Every time now “Stock Bellies” start rallying, ignited by hopes of a “Fed Pivot”
the entire world knows is coming, out come the FED PIE HOLES with “higher
rates for longer” mantra … in other words, the FED is capping rallies, or shorting
calls, however you want to look at it … which leads to my question … “Who died
and left these Lounge Lizards “Kings of finance”, that they can dictate stock
prices, in a supposedly free market economy”? … screwing ordinary Americans
since 1913, and now engineering a depression to “cure” an inflation problem they
created … more like creating a depression to save Japan from their stupidity
… beholden to Elites ONLY, they easily do the bidding against ordinary
Americans … END THE FED!
Here very early, “Stonks” extremely quiet ahead of today’s 10 AM EST ISM
numbers & factory orders … is “good news” good news anymore or is it bad
news? … or is bad news now good news cuz it might bring us closer to the
“Fed Pivot” on rate hikes? … we’ll soon find out.
Huh? … good news was bad news, then switched around to good news cuz
… cuz who knows? … Outside of activity surrounding the criminal NYSE open,
and the first half an hour of “scumbaggery & fuckery”, this is about as boring a
day as you’ll ever see … 3 steps up, and 2 back without any real upside action,
and for sure no downside action that mattered … just a sprinkling of very light
pullbacks in the 15 - 20 point area before starting the crawl higher … and this with
news implying higher rates than the market anticipates … Hell, the FED even
trotted out another PIE HOLE to point out that easing in Q1 2023 might be very,
very premature … didn’t matter, “Stock Bellies” didn’t care and at the moment
don’t care. [I’m pretty sure they’d care if we were long though!]
Since the open, the “Trading Ratio” [TR] for the DOW30 has been, to be kind, piss
poor … at times barely hanging onto a TR = 3, and at other times climbing slightly
over 3.5 … quite frankly, this isn’t gonna cut it … action today as bad as I’ve seen
it lately for the “Stock Bellies” … early on, I kept waiting for an extension of the
day’s range going lower … that never happened … once the open came and went,
it’s been nothing but a slow drift higher with no corrective breaks of any size or
scope to take advantage of for profit … in other words, a crap day times 5!
… nothing of importance on tap for tomorrow, and its NFP stupidity on Friday.
No trades today in the DOW30, simply cuz 1) the TR stunk the joint up, and
2) there were ZERO corrective moves lower that had any speed or sense of
liquidation to them that made them stand out and say, “yup, this is a short term
bottom” … in other words, a one-way ticket crawl higher over time … ughhhh!
… I want trading action, not a crawl to anywhere … cuz the problem with these
“crawls” is, when they end and there is some kind of fast correction, if you get
caught in it, you can’t make it back anytime soon … it most definitely is best to
wait for the corrective activity, and not get involved in the crawl, and then have
to pray there’s somebody dumber than you for buying a rally … in any event,
no big deal, as we find ourselves in August, wondering just how far this bear
market rally can go before reality sets in … until tomorrow.
… 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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