No secret, I detest Joe Biden … plenty of reasons, not the least of which is 1) he’s
a pathological LIAR, 2) he’s a moral degenerate [shower with your daughter
lately?], 3) he’s been in the D.C. Swamp for over 50+ years and has done nothing
but feed off the federal TIT for himself and his degenerate family … they produce
nothing, they stand for nothing but INFLUENCE PEDDLING TO THE HIGHEST
BIDDER … and quite frankly I could list another 100+ points but you get the idea.
Then there’s all of the sycophants protecting his ass in the “DNC - Swamp Circuit”
… if he had an “R” next to his name he’d already be swinging from a rope … is
the money & power gained by this worth selling the country down the river?
… YUP, it is! … cuz there’s only the “here and now”, and so gimme mine ASAP so
I can get my 15 minutes of fame and hit the cocktail party circuit of the cool kids
in Libtard Nation … “what a sick FUBAR country!”
The BOJ meets this evening, and so natch, last night USDJPY goes bat shit crazy
[BSC] to the upside, breaking out on the daily chart of that little pennant formation
it’s taken 3+ weeks to build … no doubt, buy stops hit off and front runned by the
usual suspects of scumbags, and so here we are before Biden’s Gulag [New York]
even opens with a blown out GBPJPY range … great … wonderful … STIRS have
been “sticky high” for a while now, so that’’s not the culprit … more than likely, a
bunch of banks looking at order flow and the stops above the market and when
doing the math, see that gunning them BEFORE THE BOJ meeting makes a whole
lot of profitable sense … who’s gonna stop us?
In the last 25 trading days, GBPJPY has gone up over 1000 PIPS … this is the kind
of parabolic move Apparatchiks at central banks hate with a passion, simply cuz it
mens spec long position holders are making money off of policy makers and they
don’t like that … history shows what the response to moves like this are, across
market crosses not just confined to pairs like Cable/Yen … first there’s
“jawboning”, and if that doesn’t spook the specs, next comes intervention, and if
that comes it gets ugly “el mucho quicko” … specs get wiped out, policy makers
look like a bunch of genius soothsayers, and life goes on ‘til the next time … we
ain’t quite there yet in Cable/Yen, but I’d venture to guess we’re getting close to
“verbal warnings”, and I’d be surprised if a bunch of BOJ Apparatchiks don’t
take the occasion of the policy meeting tonight to utter a few words of warning
to the YEN market … if not, expect the “green light” for more USDJPY gains and
an ever higher Cable/Yen price.
It’s simply beyond “unreal”, how “Stock Bellies” can ignore the rise in rates, and
the unanimous “blah blah, yada yada” from FED Lounge Lizards on “higher for
longer” … even the Head Village Idiot, none other than Spicoli, says forget rate
cuts anytime soon, and in fact the FED’s “dot plot” shows they expect 50 bps
MORE of rate rises into year end … and yet the euphoria of “AI” and unlimited
NVIDIA & TSLA gains sees the NDX100 galloping higher as if rates are being cut
and the “Bubble 2.0” has started … “WTF are these Clowns drinking?”
… meanwhile, the federal budget deficit continues to grow by TRILLIONS, the
nation is bankrupt and the middle class is suffering under high rates, “but hey, I
got an idea, LET’S SPEND MORE!” … TALK ABOUT A BAR TAB THAT AIN’T
EVER GONNA GET PAID, THIS IS IT!
Retail sales & jobless claims at 8:30 AM EST, and these 2 are more than likely
gonna set the tone for the entire U.S. New York session, especially the STIRS
market … as if you need reminding, but we’re ALL STIRS TRADERS NOW, no
matter what it is you’re trading [except AI tech stocks, which are in a universe of
their own of fantasy], and both numbers will likely shake up the 2 YR. Treasury
Note to chaotic levels … yesterday, we hit 4.8%, now currently this early AM at
roughly 4.7% … if claims are adjusted lower, and the retail sales numbers are
“hot”, it’ll only be cuz consumers are borrowing more from higher interest rate
credit cards and are shoving forward spending current before rates go even
higher … and what happens when that bill comes due? … Spicoli and fellow
Lounge Lizards are praying for a lower retail sales figure.
