HURRY UP & WAIT: JULY EDITION

“I see you’re waiting for the FED!”

Zzzzzzz … oh wait, markets are trading … some traders suggesting the world is watching Wimbleton tennis instead; “ummm no Skippy, the world isn’t the Hamptons”. Anyway, it’s likely to be a snoozer today simply because ChairSatan Yellen gives congressional testimony tomorrow at 10, giving the assclowns in Congress a chance to “grandstand” for a sound bite in the ’18 midterms; nothing like showing the Sheeple back home that you got their interests firmly in your mind, even though you don’t and could care less.

Turning to today’s market … boring to “that escalated quickly didn’t it”? If you haven’t been keeping up with my posts [naughty boy… girls are always naughty so it makes no diff], let me be the first to say that I’ve been talking and writing about “speed of light … crickets” trading for months on end … the fact that Pols & their various Apparatchiks have taken over markets; not just the “Plunge Protection Team” [PPT], but spokesman for the FED, congress, the White House, and a host of others with inside connections to various government institutions. They come out of the blue and can either rocket markets higher or set off an avalanche; today we get the avalanche from President Trump’s kid.

In a sane world not inhabited by lunatic Libtards, where under every rock lies a Russian conspiracy, these emails are a “nothing burger”; to die hard “Trump haters” [and you know who you are] it means impeachment in 5 minutes. Fact is, it reminds me of the 1950’s McCarthy hearings where Sen. McCarthy of Wisconsin was unearthing communists in government … yeah, he got some, but he also smeared a hell of a lot of people and ruined careers with unsubstantiated innuendo and false logic … just cuz you know a Libtard, and talked to one once, doesn’t make you a Libtard. I went to Alabama once; does that make me a Confederate soldier?

Of course, the Dow30 plunged today on the email news; I’m sitting here and see the carnage, and know better than to blindly just say, “oh, the Dow30 just has to stop here … as it goes another 30-50 lower in seconds”. You simply can’t do that; and you got to find out what the selloff was all about … it’s one thing to run stops for 10-20 points, it’s another to go on a 150 point 20 minute grand slam lower. Fact is, until it was over, I had no idea what happened … at first glance I thought it might be FED related to tomorrow’s Yellen testimony in front of Congress, or with earnings season upon us, a “hush hush” secret bombshell negative surprise was coming forth. “Seriously, these Trump Jr.  emails? You’re tellin’ me after reading this crap it means anything? Christ, what a nothing burger of crap … if emails mattered, Cankles Clinton would be in prison already serving life sentences, for crap far worse than talking to Russians for 20 minutes… and while I’m on the subject, how come Obama isn’t in front of a Grand Jury right this instance for telling Medvedev, while he thought the mic was off, “tell Vladimir I’ll have more flexibility with nuclear weapons once the election is out of the way” bullshit? … oh wait … my mistake … Obama is black and a DEM … never mind, it isn’t important that he sells the U.S. down the “F-ing river” to the Ruskies! … nah, move along Sheeple, nothing to see here …Hells bells, no wonder the market rebounded after the longs got crucified on sell stops and we’re back up to where we started this charade!”

But, for the record, and in case you missed the “message” from the friendly PPT, who came into the market 3 times after the carnage and sent the Dow30 all the way back to the high of the day, it’s this: “sell at your peril … cuz when you’re done with the sell stupidity [from our viewpoint], we’re gonna ram the market up you donkey so far you’ll develop a migraine headache! … have a nice day”. Get it?

Well, now that we got ourselves another FWD in the making, somebody enlighten me as to what the daily candlestick is most likely to look like come the end of the day at 8 P.M.; that’s right another frickin’ “Doji” … a trader’s worst enemy … remember I have said, they come in “clusters”, and if things stay the way they are now to the close, this will be the 2^nd Doji in a row on the Daily Candlestick chart. And why shouldn’t it, with ChairSatan Yellen testifying tomorrow, with the heightened probability she “steps in it” somehow and either sets off rockets or “Thelma & Louise”; but tomorrow, we all know she’s coming … we are expecting it … today? Who the hell knew? … like I said, when you got no idea why prices are plummeting, and cascading M1’s look like a parabolic curve on the downside, it’s easy to look back in hindsight and say, “umm yea, a good place to buy [while your finger is on the bottom of the move]”. In real time, you don’t have that luxury; I’m not unhappy about not participating in it, cuz I literally had no idea what the hell was going on; I don’t watch the “news”, I watch “setups”, cuz it’s the only thing that matters … nothing else does cuz the “setup” is always the same regardless of the news, so who needs it?

Coming into today, I thought maybe … maybe with Yellen tomorrow and the world waiting … we could get some “position squaring” that could lead to a trade or two … no way I saw this clusterfark exploding … a perfect excuse for a sizeable rally tomorrow if Yellen “threads the needle” and makes the Street happy with her bullshit, simply because the longs got crucified today … again, the setup provides the opportunity for some major upside rockets tomorrow if she can avoid saying something totally stupid and inane. Not predictin’, just sayin’.

Meanwhile, before the carnage, I got in one trade for a profitable scratch scalp … really wasn’t looking for anything on the upside in terms of a “pony ride” … the Trump Jr. carnage in the stock indices caught me by surprise, especially when I read the emails to gain whether or not this had “legs” … when it didn’t, I’m kind of wondering about the solid negative reaction of the Dow30 and why traders panicked, but put in context with Yellen’s testimony tomorrow, it makes perfect sense to run the sell stops, get the retail longs out of the market, and when tomorrow comes and she delivers, everybody can then sell back to the folks who will be rushing in to get long again … in other words, it all makes sense.

