$40 BILLION DOLLARS for a corrupt, criminal government called Ukraine … you
can’t get baby formula for your infant child, but there are pallets of baby formula
for illegal immigrants crossing the border … some have to choose between filling
their gas tank up and eating, thanks “Taliban Joe” … but unaccounted BILLIONS
with ZERO oversight goes overseas, and POLS piss their pants when questioned
how that’s possible … those suffering cuz of Biden & his idiotic policies, is the
government helping you?
Meanwhile, a reprieve from the relentless selling and we’re into “dead cat bounce
Friday” … how far they [scumbag banks] can take this into next week is debatable,
but IMHO the pain isn’t over, especially in the bubble “Stock Bellies” & crypto … I
hope it doesn’t happen, but if it does, the next wicked trip down is likely to be a
real killer in terms of price destruction.
Looking at crude oil today, and while the day’s range here just after NOON EST is
about $4, this has been one of the worst, slow crawling trades I’ve seen … granted
it’s all relative, but for crude today was slooooow … and since the European open,
it’s been straight up the proverbial wall, with only one slight correction just after
the criminal, money laundering NYSE open … and since the NYSE open, crude
has done NADA! … I’m gonna have to wait until Monday to gauge whether or not
the PAMM can trade crude at Turnkey … the trade has really slowed down in the
last few hours, and unless we can get a break that allows for an algorithm buy
signal, this market is nothing more than heartburn, and has been for a few hours
… not totally unexpected for a Friday, but you’d think at some point this market
would correct some from 10+ hours ago … and as so often is the case, after long
moves during the day, when the correction comes, you don’t want it anymore
… crude dropping about 75 cents per barrel, and in fact sending the trading
algorithm into “sell mode” … well, can’t buy that, and with the close less than
2 hours away, it’s time to call it a week … crude can wait ‘til Monday … no trades
today in anything, crude giving just one buy signal that got blown through
“el quicko”, literally 20+ cents within a couple of seconds … with the world
literally melting down and bubbles bursting in many financial markets, crude
hangs up here above $100+ per barrel, and every time somebody tries to break it,
figuring world demand has got to go lower with all of the economic problems, it
comes right back very fast & furious … 2 things to note … 1) somebody is
stockpiling crude in tremendous quantities [China most likely], and 2) world
supply is much worse than previously thought, especially in gas & diesel
… crude oi is a ticking time bomb for higher prices! … we’ll see.
Blog update on Sunday … outta here … “The future’s so bright I need
sunglasses”!! 😎😎 … Onward & Upward!!
-vegas
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