view online or
download in Adobe PDF, it’s free to everyone and is only 9 pages … there’s a ton
of stuff in here, so check it out!
One hour in the bag, and speaking of bags, a pile of dog poo in a bag looks better
than the trading action we’ve seen since cash stocks opened on the NYSE
… classic case of screw the shorts in the pre market, suck longs in, and then
distribute positions from last week to another group of “MOMO” Chumps at or
near the top … and the Ponzi scheme known as stocks rolls on. Over in the
DAX30, it’s a little different … stocks here roll straight up for hours on end since
the open, surpass the 20 Day Range with ease, and then when they finally correct
near the European close, there’s nothing left to bounce higher. Unless the DAX30
breaks protocol and starts doing things in hasn’t done in years, tomorrow looks
to be a better trading day than today for the Turnkey PAMM / MAM.
Trading action in the DOW30 is extremely treacherous on the M1 today
… scumbag bank LP’s are scumbags no matter where you trade, and although
they are better @ FX CHOICE than the crooks at Turnkey, they still monkey
around with the bid/offer spread occasionally to screw stops and retail specs
… so far today, 2 hours into trading, the spikes from hell up & down are vicious
… those positioning via the HR1 & using the “Traders Course” [TC] for signals,
got a heads up right on the high with information that is contained in the TC
… topping action plain as day and in black and white.
My hope is that we're not in for the action the DOW30 displayed in 2015 & 2016
into the election, where it’s up, up & away with almost all the gains coming
overnight, and then very little movement one way or the other in the NYSE
session … VIX is slammed lower into single digits and it becomes very difficult
to make money simply cuz there is no movement during the day to speak of
… in other words, “sleepytime”.
Now about 1 PM EST, and the trading action is simply terrible … with Europe
closed, it’s time for the criminal element in New York to take over … Vampire
Squid, JPM, the other usual suspects jerking markets around for their own
benefit while screwing just about everybody else … it is this kind of “rumor”
environment that I hate what trading has become … there simply is no basis in
reality for anything you’re seeing in any of these markets, except of course the
fact that the U.S. is inexorably headed to NIRP in the next 5 years … factor that
into the investment equation, and anything that yields anything is a great buy.
What’s missing is the societal collapse of such a move, and the unintended
consequences it will have until the revolution commences … I can’t help but
think this is France 1788, and nobody can see it.
One buy algorithm trade today … FX CHOICE PAMM / MAM UP a tad short of
0.3%, while the Turnkey PAMM / MAM has not made any trades in the DAX30.
One decent buy algo signal in the DOW30 today … I was a tad late to the trade,
but nonetheless it was profitable … the DAX30 a completely different story
… that opened and spent hour after hour going up, with no break at all, unless
you think 3 M1’s down 7 points is a break, and like I said before, when it does
then eventually break and correct, that’s it for the day and there’s nothing left
but crumbs … that surely describes the day in the DAX30.
Here at 1 PM EST, the DOW30 a complete bucket of shit … we were fortunate to
get the one good buy signal, as the range today so far has been crap and the
trading action very choppy and limited … now that the mini melt up is over from
the bogus “China trade deal” Apparatchik “happy talk” this morning, and the
Chumps filled at or near the top, it’s nothing but “fill ;em & kill ‘em” up ‘till now
… and I can’t say I’m very impressed with what the rest of the day is gonna look
like … more than likely it’s gets worse before it gets better.
Nonetheless, those that have ordered the TC, are seeing how accurate and good
it is, both from a scalping or day trading perspective, as well as from positioning
trades over days … outta here early today … until tomorrow mi amigos
… Onward & Upward!!
Have a great day everybody!
-vegas
No comments:
Post a Comment