THE WORLD IS BEING LED BY FOOLS

 

“Hi, I’m “Taliban Joe”! … Make Back America’s Enemies Better Again!”

How do you ruin a country in 8 months? … EASY PEEZEE: “follow “Taliban Joe”,

voted #1 Terrorist supporter of ALL TIME! … and as I have warned from the

beginning with this demented fartbag, every day / week / month that passes

only gets worse … literally everything he has touched or had input in for over

50+ years in the “Swamp”, he has FUBAR, to the point even Osama Bin Laden &

Ex Preezy Empty Suit have marveled at his ability to be wrong ABOUT

EVERYTHING 100% of the time … if you voted for this Doofus, you should go

seek professional help, right after eating that gas station sushi you bought

on sale.

Maybe reality is starting to come back to people … too early to tell really, but the

enthusiasm for “Stonks” is waning, especially tech stocks … there simply seem

to be far less “thrill up your leg” moments than before, but still almost every night

the Chuckleheads bid “Stock Bellies” higher … why? … is it the SNB [Swiss

National Bank] doing it on the cheap while the rest of the West sleeps? … me

thinks maybe … but then the double dose of idiocy from “Taliban Joe” and crew,

and not so great worldwide inflation numbers, and the thrill is gone.

Into the New York afternoon, and selling intensity is picking up across the

“Stock Bellies” complex … energy prices are EXPLODING across China & Europe,

and food costs are right behind … quite frankly given the news flow, the fact we

aren’t down double what we are points to the level of buy manipulation, but even

so the rallies today have been very short in scope and even more brief in terms

of time … “we’re in the back “6” of the paradigm, where not only are there no

rules, the red spikes from hell after EVERY SHORT RALLY are especially brutal

… you don’t see this in the front “94” … “Toto, we ain’t in Kansas anymore”!

The danger here for buyers isn’t that you’re unable to catch a few index points in

a long trade … it’s what happens when you’re one microsecond late on the turn

lower, and the red spike gets ugly quickly … and it all happens in less time than it

takes for you to blink your eyes … now what? … yes indeed, what’s the plan now

Skippy besides prayer? … we’re also seeing end of Q3 flows, which is adding to

the heightened volatility … “yea, I want VIX, I just don’t want bat shit crazy [BSC]

VIX, and today we’re borderline on that front” … with all of the “Stock Bellies”

over stretched to the upside for years, in terms of price, you can’t ignore the

heartburn indices are exhibiting right now, especially technically from the charts,

cuz once this shit gets rolling to the downside it can get ugly far quicker & more

nasty than you think … today not at all conducive to being long … tonight into

tomorrow, given the run in USDJPY, and it’s position as “Kingmaker” for

“risk on / risk off” trades in every complex, sees me eyeing it for some algorithm

trades … with the Q3 flows over, and some profit taking into the weekend early in

the day, there exists the potential for some excellent long trades … we’ll see.

No trades today in anything … all of the tiny rallies we saw today [so far] in

“Stock Bellies”, sees them top out and then on some corrective lower action,

there’s no turnaround to go higher, simply a mad panic to go lower still to another

new low for the day … the entire day broke down like that, and left me no choice

but to leave the buy side alone … over in crypto, after the Chuckleheads blistered

BTC higher by almost $3,000, once Europe opened, it’s been locked into an $800

“Flying Wedge of Death” [FWD] for the last 12+ hours … go figure … incredibly

boring day in BTC, so no trades here either for “The Syndicate” … if it doesn’t

wanna play, there ain’t anything I can do about it!

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

… Onward & Upward!!

-vegas

THINK WHILE IT’S STILL LEGAL

 

“Going off the Democrat plantation!”

I don’t care at all for Rihanna’s music … crude, vulgar, along with a thousand

other adjectives I could throw around … Cardi B and a host of others as well in

the same boat … they’ve made millions / billions and they can do what they want,

which btw I’m all for their success … imagine that, some with actual brain cells

that work, are discovering what I’ve known for decades, which is 1) Democrats

only care about blacks at election time for their votes, and once that’s over, you’re

expected to go back to the plantation and STFU, and 2) most shockingly,

Democrat policies HURT some minorities more than others! … well, welcome to

the truth Rihanna, better late than never! … and what they’re telling the

“Plantation Elites” like Taliban Joe & crew is, “I can think for myself and don’t

need you to tell me what to do”! 

The reality of POLS & Apparatchiks is very different than that of markets,

especially “Stock Bellies” … and the latest iteration of interest coming full throttle

to a head is government funding & the national debt … a sick joke to be sure, but I

for one would sure relish a default on the national debt while “Taliban Joe”

wonders where his pudding is … quite frankly, is there ANYTHING DEMOCRATS

[A/K/A COMMUNISTS AND/OR SOCIALISTS], touch that isn’t FUBAR almost

immediately?

