Yea it’s “FED day”, so natch I assumed getting up at 2 AM EST would be a waste
of time, and sure enough not to disappoint even the Chuckleheads are sitting this
one out in the DOW30 … “sleep when you’re dead”! … and so, the scumbaggery
from Turnkey’s LP’s a thing to behold, as mystery tick bids / offers make there way
into the quote box, with I’m sure guaranteed slippage AND with a 1 index point
higher spread … oh boy, what could be sweeter than this while waiting for the
Faculty Lounge Lizards at the FED to blind us with their brilliance come
2 PM EST? … and then in 6 minutes, the entire last 4 ½ hours is taken out to the
downside in a “Thelma & Louise” trip to the bottom of the quarry … in other words,
biz as usual!
And since it’s “hurry up & wait” day, the “Loser Formation” has reared its ugly
head, and the DOW30 can’t move 10 index points in the last hour plus … until the
next time coming up when somebody somewhere panics and gets screwed
royally, while we all wait for the “Wizards of Smart” at 2 PM EST. … so far today,
as expected, the range has been tight and there have been some buy signals
… but “here’s the rub” as Bill Shakespeare would say … there isn’t any follow
through to the spikes after correction activity in price … Ok, so you get a 20 point
slam move up, and when it corrects some, does it go higher still? … in a tight
range day like this the answer is no, it’s a trip to the other side of the coin … and
back & forth we go, like a yo-yo inside a very tight “Flying Wedge of Death” [FWD]
… granted, it’s due entirely to the upcoming FED bullshit, but you can’t sit there
and assume this tight range holds, cuz when it doesn’t and you’re on the wrong
side, it’ll gut you like a fish … now what? … will there be enough IVIX before the
FED to bail me out? … more than likely no, cuz the scumbag LP’s will do their
best to make you bleed and bleed some more after that … when you consider the
bid/offer, the slippage + commish, getting long and watching it go up 5 index
points before it gets slammed 20 points isn’t gonna work … and so far today, it’s
“kill the longs, then kill the shorts, rinse & repeat, are we having fun yet”? … all
while doing and going nowhere … and you can lay this type of trading shit right
at the feet of the FED! … SCREWING PEOPLE SINCE 1913!
As we work up to the NYSE open, how much more proof does anybody need to
see that all of this shit is nothing but one big manipulation? … drive price into
sell stops … drive price into buy stops … now approaching the cash open, it’s
time to screw the Chipmunks who have to do all of their buying / selling in the first
5 - 10 minutes of the open [the vast majority of the time it’s buying] … what
Apparatchik designed this horseshit rule for the benefit of the scumbag LP banks
to screw mutual funds, ETF’s, & ETN’s blind? … cuz they can see the cash orders
coming in and we can’t, and they then pass that info on to their buds trading the
offshore futures accounts tied to the bank but not really “legally” as to show up
on their books, and futures price gets bid or offered higher / lower respectively
… nice scam isn’t it? … the “market” isn’t even open yet, and already we have
potential for a double reversal! … what a frickin’ joke … “but yea, totally legit and
aboveboard with fair & honest pricing from our Nanny State Manipulators we’ve
come to know oh so well” … and there ya go, a 50 index point range in the
opening minute as both buys and sells raped by banks … see my shockingly
shocked face! … Welp!, we missed the double reversal by a few points on the
upside, so now time to go to the low for the day? … why not? … and just
remember, I got some beachfront property in Kansas for sale you should be
interested in … CHEAP!
And yup, back to the low of the day, where but for a few index points on both
the upside & downside, we’d have a TRIPLE REVERSAL on our hands, and the
DOW30 hasn’t been open for an hour! … amazing how the outfits with the most
money [scumbag banks], and those who can’t lose cuz the FED bankrolls their
trading [scumbag banks], and don’t have to worry about losses cuz gains are
theirs and losses are the FED’s [scumbag banks], and have access to order flow
we don’t have [scumbag banks], always seem to be on the positive side of the
ledger … meanwhile, specs get driven to the “Trader’s Graveyard” in droves with
MA crossovers, and other worthless shit, and pretty much buy tops and sell
bottoms … the natural course of things!, at least from the scumbag bank’s
perspective … and now that they’ve trapped shorts at the low, here comes the
explosion in price in milliseconds and we rocket higher … where if you’re trading
at Turnkey and it just exploded higher out of nowhere, pushing the button
GUARANTEES MAX SLIPPAGE and a horrible fill … what we are witnessing these
last few days is what I call “V-shape trading” in the DOW30, where tops and
bottoms come as exhaustions and then move away at the speed of light, and
there’s no way any algorithm can capture this … meanwhile, the DOW30 hasn’t
gone ANYWHERE FOR THE LAST 8 HOURS … “a little song, a little dance, a
little seltzer down your pants! … oh, to be a MOMO trader”!
