Dementia Joe in the U.S., Truss in the U.K., Macron in France, and the corrupt
Zelensky in his T-Shirt in Ukraine … all bereft of any ideas and totally absorbed
in politics nobody but nobody cares about … it’s a wonder financial markets can
even open without going to frickin’ ZERO! … TGIF … and all across the world
people will attempt to escape from the Hell of POLS & Apparatchiks Hellbent on
ruining their lives, if only for a couple of days before facing the reality of Monday
and the onslaught of more bullshit propaganda from the Ministry of Truth … the
thought that there are so many dumb asses out voting for Liars & Hypocrites that
intend at every turn to make your life miserable, and yet they still vote for them,
is truly mind blowing to me.
Yields this morning on the 10 YR. around 4.28%, thus putting a damper on about
everything except the dollar … USDJPY going north of 151, and it makes you
wonder just how ignorant, stupid, & ineffective humans can be at the BOJ before
something goes “snap / TILT”and specs get murdered with out of the blue
intervention … meanwhile, being short GBPUSD / CABLE is a daunting task if
you’re trading it … only if you’re willing to accept massive risk on short covering
rallies can you expect to gain, but what does that say about your risk
management? … it tells me you should be in Las Vegas if you find it appealing
… the problems you have on the short side are just as severe and worrisome as
being long … meanwhile over in “Stock Bellies” price languishes in the DOW30,
and oil is still stuck in the mid 80’s going nowhere fast with subdued ranges and
less than stellar VIX … sure, that can change in a second … but until it does,
there’s no reason to play here.
Today’s markets [err, slot machines]? … you want pure insanity, then you got your
wish … YEN intervention rumors followed by YEN intervention, then there’s the
“I know a guy who knows a guy” theory of trading floated by rumors of “Mr. FED”
at the WSJ who says in whispered tone that the FED is about ready to “PIVOT” on
rates … oil dead in the water, the DOW in la-la land with m1’s averaging close to
50 index points per m1, with blown out spread and of course MAX slippage
… effective trade rate, as best as I can guess is close to 7 - 10 index point, which
is pure stupidity … USDJPY with blown out spread and range and if you trade it
you need professional help … Cable almost as bad … this isn’t trading, this is
stupidity you don’t normally see except at inflection blow off points, e.g., the
great crash of ‘87, the 2008 GFC, or something similar … maybe once every
10 - 20 years … and it’s being driven by rumors of a FED PIVOT and helped by
OPEX today worth about $2 trillion … then, as if rumors need any help, here
comes a FED PIE HOLE saying the FED could easily over tighten … hint hint,
wink wink! … get ready for the great FED PIVOT coming soon, most likely
prompted by Biden demanding rising stocks into the midterms … what a
fucking joke.
Oil dead ... YEN an intervention disaster with blown out spread and slippage that
would make Vito Corleone blush ... the DOW30 as bad, if not worse than YEN with
an OPEX kicker just for shits & giggles, where since the open m1's are averaging
40+ index points, which is insane by any measure unless the index was above
100,000 ... finally neurotic Cable, where every trading day brings headline disaster
of some sort to either longs or shorts OR BOTH, and the VIX has become highly
inconsistent ... what a fine kettle of stinking fish to fill our bowl.
Sorry folks, I trade, I don’t gamble … this is gambling … and again, it’s either
“speed of light or crickets” with nothing in between … yesterday it was crickets,
then today in a heartbeat it became lightning strikes on the plains, trying to catch
lightning bolts … things moving so fast the bid/offer quotes are nothing but a hot
mess cruel joke and the scumbag LP’s can fill you anywhere they want … signals
galore today, but what good does it do to get a signal when it gets run to the upside
like its pants are on fire? … and in Cable, nothing syncing up on the algorithm cuz
the corrective moves either are too short in terms of time, or too fast in terms of
price blowing through the signal … and don’t even get me started on USDJPY,
where if you’re trading that you’re an idiot.
It’s not like there’s a small window for success here, cuz the algorithm models
price behavior with a 95% efficiency off all trading days, both shit days where
nothing happens and days like today that are in “The Twilight Zone” and VIX is
too high cuz conditions are bat shit crazy [BSC], thank you BOJ, Mr. FED, & FED
PIE HOLE Mary Daly … perhaps Daly’s hint at a “FED PIVOT” is to save the YEN,
something I suggested weeks ago … perhaps it’s legit, perhaps it’s bullshit … we’ll
find out at the next FED meeting … I thought BREXIT was bad in 2016 [it was]
… but this shit of musical chairs in British government and flip flops galore in
policy, along with a clueless and corrupt central bank, puts a cherry on top of a
GBPUSD / CABLE cupcake that is filled with C-4 … highly volatile and the most
unpredictable I’ve seen it in like forever! … quite frankly, I don’t think Cable can
continue with these 250+ PIP ranges without some kind of “TILT” in the system
… what that tilt might be I dunno … and you can thank the FX manipulators in FX
for all of this, for suppressing VIX since the EURCHF debale in January 2015
… and now that the FX Genie is out of the bottle, !) she ain’t going back in
anytime soon, and 2) she is really pissed off.
I came in today looking to trade the DOW30, but 40 + index point ranges, with
some approaching 100 points, is pure stupidity … you have to know the spread
is gonna get blown out and slippage will be eye watering to say the least, as LP’s
look to screw you blind cuz they can … there just isn’t any possible way to be
treated fairly in this hot mess, cuz your risk is far higher than you think, while
your gains are gonna get clipped with slippage … I do think, though, that
Monday should … SHOULD … be an excellent trading day, if history is any guide
at all … we’ll see ... no trades today in the PAMM, but now that the DOW30 is in the
mix, that will get rectified next week, no worries.
Blog update on Sunday … 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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