Here we are about 40 minutes from the close, and the market is about 10 index points in the Dow30 from where I originally liquidated my long position. If you had knocked me out right after the trade, and then woken me up just a minute ago without telling me what transpired today, and then told me the Dow30 is 10 points from my liquidation, I would tell you thanks for letting me take a nap for 3 – 4 hours while this crap did nothing waiting for Yellen tomorrow.

From a strict version 4 algo standpoint, after the first green M1 from hitting the yellow SDEV line, would have been a great buy; from a logistical & trading standpoint, we got to deal with scumbag LP’s who 1) widen the spread, 2) hand out slippage to everyone no matter whether you are buying or selling, and 3) are thrashing the Dow30 around in 5-10 point increments. Push the button to do anything, and you better well be damn right about it, cuz if you aren’t, you’re looking at 30-40 points of headache almost immediately if you are wrong. Do this 2 or even 3 times in a row, and you won’t be available when it’s time to make the right trade. From this perspective, I don’t see the imperative in risk/reward. Since the bottom of the carnage, the PPT has been in 3 times … after each, scroll the M1 and what do you see? … do you see any trading? … cuz what I see is a market going sideways that can’t even get out of a 2 point spread … then BOOM!, here they come gain for another 40-50 point mini-melt up in 3 or 4 minutes straight up the elevator … rinse & repeat. When you get right down to it, pretty much everybody is waiting for Yellen tomorrow, cuz outside the PPT shenanigans & the “Trump Dump, Part Deux” [the first one being May 17^th I believe], that got longs to puke, nothing has happened … welcome to the new normal.

And don’t you just love the BS shenanigans pulled again in the last half hour of trading with a PPT thrust of 25 points in less than 2 minutes to a new high for the day, thus doing 2 things; 1) setting off retail buy stops and putting another nail in the coffin of short players, and 2) reminding you again for the 4^th time, “go ahead and sell it … we will be waiting for you”. Onward & Upward!

PAMM spreadsheet directly below.

Time for the DQ, where the “ice cream King” dog has found teenage girls to feed him in the late afternoon … I’ve created a monster … and after that, the beach awaits … we’re outta here … until tomorrow’s wonderful excursion into Fedspeak with Grandma Yellen.

Have a great day everybody!

-vegas

OUR TURNKEY FOREX  “PAMM/MAM”  IS NOW OPEN AND OPERATIONAL; SEE “PAMM/MAM MANAGED MONEY PROGRAM” IN “DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND START YOUR JOURNEY FROM WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!

TRADING IN THE ERA OF CENTRAL BANKS

“They are never going away … ever!”

Markets, all of them, are at the “whims” of central banks. The above pic from “Bloomberg” shows the expansion of the ‘balance sheets’ [a/k/a QE or money printing] of the “Big 3” [Fed, BOJ, & ECB]. As I point out in the new version 4 volatility trading manual [about half way done], the FED started actively intervening in markets starting with gold in April 2012, when they came in and “monkey hammered” gold down by more than $100 per Oz. in a day. From their counterparts in crime [BOJ & ECB], they learned quickly that if you desire a short-term policy outcome, the way to get it is to manipulate whatever market achieves that goal. Which, of course, is what they did with crude oil in February 2016, when the “Plunge Protection Team” [PPT] came in and ended the bear market in oil and rescued the industry from the $20’s.

“Oh, and it’s a “coincidence” that since that date, as the graph clearly shows from Bloomberg when the FED began throwing QE money into the markets in “spades”, stock indices “behavior” has changed remarkably with the PPT in the markets [Dow30 & SP500] almost every damn day since then. Outside of Brexit & the U.S. election, which globalist elites did not like and came as a surprise, thus causing mini-market meltdowns, the PPT has made their “fingerprints” known all over every market traded on the MT4”.

And lo & behold, the likes of Citi, BofAML, Vampire Squid, & JPM have all now started to break the news to their clients via “muppet research”, that maybe markets might be a little skittish since the FED’s balance sheet reduction could start in September or December; “right, and Peter Pan is gonna visit me tonight and teach me how to fly”? Like a drug and/or alcohol addict hooked up, there isn’t any way in hell the FED or anybody else is going to go away and allow markets to return to the “good-old-days” when traders called the shots. Of course, their actions distort markets and create “bubbles” in asset prices, but you aren’t supposed to notice cuz you’re too stupid, so STFU and buy moar!

What this leaves us with is nothing short of a gigantic “tug-of-war” between large hedge funds and the banksters, where lately cuz the banksters have pulled back some of the money printing, we are getting more two-way action than the previous couple of months. Simply put, more selling and less overnight upside “vapors” in the wee hours when everybody is sleeping. And what I have noticed lately is an almost schizophrenic bid/offer trading environment, where on down days when the PPT and central bank bids disappear, the market can’t hold a “bid” to save its life, and on up days when the PPT either has done something or given the indication that it might, the market can’t hold the “offer” to save its life either. Throw in slippage from any of the scumbag LP’s, and it makes for a difficult trading environment.

It should come as no secret then, that nothing means anything anymore except what some Twit at a central bank says it means; up bananas one day with nary a downtick, let alone some normal corrective behavior, then “out the window” down the next day with the exact opposite.  Trump says, Yellen says, Draghi says, Kuroda says; “the world cares and the HFT’s jump faster than anyone can imagine”. Up/down to some central bank determined level, and everybody can go home now. Wait … what? And that’s the trading world we live in now; everything pre-2016 is useless and meaningless as a result.

Turning to today’s market … no overnight Sunday “vapors” to the upside we have to deal with today … seriously, that gets really annoying when the banksters pull that crap … a little bit softer tone … could see some selling on the open from no follow-through from Friday … After an hour, and outside the total screwjob 20 point slam on the open, that saw somebody not have a very good open, it’s been a  “drift higher in mindless chop mode”, and watching my screen, I can see the slippage in fills and the price gaps being handed out only an hour into this clusterfark … can’t wait to see it in 3 hours.

