LOCKED IN A BOX

 

“Trading isn’t the only scary thing going these days!”   

You look at markets these days, and literally ZERO makes sense … e.g., I 

look at Tesla, and I can’t for the life of me understand why 1) anybody 

would want a Tesla, with autopilot failures, cars catching fire for no reason, 

and cars trapping people and locking them inside … and yet, the stock trades 

over $200 per share … “hell, it shouldn’t even be a penny stock” … then 

there’s gold, which of course I cover here … world debt is exploding, inflation 

is being deliberately hidden with statistical bullshit, and the U.S. fiscal 

condition worsens by the minute … yet, here we are watching gold melt like 

an ice cream cone on a sidewalk in Summer.

Today, we get the fairy tale jobs numbers from the Department of Unicorns 

& Fairy Tales, where math Ph.D.’s manipulate data six ways from Sunday, 

all the while quadruple adjusting numbers to insure job gains … it’s a 

completely rigged system, and has been for 40+ years … all bullshit, and 

exists mainly to manipulate people into thinking “Everything Is F-ing 

Awesome, Baby”!, when most of the time it isn’t. An added benefit, of course, 

is it pads scumbag LP bank trading desks with plenty of new found wealth 

… the money they steal after the first minutes from morons who are dumb 

enough to try and trade the numbers.

Some months are more important than others, so the pundits will tell you 
… the same CNBC & Bloomberg pundits who take their marching orders 
from their corporate bosses, who report to bigger big shots, who report to 
global elitists, who whisper in the ears of clueless FED Twits & other central 
banker types … “you’ll report what you’re told, or we’ll find somebody else 
who will” … and so the story goes … after a while, you become immune to it, 
and in the infamous words of Dr. Goebbels [paraphrasing], “tell a lie often 
enough and people will believe it’s true”. Nowhere is this effect more true than 
in ‘Murica.

Which brings me right back to the NDX100 … the fact is, it’s a manipulative 

marvel. Now, the FEDS aren’t stupid … the “Plunge Protection Team” [PPT] 

doesn’t sop up stock as the market goes lower … they’ll let you sell and take 

the index lower … however, when you’re done, they’ll shove it back in your 

face and not only give you losses, but make you look like a fool for selling 

… just ask all the now defunct hedge funds who’ve been calling for a market 

top since the index hit 3,000.

Including today, the NDX100 is in a 9 day boxed wedge … bounded on the 

low side by 7705 [taken out yesterday, but climbed back to close unchanged], 

and 7865 on the upside … “a little song, a little dance, a little seltzer down your 

pants”, where it’s nothing short of a complete “shitshow circus” of gaps down 

[Google & China news], gaps up [Apple], and chop in between … although 

yesterday’s range was good, most of the other days it has not … yesterday, the 

internal dynamics of the way stocks trade, was all messed up, and led to a big 

reversal day lower, that was subsequently washed away quietly in late 

afternoon and with overnight buying … “everything is good … nothing to see 

here Sheeple … move along now & buy MOAR! is the message being suggested 

… see, we made it all good”!

And, maybe it is good … all I know is we’re in a frickin’ 9 day shoebox, and 

while inside anything can happen. The obvious question here in May should 

be, “does the index go higher every week”? Cuz looking at the weekly charts, 

we’ve been higher 18 out of 19 weeks since Christmas Eve 2018. And going 

forward we get closer to the 2020 election [God help us, please], which on its 

own is likely to produce paralysis akin to FX. 

NFP report out … and as predicted, banks profit at spec expense, as price 
gets jerked around 30 points in 2 minutes for absolutely no reason … ho hum. 

One algorithm buy signal today … PAMM up a couple of bucks.

I entered the long position, and to be blunt, “we got ripped off” on the fill 
… so, using my rule on fills that aren’t what they are supposed to be, and are 
off the market significantly, when the position shows a profit, I liquidate it 
… say what you want, this rule has saved my ass more times than you can 
imagine … although today, NDX100 is simply “slow crawling” higher and 
ripping the Google & China news shorts a brand new one.

I want to be clear here … this isn’t a Turnkey problem, it’s the scumbag LP 

bank who filled the order … hard to tell if it would have been the same 

anywhere else … probably not, but I’m willing to give them the benefit of the 

doubt on this one … remember, it’s NFP Friday, and bank computers are set 

for “double screw ‘em, MAX slippage” fills, so they have a ready excuse to feed 

anybody who will listen, even though not much was happening when I got the 

buy signal. Still, it pisses me off we gotta deal with crap like this.

Looks like the afternoon is gonna be slow, and I doubt we move higher from 
the 7830’s … could be wrong, but it looks and feels like chop the rest of the 
day here at Noon EST. … onto next week … blog update Sunday night 
… until then mi amigos … Onward & Upward!!
 

Have a great weekend everybody!

-vegas

 

A SPECIAL DAY IS UPON US

 

“Read the business plan over in “Download Links”, or the dog gets it!”   

