RUH ROH

 

“The bagholders caught LONG holding AMZN! … No worries, buy MOAR!”

And suddenly in an instant, “Stonks” sour … “well, that escalated quickly to the

downside, didn’t it”? … a very disappointing earnings report & guidance from

AMZN, one of the “darlings” of NASDAQ fame, and now it’s “crunch time” for the

“Stock Bellies” … natch, AMZN should announce a big bond offering, that will

solely be used to buy back stock, just like AAPL did, and then the Ponzi scheme

can go on uninterrupted … in the bigger picture though, as ZH laid out yesterday,

the retail public is “ALL IN” … the link directly below for those that missed it

… something to chew on as the “investing” [cough, bullshit, cough] world has

gone completely insane FOMO-ing “Stonks”, especially the “darlings & beauties”

of the NASDAQ tech sector.

https://www.zerohedge.com/markets/moment-wall-street-has-been-waiting-retail

-all

“Plunge Protection Teams” [PPT] out early today, as both “pre-open” & “cash open”

in Europe sees a big jump in the DOW30, that immediately gets faded … but

consider the message they’re sending … they won’t even let the indices go down

0.5%, they are so fucking afraid of what might happen if prices start cascading

lower and bringing into question the Ponzi of the FED and the stone cold idiots

running it … it remains to be seen if this can hold, but here early it looks and feels

like “lines in the sand” have been drawn by the manipulators.

The first few hours of Europe trading are in, and the sun is coming up in New York,

and this is one of the worst indices trading days I have ever seen from the

perspective of 1) trading price action, 2) flow of orders, and 3) extremely pathetic

volume … I can’t recall a more “disjointed” trading scenario in many a moon

… literally everything is sheer panic … oh wait, my bad, and the other way we go

at the speed of light … my only hope is the NYSE session isn’t as bad as this

… and given all of the news flow, from a terrible earnings report from AMZN, an

economy rapidly going downhill, Preezy Idiot Boy about to order another useless

lockdown, and every econ data release a disappointment along with much higher

inflation, and the frickin’ DOW30 doesn’t even have a 200 point range

… unfrickin’ real! … and as we work towards the NYSE open, does the DOW30

drift higher now so the banks can literally “skull fuck” the Chipmunks at the cash

open again on the upside, like they do most days? … new ATH’s imminent before

Noon? … “no matter where you live, go open any window nearest you … can you

hear the “Brrrrrrr” of the CNTRL-P machine working overtime?

If we do start sliding after the NYSE open, the key question is, where does the PPT

step in? … you’’ll know it when you see it! … all we’ve seen today so far is panic

both up & down … M1 spikes from hell everywhere with ZERO follow through,

although one PPT ramp up did bear some fruit … so what, what about the 15

spikes before that which didn’t? … and therein lies the problem when there’s no

volume to speak of, cuz the “buy fuel” is so very short [and mostly not so sweet]

in terms of scope, that when it’s done the banks smack the living shit out of price

before you can blink your eyes … throw in the spread, LP bullshit slippage +

commish, and if you don’t see the problem you aren’t looking very closely at what

I’m saying … all part of the manipulators plan of course, which is to kill VIX and

leave you dangling.

And speaking of “dangling”, here’s the FED leaving you with some cheer … their

“favorite” inflation gauge up the fastest in 30 YEARS … does this spike look

“transitory” to you?

click on chart to enlarge

Ah well, screwing the lower & middle class since 1913 … good job elitists! … but

does it mater to “Stonks”? … NOPE! … could care less, simply buy MOAR! … and

the FOMO beats on, ever expanding and sucking in every last nickel out there

… long live the Ponzi! ,,, what an absolute SCAM NYSE OPEN! … another one

… see my shocked face … thank you idiot Chipmunks & the PPT … these people

should be in a prison somewhere … what a joke.

Turning to today’s “markets” [cough, bullshit, cough], specifically “Stock Bellies”

and if you can’t laugh at this shit you’d be crying … I have no idea what it’s gonna

take to get Jack Squat & Slim Pickens, and the rest of the FOMO-ing, BTFD at all

costs crowd that infests indices the world over to stop foaming at the mouth over

tech stocks … today’s laugher of course is AMZN, where overnight the

Chuckleheads desperately wanted to throw it the fuck away down the drain, stick

a fork in it it’s O.V.E.R.! … then the sun comes up in New York, and of course time

to buy cuz STFU & buy MOAR!

One thing is crystal clear from today’s excursion into FOMO & BTFD madness

… and that is, that the DOW30 is a terrible trading vehicle at Turnkey … simply

awful … the good news is that the NDX100 is actually better from a trading

standpoint than the DOW30 … even at Turnkey, which surprised me … slippage

in the DOW30 has gotten to the point, where you can’t rationalize it or defend it,

all you can do is tell Turnkey to go fuck themselves, cuz it’s pure robbery plain &

simple by their scumbag LP’s … I suggest they rename the bucket shop to

“Mystery Tick Forex”, it would be aptly named … so come Monday I’ll be back in

the NDX100, where conditions are far superior.

