“Why would anyone want to stop the cash freight train down the tracks!!?”
It’s pretty simple and straightforward … let me summarize the last few weeks of
blog posts and distill it down to its basic elements … 1) understand the V3
scalping algorithm … how and why it works beautifully, and how to handle up and
down markets for profitable success … 2) pick your favorite volatile market … as
long as the cost to trade it is very low and the best available or “Hoover Dam”
close to it, you’re good to go … 3) pick your risk profile [I ain’t your MOM, do what
you want!] … 4) EXECUTE!
For those who can’t get enough of “Stonks” and “Stock Bellies”, I recommend
SIMPLE FX … the very best available total LOWEST COST TO TRADE in SP500 &
NDX100, and if not the best “Hoover Dam” close in DOW30 … in addition to that,
though, SIMPLE FX has “Stonks” CFD’s available in 1 share increments for the
volatile tech darlings … and the bid / offer spreads are pretty good when
considering how the most volatile ones move … AAPL, AMZN, NVDA, TSLA, &
MSFT TO NAME 5 OF THE MOST POPULAR & HEAVILY TRADED … I’ll have more
details on these tech “Stonks” on Sunday’s blog update and I’ll have “vegas
mql4 code” [Dollars & Cents, 2 decimal pricing] for all 5 to install into the
SIMPLE FX MT4 platform … demo or live it doesn’t matter.
While gold isn’t quite ready for “prime time” just yet, that could change at any
time going forward given the world we live in … but at some point it explodes, is
repriced much higher, and let the fun & games begin with much higher
consistent ranges and VIX … if Coinexx can keep their crude oil LP’s in line,
Coinexx for these 2 markets is a decent choice cuz they’re a NO KYC brokerage
house … Fusion Markets isn’t, so there’s that to consider … and speaking of
gold, some good bid / offer spreads in XAUEUR & XAUAUD, AND EXCELLENT
LOW COST TO TRADE IN THE NON DOLLAR FX CROSSES as well at
Fusion Markets.
Most anticipated dovish report reports “dovish” … doesn’t matter, as inflation is
set to explode in the weeks and months ahead, especially food prices & energy
… the August & September inflation numbers will most definitely be higher, and
markets are not priced for that at all … on the oil front, Coinexx spread holding
well at 1 - 2 cents into and through the CPI print, so that’s good news … maybe
they got their shit together, finally? [too soon to tell] … monster rallies / breaks in
“Stock Bellies”, particularly the tech darlings will usually produce sympathy
correlation moves in crude oil as well, based on the theory that tech ‘Stonks”
price moves reflect future economic activity and that affects oil demand … right,
I know, it’s bullshit … but in any very nervous market environment where longs /
shorts are getting cashews squeezed every minute, nobody wants to be a hero
and fight the tape … sooner or later, an oil company or two or three will step in
and either quash price or support it, and how many thousands of contracts do
you want Skippy?
And “uh oh”, yields are climbing on the 10 YR. above 4%+, now up to 4.02% and
change … but but CPI! … yea, look ahead mi amigo and it ain’t gonna be pretty
on the inflation front, and now that everybody and their pet monkey bought the
open with both hands cuz BTFD and never look back, the NDX100 took out
yesterday’s high by a tiny amount, there was nothing there, and then the darling
tech “Stonks” began to roll over, with NVDA leading the way down … and down
goes Frazier! … and the sad thing is, they couldn’t even wait for Europe to close
first before the slide … and with down goes tech, down goes oil … to be fair, oil
has had a decent run higher, so a rest with some “profit taking” [thank you Bob
Pisani, North Korean biz news hack for CNBC] can be expected at some point
… still a very anemic range in oil, though, with about a $1.50 from the day’s high,
so there’s room to go if the NDX gets ugly or long traders get nervous … even
with a decent spread, oil’s “Trading Ratio” [TR] stinks today, barely acceptable,
which for oil is unusual as it's usually well above the minimum necessary
... trading action very lethargic, and I get the uneasy feeling shoes are about to
drop in “Stock Bellies”, and that’s got plenty of oil traders on edge … factor in
everybody and their pet rabbit is long as well, and you got a cocktail of
disappointment being “shaken, not stirred” coming up … and IMHO that’s why
oil is lacking in the enthusiasm for more gains … and as we head for mid
afternoon in “Biden’s Gulag”, the darling tech “Stonks” sitting on their lows for
the day and looking vulnerable … especially since the CPI printed as well as
could be expected … and the question becomes, “how nervous are positioned
longs in “Stock Bellies”, and what happens into the close … who knows, but
right now, it doesn’t look very pretty at all … the pig needs more lipstick
and jewelry!
And after a horrible 30 YR auction of MOAR! FIAT NOBODY WANTS, there goes
yields higher, gold lower, the tech darlings lower, the NDX100 getting beat up,
and oil grudgingly moving lower … question is, who’s gonna step up and buy this
shit? … and the endless supply of “paper fiat” will just keep coming at ever
higher nominal rates … as ZH pointed out in an article days ago, for the first 140
years of the U.S. there was ZERO INFLATION … since the FED was created,
inflation is UP 3,000% AS OF THE END OF JUNE … END THE FUCKING FED!!
EVERYTHING IS TRADING LIKE PENNY STOCKS ON STEROIDS IN VANCOUVER!
[except crude oil] … across the board, this is simply insane … PICK YOUR
MARKET … Have you ever seen better support / resistance “zones” than the
4 “Risk Model” [RM] volatility levels anywhere? … truly awesome! … if you
haven’t got them yet, what the Hell are you waiting for … they’re in “Download
Links”, and they’re FREE … whaddaya want from me!
No trades for the PAMM today, I was focused on crude oil the entire day, and oil
didn’t do Mr. Jack "Diddly” Squat on the upside the entire day … good news was
the 1 - 2 cent spread held throughout the mini market meltdowns … market is
over positioned long, and that’s why rallies were very brief and very shallow,
even when the NDX100 was rallying … I’m super pumped that the spread held,
let’s all knock on wood and throw salt over our shoulder that it holds … hopefully,
finally, let’s hope these LP’s hold the line here … so far, so good … for
”The Syndicate”, some late day EURUSD trades got us in the PLUS column
from doing nothing … “The Syndicate” UP APPROXIMATELY 0.2%
… 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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