Welcome to “meat grinder” August, where market narratives change quicker
than a woman changing shoes … now that the bogus CPI official narrative is in,
look for 1) FED PIE HOLES continuing to “blah blah, yada yada” rate hikes while
nobody cares, and 2) 3 steps up and 2 back for every market that frustrates the
living shit out of both longs and shorts, with the obligatory spikes from Hell [up &
down] that go nowhere but clean out the order books … in other words, scumbag
LP bank heaven, where they can “spoof” futures to their heart’s content, all the
while front running orders with their ILLEGAL OFFSHORE PROP ACCOUNTS
cleaning up … natch, according to the banks, the “natural order of things”.
Overnight very slow and non eventful … “Trading Ratios” [TR] coming into the
New York session here at sunup EST, not even 3, but scraping the bottom of the
barrel in the low 2’s for both gold & DOW30 … hopefully, things pick up, but you
simply can’t trade any market with TR’s this low and expect to make money, cuz
it ain’t happening … PPI on the docket for today at 08:30 AM EST, but does
anybody care? … unless it’s a huge sigma miss to the upside [not likely], it’ll be
ignored cuz the “peak inflation” narrative has taken over for the time being, and
markets got to be shoved higher … and the “pain trade” continues unabated
… how many more ZH articles from the likes of Squid & JPM, to name just a few,
hollering that their clients are frustrated to the MAX cuz they can’t get back into
“Stonks” without buying the top, convinced that once they do the bear market
continues and leaves them holding the proverbial bag of high priced dog poo,
and it convinces them they are the biggest “Chumps” [a/k/a “Muppets”] the
world has ever seen? … and so the “grind” higher, helped along by the usual
suspects that make it even more painful when they come to screw with your
account … quite frankly, I wouldn’t be surprised to see ATH’s in the
“Stock Bellies” by Christmas!
Can we ever get away from this horseshit of “speed of light … crickets”? … is it
just my imagination, or are we getting this almost every single day? … again
today, with the PPI, just completely bat shit crazy [BSC], and you’d think inflation
was ZERO given the FOMO panic to buy anything that’s a “Stonk” … spikes from
Hell [up & down] now a “du jour” occurrence, with many easily exceeding 40+
index points in microseconds … and that’s a clear recipe for 100%
“scumbaggery & fuckery” from the scumbag LP’s, where they use the
“plausible deniability” of market conditions to screw anybody who pushes a
button on the order ticket … this isn’t trading, this is simply roulette … “oh, so
sorry for your loss … please come again!”
Meanwhile over in gold, that market doing a great impersonation of life inside
the county morgue … in other words, DEAD! … quite frankly until the narrative
of “peak inflation” changes, gold is gonna find it tough sledding, IMHO, breaking
through 1800 with any conviction … the bullion dealers are quite content to see
you bang your head against the wall buying when it’s going nowhere fast … they
just wait you out, and then when the buying dries up, be the first to offer it lower
where you’ll sell it to them … in other words, the “Comex Con Game” … gold will
have its moments, but right now ain’t one of ‘em … drifting lower now, and rallies
have no “oomph” to them at all … looks like the 1770’s [or lower] here we come.
And now that the London Fix is out of the way and Europe is closed for the day,
time for another “screw job” from the virus scum on Wall Street, where almost to
the second after the Fix was finished, the DOW30 headed lower in earnest
… having sucked in every CTA [Commodity Trading Advisor] & FOMO spec on
the planet with their respective buy signals getting hit off, now comes the
“awakening” of what happens to positioned Longs when SHTF after a way over
extended runup … “yes Skippy, you bought the top … congrats!”
And as I have said before repeatedly, it isn’t the gains in the DOW30 that’s the
problem, it’s the red spikes down … you simply got no idea where they are
headed, and if you have to sell on a red spike lower, I’ll be hearing your scream
over the horizon as it hits the Caribbean … and you won’t at all like the fill from
the scumbag LP, where the dirty little secret is they can fill you wherever they
want, they don’t have to be “on the market”, and quite frankly aren’t! … and when
you get this “speed of light … crickets” bullshit, it invites spikes from Hell as a
matter of course, cuz everybody is scared to death of selling a big red spike
down, so in effect it becomes a self fulfilling prophecy … and so far today just in
the morning of New York, there have been a boatload of spikes OVER 30+ index
points in literally microseconds … how’s that for slippage Skippy? … 4 seconds
later it’s 20+ lower and now what? … and it starts with these BSC “lightning
strikes” and proceeds from there … well, now that everybody in the positioned
world is long “Stock Bellies” going into the New York afternoon with the
criminals at Squid, JPM, and the other assorted virus scum of Wall Street, it
could get a little dicey if price starts to leak water from the 33,450 level on the
DOW30 … sell stops galore, which a few hours earlier nobody thought it was
possible they would be in play, now suddenly are in play … gosh, those nice
fellas at JPM surely wouldn’t go after sell stops this afternoon would they?