Multiple trades today in both DOW30 & NDX100 … TURNKEY PAMM DOWN

SLIGHTLY OVER 0.1%

All I could do was roll my eyes when I saw the millisecond downtick of 25 index

points from 35116 to 35091 when it was threatening a new high for the day … I

knew right then, I wouldn’t be back into this bag of shit for anything … maybe at

another house, but definitely NOT at Turnkey … I did much bigger volumes today,

so the fractional loss isn’t that big of a deal to me … and while the DOW30 has

turned to shit, Turnkey’s conditions in NDX100 were OK  … quite frankly, the LP’s

have turned the DOW30 into a roulette table, and with spreads, commissions,

AND indictable slippage, there’s no way we come out on top with these assholes

… but if you ever need proof that the world is crazy in love with tech, today is that

day, cuz quite frankly with the news all around from AMZN to inflation to Preezy

Idiot Boy wanting to lock the country down again, every opportunity was

afforded to slaughter the NDX100 today … and as I write, it’s UP 0.74% after

being sharply lower earlier in Asia … “why fuck around with the DOW30 when

it’s the NDX100 the world is in love with”? 

For “The Syndicate” participants, some good news … I traded multiple times today

in the NDX100, and “The Syndicate” is UP 3.1% on the day.

Transfer happened faster than I thought … Airsoft’s trading platform is so superior

to the piece of shit MT4, it’s not even debatable … latency on fills in a handful of

milliseconds, fills at the then bid/ offer meaning no slippage horseshit to put up

with, and a total cost to trade that is the LOWEST out there in the NDX100

… GiddyUp!, time to make hay again in a market that is truly remarkable once you

have the “right tools” [software] to do the job … quite frankly, it’s like being in a

trading pit all over again! … I’ll have more on the Sunday blog update.

Blog update on Sunday … outta here … “the future looks so bright, I need

sunglasses”! 😎

… Onward & Upward!!

-vegas

THE FED IS AN EVIL NATIONAL EMBARRASSMENT

 

“Message for a completely clueless FED!”

I tried to warn people who chose to listen to Spicoli yesterday at his embarrassing

FED presser … brain damage to follow … how many pundits labeled this train

wreck “confusing”? … plenty … but no worries, cuz as long as the batteries on

the CNTRL-P machine keep it going “Brrrrrrrr” to the tune of hundreds of billions

per month, nothing else really matters.

But can the “Stock Bellies” trade is the question, and again today the

Chuckleheads passed on that in the Asian session, and through the first 14 hours

of today it’s been a tortuous slow walk up the hill for the DOW30, with no real

activity to speak about … IVIX getting crushed, but the day is still young so who

knows? … all we see so far are a couple of M1 panic attacks followed by crickets.

Well, the last hours of Asia and the almost first half of European trading, a really

piss poor excuse for trading … GDP up at 8:30 AM EST, maybe that jump starts

things, but so far this is a nightmare … you know it’s bad when M1’s “gap”

between M1’s and there is ZERO flow in the market … quite frankly, this is just

stop hunts by banks hungry for revenue … reverse, rinse & repeat, are you having

fun yet? … quite frankly folks, there isn’t anything here in terms of volume, except

for those who position then panic, and then the scumbag LP’s take full advantage

… hopefully when the NYSE opens, things will be different … if not, this is gonna

be one long day of bullshit … and yea I know it’s the dog days of Summer, but still,

I know the smell of manipulative bullshit when it hits me, and the stench from this

is overpowering … it’s called manipulators manipulating VIX, thus allowing the

scumbag banks to wait out over leveraged, hyperactive specs whose stops get

taken out about every 15 minutes … they’re all looking for an extension of the

day’s range and a pick up in volatility, and they ain’t gettin’ it, so they puke … so

far today, this has happened about 15+ times … sooner or later they run out of

money, and it’s “mission accomplished” by the banks … “it never was YOUR

money … it was OUR money, you were just holding it for a while … now, it’s back

where it belongs”! … and of course, add the spread, slippage & commish, and it’s

all the sweeter for the banks.

Thud. … that’s the sound of the GDP report on the DOW30 … another big sigma

miss to the downside … so what, as the CNTRL-P machine goes “Brrrrrrrrr” … it’s

all that matters … now for the NYSE open, and another raping of the Chipmunks

[maybe] orders, as banks look to their most profitable 5 minutes of the entire day

… good grief what a scam. And right on schedule, there it is, another scam open

for the NYSE … why aren’t these people in jail? … unfortunately, we know the

answer to that … pretty much everyday this shit takes place … criminal! … well

now, here comes the “Thelma & Louise” in the DOW30 … see my shocked face.

