THE PAIN TRADE IS ALIVE & WELL

 

“Waiting for the manipulators is never easy!”

The saga continues … this dog poo [a/k/a “Stock Bellies”] will simply not go

down … good news, bad news, no news, it doesn’t matter, the corporate

buyback scam artists are back, and specs are piling into another FOMO, panic

driven buying spree come Hell or high water … FED PIE HOLES are sent out daily

now into the financial MSM warning about higher & higher rates, but nobody is

listening … the theory as best as I can make it is, “go ahead and raise rates

aggressively, that just means you’re that much closer to the “pivot” back to QE

and good times! … create a depression, that’s great! … that means rates will

tumble and I’m already long”! … and the more the PIE HOLES talk, the more

specs buy, and the pain trade simply continues.

The Monday after an NFP is a notoriously slow news day, with nothing on the

docket anywhere … no econ stats, no FED PIE HOLES speaking for chicken

dinners & outrageous speaking fees … just nothing … so it makes you wonder

how Turnkey’s THIEVING, SCUMBAG LP’S can keep a straight face with a 3 index

point spread in the DOW30, with an occasional 4 point print just to really piss

you off … cuz quite frankly, at those spreads, the “Trading Ratio” [TR] goes

below 3, and that’s not good, not good at all … on a nothing day, what a bunch of

scumbags … Friday was no picnic either, cuz we had the same thing there as well

… it gives me thought to maybe the DOW30 can’t be traded at Turnkey, with the

2 point index spread simply another “bait & switch” ploy we see occasionally from

these assholes, which they are infamous for … as for the “Spoos” & NDX100,

fugetaboutit! … these are rip off markets at Turnkey, with either notoriously high

spread & outrageous slippage [the “Spoos”], or simply outrageous slippage

guaranteed [NDX100].

And gosh, file this under “this never happens” … right at the London Fix, FX

pairs hit their high for the day, and the DOW30 hits its high as well … Europe

closes, and it’s “Thelma & Louise” within seconds, as the DOW30 tears lower by

over 200 index points straight down … see my shocked face, as the manipulators

screw Europe yet again.

One market I’d like to highlight today is gold … yes gold; warts, pimples and all

… lately, ranges have been decent [around $25], trends intraday have been well

defined, and most importantly the spread is back in the 20’s [cents] for most of the

European day to the London Fix … after that, the spread tends to climb some,

sometimes just pennies but other times a dime or more … when it comes to the TR,

gold is different than other markets cuz of the way it’s priced and the spread

… mostly hanging around 3, give or take a hair, but rarely going above 4, and

when it does go above 4+, it usually means there’s some wicked upside and/or

downside action in the cards [usually the downside] … as long as the Asian

session isn’t blown to shit from a range perspective, most of the movement is

gonna come mid morning Europe to the London close [about 5 AM to 11 AM EST],

although strong moves will continue through to the New York afternoon once in a

while … the key here, though, is the spread … if it can stay around 25 cents, it is

a decent trading market using the Netdania 10s charts via alligator for signals

… make sure the alligator parameter signals aren’t “clustered or cluttered”, but

spaced … I would also just use the HULL EMA 100 period as a directional

indicator on the MT4 m1 chart … when it’s sloping lower scalp, when it slopes

higher you have more flexibility to hang on cuz the “wind” is at your back … use

spikes in your profit direction to liquidate, which for me is LONG … I’m not

interested in shorting gold, but if you desire be my guest … it’s back in the

PAMM for now for trading, let’s see how it acts for us.

Given all of the interest rate hikes so far by the Lounge Lizards, with more to

come, gold has been remarkably resilient in the face of aggressively higher

rates … and if they keep hiking? … around the corner comes the depression,

followed by hyperinflation … the market is far ahead of the Dopes in the Eccles

Building.

Now into the New York afternoon, and what a difference a couple of hours

makes … specs FOMO, now they got no place to go … at least so far, the DOW30

rallies can’t hold now … the key event for markets is Wednesday’s CPI, where

everybody is looking for lower inflation numbers … tomorrow has the potential

to be a “snoozefest”, but we’ll see.

One algorithm buy signal in the DOW30 today … TURNKEY PAMM UP SLIGHTLY

… finally got a decent signal off of a break around 11:30 AM EST, but that’s the

only one … as per usual, the NYSE open is nothing more than a criminal

enterprise with attendant money laundering, so unless you like to play roulette,

the first 15 - 20 minutes of the cash day is simply a gamble … what a frickin’ joke

… not very happy with my entry fill, but the liquidation fill was OK … I guess the

scumbag LP decided to give me a break since the mugging, robbery, & rape on

the entry … gee, thanks fellas, what a deal! … if tomorrow’s trading conditions

in the DOW30 stay like today, I’ll be switching over to gold early on … I don’t like

getting ripped off, especially when there is no reason for it other than scumbag

LP GREED … so, we’ll see what tomorrow brings.

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

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

-vegas