Another overnight bat shit crazy session, and as I awake and turn the screens on,
again we see enormous ranges that equal or surpass the 20 Day Range MA in all
of the “Stock Bellies” … yes, it’s a bummer to be sure … and then as to cap off the
bullshit, here comes the “Plunge Protection Team” [PPT] right after “Stonks”
opened in New York, for a magic carpet ride ‘mighty F-ing el quicko” sharply
higher … “can you smell the buy fuel being burned? … I can! … all according to
manipulator plans, simply cuz they want no partners on the way up … yes, the
casino is open”! … it’s what you do inside that matters.
As I said yesterday, “Stock Bellies” have higher VIX for what you’re trading
relative to the size of the trade, than either ETH or BTC over in crypto … yes, they
are more volatile when SHTF and the animal spirits are let loose … from my
perspective, if VIX can stay here or maybe go slightly lower going forward, that
would be ideal … I really don’t want to see “Stock Bellies” VIX go significantly
higher, cuz if it does the scumbag LP’s will blow the spreads out and put slippage
on “TRIPLE FUCK YOU MAX”, and then where are we? … and since the other day
when I B. I. Itched about the “bait & switch” conditions in the SP500 CFD spread,
appears somebody sat up and took notice, cuz they’re back to normal, meaning a
spread of 0.0 - 0.30 index points consistently throughout the day … remember,
futures is at 0.25, so even at 0.3 index points it’s a “fair” deal for the LP … 0.5+
AIN’T! … and since we’re talkin’ about VIX, the DOW30 has become simply
untradeable at Turnkey … a combo of spread + horrific slippage on fills, performed
by a bunch of thieving crooks … to scalp the DOW30 at Turnkey, you need a
MINIMUM move of 10 index points in your favor to reasonably assure yourself
there will be SOME profit after they steal what they steal … anything less than
that, and it’s a coin flip! … and so, moving over to the SP500 is a no brainer, and
that’s what I did today.
Again with the blowout of range in the Asian session … and it leaves peanuts for
New York … scraps under the table … and with the range blown out, where’s price
gonna go when probability theory says it’s a very low probability event … sure, it
could go some more, but so what? … fact is, you’ve entered coin flip territory that
ain’t in your favor, so making trades makes no sense cuz you have no advantage
… and you can see it in the SP500 M1 chart, where after the “London Fix”, it’s a
bowl of chop suey thrown up against the wall for hours, as price can’t make
headway higher … at 130% of the 20 Day Range MA should that be a surprise?
... well, not to me it isn’t!
Moving over to the SP500 today, I’m generally pleased with both fills & latency
… both right on the money and the trade I did was filled instantly with no lag
time of “seconds”, where they try and figure how bad to screw you on your fill
… none of that in the “Spoos”, plenty of it in DOW30 … only 1 trade today in the
TURNKEY PAMM in the “Spoos”, and we’re UP FRACTIONALLY … when it
doesn’t wanna go, it doesn’t go, simple as that … a tiny amount of buy fuel but
not much … other than that, most of the day spent waiting patiently for a decent
break that wasn’t a “V” shaped bottom from hell that is next to impossible to
capture … those never came around today … onto tomorrow, and let’s hope Asia
can keep it under control … most of the time they do … this week not so much
… other than that, this market looks good for trading activity again.
Over in crypto, “The Syndicate” UP APPROXIMATELY 0.2% … simply scalping
during a rather dull day of crypto action, and getting paid via limit orders to do it
… as I watched the “Spoos” diddle fart around most of the day, there were some
scalp buy signals I took advantage of to grab yield … yup, it’s called “grinding”,
cuz not every day is Christmas morning opening presents … no worries, it gets
everybody to “MillionaireHood” and that’s all that counts.
… outta here … “The future’s so bright I need sunglasses!! 😎
… Onward & Upward!!
-vegas
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