JUST ANOTHER DAY IN “STOCK BELLIES” PARADISE

 

“What a coincidence! … looks just like a normal SP500 m1 chart!!”

Another day of market manipulation dead ahead of us, inside “The Twilight Zone”

[TZ] … what wonders of 0DTE options “scumbaggery & fuckery” is in store for us

today? … first pump then dump, or first dump then pump? … we’ve had 4 days in

a row of “pump” out of the criminal NYSE gate, followed by the obligatory

“dump” that comes soon after … and how many reversals today? … pretty soon

there will be a financial derivative index based on reversals … a derivative based

on another derivative, based on who can “pump & dump” the hardest & fastest,

followed soon thereafter with options on that shit where nobody would believe

it’s possible until they list it … the casino never sleeps!

Still a few hours until the criminal, money laundering NYSE open, and already

“Stock Bellies” have completed their first reversal … what’s the “over/under” line

bet in Las Vegas, err I mean Chicago? … I’m guessing it would be 2 ½ … it’s

incredulous to me that anybody in Europe and/or Asia would trade in the off

hours, knowing full well the horseshit that goes on during New York hours

… what’s the point in taking any position? … a gaggle of useless & worthless

econ stats today, which I’m sure will catch somebody’s eye in power to either

justify the “pump” or the “dump”, whichever is happening between 9:45 AM

EST - 10 AM EST … the math whiz kids in government working overtime to insure

MAX propaganda appeal to the masses, so that they don’t look to close at what’s

really going on, and instead focus on “bread & circuses”, and stay dumbed down

forever.

Even though it’s still early, the “Pump Monkeys” are at it again, pushing prices

higher … you know, cuz everything is so F-ing awesome in world economies, and

people are flush with cash, eager to invest in the casino … yea, right … how long

will it take to hit a new low for the day … where’s the CFD for that? … better yet,

where’s the 0DTE option for that?

Turning to today’s circus shitshow, all you can do is laugh … that new high only

took 2 hours and 3 minutes [right at the criminal NYSE open] to go to a new low for

the day by a few index points, before the ignition / liftoff of call buying [0DTE natch,

what else is there?] again started a mini melt-up from dealer hedging delta &

gamma risk … and since then, you’d be hard pressed to find a more pathetic day

of “Stock Bellies” action than today … classic bear market action, where it’s grind,

grind, grind some more lower, followed by rip your face off rallies out of nowhere

in seconds and/or minutes that take a lot of the decline away, and then it’s back

to the same old shit of grind lower some more, until next time … longs sell out at

the lows, shorts pay up and get screwed buying the vicious rally … all inside a

pathetically very low range … get on the wrong side of this shit, and the yo-yo will

make mincemeat out of your account.

Just past NOON EST, and it’s hard to believe ranges are as horrendously shitty as

they are … since the open, DOW30 about 200 index points, with a lot of that

coming right out of the gate … apparently, the Chipmunks forgot to buy today!

… SP500 about 18 index points [utterly laughable], and the NDX100 about 80

index points … and when you’re into the New York afternoon and shit is drifting

and the bids / offers really going nowhere, you wonder what kind of fun and

games do these assholes have in store for us later in the day towards the close?

Meanwhile, Cable/Yen gets the shit whomped out of it, “Thelma & Louise” style,

on supposed month end dollar flows and general uneasiness over the N. Ireland

deal … went up quick, and came down even quicker … gee, nothing suspicious

here, amirite or amirite?

Moving back to “Stock Bellies”, and looking at the daily chart, you can see VIX

dropping like a stone in water … unless the FED changes their tune [unlikely], it’s

hard to make a case for higher prices, and all of the “Stock Bellies” are standing

at the edge of a technical abyss … if it gets pushed over the edge, we could go

down quickly … and if it starts to leak water in late afternoon, that’s when you

have to be extra cautious about being long … so far, outside of short covering

bursts, there hasn’t been a lot to cheer about in term of price or trend … again,

classic bear market action … wear down any enthusiasm into capitulation and the

thought none of this shit can ever rally ever again … ever! … and that’ll be the

bottom.

