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
“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?
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
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