SUNDAY UPDATE: RELEVANCE

“Don’t argue with math … you believe in science on’t you!?”

No new e-book today, it’s gonna have to wait ‘till next Sunday, the reason being I

decided to add a much needed chapter … to that end, today’s “VIX MATRIX

TABLES” take on a different shape, where I’ve added a new row to show

RELEVANT INTRADAY MARKET INFORMATION where appropriate, a new column

for “MEDIAN” 20 Day Range MA, and I’ve also added the 4 most volatile, high

flying NASDAQ stocks, AAPL, AMZN, GOOGL, & TSLA … there are 2 sets of

tables, one for stock indices, & FX, and the other for crypto & individual stocks,

along with crude oil in both … I’ll be listing both sets of tables on each blog site,

so if you go over to the traderzoocrude blog site, you’ll see them posted their as

well for handy reference. In both tables, please read the footnotes.

Directly below, the “VIX MATRIX TABLE” FOR STOCK INDICES & FX for the

current week.

click on tables or charts to enlarge

Directly below, the “VIX MATRIX TABLE” FOR CRYPTO & INDIVIDUAL STOCKS

for the current week.

Directly below, the 20 Day Range MA’s by industry group, followed by commentary

on each.

STOCK INDICES

When looking at these charts, you also need to look at the relevant “VIX MATRIX

TABLE” and see how close the “MEDIAN” is to the “MA” … the closer they are

to each other the more reliable the information, and less likelihood of “one offs”

that skew the averages … also, note the difference between the “daily” avg., and

the “home hours” avg. … you can’t sit in front of your computer 24/5 and trade,

and the most volatile markets definitely have a bias towards their “home hours”

for MAX volatility … it shouldn’t be any surprise this is a very big factor in

determining which market(s) you need to trade to make a viable living … the

MOAR! IVIX THE BETTER THE MARKET.

In looking at the DOW30 intraday in the NYSE session, since the beginning of the

year, price is averaging more than 100+ index points higher … this would be great

if more of that came during the trading day, instead of the first 20 minutes or so,

cuz after the fireworks out of the box [whether up or down], the market tends to

drift and not give much.

PRECIOUS METALS

Gold heating up, and I don’t think it’s cuz of the coronavirus spreading economic

misery … instead, I think it has more to do with central bank profligacy of QE

… every central bank in the world opening up the floodgates to QE, although this

last month has seen the FED go ‘soft” and not add much to its balance sheet …

having said that, though, gold disappoints with continued stagnant ranges,

especially in the New York session, where there’s not that much difference

between now and $400+ 2 years ago … and looking at the silver chart and

nothing else, you’d never know the world is in crisis.

On the positive side, though, Turnkey has “turned the corner” I believe, and at the

very minimum is attempting to make XAUUSD behave like a legit market

… spreads are relatively stable, and I haven’t seen “mystery ticks” from the order

boxes that indicate huge slippage … if so, and it’s a very “BIG” IF SO, it means

gold is tradeable once again, and that would be welcome news for everyone.

FX [GBPUSD & GBP CROSSES]

DEAD … I mean, what else is there to say … last week saw USDJPY wake up for

a day or two, and ditto EURUSD, but for how long? … is the ECB & BOJ ready to

allow these 2 markets to trade? … sorry, I don’t think so … and what started out

as so promising after the December 12th BREXIT vote, and into the end of the

year, has seen the last 6 weeks turn into a pile of dog shit as far as VIX & IVIX

[intraday volatility] is concerned for GBPUSD & the Cable crosses.

I’m not putting back up the FX CHOICE PAMM / MAM results until I hear from

management at FX CHOICE … I expected a call back on Friday that never came,

so let’s see what happens on Monday … I’m rightly concerned about slippage,

that started last Wednesday, and continued Thursday & Friday, where otherwise

normal bid/offer spreads between 2.0 - 2.5 index points, suddenly becomes an

exercise of “whack-a-mole”, where you’re dodging fills in the 5 -7 index point

range … and if you need a refresher, this is exactly the same kind of bullshit

that became the norm at Turnkey up and until they got new LP’s, went on a

different LP platform, and basically revamped their entire LP operations … as

far as I’m concerned, this is what scumbag LP banks do to eviscerate scalpers

& EA’s [expert advisors], where the bank feels they are being picked off by

traders in volatile markets and looks to protect themselves … and by handing

out shit fills off the market, that’s the result. So, we’ll see what they say

tomorrow.

Bottom line, is that if we are forced to switch back to Turnkey from FX CHOICE, I’ll

do it if they don;t get their act together … it would be easy, fast, and involve

almost no expense via a BTC transfer, so it’s not like it would be a major hassle

… let’s see what they do first.

In any event, the new e-book will pinpoint where you need to trade to gain MAX

ADVANTAGE FOR YOUR BOTTOM LINE … it’s not always as simple as you might

think, cuz there are a number of variables, so I “lay it out” for you and take away

the guesswork … I can also tell you, that I think many of you will be surprised to

learn of markets you can make a living trading, and some you might think are a

“slam dunk” you won’t want to touch … I break it all down and make the process

easy for you.

As we head into the week, I’d be surprised if the Asian session isn;t the leader in

practically everything but maybe FX … news of COVID-19 will surely take center

stage in every stock index traded, at least initially, so there most likely will be

some large overnight swings to wake up to in the morning … bring it on! … until

tomorrow mi amigos … Onward & Upward!! 

Have a great rest of your weekend everybody!

-vegas