Well now, Apple to issue bonds for buy backs … here comes the next wave of

NDX100 new ATH’s once the buy back period starts again after earnings season

… it’s all CEO’s are good for anymore … thanks FED, you’re doing a “bang up”

job for the 0.0001% just like always!

A little over an hour into this clusterfark, and the DOW30 is nothing more than a

bank run “meat grinder” … 3 days in a row now of this bullshit … yea, I know, it’s

Summer and almost August, where the entire world that doesn’t have Covid will

be at a beach … meanwhile, rest assured the stealing & general scumbaggery of

the LP’s will continue in earnest, Turnkey’s LP’s no doubt leading the way … not

exactly what you want to be #1 in is it?

Noon in New York, and what is it I’m supposed to do here? … we’ve got a

“market” [cough, bullshit, cough] dominated by foaming at the mouth, FOMO

driven BTFD specs on one side, and when that order flow dries up it’s KABOOM!,

down goes Frazier on spec sell stops … does any move last longer than about

11 minutes now? … and through all of this shit, the algorithm’s MOMO

components can’t sync with what’s happening in microseconds, and that results

in conflicting algorithm components to make a trade … like I said, third day in a

row … instead what we get are “speed of light” blast offs, inverted “V” shape

tops, and corrective activity that’s not a correction but the start to a move down

… sell stops get blown out, we get a “v” shape bottom, and it’s off to the races

higher … looking over hours, where the fuck have we gone to?

… HINT: “NOWHERE”! … all of course inside ANOTHER “rinky dink” range … and

while the DOW30 rallies, NDX100 breaks and vice versa, as the hyper rotation

activity of the dinosaur stocks versus high tech takes place … what a circus

shitshow … thanks FED.

Mid afternoon in New York, and this is laughable … and while things may change

going into the close, this is the 7th out of the last 8 days UP in the DOW30 [if we

close higher today, which looks like it will be the case] … for the 50 millionth time,

yea I know it’s Summer and historically this can be an extremely slow and

frustrating trading environment, made even more so by manipulators intent on

destroying VIX … this entire week has seen terrible trading conditions in the

DOW30, made worse by scumbag MT4 LP’s that are nothing but thieves … “hey,

I got eyes, and I can see the DOW30 quote box bid / offer via Turnkey … clicking a

button to buy when it’s going up, or a sell button when it’s going down, and you’ll

know exactly what I’m talkin’ about … how’d you like that off the market fill

Skippy”? … if I wanted shit conditions like this, I’d watch FX … yes, things will

improve.

Yesterday I mentioned the switchover for “The Syndicate” from crypto … in the

following markets, using Airsoft’s “Chrono Trader” platform, the best trading

conditions [meaning LOWEST TOTAL COST TO TRADE]  I’ve ever witnessed

… DOW30, SP500, NDX100, RUS2000, & CAC40 … we should be trading live by

early next week … quite frankly, this trading platform makes the MT4 look like two

tin cans hooked up with string … lightning latency on fills and NO SLIPPAGE!

… I’m not sure Turnkey could survive without the “skim” from splitting slippage

with the scumbag LP’s … they won’t say “NO” they don’t do it, so I have the right

to assume they are … so, “The Syndicate” will be back to “lighting it up” in the

next few days … FRICKIN’ GIDDYUP! … by contrast, if Turnkey can keep their

LP’s in line, I’ll “light it up” for the PAMM as well, there’s just a big difference

when the spread is wider and I have to deal with slippage.

90 minutes to the close, and in the last half hour the DOW30 can’t move 5 index

points one way or the other … this after ramping to another FOMO driven BTFD

spec crowd high of the day, where they honestly believe everyday should be

higher … still, a piddly ass range, and the only thing that ramp and subsequent

dumping proved was it was a bank led buy stop hunt.

I dunno, maybe the Chuckleheads can move this crap come the Asian session

into Europe … if they don’t, Friday could be the worst day of the week for trading

action … we’ll see. No trades today in anything cuz there isn’t anything to do!

… with such tiny ranges hour after hour, followed by explosions in price in

seconds out of nowhere both up & down, algorithm parameters even though

they are very fast, aren’t that fast … and it makes for no signals cuz after a

move, it simply drifts the other way, and we end up with the

“Flying Wedge of Death” [FWD] again & again, over & over … until stops are hit

on the other side where the process starts all over again … trust me, this ain’t

no accident!

On the bright side, the algorithm is keeping us out of trouble … now all we need

is an actual frickin’ market … I know, that’s asking for a lot these days since there

aren’t any … nonetheless, this too shall pass.

… outta here … “the future looks so bright, I need sunglasses”! 😎

… Onward & Upward!!

-vegas