MARKETS AS COMEDY, OTHERWISE YOU’D CRY

“When the enemy comes, and there are NO MORE BULLETS!”

Central banks are scared shitless, and the faculty lounge Twits who thought they

had everything figured out are now in a full blown state of pure panic … stock

markets cannot be allowed to go down further … oil must go higher … flood the

world with money, who gives a fuck the consequences … and here’s the dirty

little secret … once this pandemic starts to wear off, look for the FED to start a

massive, on a never seen before scale, devaluation of the U.S. Dollar against

everything … gold above $2000, and FX to the moon as the FED intervenes and

sells dollars.

Unless we all get CHICOM KUNG FU WUHAN FLU and die, and Skynet takes over,

there is no way the FED let’s the SP500 go lower from here … how many trillions

do you need? … helicopter money for everybody! … and no matter what the BOJ,

ECB, or the BOE does, it will pale in comparison to what the FED does … screw

economic recovery, it’s a “new ballgame”, and in that game stats don’t mean Mr.

Jack Squat … and that means EVERY FX break can be bought, especially Cable

if/when “BOJO” gets back on his feet and out of ICU … and if that’s the case, and

he recovers nicely, you’ll see 1.40 in Cable before you see 1.19.

ZH said it best today in an article with the headline, “There Are No Free Markets

Anymore” … it’s all manipulated horseshit … here at the European close, take a

look at the 100% pure bullshit perpetrated in GBPUSD, as first the scumbag LP

banks fuck longs with a sell stop program, and then whip it around in seconds

and scream it 30 PIPS higher straight up the fucking wall … ‘sure, just a normal

market with “give & take” by all participants” … what a fucking joke … more

than likely a bunch of them ended up front running a corporate order … prop

accounts buy it up, the corporate Doofuss, in charge of doing company FX, gets

filled at the top, and 5 minutes later it’s back down to where it started … seriously,

this is criminal.

Several algorithm buy signals today … TURNKEY PAMM / MAM DOWN VERY

SLIGHTLY.

Down literally just a couple of bucks + commissions, and if I gave each reader

today $50, it would still be less than the slippage I got from Turnkey LP’s

… simply atrocious fills, with every single order today ripped to shreds, one in

excess of 5+ PIPS … some things never change no matter what they say … the

fact that I ended up only down a “happy meal” is a friggin’ miracle … and again,

Asia & early Europe trade well, and the U.S. session a complete bucket of shit

… now in the afternoon in front of a 4 day weekend, how bad do you think the

criminal element banks on Wall Street will act? … fugetaboutit! … they should all

be in jail … one look at the M1 charts after 1 PM EST proves my point …. Still

can’t get out of the range from 2 Friday’s ago, this the 9th day in a row, and I’ll

simply add that with all the trips up to the 1.2480 level in Cable, somebody or

group of somebody’s fed traders all they wanted up there and would simply not

let the 1.24849 bid high from March 27th get taken out … stops above for sure, so

look for some “wee hours” horseshit when nobody is looking and the mystery

spike will surely come.

Markets closed tomorrow in everything but FX … if I trade any Cable I’ll post, and

if not look for the blog update on Easter Sunday … until then mi amigos

… Onward & Upward!! 

Have a great Holiday weekend everybody!

-vegas