CAN THE BANANA REPUBLIC GET ANY MORE CORRUPT?

 

“You voted for it … now you got it … good luck escaping!!”

File this under, “I never thought I would see this!”, but here it is … just how

fucking corrupt & incompetent can one government get to allow this to happen?

… in the “People’s Republic of Kalifornia”, a ChiCom bioweapons lab has been

discovered … the details below at the link.

https://www.zerohedge.com/geopolitical/ive-never-seen-anything-mysterious-

chinese-bio-lab-discovered-remote-california-city

Well, when your Fuhrer’s crime family takes ChiCom cash for years to enrich

himself while undermining national security, this is exactly what you’d expect to

see … unreal … EXIT QUESTION: “how many more of these are there in other

locations scattered throughout the Banana Republic? … when you sell the

country out, the Chicoms don’t mess around!”

Ho hum, just another one of these “money laundering specials” the NYSE open

is known for … and it FUBAR markets across the board … there isn’t anything

here, it’s all a “no volume suckers market” across the board … a little bit with the

ChiComs, then some European open shenanigans, and after that ZILCH … close

it down, go to the beach.

A complete ZERO day for gold and oil … entire NY day sees an approximate 50

cent range for oil, and quite frankly I didn’t see this coming or expect anything

like it … yea, shit is slow cuz it’s Summer, but this slow? … WOW! … not much

better in gold, and the “Trading Ratios” [TR] are simply terrible … nothing here

… no volume, no interest, no NADA … what else can you say? … one thing to

note … yesterday I posted over in “Download Links” the mql4 code for crude oil

in 2 decimal format … the same code can be used for DOW30 where the index is

quoted in whole numbers with NO DECIMALS …  for those interested in trading

this index, SIMPLY DOWNLOAD THE CODE AND INSTALL  …  No trades in

anything today … until tomorrow. 

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

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

-vegas

SUNDAY UPDATE: CHAOS IN THE LAND OF MAKE BELIEVE

 

“I majored in “financial chemistry” and last week still left me FUBAR!!”

Just when you think you’ve seen about everything there is to see, along comes

last week that says, “nahhhh!, you ain’t seen nothin’ yet … watch this!” … in a

week where there were ZILCH surprises from the central banker scum, except

from the BOJ where “Scumbaggery & Fuckery” were front and center, it’s very

hard not to conclude that somebody was handing out FREE crystal meth

somewhere indices traders hang out … nowhere was this more apparent than in

“Stock Bellies”, where Pork Bellies are gonna get a bad reputation, cuz in “never

never land” of delusional bubbles, LITERALLY NOTHING MATTERS except

1) which group of specs are getting “gamma squeezed” at the moment, and

2) who’s in the process of pure panic [UP / DOWN, what the hell is the difference,

pain is pain] that the scumbag banks can front run the shit out of ‘em and not

only be profitable, but make the pain even more unbearable! … and how do I

know this? … EASY PEEZEE: even a cursory scan of the m1’s shows such a

very large divergence of ranges, from just a few index points to upwards of 50+

index points, that while “shit happens” occasionally, it ain’t supposed to be as

frequent as every FEW MINUTES!

I guess now the “norm”, here in “The Twilight Zone”, where markets are “soup”

and everybody else trading it is either a “knife” or a “fork”, double / triple /

more? / reversals are gonna be a “du jour” feature, and enjoy your meal while

the bank feasts on you from the bottom up or top down [take your pick!] … how

the Hell do you effectively model shit like this? … well, you don’t … and quite

frankly, that’s the message being sent … for years, volume and liquidity in the

futures has been dropping … now you know why … no large trader [spec or

institution] is willing to be the banks “Chump” when they start the front running

process [and trust me, they ALL KNOW it’s happening], cuz they have no idea

where it ends and how bad it can be … and as last week showed in spades, it

can get a whole lot worse than you think.

Just looking at daily ranges, you wouldn’t know or recognize what’s happening

that’s “out of the ordinary” … the daily candles don’t show multiple daily or

session reversals, nor does it give any hints at what’s happening at the micro

level with the m1’s … and the m1’s are moving violently off tops and bottoms and

not coming back until they run, which gets traders to further panic and pour gas

all over themselves and light a match when getting in or out … the scumbag

bank, meanwhile, is using spec order flow from their proprietary trade desks to

front run orders with their offshore prop accounts they use to “bag” profits

… out of sight, off the books, nothing to see here Sheeple.

