“Hi, my name is Skippy! … I’ll be your LP order filler for the day!”
Markets are completely FUBAR … they are broken … add to the list of problems
stocks face, now come the millions of idiot Robinhood day traders, especially in
anything NASDAQ … and the scumbag LP banks are more than willing to drag
these lemmings over the edge at every opportunity … and what we see now are
“V” shaped bottoms that scream higher in milliseconds thanks to the numb
skulls with Daddy’s credit card, that go rushing in at every so called bottom and
buy, buy, and buy some more … cuz as we all know, FAANG stocks can only go
up, right?
Slippage today a problem still, but not nearly as bad as I saw it yesterday … the
speed at which shit moves is frightening, and get caught on the wrong side of
any move and have to push the button to get out in the direction it’s screaming,
can lead to some awful fills via slippage from the usual suspects … and as I’ve
said before, THERE ARE NO RULES ANYMORE IN ANYTHING … 10 minutes from
now the NDX100 could be 500 higher or lower, and the speed when it goes will
make you sweat.
News flow simply atrocious for stocks on every front … but, who cares when
there’s Nanny FED to “have your back”, right? … just remember, the FED fucked
the bullion banks over and stabbed them in the back with speedy policy changes
… you think they give a shit about you or anybody in the middle class of ‘Murica?
I’ve decided to add back into the trading mix GBPUSD [Cable] … we need a
“Plan C” … note over on ZH a report from Rabobank, that they think FX is in the
very early stages of a massive bull market move, and that the dollar is in for some
rough months & years ahead … I said as much 7 months ago after the British
elections, so no surprise to me, but the point is, that when the majors start
moving against the dollar, VIX & IVIX will go quickly higher, and things could get
ugly fast … so, I want to be prepared for that … and Cable is the most volatile of
the major FX pairs.
Multiple algorithm buy signals today in NDX100 … TURNKEY PAMM / MAM UP
SLIGHTLY BELOW 0.1%
As I said, slippage a problem with “Skippy the assclown” filling orders, but the
algorithm can overcome this most times and today was more normal than
yesterday, which was one of the worst days I’ve ever seen in the NDX100 … still,
the open & close are major disaster areas within ± 15 - 20 minutes, so I would
avoid them if you’re trading.
… until tomorrow … Onward & Upward!!
-vegas
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