What a joke … the Asian session without incident … Europe dead as usual and
almost entirely worthless … then the sun comes up on criminal Wall Street banks
and the FED, and right on cue shortly after 08:00 AM EST [New York] gold pukes
mightily some $25, and as we all know, what comes next? … why the “Loser
Formation” of course, cuz once the order books have been picked clean of sell
stops from the usual dopey retail specs, there isn’t anything left but crumbs … why
have a market when you can just sit and cry?
Then there’s FX, where if it gets any slower, bingo at the old folks home will look
by comparison “exciting” … for major currency pairs today is embarrassing, but
who knows maybe all the hot money is waiting for tomorrow’s end of quarter
balancing to see some movement … don’t hold your breath.
Then, if you want to get a good laugh, wander over to “Stock Bellies”, where
nothing matters but printed CNTRL-P QE “dollar cow chips” from the FED that
supports “Stonks” every second of every day … and the rotation nightmare
among the indices continues without slowing down … someday this shit ends,
and the explosion lower will water eyes, cuz there will be no getting out.
Meanwhile crypto meanders, with tiny moves in ETH & BTC, but the alt-coins are
dead … quite frankly, only time will bring this complex back after those that got
clobbered going full retard FOMO get over the pain.
Cable down for the 4th day in a row … in the European session, only one
algorithm buy signal, but dozens of sell signals … you simply take the good with
the bad and deal with it, cuz if you go both sides of the ball, there will be days the
market literally kills your account … and as far as LOW VIX is concerned I can’t
imagine VIX being any lower under any circumstances other than Holiday … this
is bad, but the algorithm handles it and keeps us out of trouble, no matter the pair
… into the London Fix, and yes, more dumb ass corporations & institutions sure
are getting “fixed” alright … “I simply can’t comprehend just how fucking stupid
these people are for trusting banks”!
During the European session, only 1 algorithm buy signal in GBPUSD
… TURNKEY PAMM UP SLIGHTLY.
Some very slight upward bias since the London FIX, but volumes and trade action
are about as bad as it can get and still be open … this is truly pathetic, and I want
no part of this clusterfark in a New York afternoon … hopefully, tomorrow’s end
of month / end of Q2 rebalancing will produce something better in Cable than the
garbage we’ve seen the last 3 trading days … so we’ll see.
Over in crypto some light upwards moves in BTC & ETH, but for the most part
the complex is dead … alt-coin trading conditions are horrible … no trades today
in anything for “The Syndicate”.
… outta here … “the future’s so “GOLD”-en bright I need sunglasses”!
… Onward & Upward!!
-vegas
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