Well now, that scam worked out well for the virus scum Wall Street banks
… “Pump” stocks higher so the Dopes receiving “Stimmy Checks” buy “Stonks”
that they then sell them, knowing full well Spicoli was gonna let SLR expire today
and rates would go higher, thus causing a selloff, most likely on “Quad Witch”
Friday [today] … “you buy, we sell, then we buy it all back from you only days
later when we fill your panic sell stop” … and there you have it … nice work if you
can get it! … nice job Stimmy check Chumps.
We had the faculty lounge Lizards on Wednesday, today we get “Quad Witch”
expiration, and the negative gamma for both the NDX100 & SP500 are quite large
… and with the “Spoos” trying to keep the 3900 level, sell stops notwithstanding,
it’s gonna make for a clusterfark FUBAR trading day in “Stock Bellies” … which
should make for a very interesting NYSE close when SHTF and billions of
derivative shit is in play.
Today sees me switch markets from the DOW30 to the “Spoos”, and given what
I’ve seen so far today, it was a wise decision, as I notice a widening of the DOW30
CFD spread [not good], and it appears scumbag LP’s have gone to “TRIPLE FUCK
YOU” on the slippage meter … I don’t see any of this in the SP500 CFD
… meanwhile, the NDX is trying to hold onto the 100 Day SMA [close] at the
12,750 level … higher rates on the 10 YR not helping anything, and it’s
exacerbated today with Spicoli’s decision not to extend the SLR for scumbag Wall
Street banks past March 31 … and this was predicted on ZH 2 days ago in more
than one post, and the net result is bond selling by the banks … and quite frankly,
it sure looks like 2% is the next stopping point for the 10 YR, and that will not
help “Stonks” one bit.
Algorithm buy signals in the SP500 today … TURNKEY PAMM / MAM UP
SLIGHTLY.
With today’s “Quad Witch”, I’m cognizant of the extreme risks in the marketplace
today, especially as the market moves into the New York afternoon, and as a result
my volumes are very light … some buy signals got blown through rather violently
near the bottom this morning , and so I passed on those not wanting to get
screwed royally on the fill … all in all, though, the algorithm works beautifully in
“Stonks” as well as it does in crypto … Monday sees me up my volumes.
Over in crypto, not much going on in BTC, but ADAUSDT has been more active
than BTC this week … still, volumes & liquidity have dropped noticeably recently,
and gains come and disappear quickly … too quickly, as there doesn’t appear to
be much staying power in ADA past the $1.30 level, and every rally past that, once
the buy fuel is gone, goes quickly “Thelma & Louise” without hesitation
… however, today’s trading for “The Syndicate” sees us UP SLIGHTLY MORE
THAN 0.1%
It will be interesting to see if crypto really moves this weekend … over 61K+ in
BTC before Monday? … who knows, but pretty much all of the weekends going
back all the way to Thanksgiving have had some “bigly & yuge” ranges and moves
in BTC.
Afternoon in New York now, and I simply want out of this week … between the FED
and “Quad Witch”, the week has been violent to say the least in terms of price
movement, especially in “Stonks” … Cable could use some “oomph”, as it’s stuck
in trading hell, now seeing the 16th trading day in a row trapped inside a 200 PIP
range … metals are dead money, and as long as the specter of higher rates loom,
price movement upward is gonna be a major problem, so right now there is very
little opportunity in gold or silver … as things change, if they do, I’ll give ‘em
another “look see”, but until that time they are a no go … BTC the entire week has
been under the 20 Day Range MA, so there hasn’t been much here to operate on,
especially with the way bid/offer spreads can change quickly from reasonable to
outrageous … by default, “Stock Bellies” win.
Blog update on Sunday … outta here cuz I want no part of “Quad Witch” and the
bullshit that goes with it [option Greeks] … if I wanna gamble I’ll go to Las Vegas
… “the future’s so bright I need sunglasses”! 😎 … Onward & Upward!!
-vegas
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