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Thursday, August 4, 2022

FED PIE HOLES VERSUS BTFD’ERS

 

“The Lion has a plan! … Hey, I think this might just work!”

It ain’t just the poor lion that can’t get a meal … from ZH yesterday, the link below

describing the JPM trading desks.


https://www.zerohedge.com/markets/jpm-trading-desk-frustration-everywhere-

traders-feel-they-cant-get-anything-right


Maybe tomorrow can bring some clarity with the NFP report … enough at least to

give us some good algorithm trades … sure ain’t gettin’ ‘em today.


The “Trading Ratio” [TR] actually pretty decent today in the DOW30, with most of

the readings around 8 - 10 … problem is, it ain’t going anywhere … quick spikes

up, then just as quick spikes down, leaving alligator parameters, even on the 10s

chart, a big bowl of spaghetti … not surprised really, the day before an important

NFP, but regardless there isn’t anything you can do with a 90 index point range

over 6+ hours, that’s nothing but a wicked “Flying Wedge of Death” [FWD]

… wrapped around price directional HULL EMA’s, like bacon wrapped around a

weenie … meh, welcome to “Stock Bellies”.


No trades today, cuz there’s nothing to do here … and if it does break out and

run? … well, if you’re on the wrong side of that, there’s no way you make it back

unless you get extremely lucky … “luck” is not a trading plan. So onto

tomorrow’s shitshow circus of made up numbers from the Math Whiz Kids at

the Dept. of Unicorns & Fairy Tales come 8:30 AM EST.


… outta here … “The future’s so bright I need 2 pairs of sunglasses 😎😎, and

my own Brinks armored truck” 💓!! … Onward & Upward!!


-vegas



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