Turning to the DOW30, after a mini meltdown day yesterday, the worst thing to

happen if your bullish, is for the “Chuckleheads” in the Asian session to go full

retard basket of kittens on meth and buy, thinking of the wonderful bargains

they’re picking up … right, sure, nice job meatheads … “POOF!, there goes some

next day “buy fuel”, right down the rathole”! … Spicoli up at the “Clown College,

House of wannabe Elites edition” [a/k/a the House] for another round of lying

… what he’ll say different from yesterday remains to be seen.

What good would the day be for scumbag banks, if not for the very real FRAUD

conducted every single day at the NYSE open? … you see this shit again? … and

you wonder why I shy away from anything to do with the open for about at least

10 minutes if not longer? … but this is nothing compared to the “circus shitshow”

some minutes later, where the range for the DAY gets about 90% matched in 11

minutes, as we go from a new low of the day to almost a new high for the day

… which btw, we got a few minutes later … manipulated? … nahhh, just Ma & Pa

from Des Moines buying & selling from the back porch … create high energy

gamma-ray type volatility for bank bailout of stock inventory, followed by

immediate “crickets” from VIX that feels dead … this is how they manipulate you,

via massive short term moves in VIX, cuz they know volatility affects how you

think about the market, and when it moves on large green or red spikes it gets

you to “click the button” … which is what they wanted you to do!

… feel “gamed” yet?

Only one solid algo buy signal today in DOW30 … TURNKEY PAMM UP

SLIGHTLY.

The DOW30 today suffering from anything close to its 20 Day Range of

approximately 429 index points, with about 2 hours ‘till the close looking at a

pathetic 244 point range … look at the trading from the European open onward,

and it’s a pile of dog poo trapped inside the “Flying Wedge of Death” [FWD], with

very sharp moves towards the edges that go nowhere … we were fortunate to

get the one signal, cuz it looked for a while we wouldn’t get anything … my

volumes are extremely light cuz of the very heightened risk factors present in this

market, most notably the potential government shutdown and debt limit … news

can break at any second, good or bad, and I’m not getting caught in this bullshit

when SHTF … this will pass and resolve itself soon enough, and at that point I’ll

do bigger volumes for the PAMM.

Crypto a waste of time today … BTC not doing anything but chopping people up,

so no trades in that for “The Syndicate”.

Monthly and Q3 end flows tomorrow, so it could be interesting … can’t be any

worse than this shit was today, but we’ll see.

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

… Onward & Upward!!

-vegas

A CORRUPT SOCIETY PRODUCES CORRUPT MARKETS

 

“POLS, Apparatchiks, & regulators lead the pack to ruin!”

While I was out playing with “Man Flu”, am I the only one to notice that TWO

FED Apparatchiks [Rosengren, Kaplan] have decided to resign from the FED,

after reports have started to surface of their COMPLETE CORRUPTION in

profiting off their own FED decisions … “nice work if you can get it, huh”? … of

course, the resignations have nothing to do with utter corruption, and are

“health related” and the tried and true “I need time with my family” bullshit

these assclowns always trot out trying to save their own skins … “hey OK, you

caught me … now just let me retire and be quiet with the millions I’ve made,

OK”? … ZH has the story in the link below for those of you that have missed it.

https://www.zerohedge.com/news/2021-09-27/boston-feds-rosengren-resigns-

days-after-questions-about-his-trading-surfaced

Over the weekend and between 10+ hour “naps”, the realization comes full circle,

as I look at DAX40 [yea, used to be DAX30 but it’s now the DAX40], this market

does us no favors … 1) the spread is blown out ‘till Europe shows up for their

“pre open” session, and even then it can be a “deal killer”, which means

whatever happens in the Asian session can’t be captured without paying a very

heavy “vig” price … and if the ChiComs drop some market moving news, the

ranges will take off right along with the spread … 2) and that means a good portion

of the time, you can come into the European session and the day is literally

already over, thank you very much ChiComs.

A better alternative is the DOW30, warts and all … yea, we get what we want, but

sometimes we can get a bunch of things we don’t want, namely slippage on fills

… but the reality is, you want volatility, and a market that usually moves? … you

want big, decent ranges? … you want the “Plunge Protection Team” [PPT] on

your side? … sure we do! … OK, then we got to take the bad with the good, and

hopefully sidestep the obvious landmines, cuz this is only 1 of 3 markets that

resides permanently in the “88/6/6” paradigm of trading … the other 2, SP500 &

NDX100,  got bigger problems than the DOW30 from my perspective, with only

the NDX100 not tradeable at Turnkey cuz of slippage on fills about 99.99% of the

time that is outrageous in scope.

