THIS WILL NOT END WELL

“Everybody loves a bubble! … until it goes POP! … and then there were none!”

When? … that’s a good question, cuz there’s no question the stock bubble can’t

keep going on the trajectory it’s currently on and then expecting it not to implode

… this froth, in the face of a seemingly endless supply of bad news on many

fronts is beyond comprehension, especially in NASDAQ … never before in the

history of mankind and markets that stretch back hundreds of years, has the

world seen anything like this … what’s “different” this time, of course, is that it’s

government sponsored via central bank manipulation & QE … and like the

“robber barons” of the late 19th & early 20th centuries, who thought their

immense wealth could manipulate railroad stocks [the NASDAQ of their time],

and corner commodity markets like wheat, cotton, lumber, and others, their

hubris & blatant stupidity did them in and created enormous losses that

decimated financial empires … eventually, the FED will learn this lesson as well.

Everybody loves a bubble … and then comes the heartache … the biggest fallacy

among Newbie traders & investors, is similar to problem gambler addictions, in

that they believe they can spot the “turn”, and then be ready to capitalize … far

too many people think they can get out at the top and sidestep the damage

… history will show otherwise.

One of the most important & greatest things you can learn from SUCCESSFUL 

ex floor traders, from days in the “pits”, is the common denominator that ran

through every single one of them in their veins … “I will do WHATEVER IS

NECESSARY to make money today, cuz I’m terrified of having to actually work

for a living … bull market, bear market, neutral market I don’t care … I will bury

my pride, my ego, and figure out WHAT WORKS and then do it, cuz the only thing

that matters is the money … everything else is all bullshit … my opinions, my

analysis, my ideas are nothing more than farts in the wind … MAKE FUCKING

MONEY, walk away for the day, come back again and do it all over … if I do that,

everything else in my life takes care of itself”!!

Wrapped around that, is the philosophy of keeping an even balance … keep

emotions in check no matter what … forget the good days, cuz what have you

done for me lately Mr. Market? … learn from fuck ups [and there will be some no

matter who or what you are], don’t repeat them, and let it go, cuz it’s water under

the bridge … all of this is easier said than done, but it’s what separates the men

from the boys, the guys who remain traders and the guys taking Micky D orders.

Another overnight ramp in the “Tulip Bulb 30” on “vapors” … money chasing

money cuz yields on alternative investments are so low, and we're starting to get

to the extreme mania stage … all of course, with the implicit blessing of the FED

& other central banks as they flood the entire banking world with free money

… this will not end well.

This just in, here at mid morning in Gotham, one of the original doctors who

reported coronavirus in china, and was subsequently arrested and forced to sign

a “confession” that he was engaging “fear mongering” & rumors, has died of the

coronavirus … earlier, he was reported free of the virus … now after detention by

the ChiComs, he’s dead … anybody reading this surprised? … where is the

worldwide MSM asking the murderous ChiComs why the doctor died?

… anybody gonna question the official narrative? … of course not, cuz if they

did, they’d be outta of a job and the money shoved under the table to not ask

questions dries up … I sincerely hope God is watching.

Today is the 4th day in a row, where overnight stocks go ballistic to the upside,

blow the range out of the water, and then leave shit trading conditions in New

York … have the “Chuckleheads” invaded stocks now, convinced at last of the

power of QE? … let’s hope they reopen the casinos quickly … after the opening

selloff, not much here except the inevitable “protect & defend” overnight gains

for the money launderers … why should today be any different?

And while we do get algo buy signals throughout the trading day, I’m not inclined

to take most of them when 1) the range coming into the day has been mostly met

or exceeded, 2) when choppy shit trading conditions set in and this stuff could

go anywhere, or 3) trading is lethargic, non eventful, and the market sits inside a

very tight NYSE range … avoid these 3 scenarios and save yourself a lot of

heartache.

Only one good algo signal today in the DOW30 … FX CHOICE PAMM / MAM UP

SLIGHTLY LESS THAN 0.2% … TURNKEY PAMM / MAM up slightly more than

0.1%.

Starting tomorrow, I’m going to be switching trading markets at Turnkey and

moving to the NDX100 CFD, and leaving the DOW30 CFD … I do this cuz they

can’t maintain an orderly, fair, and honest market in the DOW30 … I’m tired of

listening to the bullshit excuses … quite frankly, we don’t really lose anything,

and whatever liquidity is still present, it’s at least as good if not better in the

NDX100 than the DOW30 … even though lately there have been some “squirrely”

moments at FX CHOICE in their DOW30 CFD, it still remains one of the very best

CFD’s out there to trade, and so nothing will change in the PAMM / MAM at

FX CHOICE.

Another day of complete bullshit, while everything happens overnight … shall we

just move NASDAQ & the NYSE to Bejing? … WTF! … until tomorrow mi amigos

… Onward & Upward!! 

Have a great day everybody!

-vegas