What makes this particularly egregious are 2 factors … 1) the larger your volumes,

the worse it gets for you, cuz the scumbag LP is not gonna cut you any slack at

all … robs you from winners, pours salt in the stab wound fill of losers … and

2) the exponential increase in the number of reversals over the last few years

means you can’t hang on and try to HODL … that will get you buried alive … the

scumbag LP’s know this of course.

It’s a bit different over in phyz commodities, where you actually have to take or

make delivery at some point, and it’s not “cash settled” … I’ve mentioned before

how surprised I was that Coinexx actually made good their NDX100 fills without

creating a new orifice … and while we’ll never know the internal dynamics cuz

nobody nowhere ever discloses what they’re doing or why, there have been

changes for the better … the gold spread has gotten slightly tighter, meaning they

severed some relationship with an LBMA member for another, and the spread in

WTI & Brent crude oil has tightened considerably, to where it spends most of the

time at 1 penny, with a flicker now and then at 2 cents … I can live with either, but

as I’ve told them, don’t “sandbag” your customer base and get them used to a

tight spread, and then out of the blue jack it to 3 - 4 cents, in the old “bait &

switch” bullshit houses have been known to do … you’re running out of

credibility as it is, so do this AGAIN and I doubt you’ll see anybody trade this

shit even if you put the spread at “0” … there’s  tremendous opportunity for a

brokerage house and an LP to make themselves an enormously profitable

operation in crude oil CFD’s, with tons upon tons of customers! … the demand

is there! … all you gotta do is be “fair & honest” with a tight spread and give out

good, decent fills, AND NOT PULL THE “SCUMBAGGERY & FUCKERY” TONS

OF HOUSES [INCLUDING YOURSELF IN THE PAST ALONG WITH TURNKEY]

HAVE PULLED WITH THE “BAIT & SWITCH” MODEL … can you do it? … we’ll

see won’t we?

I’ve said this a million times here on the blog over time, and I’ll say it again

… “give me a STABLE, CONSISTENT good bid/offer spread in crude oil of 2 cents

or better, and a meaningless round turn commission [if any] that is super low, and

I would trade oil exclusively and never look back!” … granted, ranges have gone

lower over the last year, but with a tight spread they still are fairly decent

… higher would be better obviously, but it is what it is … at a MINIMUM, oil is as

good as USDJPY anb/or GBPJPY without the BOJ bullshit, and oil remains a U.S.

market [unless world events supersede and give the Asian / European session

some action], meaning 90%+ of the trading action is from 7 AM EST - 2 PM EST

… the question is can Coinexx deliver consistently? … I’ve seen shit like this

before from Turnkey, only to become very disappointed [literally] days later when

we got sandbagged … we just went through some OPEC+ bullshit, as well as

central bank interest rate decisions, and the spread held quite well at 1 penny

… Hell, even Brent held at 1 penny, which often has a penny or two higher

spread … so, things look hopeful here that they haven’t jacked shit up and used

the meetings as an excuse, cuz they surely could have.

I’ve researched the “Super Scalper Trading Algorithm” with crude [both WTI /

Brent], and it performs exceptionally well in modeling price behavior for

scalping purposes … while things are always relative in trading, a lot of the

bank bullshit in “Stock Bellies” and FX is absent from oil … sure, oil can be

crazy, but most of the time there’s rhyme to the reason, and it isn’t simply an

exercise in “fuckery” we see every 3 minutes in USDJPY and/or DOW30 … and

yes, oil is a “Thugs & Dictators” market, with OPEC+ the “800 lb. Gorilla” in the

room, but they aren’t “active” manipulators in the sense that the “Plunge

Protection Team” [PPT] is for “Stock Bellies” … volumes and liquidity are as

good as it gets in markets, so you can get as big as you want without worry.

Over in “Download Links” is the mql4 code for crude oil [WTI / Brent] support /

resistance “zones” in their respective “Risk Model” [RM] format.

