Has the financial world always been this dysfunctional and we just kept our heads
in the sand cuz we didn’t see any cracks? … or is, “this time it’s different”, and we
are hurtling towards a crash that will change the world? … Just in FX alone,
almost every day brings headlines we haven’t seen in decades, and the panic
among POLS is palpable … worst year for “Stonks” evahhhhhhh … gold still
being manipulated lower by banker scum … and it seems like every day and
week brings larger ranges, more reversals, and faster & faster moves to trap the
unwary … I’m not at all sure the world can handle it, and when it finally cracks
and falls down, there will be nobody to put the system back together.
This week sees an OPEC+ meeting on Wednesday, and the usual leaks & whispers
are reporting cuts of 1 million barrels per day to stem the tide of lower oil prices
… we’ll see … meanwhile, “Stock Bellies” have moved under 3600 on the “Spoos”,
thus taking out long term support on the daily & weekly chart … although only
under 3600 by a few index points, it points out the tenuous nature of the “risk off”
attitude every time the 10 YR. Treasury note goes higher in yield, and makes you
wonder where Spicoli’s “PUT” lies in the grand scheme of things.
Directly below, the 20 Day Range MA’s for selected pairs.
Starting next week on Sunday, there will be some changes in regards to the 20
Day Range MA table … gone will be all of crypto except BTCUSD … in addition,
Natty Gas will be added, right along with WTI Crude Oil, and both will have two
values … 1) daily range, and 2) range in the New York session from 7 AM EST -
3 PM EST [14:00 - 22:00 Turnkey server time] … and what you’ll see, is that this
8 hour period consistently represents approximately 75% of the day’s range over
the other 16 hours in crude, and is consistently higher than that in Natty Gas,
where this week it’s about 90% of the day’s range … what this means, of course,
is that unless there is specific geopolitical news that either directly or indirectly
affects the energy complex, there’s no reason to get up early and watch paint dry
… come 7 AM, or very shortly thereafter, things will start moving … I’m not sure
yet, if I’ll trade Natty Gas, but at a minimum I’ll be following it … it has some of the
best m1 chart signals you’ll ever see.
Onto the week … 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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