Well, that escalated quickly didn’t it? … and the lesson continues to be learned
by those that trust the U.S. to do the right thing … simply put, the U.S. CANNOT
be counted on or trusted in any capacity … “we’re here to protect you ‘till we
ain’t” seems to be the official U.S. motto post WWII … and so, there goes
Afghanistan down the rat hole after 20 years and over $2 TRILLION DOLLARS
spent for NOTHING … worse still, the American blood given for nothing, just like
Vietnam … all for ZIP, ZERO, NADA, & ZILCH! … what a record for the Ivy League
elites since LBJ, huh? … my heart goes out to all the families who’ve lost loved
ones cuz of clueless, dumb ass POLS who have no fucking idea what they’re
doing … Preezy Idiot Boy right at the top of the class … and how many trillions is
spent on intelligence & defense? … seriously, if you wanted to ruin the country,
which I’m pretty sure they do, you’d do exactly what they do and not listen to a
fucking word they say.
Asked on July 7 about a possible parallel to the moment when U.S. helicopters
evacuated embassy personnel on April 30, 1975 in Saigon, “Corn Pop” said,
“None whatsoever. Zero….The Taliban is not the South, the North Vietnamese
army. They’re not—they’re not remotely comparable in terms of capability.
There’s going to be no circumstance where you’re going to see people being
lifted off the roof of our embassy.” … 5 weeks later and this aged well didn’t it?
… what complete bullshit … 50 years in D.C., and has this Doofus EVER been
right about anything? … you wanna defend him, fine … name me one thing he
hasn’t FUBAR-ed to the hilt, all the while feeding at the tit of the federal
government and enriching himself & family at every opportunity he could get his
grubby hands on … name one, just one! … and the countdown for the ChiComs
to overtake Taiwan begins … the clock has started ticking … these 2 are a
national DISGRACE!
This just in … historians have discovered a very rare photo of Hitler in his bunker
from April 30, 1945 … alone, aloof, nobody likes hanging around a complete
LOSER! … so sad, such grand national socialist goals and everything down
the drain.
But hey, at least Afghanistan got to celebrate “Pride Month” in June, right along
with the U.S. military that has no clue why they exist except to virtue signal and
be “woke”, or label Americans as “terrorists” … apparently the threat of “double
secret probation” from Preezy Idiot Boy didn’t quite work out, as the Taliban
marched in and took over faster than a Libtard promise of Utopia turned sour.
Typical Monday in markets … “Asia flies, the rest of the world dies” … “Stock
Bellies” not liking the political optics of guys in Toyota trucks defeating the U.S.
and sending them packing … but no worries, cuz at the European open, here
comes the coordinated “Plunge Protection Team” [PPT] to rally “Stonks” and
keep sentiment from deteriorating further … since then a bucket of dog poo
… good movement in BTC in the Asian session, but as is usually the case coming
from a weekend into the new week, spreads are ridiculous until Europe shows up
… another Turnkey LP con job, as apparently they don’t know crypto trades
24/7/365 and there are no opens & closes, and volumes & liquidity are pretty
equalized around the world … maybe some day they’ll figure it out … FX as per
usual, with over half the day over already, simply pitiful ranges and trading
action, and quite frankly not even worth looking at.
Over in crypto, as the sun rises in New York, very choppy lacking direction at
the moment … Turnkey spreads in ETHUSD a joke, but BTC barely acceptable if
it would decide to go somewhere … so far just chop and whales hunting for stops
with no follow through … like I said, typical Monday … since the sharp runup
from the 30K level, I’m left wondering how much is left in this run before another
bloodbath to the downside … a whole lotta new positions [LONG] on the books
that got stops underneath them, and given the bloodbath in May, IMHO I don’t
think people are quite as “solid” with the HODL strategy as they were before
… we’ll see, but quite frankly the worst thing that can happen to this market is for
another melt up to new record highs drawing in even more Sheeple … this space
is already notorious for FOMO-ing & PANIC, and if it wants to keep the gains it
needs, no requires, a more steady approach where there’s actually a market is
the healthy way to go … but since this is the “Wild, Wild, West” I doubt that
happens.
The important criteria about crypto, though, especially if you’re on an MT4 or
MT5 platform, is that the market has to be moving … it can’t be sitting … with
the relatively high cost to trade, compared to other markets, when crypto sits or
is in a tight range, you have to sit and wait for some movement, otherwise they
hang you out to dry with an explosion in price that either goes the wrong way or
causes the spread to explode wider than normal … neither is good.
Gee, I wonder why “Stock Bellies” are lower at the NYSE open? … let’s see,
1) the U.S. goes down to ignominious defeat against a bunch of guys in pickup
trucks with rifles, and says “can’t we just be friends”?, 2) inflation is OUT OF
CONTROL, 3) the FED has no clue what to do or when to do it, and 4) Preezy Idiot
Boy is in hiding, where the Taliban have had more news conference coverage than
a wimpy, weak ass, spineless idiot Preezy … other than that, sure “Stonks” should
rally right? … no sooner than I write, here comes the “Plunge Protection Team”
[PPT] to the rescue, and now we’re in a mini melt up … see, no worries!
