“The FED guides markets! … your day maybe just got a little worse!”
What could possibly go wrong in this chopfest of bullshit, one day before Spicoli
does J-Hole … outhouse meet overpass, meet your convertible, and you’re
covered in FED shit from which there is no escape … “a little song, a little dance,
a little seltzer down your pants” is coming our way, in which at some point during
his lengthy oratory he’ll attempt to placate everybody, both bull and bear, and
give everyone fodder for their case for any market … that he’s completely full
of shit and knows less than ZERO is a given, but “Muppets” need guidance from
authoritarian figures with worthless Ivy League degrees hanging from their belt,
so here ya go … “Dr. Goebbels please pick up the white courtesy phone!”
Of course, once he’s done nobody will remember what he said exactly 5 minutes
later, and that’s the point … government demands walking & talking useless
woke salad bullshit for hours on end … just look at Biden if you need a primer
… but until tomorrow, unfortunately we got today … a no volume, 7-11 liquidity
driven POS only a scumbag LP banker could love … good grief what a hot mess,
sitting at 2 PM where it was at roughly 5:30 AM hours ago … “Trading Ratio” [TR]
most of the morning so far LESS THAN 3 in Cable, roughly about 2.5, which
stinks, and I’d be shocked if it gets much better for the rest of the day
… why should it?
Well looky here, another set of reversals [this time in EURUSD] … who’s
surprised? … can new highs be next in an hour or two? … as I’ve said previously,
there aren’t any rules anymore, no matter the day or the circumstances … you got
to play with the “wind at your back” or they will carry you out toes up! … EURUSD
worse than Cable if that’s any consolation, but both look sick, and quite frankly
with the entire world short, as we’ve seen with some of these blitzkrieg rallies, the
moves up can be wicked “el quicko mucho” as the shorts panic.
They should have just closed all of this crap today and let everybody go to the
beach … nothing here but bank “scumbaggery & fuckery” with ZILCH volumes
and even less liquidity … and quite frankly, with a TR decidedly below 3, this isn’t
worth pursuing cuz it will only hurt you … the bank will see to that … Spicoli
starts speaking early out in Wyoming [J-Hole just across the Idaho border],
10 AM EST … until then it’s a waste of time, but don’t be surprised to start seeing
moves within an hour of him speaking, as leakers need extra income as well
… onto the Lounge Lizard Clusterfark!
Again, crude oil can wait to the weekend blog update on Sunday … more time
then for me to lay out the case for crude “at times” … No trades today for the
PAMM cuz trading conditions were / are terrible in GBPUSD the entire day, with
TR’s below 3 … as I write at NOON EST, the TR in Cable is 2.9 - 3.2, “if” your
trade gets very minimal slippage … onto tomorrow.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses ππ,
and my own Brinks armored truck” π!! … Onward & Upward!!
-vegas
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