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
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