And once again, today brings anther version of the “Flying Wedge of Death” [FWD], where the day starts on the high, goes to a new low on the open, and now after 90 minutes here we are up near the high, about 20 points shy as I write, whereby now we can stall and drift slightly lower trapping longs … you get the idea, and as I have written before, this type of trading activity is almost impossible to make money other than scalping both sides of the market, which I don’t do cuz you are only asking for major league trouble. And of course, with the FWD comes the “doji” daily candlestick, unless something happens which I doubt; whenever the FWD shows up, there is a strong correlation that a “Doji” day is upon us. [Note: which isn’t good, as it is interpreted as “indecision” by most traders.]

“Meanwhile, RIDDLE ME THIS BATMAN”! The SP500 can’t do a thing and the Dow30 drops 20 points, so that the correlation between the 2 indices is “on again” / “off again” depending on which way the central bank wind blows … the Dow30 much easier to manipulate than the SP500. Directly below, first the SP500, then the Dow30 markets in the M1, with the blue area under the “-vegas microscope”.

Ok, ‘splain this? The Dow30 stocks are all included in the SP500, which means [if I’m to believe the LP is “honest & fair” in pricing … (giggles, snort)] if the Dow gets whacked 20 points, how come the SP500 can’t move? These are the largest stocks in the weighted average, so the only thing that could possibly be the answer other than manipulation, is that the other 470 stocks rallied exactly at the same moment while the 30 in the Dow went down … all in 3 minutes in perfect unison? “No Skippy, it was dealer LP manipulation pure and simple and they panicked some longs and got them to puke into a falling market, filling their sell orders underneath the market to 1) take the other side of the trade, and 2) take some price protection with shit fills to guarantee a profit. And when the selling was over, bid it straight back up”! If this isn’t proof, I don’t know what is.

“Caution when entering … may be harmful to trading Newbies.”

Let me enlighten the downtrodden & trading uneducated, on exactly how this LP scam above works; the people that own & operate “LP A”, create another liquidity provider [LP B] that they own as a separate legal entity, often times having said entity be domiciled for legal purposes in a “tax haven” like Panama, Nevis, Gibraltar, British Virgin Islands [BVI], and/or Belize. When it comes time to “pump & dump”, especially dump, “LP A” will fill your order to “LP B” off the market by as much as they can that won’t get them indicted. When you complain [like I’m sure some did today], that you got filled off the market, they will come back and say, “Oh no, our HAL1000 computer system diagnosed itself, and came back and said everything is fine! … Dave? … We don’t have a problem do we Dave”?. When you ask if they took the other side of the trade, you’ll get “of course not, we are STP & ECN, and all orders go to the highest bid, lowest offer, and the closing of positions to the corresponding LP”. Which is all a lie, as initiating orders go, the vast majority of the time, to their “silent partner”, which is themselves; and closing fills get raped even larger cuz you’re closing them and they got to get their “pound of flesh” before you leave in disgust from the position. Modern day financial trading in all its glory.

Meanwhile, the regulators get tons of cash under the table to look the other way cuz nobody really gives a damn, all the while watching porn on their “busy-day-at-the-office” computers; what they know is what you know … you gonna sue them and take them to court over a couple of Dow30 points? And after you spend a large fortune getting it in front of a judge, he/she throws it out cuz it needs to go to “arbitration” first … and that means you’ll never hear about it ever again cuz the “arbitration judge” is 1) a former brokerage house scumbag lawyer, and 2) located in Greece or Albania. Buy a lottery ticket, the odds are better!

All of this leads to massive headaches for traders, cuz you got about 1 second to figure out if it’s “official LP bullshit” [above], or is the Dow30 move simply the start of a waterfall or a move lower? Which is it Skippy? To be sure, there is no “failsafe” way to know for sure, but simply say the SP500 is the vastly bigger futures market, and more than likely the Dow30 is the one being manipulated. Which is fine, as long as you understand the new paradigm of central bank “market manipulation”; if you don’t, you’ll never understand what is going on in this stuff on a day-to-day basis.

One move today, which started one minute after the NY open, and has taken the market straight up, except for a couple of 10 point hiccups, which is hardly a correction or break … again,, like for the umpteenth millionth time, the Dow30 moves some while the SP500 sits … then the SP500 moves like it’s got a fire under its ass while the Dow30 basically sits … One trade today for scratch profits, where I’m down a few points, then I’m up a few points, down again … so when I get up again about 20 minutes later I don’t hesitate to liquidate, thankful to be out of this total mess today. And today at least, both the SP500 & Dow30 are an inactive mess … the entire afternoon, and I don’t think the Dow30 has fluctuated more than a dozen points top to bottom, the SP500 a simple index point … in other words, a perfect central banker day where VIX gets crushed and prices hold steady to slightly higher with zero trading activity. It’s a little less than an hour to the close, and I want no part of this 3 point range crap in the last 30 minutes; this market is dead today.

One more thing today; over the weekend, I noticed that many of you were commenting to my posts and they weren’t getting posted. The reason is that I thought I was managing them through the Google blogger main dashboard; instead, they were supposed to be managed through this site’s email account, and then I choose whether the comment gets posted or deleted. Simply put, they weren’t getting to my “Inbox”, but instead were getting placed in the “All Mail” folder; not junk, and I wasn’t seeing them to either OK them or delete them. Rest assured, whether good or bad, whether you agree or got something on your mind you want to share about what I have written, I’ll more than likely allow the comment to be published. What I’m not allowing, and is the reason for my permission to be posted, are people who want to promote vitamins, travel, or some other website where they gain revenue through “ad clicks”, or want to tell me I got $15 million Dollars waiting for me in Nigeria; those that try and post comments like this, aren’t going to see your comments. Other than that, though, now that I know the proper procedure for posting comments, have at it if you desire … thanks for writing! Onward & Upward!