Over in crypto, despite this week’s rallies in BTC & ETH, the alt-coins haven’t
done Mr. Jack Squat … spreads still ridiculously wide, volumes 10% - 20% of
what they were 3 months ago, and liquidity a joke … and quite frankly from where
I sit, it’s gonna be a very long time before they come back, cuz too many people
got wiped out in May when BTC crashed, and they can’t even bounce to save their
stinkin’ lives … that does not bode well for the immediate and medium term future,
as we could be looking at many months or years before a new class of FOMO
loving specs come into the space once again … in other words, IMHO, it’s a
“dead money” space going forward. For “The Syndicate”, I’m gonna be moving
our funds over into the DOW30, but not with Turnkey … there are better deals
with better NO KYC brokerage houses that utilize Airsoft’s newest trading
technologies specifically designed for active trader professionals like me, where
the cost to trade is the LOWEST & BEST I’ve ever seen in the “Stock Bellies”
[world major indices] and latency on fills is IMMEDIATE … and when I say
“immediate”, I’m talking about a handful of milliseconds start to finish, and most
importantly there is NO slippage on fills … not just in DOW30, but the SP500,
NDX100, RUS2000, CAC40, FTSE100, IBEX35, STOXX50, ASX200, and for an
added kicker WTI crude oil! … you won’t find LOWER COSTS TO TRADE
ANYWHERE ELSE! … just fractions of index points over the futures contracts
bid/offer spread, but the flexibility of being able to choose your trade size and
leverage versus standardized futures contracts … in other words, a true trader's
dream! … we will do much, much better over here, than anything crypto can
deliver to us now or in the future! … more on this in the coming days.
Almost Noon in New York, and now starts the countdown to idiocy at 2 PM EST
… like these Dopes have any clue … “Everything Is F-ing Awesome”! Is the mantra,
and don’t you forget it! … there isn’t anything we can do about these
“hurry up & wait” days, and as much as I’d like to see them disappear, they ain’t
gonna do that … and the casualty of all of this is that indices drift and are subject
to stop runs much higher in probability than on “normal” days [whatever those
are anymore], with the key characteristic of nothing having any MOMO to go
anywhere before some bank smacks it down or runs you over in the process
… buy the rallies or sell the breaks, AND SLEEP WITH THE FISHES!
There are “whispers” out there that the surprise today, may be unexpected
“hawkishness” coming from the Lounge Lizards … up here at ATH’s, that could
spell some real heartburn if it pans out … my guess, though, is it’s gonna be a
“nothing burger”, with more bullshit than any human should ever be subject to,
unless of course you’re a Libtard and stuck next to Preezy Idiot Boy, and then
you deserve it ... we’ll see what the FED does at 2 PM EST.
And while we wait for the “village idiots” @ 2 PM EST, and it’s crossed my mind,
going forward I’ll most likely be posting the blog around the NYSE close at
4 PM EST, or maybe a little beforehand.
"Well, that escalated quickly didn't it"? [NOT]
We’ve been held hostage 3 days this week for this? … yea Spicoli, inflation is
“transitory” … as I said, liars to the core, but we already knew that … can we go hit
a new high now? … hide the kids from the Spicoli presser, you don’t want to
damage young brains with this much bullshit … Goebbels would be proud is all
I’ll say … maybe now we can get on with trading the rest of the week … barely a
200 index point range so far today, and unless he puts his foot in his mouth at his
presser, another extremely sub par day versus its 20 Day Range MA … the good
news? … there’s always the Chuckleheads in the Asian session to spice things
up, especially the last 2 - 3 hours of their day.
It was another day in the DOW30 of a “Tale of Two Cities” … literally nothing to do
in the Asian or European session, and the NYSE session has been nothing short
of a “chopfest”, with little interest going into the interest rate decision, and both
longs and shorts taking turns getting killed via the banks in very quick and painful
action … when they panic, they don’t screw around … when ranges are tight, the
turns at the tips of the FWD are downright “nasty”, making any winning trade
potentially a losing trade, thank you very much Turnkey scumbag LP’s … if you
somehow think you’re gonna get a fair & honest price at the turns, I got some
bad news for you.
No trading today in anything for obvious reasons.
Unless the presser impresses somebody, this day is over … “go get ‘em Spicoli,
long live the Ponzi”! … good grief what a bag of flaming dog poo … oh well, not
too worried about it cuz it’s Summer and it’s the FED, so whaddaya gonna do?
… hopefully, the trade can get back to normal now that this horseshit is over
… take it away Chuckleheads!
… outta here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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