… meanwhile over in crypto, Turney’s LP’s beclowning themselves with
ridiculous spreads, so we’ll see how long that lasts cuz there’s no way in hell
you pay through the nose to trade crypto … so far, what a joke.
Earlier today, I had a good telephone chat with Turnkey management … we
covered things that I thought needed to be covered and have written about in the
blog recently … long story short is I will attempt to trade the SP500 for the PAMM,
which I’ve long wanted to do but haven’t cuz of issues over horrible slippage, cuz
some things have been changed … “OK I said, this is the last time I trust you on
this … last, as in FUCKING LAST! … you burn us with unreasonable slippage
again, and it’s the last time I ever talk to you people … and while you’re at it, have
a chat with your “market maker”, “we’re gaming the spread” LP in ETHUSD, cuz I
know what they’re doing and it’s unacceptable to me … and get the spread down
in BTC cuz you’re close again to not being competitive! … have a good day”.
And so, here a couple of minutes ago, on an algorithm buy signal in the SP500
CFD, I did a very small trade to test them out … I’ll give ‘em a C- grade on the
entry, which I didn’t think was very good, but wasn’t horrible either, and I’ll give
‘em a solid A+ on the liquidation cuz it was right on the bid as it down ticked from
the high of the M1 and I got no slippage … so up a few pennies and overall
nothing to B.I. Itch about, and I’m pleasantly surprised … quite frankly I’d rather
trade the SP500 than the DOW30 cuz it’s deeper and should in theory give better
fills, after all the emini is one of the highest volume traded futures contracts in
the world, and with the emicro futures now as well, Friday saw total volume of
approximately 1 million contracts, and Friday was an extremely slow day … well,
if this holds up, and who knows if it does cuz we’re talkin’ about Turnkey here, and
they said they want to be a “major” CFD player in “Stock Bellies” going forward,
so given this tiny test I’ll give the SP500 the “nod” when I get buy signals, and
we’ll see how it goes … meanwhile, crypto has gone “sleepytime” and the
spreads have come in … “of course they have, NOTHING IS HAPPENING, it’s
when BTC & ETH move that it matters”! … given the recent runup, a few days of
lower prices would be welcome and healthy, but knowing the FOMO loving
specs, anything can happen.
The London Fix comes and goes, not that it matters much in August cuz nobody
cares about FX right now … ranges completely pathetic, and there are simply
better markets to trade with better opportunity than these dead dogs … “Stock
Bellies” have slowed considerably, with the NDX100 taking the brunt of the hit
… still not much trading action and the ranges continue to stink to high heaven
as VIX implodes even more … unless Jackson Hole produces some surprises, it
looks like this year August is a graveyard for trading action in traditional markets
… with all of the negative news over the weekend, action should be way better
than this, either up or down, and outside of a tiny flurry in the first hour after the
NYSE open, we aren’t seeing anything … such is Summer and such is August
sometimes.
Afternoon in New York, and have they put Preezy Idiot Boy’s picture on a milk
carton yet? … talk about MIA … but sure, he got 81 million votes! … bwahahaha,
Libtards, YOU OWN THE BLOOD FROM AFGHANISTAN ON YOUR HANDS FROM
THIS DAY FORWARD! … but, “Stonks” don’t care [yet] … wait ‘till he opens his
Pie Hole at the presser … what’s the OVER / UNDER on how many times he
blames Trump, or says it’s not his fault … will he even take any questions?
… Mr. Mumbles Bumbles with his note cards … well, make sure the print is BIG
and in colors so he knows the right Libtard sycophant from the MSM to ask him
a softball question … he’ll stick fuck it up and look like the demented idiot he is.
Afternoon really slow, and BTC & ETH simply doing the slow crawl lower in
lackluster volumes … not really a good day for any trading in this stuff cuz it’s
too stinkin’ slow … and with the spreads & commish, slow days will give you
heartburn … NO trades today for “The Syndicate”.
For the PAMM at Turnkey, just the one test trade, so basically “UNCH’D”, but up
a few pennies … tomorrow may see some action as retail sales & a Spicoli
speech are on tap … as for today, if it’s this slow with the news flow over the
weekend, imagine what it would have been like if there were no news? … but
never fear, coming real soon “Stock Bellies” got a “fish or cut bait” moment
… Jackson Hole coming up soon. As for crypto, we’ll have to wait and see what
kind of spreads Turnkey’s FUBAR LP’s put out there, and if they’re bad [too high]
I simply skip ‘em … we’ll see what happens.
Outta here … “the future looks so bright, I need sunglasses”! 😎
… Onward & Upward!!
-vegas
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