… Bwahahaha! … of course, given the chance, I guarantee they will lead
the charge!
And since the London Fix, DOW30 rallies have suddenly become vastly muted
in scope and duration … just another “coincidence” I’m sure … no “oomph” to
buy signals, the HULL 100EMA sloped lower, and it looks for now like longs could
be in for some trouble going forward to the close … we’ll see, but when the HULL
100EMA is sloping lower, you have got to be really careful about buy signals in
the DOW30, cuz the turn back lower can be fast and vicious, easily wiping out
any gains within literal seconds … and after this runup over the last 2 - 3 weeks,
the sell stops at lower levels could get very mean and nasty in the days ahead
… not predictin’, just sayin’! … and if the ball gets rollin’ lower after 2:30 PM EST
today, the potential for “look out below” becomes greater and greater as longs
panic to GTFO.
And while we hang here at the 33450 - 33500 level in the DOW30, you have to
understand the mindset of those wanting to see price lower … if they take it lower
too quickly, the BTFD’ers will come in, but if they wait until the last 90 minutes to
the close, or even closer than that like the last hour, the BTFD’ers won’t come in
cuz there’s no time left in the day … the logistics right now here at about 1 PM
EST, simply stink for a higher price … meanwhile gold is DEAD … “stick a fork
in it Jim, it’s DEAD!”
Anybody else notice how “Stock Bellies” price action simply evaporates once
Europe closes, where once again it’s mindless drift run by the Wall Street bank
scammers? … BSC to “snoozefest” so fast it takes my breath away, and
anybody caught in any of these C-4 price explosions from earlier, has nowhere
to go … if I didn’t know better, I’d say it was preplanned, but gosh I don’t want to
elevate “conspiracy theories” against scumbag banks who are known criminals
for their precious metals shenanigans … oh wait, the link below.
https://www.zerohedge.com/commodities/jpmorgan-precious-metal-traders-
found-guilty-spoofing-had-power-manipulate-global-price
Again, like previous days, cuz of the “speed of light … crickets” bullshit we have
to deal with that robs markets of proper functioning, today only sees one decent
algorithm buy signal in the DOW30 … TURNKEY PAMM UP FRACTIONALLY
… nothing like getting bent over a railing out back and getting robbed, mugged,
and then raped by some scumbag LP Turnkey uses … with the usual 3 index
point spread, entry got tagged an additional 3 index points of slippage, and after
the market had rallied to 22 [on it’s way UP to 26], my liquidation fill ON A GREEN
SPIKE UP, got filled at 14, for a nice 8 index point thrashing on pure bullshit
thievery … and therefore a halfway decent scalp turned to dog shit, thank you
very much crooks & thieves … blistering Turnkey’s ears, they could care less
… and so once again, after seeing this, I’m not in the mood to entertain further
scalps given these conditions … why would anybody in their right mind agree
to this, and/or think this is normal? … sure, I’m here to make money and trade
for the PAMM, but WTF is anybody supposed to do when you get held up at
gunpoint? …come back for more? … umm no, wait for better conditions, at a
minimum where this horseshit of “speed of light … crickets” is absent … and
that sure as Hell ain’t today … and sure, gold is an option, but it’s playing DEAD
today, so there isn’t anything to be gained over in that market.
Put the “big girl panties” on and hold to discipline & patience, is all that can be
properly done … not every day is like this bullshit … too many to be sure lately,
what with central banks, NFP idiocy, and now inflation numbers, but that’s what
is required to deal with in the “Stock Bellies” paradigm … water under the
bridge, onto tomorrow.
… outta here … “The future’s so bright I need 2 pairs of sunglasses 😎😎, and
my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
No comments:
Post a Comment