Welcome to the Friday edition of “what’s new in the financial casino today?”
… cash market has been open about 90 minutes and we’ve had 6 trend changes
by my algorithm parameters … 3 trips to the clouds, and 3 trips to the basement
… currently sitting not doing “Jack Squat” in the middle at lunch time … no
worries, still plenty of time to screw the legion of 0DTE traders before
the weekend.
Excluding Tuesday’s triple reversal with humongous range, and if you could
have gotten in before the rocket rides, the rest of the week has been a disaster
in “Stock Bellies” … ranges down, trading action [yesterday] one way, and the
trend reversals faster than the speed of light … much better trading action in FX,
where as long as YEN isn’t completely bat shit crazy [BSC] with 200+ PIP ranges
and reversals dotting the landscape, the trading action via the algorithm much
better than the horseshit we’ve seen this week in “Stock Bellies” … granted, the
NDX100 has held up rather well in terms of ranges versus the other 2 indices, but
that’s little comfort in one way moves and rapid fire trend changes … it’s just a
new way to say “chop”!
Vampire Squid [GS] turned bearish yesterday, telling “Muppets” [a/k/a their client
base of rich idiots] markets could have a rough time going into next week’s CPI
inflation numbers, which many are suggesting aren’t gonna be particularly pretty
… that will keep upward pressure on rates, and by default keep “Stock Bellies’
gains in check … the NDX100 particularly spooked by rates … given the rallies
off the November lows, Squid decided to take some money off the table.
And now after all those trend changes within 90 minutes of the open, we sit
going sideways inside a “Loser Formation” … “these markets either scare the
living shit out of you, or they bore you to death!” … BUT NO WORRIES, sooner
or later today both the low and the high will be threatened, simply cuz they have
to thanks to the 0DTE army of clowns and their short options strategies that
guarantee account disaster … we just don’t know how and when.
And sure enough, we get both the “Spoos” and the NDX100 plunging to a new
low before turning on a dime and rallying strongly, where the “Spoos” actually
had a double reversal and made a new high before selling off [natch, you thought
it would continue?] … moving towards the close, none of this shit can do
anything, and the week as a whole a big nothing burger … next week, we get to
“hurry up and wait” for CPI, which will of course cause markets to go supernova
in a nanosecond, and of course spreads to be blown out, and the usual
“scumbaggery & fuckery” from LP’s we always get from these econ news
releases.
Multiple algorithm buy signals today in NDX100 … PAMM DOWN SLIGHTLY … you
can thank criminal slippage on fills, which were a total joke … thankfully not
much money given to these thieves, more on the order of a McDonalds happy
meal … still, it’s the principle of the thing that bugs me … it’s what happens
when nothing moves and the criminal LP’s got to steal money from somewhere
… market movement isn’t getting them anything, so they ramp up the slippage
meter to “triple FU MAX”, and that’s what we get … quite frankly I don’t know what
the Hell is happening to the “Spoos” and DOW30, which can’t seem to move to
save their own stinkin’ life … 20 Day Range MA’s will continue to fall this week, as
the ranges simply suck … and the trends in the NDX100 simply can’t hold … up or
down, makes no difference … inside this barely 200 index point piece of shit today,
with a little over an hour to go, we’ve had 13 algorithm parameter trend changes
… and who knows, there could be more still coming! … talk about chop, and when
trend changes, this market doesn’t fart around, and the spikes from Hell show up
to inflict the most pain possible on spec stops … what a bucket of shit … being
down slightly, I feel like I’ve won something.
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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