It never ceases to amaze me how “Stock Bellies” can consistently defy gravity
… today sees the Chuckleheads in the Asian session take the DOW30 down from
its highs to 300 index points lower on China panic within their tech sector … nice
job Chuckleheads! … and immediately after running sell stops at Friday’s low,
more than likely the SNB [Swiss National Bank] comes in and aggressively bids
“tulip bulbs” 200 index points higher, straight up the frickin’ wall … by the time I
hit my screen this early A.M., the recovery was well on its way to forcing shorts
to puke … literally unreal.
My main focus is on the NYSE session, but if I get signals starting around
5:00 - 6:00 AM EST [New York], I’ll take ‘em if the trading action is good, and I’ll
ignore ‘em if conditions are mostly in chop mode … but as noted above, Asia
sees a 300 index point range, with some good trading action on both sides of
the ball … after the European buying blitz, things have quieted considerably, with
Turnkey’s scumbag LP’s blowing the spread out to 3 index points … why?
… greed, pure and simple and cuz they can … I’ve already told them this is
bullshit, but they could care less … as we work towards the NYSE open, this
should … SHOULD! … come back to 2, but we’ll see … it’s simply a never ending
battle with these thieves & parasites, who are ALWAYS looking to clip you for
an extra buck wherever & whenever they can.
And it’s the usual scam NYSE open, where the Chipmunks pay the high of the day,
and then brutal reality sets in and prices plummet when the opening orders run
dry … trading during this time is not recommended cuz slippage will be beyond
horrendous … so, another big reversal day in the DOW30, and the NYSE just
opened.
Then there’s today’s edition of comedy gold … home sales a big “sigma” miss,
which only means in today’s FUBAR “markets” [cough, bullshit, cough] NO
TAPER coming from QE, and no rise in interest rates is imminent … BULLISH!
… quite frankly, looking at the week and the schedule of events, earnings
“bigly & yuge” starting tomorrow, and then on Wednesday, another FED interest
rate decision from the “Wizards of Smart”, so today looks to be the lightest from
the calendar … from China, that’s another story entirely … but make no mistake,
the sharp rebound after the Chuckleheads departed for the casinos, comes cuz
the scumbag LP banks bought it all the way down, and now it to rally to sell back
to the Dopes who sold it … well, mission accomplished! … then there’s New York,
where shit basically dies once the order book has been picked clean … ho hum,
just another day in “Stonks”! … and btw, this is the 4th day in a row where [so far],
the DOW30 is substantially under it’s 20 Day Range MA.
We’ve reached that point in the day, as we head towards the NYSE close, where
I’m not comfortable at all in trading the DOW30 cuz there isn’t enough time left in
the day to recover from some nasty movements if they appear, and quite frankly
the last hour to 90 minutes has a history of being fraught with disaster moves
out of nowhere … thanks but no thanks.
In the NYSE session so far, only 2 buy signals, where one I made the trade, and
the other blew through the signal so fast I didn’t have a reasonable chance to buy
it without getting royally screwed by Turnkey’s LP’s … so, only one algorithm
trade today … TURNKEY PAMM UP SLIGHTLY.
Usually we’ll get 5 - 10+ really good signals in the DOW30, but not today … once
the London Fix was over and Europe closed, price movement died with it … more
than likely, that means some wild last half hour to last hour bat shit crazy [BSC]
price moves, something I want no part of as the clock ticks down … onto
tomorrow.
Meanwhile for the first time in weeks, crypto shows some life! … well, about
frickin’ time … maybe tomorrow sees some life in the alt-coins as well? … if so,
“The Syndicate” will be back trading … we’ll see.
… outta here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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