Directly below, the 20 Day Range MA’s for selected markets.

click on table to enlarge

For the PAMM, I’ll be moving out of “Stock Bellies” and looking at either crude oil

and/or gold … one of ‘em should be moving and doing well, and with better

conditions it’s the place to be … this bank bullshit in the “Stock Bellies” is for the

birds … onto the week!

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

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

-vegas

THIS IS CRIMINAL … BUT NOBODY SAYS “BOO” ABOUT IT

 

“Found in POLS & central banker Apparatchiks everywhere!!”

It was a criminal hit job on the short YEN [long USDJPY] spec position holders,

while at the same time it threw a lifeline to Japanese banks & life insurers who

most likely are praying for a higher YEN so they can get out … the gory details

from ZH, the link below.

https://www.zerohedge.com/markets/market-panics-after-planted-story-boj-ycc-

tweak-sends-stocks-tumbling-yields-and-yen

Then less than 24 hours later, the BOJ ‘tweaks” YCC [yield curve control] . .. again,

the details from ZH directly below at the link.

https://www.zerohedge.com/markets/boj-tweaks-ycc-greater-flexibility-sending-

bond-yields-soaring

The “Scumbaggery & Fuckery” in FX has always been legendary, but this is truly

FUBAR beyond the normal bounds … is this a tacit signal that the world’s

financial system is in deep, deep trouble? … cuz here’s the news flash … “if there

are banks and life insurers in Japan that are in trouble, there isn’t enough money

in the world to bail them out …. Period!" … as for “Stock Bellies”, once the close

came, it’s biz as usual and let’s bid shit higher right from the open into the night

and into the New York morning … “Stonks” have to go higher, they just have to!

Meanwhile yesterday, gold putting in a very nice [almost] $40 range … even

though it got monkey hammered pretty good with the rise in yields cuz of the

BOJ bullshit, there were some nice rallies as well … and this is to be expected

when range [NY SESSION] is above $20 - $25+ … greater VIX, higher range, and

the algo performed exceptionally well … the problem right now of course is

CONSISTENCY … who knows what today’s NY session brings to the table?

… range could be $12 or it could be $25+ … but gold showed yesterday what the

future holds if range can be higher than it is now … of course, the FED is gonna

do everything in their power of the CNTRL-P machine to suppress and

manipulate gold lower, but the problem for them is that the entire world is against

them … central banks everywhere are adding massive amounts of phyz metal to

their holdings and calling the FEDS bluff … and they’re taking delivery out of the

hands of the NY FED and demanding delivery to their home country or places

like Switzerland or Singapore … nobody but nobody trusts the U.S. … and

with good reason!

“Stock Bellies” continue their march towards new all time highs [ATH], which

IMHO is inevitable cuz the Banana Republic at some point is gonna need all that

and more from you when the time comes to confiscate it … taxation or outright

theft, what’s the difference when it’s “for the children”? … none of the statistical

porn thrown up day-after-day matters, only that shit goes higher … pick any

reason you want … DOW30 at 44,000 on New Years Eve 2023 … why not, nothing

else makes any sense, and the bubbles have got to be expanded at all costs!

And yet again, here we go with another SCAM Chipmunk feeding, where money

launderers and criminals the world over come to the NYSE to change share

hands … ahhhhhh, isn’t corporate crony capitalism fantastic!? … the fact that

nobody cares about price should concern everyone, but it doesn’t … all that

matters is getting the right people the “Stonks” so they can use them for all kinds

of nefarious purposes … well, that didn’ take long to unwind did it? … what a

fucking joke this casino has become … and to prove my point, there’s the 8

minute money laundering bullshit on the open, up/down to the tune of over 100

index points, and then? … “sleepytime” fellas as all of the "real” biz has just

been consumed … time to hit the yacht club for some early lunch and then a

round of golf before heading over to the mistresses pad for a romp, then home

… there you have it!

We’ve been open for 90 minutes in the “Stock Bellies” … welcome to another

bullshit DOUBLE REVERSAL of the session range … “WTF, wait … WUT!?”