PAMM spreadsheet directly below. 

“Dude, where’s my ice cream? … I thought I had trained you!”

Time for the beach … the ice cream “king” [above] has got his “big girl panties” all bunched up cuz he got “nada, zip, zilch, zero” ice cream over the weekend … and he’s given’ me looks … we’re outta here to the DQ first though … until tomorrow.

Have a great day everybody!

-vegas

OUR TURNKEY FOREX  “PAMM/MAM”  IS NOW OPEN AND OPERATIONAL; SEE “PAMM/MAM MANAGED MONEY PROGRAM” IN “DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND START YOUR JOURNEY FROM WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!

FAIRY TALE FRIDAY

“Magical job numbers … the Pudding Business is hiring!”

Yes, it’s that time of the month; we can all gather around the financial websites and biz cable TV networks [Bloomberg & CNBC], and come 8:30 A.M. sharp, we’ll get the math oracles at the governments “Bureau of Unicorns & Fairy Tales” to give us the monthly Non-Farm Payrolls [NFP] for June. Oh joy, as once gain we can learn how many waitresses and bartenders got those high paying “jobs” at Applebees, to push the U.S. economy thrusting forward. I, myself, with my own eyes, have seen the ads in the storefront windows, the sides of buildings, and on factory fences. Well, cheer up Lads & Lassies, cuz the government is here and they want to help.

“Proof positive there are plentiful jobs available in America!”

Just recently I came across some undergraduate thesis projects, which only goes to show the level of academic rigor now practiced at America’s finest Libtard universities. The level of straightforward logic and academic rigor is breathtaking; I see a bright future for this person as an analyst on Wall Street, or even better, a “talking head” on CNBC, cuz they definitely got “what it takes”.

“You do believe in the science of advanced mathematics don’t you?”

And like OMG for sure Dude, it’s a beautiful thing to behold, cuz all those recent indoctrination grads [a/k/a college grads] in Libtard Nation are having a tough time getting a good paying job with their “Transgender Climate Change” B.A., or the B.S. in “Ethnic Studies” [with a solid minor in “White Suppression”], and it appears [hard to believe I know] it’s kinda tough getting a good 6 digit paying job, with full health benefits, 12 weeks of paid vacation, and time off for protesting anything Trump. Well, whatever happens don’t worry, cuz Mom & Dad’s basement is always there for you!

Turning to today’s market … NFP is [trumpets blaring, the clouds part] …. 179K expected versus 222K … stock indices pop, then fade, and after the open it’s a chopfest with short covering rallies that evaporate as quickly as they start. Looking at the daily candlestick chart, today looks and feels like a “dead cat” bounce; more than likely there is selling lined up above 21400 - 21450 to make things difficult.

Again, forget NFP … it’s the “setup” that matters, and today’s setup to be blunt … stinks! … Market got “monkey hammered” into the close, and now opens higher and tries to go higher the next day [today] … this is a worst-case scenario for higher prices later today that you can dream up. It isn’t that it can’t happen, it’s the fact market history tells us it is very less probable, and is likely to disappoint if you buy the rally.

Of course, coupled with the fact the market is about 100 higher here in early afternoon, and a “vapors” rally from the central banks Sunday night most likely taking us another 70 higher, we will open up Monday like nothing had ever happened from 21500. And just like that … it’s soooooo easy when you got the CNTRL-P machine isn’t it? Who needs market action? Simply take it there on nothing!

Even outside of the fairy tales job report and into the trading day, action has been a nightmare; nothing but chop and M1 spikes, with totally nothing in between. One glance at the M1 candlesticks, and it’s obvious you can’t be long or short and not be extremely nervous; all it takes is for the SP500 to go 0.1 index points and the Dow30 lurches against you anywhere from 3 – 10 points, depending on where the scumbag LP has stops he wants to run … throw in slippage, and in a 7-10 point range, and you’re a guaranteed loser.

One trade today; really just a nothing burger 1 point profit. After I got long, the SP500 starts to rally and the Dow30 does nothing; when the SP500 stops rallying [2 full index points higher] I liquidate, simply cuz I know how this rodeo gets played; all it takes is for the SP500 to go down 0.1 points and the Dow30 LP drops the price quickly. Sure enough, that’s what happened, and off of that 20 point slide comes the SP500 straight up to a new high. Of course, the Dow30 gap spikes and it’s off to the races … since then, absolutely nothing on this “chopfest” NFP Friday.

Here at the close, this is one of the worst trading days I’ve seen in a while; a little song, a little dance, a little seltzer down your pants. Literally, M1 spikes and then nothing … rinse & repeat a couple of times… that’s pretty much the story. Sure, NFP always skews things, but even forgetting that, today wasn’t trading … it was gaps up/down with no trade flow at all. It’s Friday and summer time, and after NFP this morning, it looks as if many traders said time to go home … you really can’t read a whole lot into this day once the NFP report was out of the way. Onward & Upward!

PAMM spreadsheet directly below.

Time for the beach … me & the ice cream “king” dog are outta here … until Monday mi amigos.

Have a great weekend everybody!

-vegas

OUR TURNKEY FOREX  “PAMM/MAM”  IS NOW OPEN AND OPERATIONAL; SEE “PAMM/MAM MANAGED MONEY PROGRAM” IN “DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND START YOUR JOURNEY FROM WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”! 

INTO THE ABYSS

“Wait … what? Whaddaya mean you want to talk with me?”