For the last few months, I’ve teamed up with a reader/client like many of you 

reading this … we’ve formed a company called “Red Glass Capital, LLC” 

[RGC], and we are now actively raising equity capital from various venture 

capital sources. Over in “Download Links” are 2 new files; 1) RGC Business 

Plan Executive Summary [5 pages in PDF], and 2) RGC Business Plan 

[24 pages in PDF]. I’m making our business plan public to my readers / 

clients, through my blog site, because it isn’t available publicly anywhere else.

The reason this matters, especially to me, is twofold; 1) I don’t do anything in 
the “dark”, and more importantly 2) I want to allow those people who are 
interested in our business the opportunity to join us, if they so desire. Now, this 
isn’t some attempt at selling unregistered securities, so you attorney types out 
there can unwind your “big girl panties” and take a deep breath. First of all, 
we’re an “LLC” [Limited Liability Company], NOT a C Corporation with 
stock & shareholders, Board of Directors, Officers, etc. We’re a partnership, 
where we are the general partners, and no matter who comes on board and 
funds our venture, they are limited partners. As such, we don’t need 
anybody’s permission to have one limited partner or 5 million limited 
partners.

I’d like to point out, though, that the business plan is our “blueprint” for 

success as a company. We’re most definitely NOT a “one trick pony”  

company, as you’ll soon discover when reading the business plan. If you 

choose to read it [remember, the dog dies if you don’t … just sayin’], it is 

important to keep in mind some very important concepts; 1) the “synergies” 

across businesses, and how they each drive web traffic to each other, 2) the 

importance of our proprietary mobile phone app in reaching the entire world, 

3) the structure of our company and how we intend to MAXIMIZE partner 

profitability, and 4) the very small costs in order to achieve our goals. “Hey, 

we talking about reaching 3+ billion people here”!

All of our business priorities you’ll be somewhat familiar with, but the  

“financial services side” of the company, many will be most familiar with cuz 

you read my blog. In any event, after you read it, if you’re interested and 

have questions / comments, simply send me an email and I’ll respond ASAP 

with a personal message back. If you’re not interested, that’s fine too … at 

least you can’t email me someday and say “if only I knew”, and somehow I’m 

the asshole cuz I never said anything about it … like I said, we’re not 

attempting to “sell” anything … this is “informational” in scope, and people 

can decide what they do with information.

So, what else is new today?
 

Oh right, “Everything Is F-ing Awesome, Baby”!!, when it comes to the 

economy according to Pie Hole Spicoli yesterday afternoon … a group of 

random retarded kittens could do a better job than the asshats at the FED 

… but, if your objective is to screw the middle class of ‘Murica, while 

enriching the 0.001% financial elite, then they’re doing great!

Meanwhile, over in gold land, the sell side manipulators did it again to the 

specs, as they roll the rock up the hill, suck in some new longs via MT4 

indicators, and then drop it like “Thelma & Louise” in short order … rinse, 

repeat endlessly over time, this time being iteration #4.876,903 and counting 

… “if you got the money, they’re willing & able to take it away quickly”.

The question for the NDX100, though, is what now after the FED drubbing 
from yesterday? … we’re already 40 higher as the sun rises in New York, so is 
this the proverbial “dead cat bounce” before we head lower again, or do 
buyers step in and bid it back up? … remember, stock indices are “80/10/10” 
markets, so sell at your financial risk … just sayin’.

On the negative side, though, yesterday saw the worst day for the NDX100 

since 3/22 … so what does it do when it opens the new day? … of course, it 

rallies and has yet to move lower … makes perfect sense, not quite … we’ll see 

what happens.

It’s afternoon in New York, and the entire day has been another excursion into 

either the “Flying Wedge of Death” [FWD] or a massive reversal … up until 

recently [as early as 2015], we didn’t see these very often, maybe a handful of 

times per year … now, we see them all the frickin’ time, which again is the 

result of market manipulation … today sees the “setup” in the NDX100 all 

wrong … what we needed to see is the market lower from 7721 as the sun rises 

in New York, and we’re still a few hours from the open … instead, it’s put the 

blinders on and buy MOAR! … I will note, that for the last 8 days, including 

today, the NDX100 has been in a sideways wedge bounded by 7705 - 7865, and 

today sees that lower boundary get taken out on … wait for it … China trade 

talk news … we got over 3 hours to go to the close, and we’ve erratically 

bounced about 40 points off the low for a retracement high, but looking at 

the bigger picture, this market has been up 18 out of 19 weeks since 

Christmas, and needs to see some retracement activity … the timing today is 

all wrong for buying, messed up from the “get go”, and if selling shows up 

this afternoon after 2 PM EST, it’s got the potential to get ugly. Not a day I 

want to be “out on a limb” buying while the entire universe is selling and 

taking massive profits from the Christmas run up … in short, we need to see 

a lower market in the early AM [7 - 9 AM EST], and then we can get a good 

rally. This day ain’t it.