Today so far, an inside day of an inside day, inside of Friday’s range … how much

more pathetic can this stuff get? … sure, I’m looking for algorithm trades, but as I

said the other day, who in their right mind wants to be in a position for 20+

minutes to make a handful of index points? … yea, with 10 * the index, you can do

that and it still makes partial sense, but at 1 * the index it makes ZERO sense, not

to mention the fact that the logistics of the trade means you gotta do volume at

COINEXX, something in there CFD’s I am not prepared to do cuz it means getting

ripped off ‘bigly & yuge” on off market fills that will blow the blood vessels in my

head clean off into space … as things stand right now, this is the 17th day in a

row the “Spoos” will not hit their 20 Day Range MA, and the next 2 days will see

big market days come off the average … when normal ranges come back, trading

either the DOW30 OR THE NDX100 makes sense for the PAMM.

See my shocked face that is shockingly shocked … “Spoos” and the penny tech

stocks of NDX100 just made a new high for the day! … Bwahahahaha! … well,

there goes the over at 2 ½ in the NDX100 at SIMPLE FX, where the Mrs. & Miss

Gimpy are trading … almost made it at Coinexx but they missed by a couple of

index points … the sheer stupidity of this is striking … it’s like large fund

managers have discovered a perpetual motion machine in 0DTE options … just

spend “chump change” on puts, calls, OR BOTH [a few million in premium] and

watch the dealers who sold it to you scurry like rats leaving a sinking ship, and

do the dirty work of making it rally or drop … you just have to wonder how long

this idiocy will last before the entire system goes “TILT”! … and of course, the

respective hi or low once achieved, sees no follow through whatsoever cuz now

it’s time to take it the other direction with a fresh batch of new calls and/or puts

… how does rinse & repeat sound? … as a result of all of this chicanery, there is

no movement up/down, followed by corrective activity and then the move

resumes … Nope, that’s so old last decade ago … now it’s move, run stops, turn

on a dime and go for the other sides hi or low, whichever is in play at the moment

and simply rinse and repeat over 6 hours or so … welcome to the casino, and the

quicker it happens the better!

And through all of this bullshit, what’s left in the dust is the fact that if you’re

wrong on your trade, most likely you ain’t gonna have a chance to get out at a

place of your choosing cuz it’s not trading, it’s just lurching on dealer buying or

selling … how do you like your one-way street trading action? … and when it all

happens inside of sickly ranges that are piss poor and I’m being nice, the worse it

becomes for traders cuz you’re that much closer to the high or low and either

additional buying or selling that adds to your woes of having to liquidate … and

lately, it turns around from there and burns your donkey and pisses you off even

more … it’s a collective response … the large fund managers know you better

than you know yourself … ditto the dealer community … and once they get under

your skin or inside your head, there’s no way you win … welcome to the new

bullshit trading paradigm of 0DTE options for “Stock Bellies” … and quite frankly,

it’s here to stay!, and ain’t going away anytime soon … there’s always some kind

of evolution going on in the trading universe … this one is not welcome, but

there’s too much money involved for it to go away … at some point, it’s gonna

come back and bite Wall Street in the ass “bigly & yuge” … don’t know when, and

it might take a while, but it’s inevitable.

All day today I’ve been looking for algorithm buy signals that make sense … and

while the algorithm is spot on with modeling, it’s not a decent risk / reward to

hang on and pray minute-after-minute and you can’t even get out of the stinkin’

spread, or you make just a few index points …. Plenty of those today, and the only

thing that will make this shit go away is increased NYSE ranges and VIX … and we

sure as Hell ain’t seein’ that … quite frankly, with about 2 hours to the close,

everything is about 50% under its respective New York 20 Day Range MA’s, and

this is utterly pathetic and embarrassing … no trades today for the PAMM, simply

cuz there isn’t anything to do inside a double inside day with nothing but chop,

and the obligatory panic that comes with the 0DTE options trades that set off the

dealer community on a panic roller coaster … of course this is bullshit, but there

isn’t anything I can do about it unless I had about 10 billion under management

… the Mrs. already turned over the furniture and found all of the billions hiding in

the cushions and left ZIP for me! … so, we take the bad with the good and move

onto tomorrow.

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

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

-vegas

PAIN TRADES

 

“Not necessarily financial … definitely emotional!!”

