“I named him DOW30!”
Welp! … and just like that, President Trump decides to let the ChiComs buy
SP500 futures lower … then of course, the usual suspects of Kudlow, Mnuchin,
Ross, & Conway [reminds me of Dewey, Cheetum & Howe … but that’s another
story] will be trotted out for the cameras & microphones in full force over at
‘Murica’s favorite perma bull network CNBC, and the “reverse” “Comex Con
Game” can commence after the “gamma shorts” get crushed, and the
recorder-er-er VIX spec futures shorts [now over 200,000+ futures contracts]
get mauled as well … are you not entertained yet? … make no mistake, the
Chicoms are calling the shots here, not President Trump and his crew … if you
have to tell us it’s your deal to “make or break”, then you know for sure it isn’t
… in the end, all the ChiCom leadership wants is a little SP500 futures love, and
some millions in either crypto, Swiss banks, or both!
Looking at the charts [I know, astrology], and realizing it was one year ago this
time that SHTF on the “China trade deal” … key difference this time is the
DJPI30 [Dow Jones Propaganda Index 30] is 3,000+ index points higher … all
on “hopium” bullshit stacked as high as the 99th floor in Gotham at the Empire
State building … every economic statistic known to humans [other than the
greed index] is far lower than a year ago … the world is shit, and the shit is
“stacking” faster than “hopium” … maybe Chumps are waking the hell up, but
never underestimate the government's ability to either 1) change the rules [ask
the Hunt Bro’s circa 1979], or 2) find more ink for the CNTRL-P machine … it’s
an “88/6/6” trading paradigm, and as I’ve said on many occasions, be careful of
the back “6” when it eventually comes, cuz it can take away QUICKLY the front
“88” if you get sloppy, careless, or do “stupid shit”.
And let’s not forget who we can thank for the “Vixamageddon” of the last 24
hours and counting … The useless, criminal Twits at the FED … this is what
happens when you try and control VIX, and it gets away from you like sand
through your fingers … and now that there are some “humungous” positions
caught the wrong way, namely those short “gamma” [read short SP500 puts for
yield], and those I mentioned already short VIX futures … see chart directly
below.
click on chart to enlarge
The only thing that prevents your account from going full “Thelma & Louise” is
if you sell futures … yup, selling SP500 futures in a falling market sure sounds
like fun to me … I just know those friendly scumbag LP banks will surely make a
“fair & honest” market, don’t you? … and the way we’re shaping up for the NYSE
cash open, in about an hour and change from now, it’s gonna be an ugly open to
the downside … EXIT QUESTION: “when does the “Plunge Protection Team”
[PPT] show up and kill spec day trading shorts? … at the open or after the 2nd
or maybe 3rd wave of selling? … get your hip boots on, there’s likely to be some
water on the bull boat today … eyeballing the charts, it looks to me like the
27,400 - 27,450 area in the DOW30 should offer some support … if that area tanks,
position players could be forced to panic sell, cuz dealers are massively short
gamma below 3090 - 3100 in the SP500 … you want VIX … here ya go!! … down
about 700 index points in less than 24 hours, a little more than 2% … nice job FED
Twits … since 1913, you haven’t done ANYTHING RIGHT IN YOUR ENTIRE
FUCKING SAD HISTORY.
Strangely quiet over in crypto today … BTC is simply dead … I got no answers for
this, other than it’s resting for something … but what?
Well, that certainly escalated quickly to the downside, didn’t it? … I counted 9
waves of selling down after the NYSE open, before any bounce … here at Noon
EST, the market has calmed down to the point of being dead … dead from
exhaustion, or dead cuz there aren’t many players left? … I dunno, it’s a tossup
if you ask me … trading conditions some of the worst I’ve ever seen in quoting
bids/offers … we’ve gone from no VIX to bat shit crazy in hours … WTF happened
to normal?
Here in the P.M. in Gotham, here we go with the “squeeze the fuck” out of the
shorts with Europe now closed … most likely another PPT led bullshit rally, I’m
left wondering when the other shoe drops and the selling resumes in earnest.
Two good algorithm buy signals today … however, problems with my MT4 at FX
CHOICE prevented me from taking either one … finally got the issue resolved by
simply erasing the MT4 from my machine, reinstalling, and then getting the
charts back up … so nothing today at FX CHOICE … over at Turnkey, my
backside still hurts from the unbelievable horseshit fills … as I said yesterday,
they’re fucking criminals, they belong in jail, not filling orders … slippage that
makes you want to cry … all told, Turnkey PAMM down a few tenths of a percent,
and you can thank the scumbag LP’s for that … just a terrible place to trade
IMHO.
Another feature I like at PRIMEXBT, and just another reason among many why I
call this home now, is that their SP500 CFD [1*SP500 index] starts trading at
8:30 AM EST and goes to the NYSE close at 4 PM EST, and I can run
sophisticated chart parameters for the SP500 Scalpers Algorithm off of NYSE
action … in other words, I can skip Asia and early Europe and concentrate strictly
on the New York session, which makes up over 90%+ of the range and volumes
most days … granted, every once and a while SHTF and Asia & Europe see some
big moves, like this week, but normally they don’t … it’s very hard to get simply
NYSE trading action without paying an arm & a leg for specific charting package
software … well, now we don’t have to cuz it’s there at PRIMEXBT! … the more
you know about PRIMEXBT, the more you should realize you should be here as
well!
Nonetheless, the shit at Turnkey as an aside, at least the algorithm signals were
good, and that’s all that really matters … until tomorrow mi amigos
… Onward & Upward!!
Have a great day everybody!
-vegas
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