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-
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
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