Surfing the internet this weekend, the locusts have returned! … not the kind that
come out of the ground every 17 years, the kind that show up after major price
moves in major markets and hawk predictions … go back 45 years to 1979, and
you’ll find the same broad “gold is going to $5,000 very soon” articles
everywhere, along with silver is the new gold … and “Stonks”? … well, it’ll be
another 3 years [1982[ before “Spoos” futures trading starts, but generally
speaking nobody but nobody cares about “Stonks” … EXIT QUESTION: “So,
who predicted this for the next 45 years? … try NOBODY!”
True trading follows reality, and the ability to shift gears constantly and
consistently when criteria changes … it takes the ability to realize you’re trading
numbers and nothing else, that repeat chart formations endlessly along with
emotions over time … you aren’t trading a market per se, you’re judging human
behavior that endlessly repeats … over time, only the names change, cuz there’s
nothing new under the sun!
That wasn’t much of an overnight session to say the least … one of the most
boring in recent memory … and of course, we’re all still here, with Iran and Israel
having their snowball fight while useless diplomats chew their fingernails … and
if both aren’t careful, they’ll both be put on “double secret probation” by Twits
who think they have any say in the matter.
First, playout war in the media letting the other side know in advance what you’re
doing … makes no sense if you goal is to win, but since when does any western
democratic power want to win anything? … the idiot criminal in the WH thinks
you lob snowballs, and whichever side lands more snowballs inside the others
space wins! … then declare “victory”! … XI & Putin must be laughing their
collective asses off at this … meanwhile rates on the 10 YR stay comfortably
above 4.6%, which makes me wonder just who is that fucking stupid to loan the
Banana Republic money at that rate, given inflation, taxes, and loss of
purchasing power?
Gold and silver “dead cat bouncing” today, the “Spoos” not liking higher rates
[finally] … crypto simply fucking around and awaiting the BTC halving tomorrow
or on the 17th … from the way the “Spoos” are acting, this is the second day in
a row of the back “6” of the paradigm … given we went up about 1,200 index
points on “Hopium” for lower rates, and they’re not coming anytime soon, WTF
is the index still doing up here in the clouds? … CTA positioning is heavy LONG,
so look out below cuz it may get nasty before it gets better … a couple of hours
to the close, and hanging in RM=4 territory on the m15 for over an hour for the
“Spoos” is not a positive development … you don’t normally get an hour to
buy the low!
We started the open off with a rally, which to be quite frank made no sense given
the move in rates higher off of the retail sales number … then Bingo!, Bango!,
Boom!, here comes the sellers … from there, it’s been non stop selling all day
long, and while me may or may not get a “Plunge Protection Team” [PPT} bogus
rally in the last half hour or so, this is the second day in a row in the back “6”
of the trading paradigm … 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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