Every trader has that moment, when discipline ebbs and the desire to do “stupid shit” comes over him/her; if you haven’t had it yet as a trader, hang around a while and believe me, it will show up. What separates us all, is how we handle staring into and talking with “the abyss”. “What happens when after getting monkey hammered, it doesn’t come back”? Cuz, here’s the “newsflash” for everyone; someday, at some point, the Dow30 & SP500 are going to go down hard early, and not come back up, as the central banks back away and let it fall. I’m not here to say it’s gonna be today, tomorrow, or next week, or whenever, just that it is going to happen. There will be, however,  one key element that will not be present when it does, and I go over that point in the version 4 algorithm manual, that I’m about 1/3 of the way through writing. I’ll leave it at that for now.

Learning how to read “the abyss” is important, but not something a whole lot of traders want to think about; you can’t go to ‘Barnes & Noble” and get the trading book, “How NOT to Lose Your Ass Trading”!, cuz it ain’t there cuz nobody will buy it. Case closed. But as I have often said before, some of my very best trading days in my life, have been days where I either broke even for the day or lost something insignificant, instead of getting obliterated; given a profitable position and a strong trend, any chimp can manage a gain.

And it is vitally important to remember the “function & purpose” of the “Plunge Protection Team” [PPT] specifically, and the central banks generally. Outside of the SNB, which uses the CNTRL-P machine to print Swiss Francs, then sell for Dollars, and then buy Apple & other tech giants, the G3 [FED, BOJ, & ECB] simply wants to stabilize prices and keep negative sentiment away from turning into a full-fledged 1929 and/or 1987 panic. That would destroy investment sentiment, consumer confidence, and put the public in a sour mood to re-elect the Pols who dish out the favors. Under any and all circumstances, the PPT isn’t there to “sop up” selling on the way down; they aren’t going to take on the multi-billion dollar hedge fund guys who want to sell [for whatever the reason or reasons]; instead, they wait until the selling has waned, having heard from the various scumbag banks they are in bed with [round up the usual suspects like JPM, Vampire Squid (GS), MS, and some others as well] that the selling is over from “fund A”. Now, they come in like a herd of bulls and bid prices higher faster than you can say, “Whoa, WTF is this”? And when it is over, “fund A” look like idiots and fools, having sold into the lows, and in addition, any retail spec account that overstayed his/her welcome at the “short party” gets carried out in a stretcher to the ICU at the trader’s hospital. And in the process, and in a very short time period, negative “sell sentiment” gets taken out back and shot in the metaphorical head.

Please understand, that while we all know the morons that run the FED sit in the faculty lounge and are totally clueless, along with the other credentialed elite who constantly fight the depression of 1929 with tools that are simply wrong, they aren’t stupid. Certainly, they can sniff out market attitudes, read investor sentiment, get a handle on institutional order flow from their bank partners in crime, and have a myriad of ways to influence markets. However, nothing will get “your mind right” if you are short the stock indices, than you getting caught in a PPT mini-melt-up, that feels like you just sat on a sharp stick … “Oh my, suddenly my tonsils hurt”! After that, all that sell sentiment goes “buh bye”!

Turning to today’s market, it would have been far better for Dow30 price levels, if yesterday’s late afternoon rally back up to 21500 had not occurred; basically, on the daily candlesticks you’re looking at a “hanging man” formation near the top, which is bearish going forward. Simply put, yesterday afternoon’s rally stole buying power into today, and with the rise in Asian & European interest rates overnight [especially 10 YR. JGB’s & Bunds], you get another waterfall on the open.

I don’t want to get into the reasons; they will be fully explained in the new version 4 algo manual, but today is/was a “classic” case of “beware” for longs, or anybody who wishes to BTFD in today’s action. In other words, coming into today, the “setup” was ripe for another waterfall, followed by short bursts up [go ahead, pick the eventual number] that then get quickly sold to another new low … OK then, which “low” do you buy, if the first, 2^nd, 3^rd, or 16^th leg down is the eventual bottom? … No worries amigos, the manual will tell you; and for those paying attention to my earlier posts, this is used in conjunction with the “general” rule of NOT buying anything past the 4^th or 5^th low under the New York open as an “AUTOMATIC BUY”. Just as an aside, I just finished the statistical work, and didn’t have the rough probabilities figured out and analyzed before last Thursday’s big drop that produced a shipload of new lows on the 250 point Dow30 drop that ensued; if I had the data, that low of 21207 gave an “OK to buy again on breaks” about 10-15 minutes later around the 21260 level … subsequently, although we didn’t know it at the time, the market proceeded to go straight up the next 48 hours to 21575.

Which brings me to today; down sharply on the open, and the best rally of the day, we captured a good chunk of it and made back yesterday’s loss [less commissions] … and after that PPT inspired 11 minutes of straight up, the Dow30 has been in “sleepy time” mode ± about 15 points; from an algorithm standpoint, the “setup” was perfect for a PPT blast higher. Who knows what comes next.

About 1 ½ hours to the close, and outside of that one PPT induced blast higher, there isn’t really anything to cheer about from the long side of the Dow30; a very strong EURUSD via higher 10YR. Bund yields leading the list of headwinds the market faces today among others. The market is only about 10-20 points off the low set in the first hour on the waterfall down; as I said earlier, “what if it doesn’t come back, and instead starts to hit new lows after 2:30 P.M. and into the close? Central bank bids disappear cuz they get word from the banks selling is building up into the close, and they simply go grab an ice cream cone and leave the market alone … and if that happens and you’re long, then what”? And as we head into the last hour of trading today, it’s a great big game of “chicken” in the Dow30 & SP500; can they hold it above the low, or do we clearly go lower? I’m hoping for lower, cuz this stuff needs to correct the imbalances and at the same time increase volatility. From these levels, any increase in volatility will be a gold mine for us going forward.

