All you can do is laugh at this shit, cuz otherwise you’d cry … we’ve gone from
bat shit crazy [BSC] to “Sleepytime”, and today’s nuclear explosion comes via
retail sales at 8:30 AM EST … and inside this “Twilight Zone”, the casino is waiting
for us! … overnight, one of the deadest sessions in EURUSD I think I’ve ever seen
… 5 minutes of looking at this, and I went back to bed … back to “embrace the
suck” … all of these so called “markets” have very large warts.
Well, that escalated quickly didn’t it? … another blowout sigma miss, where
every report is hot, HOT, HOTTER, and then HOTTER-ER-ER … rates have noticed,
gold has noticed, the dollar has creeped higher, but “Stock Bellies” could care
less … no amount of “bad” news can get sellers to come in and smack down
indices … until they do of course, lately from FED PIE HOLES, whose only job it is,
is to inform us rates got to be higher for longer, and in reality put a lid on stock
market gains … the great “FED SHORT THE CALLS” meme on display every
chance they get … the street ain’t buyin’ what the FED is sellin’, and what we end
up with is this battle between the dip buyers versus the FED … somebody is
gonna lose, and everybody and their pet monkey thinks the FED will “pivot” from
this mantra of higher rates soon and so they “buy Mortimer, BUY!” like it’s gonna
happen 5 minutes from now … the rapid fire disjointment of price coming from
0DTE idiots every day is also not helping one “Hoover Dam” bit … and what we’re
left with is piles of market bullshit where prices explode then die, until the next
time … until the next most important economic report evahhhhhhhhhhh! … and
then it happens again, with reversals, double reversals, and soon to be triple and
quadruple reversals in the cards … why not? … it’s all casino bullshit of make
believe anyway, with the price of anything bearing little resemblance to reality of
the underlying asset … and at some point, it will end with a crash that makes
1987 look like profit taking.
Well into the New York afternoon, and this might be the worst indices trading day
I’ve seen in a good long while … this is truly pathetic … ranges so subpar it’s
hard to describe how bad they actually are … meanwhile EURUSD redefines the
trading term “chop”, with mind numbing back & forth in worthless fractions of a
PIP once the retail sales numbers come and go … truly a “sad sack” market … as
I told Miss Gimpy, “if you want to trade this shit be my guest, I can’t take the
meaningless chop that dominates this market for most of the day … truly
pathetic” … it’s 2 PM EST, and we don’t even have a 200 point range in the
DOW30 … since 7 AM, we’ve hit a new high, a new low, and just a second ago
another new high … another double reversal inside the casino … can we get new
lows by the close? … all of course on numbers that in a sane world would see
stocks down sharply on higher interest rates, but not in this fantasy land where
the only thing that matters is trapping 0DTE idiots and their short credit spreads,
both puts and calls … the trading algorithm does us no good when 1) m1’s are
either so low in range they look like pencil dots on the screen, or they blow up
and go 50 - 100+ index points in a second, or 2) ranges can’t be depended on for
guidance cuz they are so below average … now here in the late afternoon, I’m
supposed to buy a new high? … forget that shit … and as soon as the dealer
community stops out the sellers of call credit spreads and books profit, and the
volume dries up cuz there aren’t any more suckers left, it will only take a
fraction of a second for the red spike from Hell to show up and take the upside all
away … it’s all this shit has to offer, cuz there isn’t anything else in play … what
a disgusting shitshow circus!
Words escape me as to just how bad this is … trading conditions unbelievably
awful, and one look at the daily chart in the DOW30, and you’ll see we’re in the
13th day in a row stuck in shit … can’t really rally, and can’t break either
… meanwhile the world burns down, Biden shoots down balloons, and inflation
surges ever higher … I feel like going outside and screaming at the clouds!
No trades today in anything … EURUSD sucked so badly I couldn’t take it, and
literally the entire day in “Stock Bellies” has been a slow crawl to double reversal
land, with ranges so tiny it’s laughable … algorithm works wonderfully, but it
doesn’t mean much when nothing moves, or moves blowing up through buy
signals … this is just so incredibly frustrating … onto tomorrow.
… 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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