As the “Clown College”” [a/k/a the U.S. House of Retards] continues to squabble
over whether or not a pure RINO takes control, becomes Speaker, and then
screws the Idiots over who voted for him, the Lounge Lizards make clear today
rates are going higher for longer … they want a depression, and they’re gonna
get one! … where ADP gets these job numbers is beyond me, as Amazon
headlines massive firings and layoffs … another month of falling real wages
… thanks “Taliban Joe”! … and tomorrow we get more “fake jobs”, as the math
whiz kids at the Department of Unicorns & Fairy Tales come in with NFP … oh
fun, oh joy!
Third day in a row gold in the Asian session goes wild, and the result is when
New York gets around to trading is a pure reversal or stalemate … today we get
the reversal and once sell stoops are ripped apart on the downside, it’s stalemate
… some market, huh? … better than the “Spoos”, though, which can’t decide if
good news is good news or it’s bad news, and so it waffles around in wicked
chop inside a shit range in New York since the criminal NYSE open … the only
good news? … the scumbag LP’s haven’t blown spreads out [yet], so I’ll grab that
straw and run with it … NOON EST and it’s a circus shitshow in more ways than
one … meanwhile, crude oil has decided to stop going down for now, so it’s joined
the chop parade … great, 3 markets that have turned into shit … welcome to 2023
everybody.
One good aside from today’s shitshow in price action, specifically the SP500
[“Spoos”], since the NYSE open this is the first day where VIX is very low … we’re
over 4+ hours into this hot mess with a very substandard approximate 20 index
point range … more like 15 but nevertheless … question is, does the version 2
trading algorithm capture algorithm signal trades without a bunch of “false
positives”? … and the answer is yes … saw it like this in the Holiday trading
period, but didn’t trust it cuz it was the Holiday period … now into regular trading
in the new year, it exceeds my expectations … going forward, as long as the
spread stays stable around 0.5 index points and I’m not experiencing bullshit
slippage, I’ll trade the “Spoos” heavily.
No doubt after some phone calls from trading desks at JPM, Squid, and others,
the FED sends out PIE HOLE Bullard to save stocks for the moment, and we get
a 4 minute panic FOMO gamma buying burst in the “Spoos”, starting at 20:20
server time [1:20 PM EST] … what bullshit, like this guy has any fucking clue
about inflation … the overt manipulation here to benefit banks ought to outrage
everybody, but as long as it props stocks and by extension 401(k) holdings, who’s
gonna riot over this? … just another raid on shorts, welcome to the club … notice,
his comments come right as the “Spoos” are about to hit a new low for the day
… like I said, I guess the banks are long and need to offload so they send out this
Assclown … mission accomplished!
Only one algorithm buy signal today and that was in gold before “Stock Bellies”
opened … PAMM UP SLIGHTLY … the trade came on a nice signal in gold
… although ranges have been exceptional this shortened week, every day so far
has seen nothing but constant selling, with sporadic bursts of short covering, in
the New York session … over in the “Spoos”, today I monitored trading action
when it became apparent it was nothing but chop … of course, things can change
in a heartbeat, but it didn’t … here we are late in the day, and we’re still inside a
shit range, notwithstanding comments from the FED PIE HOLE … you can scalp
the “Spoos” if VIX is low … the same can’t be said for gold … gold is great for day
trading when VIX is present, but put gold in the “Spoos” shoes today and it’s a
bucket of shit, where the spread + some slippage will eat you alive … the bullion
dealers ain’t gonna let you scalp it like you can the “Spoos” … of course, in order
to do that we need a decent spread and little to ZERO slippage on fills, along with
a decent “Trading Ratio” [TR] of 3 or higher … even today we had a TR > 3, so
despite it going nowhere, the m1’s still moved enough to generate decent
algorithm signals and potential trades … so far so good from Coinexx … and
while I’m quick to criticize when warranted, they deserve credit when they get
it right … so far, they’ve gotten it right … onto tomorrows shitfest and NFP at
8:30 AM EST for more fun and games on a Friday … long live the “Spoos”!
… 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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