Well, that escalated quickly didn’t it? … a mixed bag of bullshit from the math
whiz kids, leaving markets utterly confused … Coinexx for its part, along with
their scumbag LP’s, now quoting GBPJPY with a 2 - 10 PIPS bid / offer spread, in
what can only be called “CRIMINAL” … but hey, what doesn’t get you indicted is
OK in their eyes, so here it is …. what a fucking joke this roulette wheel is … I
guess this is what they mean when they claim “fair & honest” markets … of
course, the spread will come down, but who knows how long it will take … 5
minutes or 2 hours? … meanwhile, STIRS can’t figure out what to do.
Through all of this, the ECB raised rates 25 bps this morning, and EURUSD via
the EURGBP cross is giving Cable some heartburn, and that’s giving Cable/Yen
some selling pressure, although not much … if STIRS retreat some and YEN
rallies, we could get some half-way decent corrective activity … that is, “IF” the
Coinexx LP thieves can maintain a decent spread, something that should be but
isn’t a given.
I’ve been trading a lot of years … decades in fact … I ain’t seen stupidity & greed
this high in “Stock Bellies”, especially NDX100 “darlings” in like forever … this
current level is literally “off the charts” into utter insanity … Spicoli could just
keep raising rates ‘til “Stonks” plummet, but in this current environment of buy
every fucking dip no matter how small, you have to wonder when the guillotine is
gonna drop … and when it happens, which it will, it’ll be quick, vicious, and take
no prisoners … hot “Hoover Dam”, what utter “Twilight Zone” shit people are
throwing money at … tomorrow is an OPEX day, so maybe that has something to
do with today’s “Stock Bellies” exuberance.
Meanwhile, while Bitcoin is literally dead in the water, GBPJPY has decoupled
from the STIRS … STIRS taking the softer side of the data and yields are lower, no
doubt cuz the FED is manipulating the short market by buying … your welcome
Treasury Dept. which has TRILLIONS of fiat to issue … that should prompt some
YEN buying, which should put some kind of lid on Cable/Yen, yet it comes back
from selling and is right back near the high of the day on an extended, blown out
range … go figure … dunno, but with the BOJ meeting tonight at Tojo’s HQ, there
could well be rebalancing of positions ahead of it, and that is skewing shit
… decent two-way action, though, so can’t complain about lack of trading range
or smallish “Trading Ratio” [TR], cuz both are adequate so far.
Rumor has it, no doubt started by somebody like Squid or JPM, that the ChiComs
are gonna announce a “bigly & yuge” stimulus plan ASAP, and that’s why “Stock
Bellies” have taken off … rumors are a currency, right? … meanwhile Cable/Yen is
drifting above 179 and hasn’t correlated with STIRS trading since earlier in the day
… given the blowout range and the fact that the BOJ meets tonight, I’d say today
is over for the pair … over at IQCENT, I’m trading the DOW30 for “The Syndicate”
… it’s the only pair that hasn’t seen a spread blowout, as both “Spoos” and the
NDX100 have higher unjustified spreads IMHO … even EURUSD is higher, no
doubt cuz of their ECB meeting, but I fail to see many hours later why the spread
should be approaching 1 PIP … even with no commission, that’s too “Hoover
Dam” high … but when you realize it’s the LP’s effort to stop you from scalping
and picking them off, it all makes sense … cuz quite frankly, that’s the issue here
and THEY HATE IT!
Cuz of the nature of the day in GBPJPY, only 1 algorithm buy signal I took for the
PAMM … UP SLIGHTLY LESS THAN 0.1% … we were confined by 2 things today
… 1) blowout range multiple sigmas OVER the 20 Day Range MA, and 2) the
market stopped correlating with STIRS and went its own path from mid morning
onward … neither is good IMHO, and so I just deal with it and move onto
tomorrow … over at IQCENT for “The Syndicate”, a shipload of DOW30 buy
signal trades, and we’re UP APPROXIMATELY 1.6%
Give me any market with decent, CONSISTENT VIX, a good range for the day,
some decent corrective activity that then resumes the major move, a consistent
tight spread, and no slippage on fills, and I’m better than an ATM spitting out
cash … take these away, and it’s a different story as the scumbag LP’s have the
edge … today, we got all of that in the DOW30 … quite frankly, and this applies
to both the DOW30 for “The Syndicate” and GBPJPY for the PAMM, I don’t care
where they trade at or what they do …I care about HOW THEY MOVE … “BUY AT
1 AND SELL AT 2”, nothing else matters! … I’ll have more on both pairs in
tomorrow’s blog post and how to trade them accordingly … 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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