Well, that escalated quickly, didn’t it? New lows, and the race to the bottom is on; $64,000 EXIT QUESTION: “When do the central banks come back and say ‘enough is enough’? Quite frankly, I don’t have a clue, but for me it isn’t nearly as important as a pickup in intraday volatility … that matters most”. Not really any big sell stops that got set off, more like a grind lower … that will change if the SP500 can’t hold 2410 and then 2406, which is the big level along with 2400. If those give way, the potential for very big trouble on the downside grows exponentially. In any event, we’ll be there! Onward & Upward!

PAMM spreadsheet updated and current directly below, after last night’s umpteenth tech support session; don’t get me wrong here, the tech people at Microsoft are pretty good, but I try and remember this stuff [sophisticated software with millions of lines of code] has a “life of its own”, and even the best sometimes can’t figure out what the hell is going on and why Windows 10 keeps screwing it up; hopefully, this is the last fix I need, cuz I enjoy using Office 365. And what I can only describe as a “great omen”, the guy last night didn’t say “no worries … it’s forever fixed! … that’s always the kiss of death”!

“Look deep into my eyes … I need vanilla soft serve from DQ … got it?”

Beach time … the dog is looking at me [above], sitting here intently burning holes in me with telepathic thoughts … and so I say, “Ok, let’s go to DQ, whaddaya say?!!!” … and of course his immediate reaction directly below … what a drama Queen! … we are sooooooooo outta here … until tomorrow.

“OMG! … It worked! … I can control him!”

Have a great day everybody!

-vegas

OUR TURNKEY FOREX  “PAMM/MAM”  IS NOW OPEN AND OPERATIONAL; SEE “PAMM/MAM MANAGED MONEY PROGRAM” IN “DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND START YOUR JOURNEY FROM WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!

NOTHING NEW UNDER THE SUN

“Good advice for trading!”

The dog ate more than I did yesterday; but still, it’s great to celebrate traditions with family & friends yet once again. And as I get older [gracefully to be sure] with each passing year, I love the look on kid’s faces when they see some good fireworks.

So, it’s the day after the 4^th ; markets return and today we get FED minutes from the June rate hike meeting; oh joy. More mindless BS from the faculty lounge; I’m sure the word “transitory” will be in there at least a few dozen times.

Turning to today’s market … OMG, the market discovers gravity on the open. A shipload of trades today, and this market belongs in a mental institution; straight down, straight up, then go sideways for hours in a 15 point nothing burger, and now the glacial drift to nowhere in a classic “Flying Wedge of Death” [FWD], which I have stated before is the #1 guaranteed losing trading action most professional traders get hurt from and would rather kiss Dracula than trade knowing it’s a possibility. As if that’s not enough, throw in more slippage from the scumbag LP, and an increase in the spread from 2 to 3 points [for what exactly?], and it’s a miracle I’m only down a few tenths of a percent. Again today, a literal massacre on the downside to start things, where the first attempts of off some lows get obliterated in seconds via sell stops, and then the turnaround where once I liquidate after a nice pop 20 points higher, it hangs there for a minute and then blows higher without a care and never comes back down again the rest of the day.

Another day I feel like I’m getting bled to death with paper cuts by the Dow30; correlations with the other indices is out the window, and the only thing you have is the scumbag LP making a market, which you know going in is bogus; they run stops, and if you’re not perfect to a trade they hand out horrible slippage, where also today they increase the spread 50% … what’s not to like? I’m doing my best to try and not scalp this stuff, but the almost nightmare trading conditions set up by the LP some days can make life very difficult; today was one of those days. Literally, straight down 100 points on the open … then straight up, with a very good algo signal at the bottom that was my best trade of the day, and then a 50 point PPT blast in 13 minutes retracing about 85% of the drop … to nothing the rest of the entire day in a ± 15 point range chopfest, where here at the very end of the day, the Dow30 is trying its hardest to break above 21500 and kill more shorts yet again, but failed… first they kill the longs, now the shorts, and when the train starts going in one direction it has the potential to get “out of hand ugly”. In any event, the key here is relatively small losses … cuz when the other side comes, look out above! Onward & Upward!

And again, cuz this is really getting annoying to me, my Office 365 Excel is on the fritz, and again I have to call Microsoft, set up a tech appointment for tonight, and find out why the hell this keeps happening; and every time I get told it’s fixed now, no worries going forward …well, it better be, cuz after today if it goes out again I’m getting rid of it and switching to “Open Office. Org” which is free. I’ve had it with these clowns. So, I'll  I get it up & working again, either tonight or tomorrow and post the PAMM spreadsheet.

Beach time ... dog says "hi" . we're outta here ... until tomorrow.

Have a great day everybody!

-vegas

OUR TURNKEY FOREX  “PAMM/MAM”  IS NOW OPEN AND OPERATIONAL; SEE “PAMM/MAM MANAGED MONEY PROGRAM” IN “DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND START YOUR JOURNEY FROM WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!

HAPPY 4TH: PART DUEX !

“Hey! Hurry up with them steaks … Iz hungry!”

Holiday time is here, and I want to congratulate the Pols in Illinois for “solving” the state’s financial crisis on Monday; yup, you got it …  an approximate 35% increase in taxes on anything/everything in the state that can be taxed for 3 big reasons; 1) the “free shit crowd” demands moar, 2) the Ponzi scheme game with the ratings agencies [SP & Moody’s] has to be continued so they can borrow even more they can’t pay back eventually, so as not to be officially labeled “junk” [hahahahaha], and most importantly 3) you Sheeple in Illinois can afford it and deserve what you get for voting in these assclowns every election. EXIT QUESTION: “When the hell do you morons wake up and realize you’re being raped by a political class that is hell bent on confiscating your wealth and giving it to “freeloaders”, union thugs, and themselves, with ever higher demands each cycle”?