More bullshit than you’ll find in the world's biggest stockyard … we start another

Monday with drift & chop, soon to be followed by the “scumbaggery & fuckery”

of the “Stock Bellies”, and those who feel the need to move billions around the

table … and we start the day off with more worthless econ numbers from math

whiz kids over at the Department of Unicorns & Fairy Tales, and that ignites

“Stock Bellies” to the upside, cuz as we all know when the U.S. economy tanks

and goes down the shitter, that’s bullish for “Stonks” cuz that maybe means

interest rates won’t climb any higher … bad news is good news, but more to the

point, any news is good enough to start the chain reaction of the moneyed class

and their addiction to 0DTE OPTIONS and the massive screwing of the retail

Specs, along with dealers who sell OTM puts & calls to large hedge funds

…. The casino is now open, place your roulette bets please! … and with shorts

now fully panicked, and the criminal NYSE open ahead of us, expect a full

throttled, orgasmic assault higher to feed the idiot Chipmunks at the open with

their “buy at the market” orders they place every single fucking day without fail!

… “nice manipulation work if you can get it!”

Meanwhile, GBPJPY can’t even achieve an actionable “Trading Ratio” [TR] above

3 … simply pathetic, but whaddaya gonna do when it doesn’t wanna play?

… EASY Peezee, LEAVE IT THE HELL ALONE … unless something changes here

real quick, it looks like we take the good with the bad in the DOW30 … sure as

Hell ain’t getting anything from FX today, that’s for sure … then I see news

involving Cable, and the old BREXIT horseshit surrounding Northern Ireland

… and folks, I want no part of this shit whatsoever … this guy says this, that guy

says that … POLS & Apparatchiks lining up for some mistress funding at Spec

expense … no way I’m touching anything Cable while this goes on and is part of

the FX narrative, simply cuz it’s trouble with a Capital “T” … therefore, onto the

shitshow circus of the “Stock Bellies”, and from the looks of things here

pre-open, it should be one good circus show over the remaining part of the day

… “don’t forget to redeem your FREE lunch buffet, courtesy of the FED, and

welcome to the casino!”

Not much of a feeding frenzy you can attribute to the Chipmunks, but it appears

somebody lit the fire in “Stock Bellies” about 30 minutes into cash trading … off

to the races straight up … and then when it turns there’s nothing left but

heartache, cuz it doesn’t “trade” anymore, it just lurches between large 0DTE

options expirations that expire in hours … as I laid out yesterday, dealers who sell

this premium got to stay delta & gamma neutral, and poor gas on a lit fire doing

so … and when it’s over, there’s no buying only selling, and most likely a large

put option buy done near the top painted the tape … and so here at NOON EST,

it’s been straight down from the top, with the HAS indicator of the trading

algorithm showing pink/red the entire time [sell mode] … with the 10 YR.

Treasury hanging just below 4%, this isn’t good news for any of the

“Stock Bellies” indices, but especially bad news for the NDX100 … rising interest

rates are never good for tech stocks.

Quite frankly, the M.O. of these large funds who spike price higher right after the

open, is quite obvious … let’s get the potential “buy fuel” out of the way and

force those who either need or want to buy, and force them to act … that buying

along with dealer options bullshit is the perfect scenario for a fund who needs or

wants to sell billions of dollars in stock, but needs the Spec public to buy

alongside the dealer community … it will have the volume and liquidity they need

to get trades off in size without suffering dealer slippage and other bullshit … in

other words, they know what the Hell they’re doing, and they do it early to force

hands into the game … well now what? … we’re in a rising interest rate

environment made worse by the Lounge Lizards at the FED, who are supporting

a lid on stock prices … in other words, a bear market, or if you prefer in the back

“6” of the “88/6/6” paradigm … the pros know rallies that come early will be sold,

and in classic bear market trading action, rallies are vicious and fast, but they

fizzle out quickly and price either walks down the hill or drifts unmercifully

… which is just what they want ‘til next time! … today another perfect example.

Looking at the DOW30 for algorithm trades, we can’t even get the index on the

blue side of the HAS indicator, and even if it does, where’s the strength to take

it higher? … some of the worst and most pathetic rallies you’ll ever see, you’re

witnessing now in “Stock Bellies” … finally, the realization by the trade that the

FED isn’t gonna pause or pivot anytime soon, so outside of short covering, where

does the “buy fuel” come from? … granted, sometimes the short covering is

sufficient to get a decent rally, but it doesn’t make much sense to risk 50 index

points on a red spike down, for a measly gain or MAYBE 10 - 15 index points to

the upside that can take many more minutes to achieve than what it takes to

take it away from you on the downside … “sorry market, you’re gonna need to

do better than that!”

