Spicoli’s presser yesterday spilled the beans that the Lounge Lizards have no
clue, no ideas, no solutions, and that everything is a “hope & a prayer” going
forward … in that environment, the U.S. will do what every other nation in the
history of the world has done to wipe away unsustainable & unpayable debt
… they inflate it away to nothing … Hell, they’re already doing it! … it will lead to
confiscation of personal wealth and loss of dwindling freedoms … and the
mistake big money is making, is that they think “Stonks” will provide them with
a “safe haven” against the ravages of inflation … tech “Stonks” now the “safe
haven asset!” … it’s simply ludicrous.
The Lounge Lizards have to find a way to lower interest costs to the government
or the “gig” is up for the Banana Republic … they had assumed that the biggest
historical rise in interest rates in just over 1 year would do the trick and shove
the economy into a depression … that didn’t work … now what? … and through
all of it, gold didn’t go down much either, as world gold supplies get eaten up by
the folks on the Pacific Rim, who know what’s coming … TRILLIONS UPON
TRILLIONS more of spending for the “Free Shit Army”, where the country gets
ZILCH in return, and TRILLIONS MORE IN INTEREST PAYMENTS ON THAT DEBT
grows by leaps and bounds every month! … what’s a FED Political Hack to do?
They’ll do what every other nation has ALWAYS DONE … inflate the problem
away! … gold less than $100 per OZ from an ATH … and once the dam breaks,
and the FED is busted over its massive gold shorting scam, who knows where
price is headed? … but one thing is for sure … VIX and ranges will expand, and
as a trader, that’s what interests me … cuz where there’s VIX and good ranges,
there lies opportunity!
Directly below, XAUUSD from yesterday, with the FED announcement and then
Spicoli’s presser.
I’m gonna leave it to the reader to look at the algorithm … remember, for phyz
commodities like gold and crude oil, double bottoms [while present of course] are
not as prevalent as in the cash settled bullshit, and that bottoms quite often come
with 1) doji’s, 2) hammer formations, and 3) inverted hammer formations … and
when you get them, line them up with the UFT oscillator and the change in slope
color of the VIDYA lines for a buy signal … and it’s just the opposite for a
sell signal.
A huge data dump today by the math whiz kids … I don’t see anything in this pile
of statistical dogshit that says “lower rates” … quite the opposite … the Lounge
Lizards got quite the dilemma on their hands! … gold, having snuck up to the
1980 level, getting monkey hammered back down to 1960 … then there’s the
DOW30, trying to break an all time record win streak with today’s close … we’ve
never had 14 days in a row of higher closes … I guess cuz everything is so
swimmingly, F-ing AWESOME in the U.S. economy under the leadership of the
Biden Crime Family? … what a joke, but you can’t fight the tape!
Well, one thing has shown through loud & clear today … the NDX has lost its
ability to “trade”, and that has become glaringly apparent today … 3 days in a row
of this Mickey Mouse, straight up / straight down bullshit, and I ain’t hanging
around waiting for shit to change … it’s ALL “wall of buying / wall of selling” and
not a “Hoover Dam” thing else … the banks are either screwing longs, then going
for the shorts, or vice versa, and the front running of spec order flow is ridiculous
… shit is trading like a front month / back month Pork Bellies spread … and then
in an instant it all changes when the order flow stops … and if you’re stuck, too
F-ing bad, cuz the chances it comes back on any kind of trading is “slim & none”
and “Mr. Slim Pickens” is on vacation … the DOW30 with much superior VIX
between m1 closes than anything the NDX is doing, even with double the spread
… forget the “Spoos”, spread is too high for what you get in terms of VIX … this
is disappointing, but it is what it is … onto the DOW30. [Should have made this
change last week when I noticed this kind of shit creeping into NDX trading.]
I made the switch to the DOW30 a little after Noon EST … “WTF, if it won’t trade,
then screw it!” … and while I’m predominantly predisposed to trading any of the
“Stock Bellies” from the long side cuz of the “88/6/6” paradigm, if you’re gonna
short a stock index, the DOW30 gives you your best probabilities of success
… that’s cuz of its pricing and intra day movement, which is much greater than
the “Spoos” and better than the NDX100 … so, for those who love to be short, the
DOW30 is your baby on rallies … even with the utter collapse in regular
close-to-close VIX seen in the U.S. “Stock Bellies” since February of this year,
when 20 Day Range MA’s were substantially higher than they are now, and the
NYSE session 20 Day Range MA is around 254 index points currently, there’s
still ample opportunity for trades and profit … classic bottoms and formations
all over the place … and we ain’t seein’ that in the NDX100.
The DOW30 making a bid for history today, with the 14th day in a row of UP
closes … never in the history of the index has this been seen … somebody want
to tell me just what’s so amazing about the U.S. economy right now to get this?
… what a frickin’ joke of manipulation on steroids … quite frankly, while
interesting, I could care less if it’s UP 50 days in a row … I don’t care if any of
this shit is up or down, and if the DOW is at 5,000 or 50,000 I could care less
… it’s simply a vehicle to make money, that’s all! … quite frankly, I wouldn’t own
anything in the Banana Republic … too easy for government to confiscate or
seize it, which many of you in the future are gonna find out the hard way … but
that aside, I’m just looking at the trade and analyzing trade data, cuz that’s all
that matters.
Well, that escalated quickly didn’t it? … a rotten 7 YR T-Note auction, and word
out of Tojo’s HQ over in Japan that the BOJ may be willing to discuss changing
its YCC [yield curve control] policy [which we’ve heard before when banks want a
higher YEN to cover shorts, but that’s just cynical me] … could this pre-planned
story release be any more obvious an attempt to “save” Japanese banks & life
insurers? … this is criminal, but welcome to high finance … that took the wind
out of the DOW30 sails “el quicko mucho” … now for the panic lower going into
the afternoon to the close? … one can only hope for tears & gnashing of teeth!
… Bwahahahaha!
And enough is enough says the “Plunge Protection Team” [PPT], who dutifully
comes in after every “Thelma & Louise” waterfall to prop prices higher, simply
cuz we can’t have Ma & Pa out in Des Moines thinking there’s anything wrong
with the financial system and that “Stonks”, even the shittiest of ‘em, might be
suspect, now can we? … no trades for the PAMM today, but tomorrow I start
DOW30 trading … for “The Syndicate”, we’re UP APPROXIMATELY 0.2% in
DOW30 trading, doing some light volumes at IQCENT … 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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