“Official State of Illinois emblem."

I guess the thought of cutting spending is either way above their pay grade, way too hard cuz “math is difficult” for Libtards, or the fact they don’t want to “upset” any of the freeloaders and members in good standing of the “free shit crowd” … cuz that means loss of votes, and it matters little if the world ends, they are there to “get theirs”, and by God they will see to it their salaries and pensions remain intact … no matter what happens to the state.

Meanwhile, the march of the self-anointed moral superiority of the “free shit crowd” continues unabated, as they demand their “rights”; of course, that means free cell phones, free college tuition for illegals cuz a “mind is a terrible thing to waste”, EBT cards filled every month so they can exchange groceries of others for 50% cash to indulge alcohol & drugs [this used to known as “food stamps”, but as we all know that had a stigma that caused “hurt feelz” among the self-anointed, so that led to a pretend bank card], free section 8 housing cuz you can’t expect me to find my own place to stay and pay for it [can you?], utility assistance cuz it gets hot & cold here in this hellhole and I gotta be comfortable, and the very big enchilada of free state Medicaid, which happens to be the big “black hole” money gets sucked into and never seen again.

Balanced against this, it’s simply amazing any living human being in this kitty litter box that actually produces anything, still lives there. How does it feel to be a complete chump & sucker in every way possible? Of course, the bandits in Illinois think that if taxes on everything goes up 35%, revenue to the state goes up 35% also … and this is what passes for intelligence among the elite … having been credentialed at the state’s finest indoctrination labs [a/k/a colleges], you can steal my money and I’ll just sit here and eat the bat excrement sandwich … see my shocked face at learning that Illinois leads the entire nation in losing population month after month … “look, you guys are 1rst in something … how proud you must all be”!

And I sit here and wonder just how long this “death spiral” can continue, knowing that the “producers” in Illinois know that they are footing the bill for a group of “Forever Freeloaders” whose “demands & rights” will never diminish but only grow by leaps and bounds … meanwhile the Pols tell you that you aren’t paying enough. “Seriously, how do you justify the rape; MY MONEY AIN’T YOURS”?

Markets are closed today; the DAX30 is basically dead, nothing there but trouble. Markets reopen tomorrow, and we got FED minutes from their June rate hike meeting at 2 P.M. eastern as the day’s main event.

Current and updated PAMM spreadsheet directly below; you’ll notice some new columns after AUM on the far right. Starting today July 4, 2017, I’ll be keeping track of “Gains” [profit more than $100], “Losses” [losses more than $100], “Scratches” [± $100], and running total from 7/1/2017 for “Largest Gain”, “Largest Loss”. As weeks and month pass, it will give a good “snapshot” of the PAMM’s performance with the “Version 4 Volatility Algorithm”, which by the way will be the last paradigm shift in trading we will ever see short of a literal revolution.

Time for the beach, another BBQ… and of course, the dog thinks we should do this every day!  … until tomorrow … have a good Holiday!

Have a great day everybody!

 -vegas

OUR TURNKEY FOREX  “PAMM/MAM”  IS NOW OPEN AND OPERATIONAL; SEE “PAMM/MAM MANAGED MONEY PROGRAM” IN “DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND START YOUR JOURNEY FROM WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!

HAPPY 4TH !

“How many 4^th of July’s are left before it’s over?”

I see on the newswires, while Libtards get trolled “again” by President Trump, who lives ‘rent free” in their heads, that Ex-Preezy Chalky Soetero says from Indonesia that Americans shouldn’t get “too nationalistic” this 4^th of July. Wait … what? “Oh, God forbid, that people should celebrate the birth of our great nation … you know Chalky, the one you tried to destroy but couldn’t quite get the job done … not a surprise really, cuz everything you touch turns to bat guano in seconds … this is a country you hate, and tried to do everything you could to weaken … people went to the polls in November 2016 and not only REJECTED Cankles & crew, but rejected your socialist agenda and legacy as well. Seriously, I’m gonna listen to you? STFU and go bend over on your prayer rug”.

Also on this great Holiday, future generations can look back and recall that this was the end for Illinois; as corrupt a cesspool of Pols & their attendant “free shit crowd” of voters that you will ever come across, where everything always is and always will be paid by others … not to be outdone, New Jersey, Connecticut, & Maine are vying for “honorable mention” honors to see if their state Pols can match anything Illinois does … alas, they’re all  “Pikers” when compared to the stench from the “Land of Lincoln’.

Meanwhile, I’m left with the thought of simply this; “how much longer does this country have until it’s all over and done with”? Every great power the world has ever seen, has had its rise and then its fall into oblivion; history always tells us in hindsight the precipitous fall comes from within, and one quick look around the headline news would literally shock anybody waking up from a 30 year “Rip Van Winkle” sleep. I’m pretty sure past generations of Americans would be horrified beyond belief if they could see the country now. Oh, but wait … stock prices are higher so everything is OK. When the last decent, God fearing, & righteous man is gone, the country will be over; and we are a helluva lot closer to that than ever before.

Oh, see my shocked face … stocks higher overnight on “vapors”, sitting on their high for the day as we limp into the New York open in about 2 or 3 hours … something about Chipmunks gotta be “chipmunking” is surging through my head, cuz the only thing that cures stock fever is to buy moar! …  I’m sure the “talking heads” will find something supportive, like Iceland GDP & new car sales were “unexpectedly” higher, so that means the Dow30 is up sharply on carryover. This is what passes for “logic” in today’s financial markets.