So far, since the low after the China news, it’s been a haphazard “3 steps up, 

2 back” kind of rally, and then … BOOM!, lower in seconds … and all we’ve 

really seen is the “loser formation” … bomb it off the high of the day, and then 

after the low … sideways … if you got caught in it, there’s no way to make the 

money back … NO WAY … and that, quite frankly is prevalent in many 

markets today.

Generally speaking, I don’t like taking new positions after 2:30 PM EST in 
NDX100, simply cuz there’s no time if you’re wrong to recover anything. 
Today isn’t gonna be any different. Here at 1:30 PM EST, the daily 
candlestick is a “doji” … translation: confusion all around … quite frankly, 
it’s been a mess all week; first Google [down], then Apple [up], then the Twits 
at the FED [first up, then down], and now today [first up, then down] with 
the China trade talk news … all in all, it’s a big fat recipe for losses, and the 
market is right where it was 8 days ago.

So far today, no buy signals from our proprietary NDX100 algorithm, so no 

trades today. Tomorrow sees NFP Friday … oh joy, oh fun, … literally the 

worst trading day of the month to get “jerked around” from the scumbag 

LP’s. It’s 2 PM EST, and I’m outta here … until tomorrow mi amigos 

… Onward & Upward!!

  

Have a great day everybody!

-vegas

 

ANOTHER BIG PILE OF POO DAY

 

“Amazing, every time the FED meets, we get this afterwards!”   

Oh, isn’t it glorious? … nothing says irony better than European bourses 

closed today for international “May Day” celebrations … “yes, gather around 

the Maypole, and join the festivities, as folks reminisce about the 200+ million 

people killed over the last century, all for the glorious “people’s revolution” 

… although, not apparently those that died … proof positive Europeans, on the 

whole, are dumber than a box of rocks”. Just another trading day inside a 

 “Holiday atmosphere” [Dear Lord: I wanna puke!].

But, the stupidity of celebrating thugs, communists, anarchists, dictators, & 
other assorted authoritarians, doesn’t stop there today, as once again the  
“Oracles at the Eccles Building” blind us with bullshit starting at precisely 
2 PM EST … and of course, markets will hang on every breathless word 
spewing forth from the Pie Hole a/k/a Jeff Spicoli, who as chairman of the 
Oracles, couldn’t get a job at fucking WalMart as a greeter, if judged on 
merit. Remember, this is the outfit since their inception in 1913, that has 
debased the purchasing power of the U.S. Dollar over 99% … continues to 
flood markets with QE … and most importantly, has the CNTRL-P button 
for the “Plunge Protection Team” [PPT], that overtly manipulates financial 
markets for policy purposes … what a track record, huh?

Noon in New York, as we await to see what the clueless do at 2 PM EST, and 

everywhere you look, besides oil, it’s a complete “shitshow circus” … again, 

when you have tiny ranges, you’re going to get the “Flying Wedge of Death” 

[FWD] to appear frequently … and why not, cuz it’s so easy to shove 

anything a few points and get the lemming specs to bite, just like you want 

them to. Anywhere else, this would be criminal.

And since it’s afternoon in New York, here comes the FWD in full force, now 
that we’re hitting new lows for the day … “but, but, but Apple”! … and if the 
FED comes in a little stingy in the dovishness, it’ll be lookout below come 
2 PM EST … and for those of you wondering, yea this is why I sidestep shit 
like this on FED days … it’s a complete “coin flip” crapshoot where nobody 
but the scumbag LP’s win. “Are you not entertained”!

And to put a cherry on top of this FED cupcake, Turnkey goes dark right at 

FED time for 4 minutes … “cuz you know, a “glitch” … how many fucking 

“glitches” do you get a year before you realize this place can’t ever keep their 

damn MT4 platform working … seriously, these guys piss me off to no end with 

their constant bullshit of “we’re working on it & going to fix things”, and then 

NEVER do”!

Well, now that I have a working platform back [cough, bullshit, cough], it 
doesn’t appear the Twits have made any impression on anybody … a race to a 
new high for buy stops got faded like a cheap suit in sunshine, and we’re back 
down to where we were before Google messed up 2 days ago … now what? 
How many FWD new highs & lows have we hit today so far? Twenty five 
minutes after the report, and trading activity is dead … so, now looking to 
Spicoli’s presser, who’s gonna panic first in NDX100 stocks, the longs or the 
shorts?

“Well, that escalated quickly to the downside, didn’t it”? Seems Spicoli just 

threw rate cuts overboard … and so Natch, the third new low for the day on 

some sell stops … probably from those, that 45 minutes ago had the buy stops 

hit off … and people sometimes wonder why these kind of days are to be 

avoided? … wonder no more mi amigos.

So, onto tomorrow, where we’ll pick up trading … until tomorrow mi amigos 

… Onward & Upward!!

Have a great day everybody!

-vegas