Onto the scam, criminal NYSE open, where the “Chipmunks” will be fed by the

corrupt, front running, scumbag Wall Street banks, and nobody sees “nothing”

… seems like every single day sees worse abuses than before … why should

today be any different? … and yes, here comes the “pre Chipmunk” run higher

by the ILLEGAL bank prop desks with under 30 minutes to the cash open,

pumping futures higher now into the open, where the Chipmunks can get their

stock fills higher natch! … who cares? … obviously nobody! … and today’s

scam opening will be no different than all the others … pathetic, but no more

so than the political, cultural, & moral rot already evident in the “U.S. of China”,

led by “Taliban Joe” who wants to know where his pudding is.

The DOW30 as I write is in meltdown mode, right along with the “Spoos” &

especially NDX100 … debt hike limit showdown, rising 10 YR rates, and Spicoli’s

admission today at the “Clown College, House of Lords edition” [a/k/a the Senate]

that inflation might be higher, AND MORE ENDURING, than we anticipated

… “gee, ya think dumb ass”? … markets not liking this particular brand of

stupidity, and quite frankly it’s that time of year anyway [Sep - Oct] … the DOW30,

an hour after the cash open, seeing -400 at its worst before a dead cat bounce

… “hey Chipmunks, you guys happy yet”?

From any given trading day perspective, the normal bell curve is instructive,

directly below.

The red square area are where the big down days of DOW30 fall into, currently for

2021 about a 5% probability of occurring on any given trading day … and the dirty

little secret when you get out into this area, especially when you pass the

-3 standard deviation zone [-3 “sigma”], is that you are entering a zone of trading

that has no rules … it’s the “Twilight Zone”, and relying on rules in here is

laughable cuz there simply aren’t any … this is what causes hedge funds to go

bankrupt … this is also the back “6” of the “88/6/6” paradigm, and avoiding

losses in here is paramount, cuz they will wipe out anything & everything in the

front “94” … what took you 6 months to make, takes 2 hours to lose PLUS MOAR!,

so the goal has got to be to avoid getting the call from Sil & Paulie!  

The very real problem for traders in this “Twilight Zone” of hell for buyers, isn’t

the signal or the fact the market goes up some points from your fill … the

problems are twofold … 1) slippage is magnified costing you money on the way

in, and 2) the turnaround lower on the red spike is gonna get you obliterated from

the scumbag LP who doesn’t really want the order, and thus you end up with a

price you can’t believe how bad it is … under normal trading conditions [the other

95% of the time] the trading algorithm is almost “Hoover Dam” FLAWLESS … get

back here where the lines get “blurry”, and here is where the problems can mount

up in a hurry! … as I write, we got a 650+ index point range … that’s about 150%+ of

the current 20 Day Range MA … “from the back of the “Thelma & Louise” Cadillac,

I can see the cliff dead ahead … umm ladies, WTF are you doing”?!

We are way above the 20 Day Range MA for the DOW30, an hour and change from

the cash open, and that makes this market especially treacherous & dangerous,

as general bank scumbaggery + higher slippage [both absolutely GUARANTEED!]

is in the cards for everyone … and given the news flow, conditions could get a

helluva lot worse before they get better in the days ahead … and already I’ve seen

some absolutely criminal behavior by Turnkey’s LP in the DOW30, who is most

likely an HFT paying them for order flow info … if any of you did this they would

put you in jail, but none of these assholes have to worry cuz they pay the “skim”,

whereas you wouldn’t pay the crooks anything … that’s the difference!

Europe closed now … not that they matter much anyway anymore, but today at

least they put the hammer down on the Chuckleheads coming into the open, as

rate rises caught the Chuckleheads flat footed … this looks to be a very rough

New York afternoon for “Stonks” bulls, but always remember the “Plunge

Protection Team” [PPT] stands “at the ready” to rally markets like the DOW30

quickly & smartly, at the first hint of the selling pressure abating … not for you

Skippy, for the scumbag banks, and of course for their own “skim” … hey, bills

gotta be paid and mistresses got needs … wouldn’t surprise me to see another

“stick save” attempt in the last half hour by the PPT.

Well, with the meltdown not being the most conducive of circumstances to get

buy signals, we nevertheless got one buy signal in the DOW30 today

… TURNKEY PAMM UP SLIGHTLY.

Over in crypto, did nothing today for “The Syndicate” … BTC simply not moving

much, outside of a buy stop hunt that lasted about 3 minutes before getting

crushed as stocks opened and then went “Thelma & Louise” … oh well, onto

tomorrow. 

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

… Onward & Upward!!

-vegas