“Don’t even try and explain today’s action, you’ll hurt yourself!”
I wake this morning and what do I see? … why of course, with Asia completely
closed to the coronavirus pandemic, U.S. stock indices go full retard “vapors”
upward … the “Tulip Bulb 30” up close to 200 index points higher on nothing
more than bullshit … a rumor out of Japan that Apple has asked its suppliers to
hike production cuz they see 10% more iphone sales … “and gee, I wonder who
could have started this gem”? … and this is even before Europe opened … it’s
all in the dark with the world supposedly closed … thank you FED “Plunge
Protection Team” [PPT] manipulators, where not only are you “pumping” stocks,
you’re now in the planted rumors biz as well … keeping the investing public safe
from a financial world where the new definition of “meltdown” is a 2% correction
off all time recorder-er-er-er highs, in a bubble that can’t be allowed to ever stop
expanding … all I can say is I hope I’m alive when this bubble bursts and the
retribution towards the FED Twits in the faculty lounge has them hanging by their
ankles off the nearest set of trees nearest the Eccles building in D.C. … what utter
horseshit.
Then comes the NYSE open, where we’re treated to another manipulated mess
by the usual suspects … after that, given world events, why would you not think
we got nothing to do but go straight up? … right, Apple! … the most overbought
Soyboy, worthless, overpriced junk on the planet is gonna save us after the close,
so STFU & buy MOAR!! … flu, what flu? … worldwide depression with China
leading the way? … so what, the FED has everybody’s back, right? … I literally
can’t even … this is all such manipulated shit.
Today’s trading action some of the worst I’ve seen in awhile … nothing but gaps,
runs, streaks, and a group of LP’s creating havoc in the bid/offer order box
…. Just completely chaotic at times, with no idea how much slippage you’re
facing if you hit the buy/sell button … the day’s action got robbed by the
overnight rumors, simply cuz it sapped much of the “buy fuel” away from today’s
action, but the nature of the manipulators to not allow price to fall, literally at all
over the course of the NYSE day is most disturbing … stocks simply are not
allowed to go down, no matter the news, no matter world events.
Our first real algo buy signal comes in the Gotham PM … I want no part of this,
after a day where we’ve done nothing but go up with ZERO corrections & ZERO
algorithm buy signals … sorry, 20 points isn’t a “correction” in the DOW30, more
like a small burp … into the afternoon, with literally nothing supporting this rally
of 200+ points, other than Apple rumor bullshit, I’m not about to get sheared by
the criminal New York banks … all of this, as markets completely ignore the
pandemic evolving worldwide with the coronavirus … and for what’s it’s worth,
which apparently isn’t much given the total lack of interest in selling stocks, is
that so far the coronavirus is more lethal than the 1918 “blue flu” epidemic
which killed between 50 - 80 million people … it’s early yet, so we’ll have to hope
it isn’t, but for stocks to simply ramp with no abandon, and expect it to take into
the close is moronic … and with NY banks being NY banks, somebody is gonna
get hosed good in the next few hours, and it sure as hell isn’t gonna be me … so,
screw these guys, I’m not falling into the stocks trap which I see before me,
especially when it comes on pure “vapors” … today’s action in the SP500, sees
the gap from Sunday night filled on the HR1, and that stopped the rally cold
… here a few minutes later, and that algo buy signal didn’t do much if anything,
maybe a point or two, but nothing is moving now, just sitting … literally sitting
… maybe it goes “giddyup”, maybe it doesn’t, but this isn’t a scenario I want to
be at risk.
And this is what happens when you get “straight shots” … moves that last hour
after hour after hour … when you finally do get the correction, you can’t buy it
cuz the move is over … people are now stuck, and it limits the upside … more
likely it just drifts, and in the process frustrates the living shit out of you. Well,
no thanks, I’ve seen this shit before and know better. So unfortunately, no trades
today cuz there was nothin’ to do, and when we finally did get a potential buy
signal, you really don’t want it cuz there’s no time left and players are starting to
position themselves for the close and Apple’s earnings … simply a terrible
trading day … until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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