Get the feeling nobody wants to be long over the weekend? … who knows what
silly ass, idiotic, and downright stupid rules government will come up with next
to ruin economies, over the FUCKING FLU! … WE’RE ALL GONNA DIE! … but
won’t, and life goes on with the Elites not bothered in the least, while middle
‘Murica suffers at the hands of idiots & morons. Make no mistake, financial
markets are not reacting to the actual COVID mutation [Omicron] and fear it
… what markets are reacting to is the KNOWN QUANTITY OF GOVERNMENT TO
FUBAR THE ENTIRE RESPONSE, and absolutely do the wrong thing 100% of the
time … “oh aren’t we lucky the U.S. has got “Taliban Joe” and the disappearing
Manchurian Candidate as VP … these 2 Dopes couldn’t sell ice cream at the beach
on a hot day without fucking the entire process up … anybody listen to the “Head
Dope” lately? … can’t even put two sentences together in a cogent thought
without mumbling, bumbling, his way through a stack of lying bullshit stories
… an absolute fucking disgrace, who has no idea where he is or what he’s
doing … oh yea, things will turn out swimmingly won’t they”?
“Buy the fucking Dip” [BTFD] has turned into “Sell the fucking Rip” [STFR], as
today we learn over on ZH that corporate insiders are unloading “Stonks” at a
record pace to … wait for it … retail specs! … yup. Mom & Pop have finally figured
out it’s time to buy “Stonks” cuz they never, ever go down [maybe minutes but
that’s all], so what can possibly go wrong? … well, to put it mildly, PLENTY CAN
GO WRONG AND IS!
Make no mistake, we’re in the back “6” of the “88/6/6” paradigm, and while the
ultimate goal here is to make money, the top priority is to not get “whacked”
… and the last few days has seen the BTFD’ers get a call from Sil & Paulie … and
it’s been flat out ugly the moves down … get the “Spoos” under 4500, and most
likely it gets even uglier cuz gamma turns negative quickly, meaning scumbag
dealers have to sell “Stonks” to cover naked short rising put option prices that
are going exponential to the upside … it can make for some of the ugliest moves
in stock market history, and given how much this “”Bubble” is overvalued, and
the number of Chumps still involved in it, yea the downside has plenty of potential
for being ugly with a capital “U”!
You have to be really careful in the back “6” of the trading paradigm when the
range for the day gets blown out “bigly & yuge” to the downside … for “Stock
Bellies” there is a specific “fingerprint” that is golden for buying, and when SHTF
it appears with regularity … however, like gold and to some extent crypto, what
looks good one second is dog shit the next, and the red spikes down can be an
account killer if you’re too eager pursuing the bottom tradeable bounce that isn’t
what you thought it was … the “Spoos” ain’t the place to be doubling, tripling,
quadrupling [or more] up when price is running against you, especially in the
back “6”, where conditions can turn “nasty” in a heartbeat and then you make it
worse cuz when you get out you’re adding fuel to the fire against you! … the tiny
rallies you can take advantage of in normal market environments [the “88” part of
the trading paradigm] via scalping, you have to pass on when in the back “6”, cuz
they aren’t worth it and will get you into big trouble.
As you might have figured out, getting algorithm buy signals in the back “6” of
the trading paradigm isn’t easy on big down days … there are going to be far
fewer opportunities than normal … of course, if we knew when the back “6”
showed up we could get short and make a killing, but they don’t send out emails
for big down days … and if you consistently try and short the “Spoos”, I hope your
account is big enough to sustain the regular losses waiting for the “big day” when
the market goes down hard so you can breakeven if you catch it! … and my
experience over the decades watching many try, has been watching nothing but
slow motion train wrecks cuz they’re never around long enough to catch a big
move down … cuz they’re in the “Trader’s Graveyard”!
Now here we are in the New York afternoon, another “bigly & yuge” range day in
the “Spoos”, with another reversal day from the lows to the NFP highs, to the
“Thelma & Louise” drop that commenced next right after that … swings that are
hard to swallow in a market like the SP500, clipping along with ± 2%+ moves
within very short periods of time … as I’ve said before, for what you’re trading,
the VIX when SHTF is 2X - 5X HIGHER THAN BTC AND/OR ETH.
Post NFP Idiocy, only one algorithm buy signal today in the SP500 … TURNKEY
PAMM UP FRACTIONALLY … “hey, when it doesn’t wanna go, it doesn’t go”!
… every day this week has seen the range get blown out way past the 20 Day
Range MA … and while some of that can be expected given the initial news on
COVID, the darker truth is that Spicoli is 1) an idiot that people have just figured
out, and 2) maybe just maybe, the FED ain’t your friend anymore with the
“FED Put” … and since this market is sooooooooo overdue for a correction it’s
laughable, maybe the new COVID is simply the new catalyst for moves to the
downside for a while … what happens if all of 2022 is a “down market”? … OMG,
people will be jumping out windows! … oh the humanity!
Over in crypto land, “The Syndicate” UP APPROXIMATELY 0.3% on multiple
trades in ETH … some good scalps in a down market post NFP, where it bounced
hard off the then bottom … again, crypto with a very good “fingerprint” for scalp
success ... another grinder day.
Given the action this week to the downside, I’m satisfied with our results for both
the PAMM & “The Syndicate” … not an easy task to make money from the long
side of things when everything is melting down … I’d like to see a slight decline in
the bat shit craziness going on, but it’s anybody’s guess if that happens or it gets
even worse … in any event, we’ll be there for it and make money!
… outta here … “The future’s so bright I need sunglasses!! 😎
… Onward & Upward!!
-vegas
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