No, not much impact at all, somebody said yesterday … more bogus numbers from
the Dept. of Unicorns & Fairy Tales, where we learn today that bartenders &
waitresses are the bulk of the jobs in “JoeMala’s” economy [75%] … Bingo!,
Bango!, Bongo!, and let’s all celebrate the triple reversal “Stonks” clusterfark in
the NDX100 & “Spoos”, where it’s literally lightning in a bottle, careful don’t burn
your fingers!
The brutal reality is, U.S. markets are so manipulated, so over hyped & over valued,
the “Pump & Dump” routine so normal from the scumbag LP banks of Wall Street,
and where moves go hundreds of points within minutes if not seconds, and then
back again cuz “whoops”!, the FUBAR landscape that remains in its wake, looks
like a village along the ocean after a cataclysmic tsunami … “hi, you OK after that
little water that went through”? … and it’s even worse in crypto, which has turned
quiet quickly into a bucket of flaming shit … Bitcoin, I don’t even know where to
begin with this beauty, not having a clue where it’s going, where bids / offers are
a joke they’re so wide, even at PHEMEX [and that makes Turnkey’s spreads even
more ridiculous by comparison].
Volumes & liquidity in crypto have collapsed … the alt-coins are a disaster, where
there is no volume to speak of, and bids / offers go bananas on the slightest whim
of movement … throw a market order in, and cover your eyes, cuz you ain’t gonna
like what you see next … ADA & others have dried up! … well, that escalated
quickly didn’t it? … and Bitcoin [BTCUSDT] can go $500 in seconds under the
same scenario … quite frankly, crypto traders / investors are scared shitless of
what happens next … and one of the biggest worries is “Stonks” getting “monkey
hammered” by an idiotic gaggle of loiunge lizards at the FED, and triggering the
negative feedback loop of selling those assets you have gains in to cover the
losses of your losers … makes ZERO logical sense, but that’s what history says
people do … and that could unleash a torrent of sell orders now that Sheeple have
poured into crypto “bigly & yuge” over the last 6 months … think the bathroom
scene in “Trading Places”!
Algorithm signals today in the “Tulip Bulb 30” [a/k/a DOW30] … TURNKEY
PAMM / MAM UP SLIGHTLY.
About the worst trading conditions imaginable in indices, and a TRIPLE reversal
to boot, but it’s NFP Friday, the worst trading day of the month historically
… anything made today is a “gift” … none of the trading action makes any sense,
but when you throw bullshit, manipulators, and scared specs into a bucket and
stir it, you ain’t gonna get chicken salad coming out … the moves off of
highs / lows in the indices are frightening in scope at the speed of light, which of
course the scumbag LP banks orchestrate based on retail spec order flow … since
I’ve moved trading back into “Stonks”, the 2 up days have seen explosions at the
open followed by NADA, and all of the other days see the majority of action to the
downside, giving very few if any buy signals … today sees other buy signals in
the DOW30 get blown through like a chainsaw through a soft stick of butter
… meh, it is what it is … Monday will see me split early European time / U.S.
session with the DAX30 … since gold & silver are “dead money” and offer little
hope of decent trading conditions, and crypto at Turnkey is a complete joke, that
leaves the indices as the best for movement to see algorithm profits going
forward … I’d rather not, but as long as we get treated fairly, OK, money is money
no matter if I trade “widgets”.
Over at PHEMEX, VOLUMES and especially liquidity, have slowed dramatically in
crypto pairs … Bitcoin, like Ethereum, have morphed into crypto’s version of FX
majors, and the trading conditions are less than ideal … no hang on, they’re pure
shit, let’s be honest here … with the alt-coins drying up in terms of action, I
traded some BTCUSDT for “The Syndicate” today … UP FRACTIONALLY, and
good grief that was a major hassle, cuz when action slows everybody and their
brother wants to do limit orders and the market doesn’t trade or move … and
when it does move, it moves violently quickly in chunks that will make a Newbies
eyes water … “don’t ever say “never” in crypto”! … quite frankly, this week has
been shit in crypto.
Blog update on Sunday … “the future’s so bright I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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