And no doubt, today has all the earmarks for “price creep”, and then the 2 or 3 M1 breaks, and at the end of the day nothing has happened … by 1 P.M. today [markets close early today at 1 P.M.] there won’t be 5 traders in New York who give a crap. Everybody comes back on Wednesday morning and the indices are sharply higher from Friday and Thursday; meanwhile, the market gets the “kitchen sink” thrown at it this last week and we’re down approximately a “whopping” ¼ of 1% from all-time highs in the Dow30 … again, I’m left wondering how long central bankers can attempt to control volatility before it gets out of hand and brings the whole “shebang” crashing down? Cuz the longer they deny reality and prop crap up, the worse the crash … there’s a part of me that thinks the FED is engineering a crisis to blame President Trump, to cover their tracks of mismanagement and policy errors over the Chalky Soetero regime’s 8 years, and that the MSM will more than be happy to deflect FED misdeeds and place them squarely on President Trump.

Turning to today’s market … early close, so Dow30 is only open 3 ½ hours today … not sure how active today is going to be, or whether or not I’ll trade today … there just doesn’t appear to be anything here. Until the open that is, when once again the “Plunge Protection Team” [PPT] comes roaring in to make sure you understand prices will not be allowed to go significantly lower … got it? You’ll notice, this ALWAYS happens either 1) overnight, 2) within 10 minutes or so from the open, or 3) right near the close … these happen to be the markets most vulnerable times for manipulation, and it explains a whole helluva lot.

Well, that escalated quickly didn’t it? … Let’s see, SP500 fiddle farting around 2440, NDX100 getting “monkey hammered” lower, the Dow30 going to new all time record highs straight from the vapors open … what, me worry? Excuse me on this Holiday shortened day, but today again makes me wonder if I walked from the bedroom when I got up, and right straight into another universe, cuz this one makes zero sense. But, as I said in an earlier post, and predicted this new all time high, once you understand how they manipulate the market higher, at least it won’t be having you go insane.

Coming into today, I’m not really looking for any real activity … if I can get a break I’ll buy it, but I’m thinking once I saw the vapors from overnight, there was the very real possibility of the PPT screaming this higher into the Holiday and totally crushing shorts from last week … remember, they don’t sop up the selling, they simply are there when you are done to ramp it higher and make you look and feel like an idiot, taking the market ever higher and forcing you back in at much higher levels … this is what they do and how they operate. Period. And if anybody can explain to me what the hell is going on and why the Dow30 is at all-time highs, while pretty much every other stock index in the world is either getting crushed or simply sitting there and doing nothing [hello SP500, somebody is calling], please, I’d love to hear it.

Last week, up until Friday, this market couldn’t hold an uptick … the Dow30 bid would rally from the low 21300”s and would be bid up 5, 6, or 8 points, and then … Boom! … 5 points lower on the bid in a millisecond. Friday comes, the PPT jumps in, then Sunday night vapors, and now this morning … BOOM! … higher straight out of the box to new record highs up almost 400 points since Thursday late morning carnage at the low very near 21200, and in 2 market days … one which is shortened … we’re up almost 400 points … ON FRICKIN’ WHAT EXACTLY? “I guess a FED induced depression along with higher interest rates is the ticket here … right? And the country is humming along with horrible “soft & hard” economic data, all the while states like Illinois are like Venezuela, public as well as private pension costs are close to complete insolvency, the social fabric is at DEFCON 5, and last but certainly not least Congress has shown no ability to do even the simplest of things and get it right … they are complete assclowns and the country suffers”! And to drive home my point, NDX100 is on its low for the day, the SP500 is close to its low, and while the Dow30 is off its high, its still at record all-time highs … simply put, in the paradigm of central bank markets, all correlations are breaking down, and everything is a direct result of the “whim” of a group of elitist Twits, who decide what, when, where, and at what time any given market is “allowed” to go up or down … stocks, as you know and I have proven, are heavily skewed to the upside … everything else is a hit or miss whim. And, just to come in time to spoil your Holiday, a nice 100 point Dow30 drop on the close to make things tomorrow in the DAX30 interesting, as well as somebody telling the PPT they can have their portfolio cuz they are getting out. July may be hot in more ways than one!

Since basically today is a Holiday shortened day, and the Dow 30 really presented us with no breaks to buy, except here with about a half hour to the 1 P.M. close, it’s a minimal volume day looking for some scalps that can provide at least some alpha. In essence, a break-even day with one trade for some profit. Obviously, markets in U.S. closed tomorrow, but the DAX30 is open and will be somewhat normal, albeit without New York or U.S. guidance; if I see a trade opportunity there, I’ll take it, otherwise I’ll leave it alone if things get quiet … who knows, we’ll see.

This morning, just a little while ago, the “market history” portion of my master pool account on the MT4 becomes operational, about the same time I get an email with all the trades that were promised on Friday … ho hum, what else is new? Anyway, I just got them, so I haven’t entered them into my PAMM spreadsheet … in addition, since I’ve had time to think about it, I’ll be making another couple of columns with important info as well … I’ll explain in tomorrow’s blog. Look for the PAMM spreadsheet to be up tomorrow with the new look after I enter the data.

Time for the beach, then BBQ… dog says “Yippee!!”, steak, bacon, & ice cream … until tomorrow … have a good Holiday!

Have a great day everybody!

 -vegas

OUR TURNKEY FOREX  “PAMM/MAM”  IS NOW OPEN AND OPERATIONAL; SEE “PAMM/MAM MANAGED MONEY PROGRAM” IN “DOWNLOAD LINKS” SECTION IN RIGHT HAND COLUMN FOR DETAILS [VIEW ONLINE AND/OR DOWNLOAD] AND START YOUR JOURNEY FROM WHERE YOU ARE AT TO “ESCAPE TO SUCCESS”!