That isn’t to say you can’t scalp the “Spoos” or the NDX100, but you are gonna

have to do it where the house has the CFD at either 10 * the index [SIMPLE FX],

or 100 * the index [CedarFX] … Coinexx at 1 * the index isn’t gonna cut it, simply

cuz trade volume size is gonna lead to horrendous slippage off the market.

Even though this weeks 20 Day Range MA’s show “Stock Bellies” holding their

values, the “Spoos” in particular with today’s action, are looking at 16 days in a

row of price ranges that are under the 20 Day Range MA … 3 big days of over 80+

in the index comes off the average this week, meaning unless something starts

trading this pile of shit, come this Sunday the values are gonna take a big hit

downward … again, classic bear market action, where it’s grind and drift lower

for what seems like forever and then spike viciously higher “el mucho quicko”,

and nothing in between … shorts get killed on the spikes higher, and longs get

bled to death and end up selling near lows … the back “6” is a B.I. Itch to make

money in, and your goal has to be not to get whacked … being long is no easy

task, and being short is no picnic either … and through it all, the scumbag LP’s

are there to make sure they screw us as hard as they can without

getting indicted.

We absolutely need better up/down trading action … being in the DOW30 for 30

minutes so you can make 10 index points is bullshit, especially when we’ve

already seen today numerous m1’s with 40+ index point ranges … and the reason

I’m not trading it is simple … the risk reward STINKS, and the TR’s are barely

above 3, telling me there isn’t anything here anybody wants a part of, except

large funds and the scumbag dealer community … you get caught in one of

these tsunamis where the short term trend changes, and you’re liquidating right

into what hurts you, and trust me, they will hurt you, cuz they don’t have to be

fair and honest and they can fill you anywhere the fuck they want to!

Granted it’s Monday, and for what seems like forever Monday’s have been total

shit when it comes to price action … quite frankly, although it can handle the low

levels of VIX, the v2 trading algorithm isn’t designed for very low VIX trading

environments … the reasons are twofold … 1) volumes will be misleading and

inconsistent, and 2) price gains will be very skimpy while any “false positives”

leading to a loss in a trade will come on a short term trend change and not be

bound by the same conditions as profits … so looking at another day where the

“Spoos” have a 30-ish index point NYSE range, and the DOW30 is barely above

300 index points, but closer to 225 cuz of the price rips, the trading action simply

isn’t here like it should be … like I said, you can get away with it if you’re at a

house that has 10 or 100 times the index for 1 lot volumes, but it isn’t gonna fly

with outfits like COINEXX who are at 1 times the index … without the Northern

Ireland clusterfark, Cable/Yen would have been a disaster today … in addition

FX has month end flows to deal with, which can often be ugly as Hell for price

… gold and crude oil ain’t even in the discussion, as both are “dead money”

markets … those 2 markets are simply total disasters, with much lower ranges,

much lower volumes, but the same high spreads & slippage … yea, what a deal!

I’m more than a little disappointed that BREXIT horseshit has made its way back

into Cable and its crosses … one guys says one thing and 5 minutes later

another Asshat says another … the deal is “good” … oh wait somebody says, no

it isn’t … and on and on this horseshit goes whipsawing Cable like it’s a yo-yo

… for 5+ years we had this kind of horseshit, and I’m not about to “play” now with

this … we’ll see what happens …. on the other hand, I simply may have to

“position scale” “Spoos” trades … in any event, what everybody has to recognize

is the fact that “Stock Bellies” are in a bear market, marked by a FED that is

Hellbent on higher rates, and until the “Spoos” crash and burn to a level that gets

them to panic and either pause or pivot on rates, both the “Spoos” and the

DOW30 got nowhere to go … cuz as long as “Stonks” stay overpriced, the

economy stinks, inflation rages, and we got insane leadership calling the shots,

rates are not gonna come down … the only thing that brings rates down is gonna

be a stock market meltdown … where that is, I dunno, only that it’s the only

scenario that makes any sense … and when Spicoli and the other Lounge

Lizards finally panic and do pause or pivot on rates, let the melt-ups commence!

No trades today for the PAMM … onto tomorrow and hopefully better trading

conditions.

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

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

-vegas