… does anything last longer than 1, 2, or 3 m1’s before some fucking scumbag

bank comes in and rapes order flow? … asking for a friend … this stop hunt,

front running horseshit is maddening, and if you’re thinking about a double,

triple, or whatever adding to losers, you end up with what happened yesterday

after the Nikkei / BOJ bullshit … now you’re gone! … DOW30 or NDX what’s the

difference really? … and if that’s not enough, then it will either EXPLODE higher

or lower out of nowhere in some multi-minute gallop, leaving algorithm

parameters in the dust … these indices are seriously FUBAR, and NOT by

coincidence but by design … ask yourself who benefits from fucked up

markets? … it ain’t specs that’s for sure … quite frankly, this is nothing more

than a scumbag bank run scam, pure and simple.

Cuz here’s the twofold problem … 1) cuz of the way order flow is manipulated

and faded aggressively, you can’t put any kind of tag on risk in a trade, and

2) you better sell the green spike up, cuz if you don’t they will gut you like a fish

for dinner … OK, which spike? … cuz if you go too soon you leave bucks on the

table, and if you’re late it has the very real potential to be ugly … and the higher

your volume the uglier it will get … they don’t have to be on the market to fill you

and most of the time they aren’t … in addition to that, I’ve come to realize that the

scumbag banks know exactly how to goose a market so as to move it away from

all of the traditional indicators very, very quickly … your buy/sell signal is

therefore gonna come late … very late, and from where I’m sittin’ it’s along the

lines of 20 - 30 DOW30 index points, which is way too much to give up … I’m not

gonna be some F-ing bank’s buy fuel.

During the week while we were waiting for the Lounge Lizards, and trading was as

dull as dishwater, I had some conversations with management … to make a long

story short, it isn’t just NDX that’s gotten a facelift, but other CFD’s as well

… ‘bout fucking time if you ask me, but better late than never … more to the point,

the gold spread is slightly tighter, and the crude oil spread has come down to

1 - 2 cents per barrel … now, we’ve been through some central bank meetings and

an OPEC+ confab, and the spread has remained at 1 penny … right now as I write

it’s 1 penny, and today WTI crude has a $1.31 range … light to be sure, but all I’m

concerned with is the cost to trade and is there enough VIX for opportunity to be

there … quite frankly, I’m surprised the NDX100 spread held and I didn’t get raped

on slippage when I traded it last week, so I’m somewhat inclined to give them a

break on crude and gold … and while we’ll never know the details, houses do

change for the better and for the worse … this case better … cuz what I’m lookin’

at in the “Stock Bellies” is bullshit … has been last week and this entire week is

a frickin’ waste … just a shitshow circus of scumbag bank LP manipulation off

of order flow, where they front run the shit out of everything, and take turns

killing longs / shorts at will … there is literally no rhyme nor reason for any of

this … scumbag banks creating their own supply / demand … and more to the

point, 1) it’s impossible to trade this shit without risking the ranch, and 2) they

turn it so quickly the algorithm, as fast as it is, can’t keep up with the bank

… the banks know this and they exploit the shit out of it against everybody.

Another 100 point rally in minutes cuz why? … cuz shorts got fucked … now it’s

elevator down … new high / new low / new high / new low, this is simply STUPID!

… talk about blatant manipulation, this is it … the spikes from Hell, both up &

down, which are bank led via their front running proxies offshore, have gotten

to the ridiculous level … there are so many of them, it skews everything.

No trades in anything today … the NYSE opens and closes are a frickin’

nightmare mess, the spikes from Hell skew risk to such an extent it makes

indices a joke, and if that’s not enough, we got multiple reversals and all the

bullshit that goes with that to deal with as well … screw that … quite frankly, I’ll

go back to crude oil and gold for the PAMM and trade those … given new

dynamics for both with better pricing in the spreads, and far less drama and

bullshit m1 spikes from Hell, although they can show up here as well, makes for

better trading … far truer moves and how are they any riskier than these indices

given the way the banks manipulate order flow? … a lot more on this in Sunday’s

blog update, where I got more time to elaborate … as for “The Syndicate”,

Bitcoin is as dead as it was in “nuclear winter” … stuff can’t do

Mr. Jack “Diddly” Squat! … again, more on Sunday’s blog update.

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

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

-vegas