I dunno … 1) senior moment? … 2) trader amnesia? … 3) the “Tooth Fairy”
granted me a wish? … or 4) pre “rubber room” therapy gone wrong? … the
fam voted last night [“The Mrs.”, Miss Gimpy, the dog], and it was a 3 - 0
landslide for #4 … today, I’ll be very careful about putting on any kind of sweater
or sweatshirt when they ask if I’m “chilly” … so, without further ado, welcome
to Friday for the second time this week!
The SP500 [“Spoos”] in a delusional world of FOMO … and you somehow think
the Dopes at the FED will cut rates with “Spoos” now at 5100? … why?
… meanwhile the Banana Republic printing presses run wild, as nobody in the
Uniparty gives a shit cuz it’s an election year … “hey, I’m actually an ILLEGAL
HONDURAN, so where can I get me one of those NYC debit cards with $3K a
month put on it, with no ID, no verification, NO FUCKING NADA?! … me and
my 8 kids need to fund our drug empire don’tchaknow! … meanwhile homeless
VETERANS live under a fucking interstate bridge cuz the VA is useless and
worthless beyond shame … please, tell me again how the Banana Republic
survives!
Some pre market NYSE “Scumbaggery & Fuckery” hitting the tape right before
the open … what else is new? … now into the NY afternoon, a sloppy bag of shit
day where the high so far has been the NYSE open, followed by a drift lower
where algorithm indicators have been negative the vast majority of the day
… some pockets of “rally juice”, but basically 3 steps down, 2 up and MOMO
changes quickly … the $50 approximate range in ETH, although adequate, is
nothing to write home about …. Again, Asia and early Europe has better trading
action, something we’ve seen plenty of these last few weeks … on the plus side
of things, the bid/offer spread in ETH at Coinexx has remained tight, coming in
between $.06 - $0.30 most of the day including active rally minutes
[i.e. no blowouts] and the RT commish is 6 cents per 1 lot … add it all up and
it’s superior to BTC at the moment.
We’ve seen this week in both BTC & ETH, what I call the 2 hour “Flying Wedge of
Death” [FWD] yo-yo from Hell marathon of alternating screwing stops on both
sides of the ledger … then no follow through of course, and essentially we’re at
where we were on Monday, with very little in terms of dollar up or dollar down in
price the entire week … for months now, we’ve seen Fridays turn into semi
Holidays [even the second ones of the week!], where action literally sucks … it’s
not a very good moving day … we might be in for “time corrective” activity,
rather than any serious price erosion, but that remains to be seen in the
days ahead.
Only one PAMM trade today … fills adequate … shit just wouldn’t move, so time
to say adios! … WE’RE UP SLIGHTLY … and since it’s officially Friday, blog
update on Sunday … cya then!
… 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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