MARKETS ARE COMPLETELY BROKEN

“You are destined to be a trader my boy!”

I’m simply absent words to describe stock indices these days, although you can

throw in the FX shit along with gold & crude oil for shits & giggles as well, cuz

they’re completely broken markets as well … FUBAR top to bottom … thanks FED,

your manipulations have done a bang up job … quite frankly, central bankers the

world over should be lined up against a wall and shot for what they have

unleashed … truly pathetic, regrettable, and criminal … and what we end up with

are days like yesterday and today in the NDX100, where 100+ index point moves

within 10 minutes are littered all over the place, along with the scumbag LP banks,

led by Turnkey’s mob of thieves & crooks handing out slippage of 10 - 20 index

points on fills … you can’t trade this, you simply can’t, unless you’re a gambling

junkie, cuz that’s what it is … with fills from hell, dishonest bid/offer spreads, and

volumes disappearing before your very eyes, you really would have better odds

playing Keno.

Overnight, try as they may to keep the NDX100 from falling, news flow once again

catches up with the “Robinhood traders”, who never met a NASDAQ 4 letter

symbol they didn’t love or think should be at $3,000 per share … and these

Millennial dopes have been fleeced rather nicely … so far since the open, M1

ranges are averaging 30 index points … add the “triple fuck you” slippage from

the usual suspects, and tell me again what I’m supposed to do with this shit?

… meanwhile, the DAX30 is in the corner sitting this one out with a pathetic range,

and not at all surprising given the circumstances … that market doing ZILCH.

And as we head towards the Noon hour in Gotham, markets are a bag of shit on

fire waiting for you to step on the largest bag … volumes & liquidity a fucking

joke … THERE IS NOTHING HERE! … there isn’t any trading, only lurching at the

speed of light to fuck spec buy/sell orders or stops … there is ZERO flow to

anything, although I’d look for the scumbag banks to let the NASDAQ rally so it

can be crushed in seconds, and that’s exactly what we’ve seen the first part of

this day … this is truly pathetic on so many levels … a pure reflection of society

as a whole IMHO.

Yesterday’s clusterfark only the second time in 12 years the NDX100 has been

up 2%+, and finish the day down -2%+ … the other time in March on the CHICOM

WUHAN KUNG FU FLU … I don’t think you can overlook the significance of the

key reversal yesterday and the damage done … at best, some backing & filling

before this rally resumes, and at worst it’s “look out below” … how many times

today did the FOMO crowd get royally screwed buying rallies? … only to see

price get crushed in seconds, sometimes brutally.

No trades today in the TURNKEY PAMM / MAM.

Why no trades? … cuz I’m not giving these LP assholes 10 - 20+ index points in

slippage on every “Hoover Dam” trade … 30 minutes to the close, and it's a daily

candlestick doji on the chart … where have we gone? … and yet, slippage is far

worse than I think I’ve ever seen before … that bid/offer quote is nothing but a

mirage … they fill you where they want to fill you, and depending on the

“greed level” they happen to be at, you’re gonna get bent over a railing … no

thanks … this is as bad as I’ve ever seen it … sure plenty of signals today, but

where / how do I get out when I have no fucking clue where my fill is gonna be?

… some of these M1’s today had slippage in excess of 40+ index points!

… simply untradeable under these conditions … and on a “doji” day no less,

which makes it all the more reprehensible & pathetic, cuz no matter long / short,

you click the button you’re gonna wish you hadn’t … hopefully some semblance

of sanity returns tomorrow, and I’ll pick it up again then.

… until tomorrow … Onward & Upward!!

-vegas

CASINO NIGHT AT THE INSANE ASYLUM

“For LP’s who don’t constantly screw us!”

Nobody knows anything, nothing means nothing … every day seems like a trip to

“The Twilight Zone” where all of the inmates are given chips to play … today no

different, as the mindless listen to the ChiComs overnight and ramp stocks ever

skyward … vaccine hype the “talking heads” say … EXIT QUESTION: “do we

even have ONE VACCINE that works against the common cold or the common

strains of flu? … hell no, and never will, as the virus mutates and “learns” to

defend itself … but never mind, it’s up/down at the speed of light as the scumbag

LP banks whip this shit around like dice on a craps table.

We start the day with the DAX30, which for 11 ½ hours is controlled by the 

ChiComs, and their horseshit markets … then it’s about 11 hours where the U.S.

calls the shots … doesn’t leave much time for Germany’s “Dinosaur Index” to

trade on its own does it? … and of course we ramp stocks higher right out of the

NYSE gate, what else is there? … I’ve said it before and I’ll say it again, markets

are losing their ability to actually trade in any recognizable, historical way

… almost everything is panic up OR panic down, with “Hoover Dam” little in

between … the NDX100 sees that today in spades.

Multiple algorithm signal trades today in NDX100 … TURNKEY PAMM / MAM

DOWN SLIGHTLY MORE THAN 0.1%

Slippage today a MAJOR problem at Turnkey … new LP’s sure, right … simply

beyond horrible, and is the sole reason the MAM is down a fraction and not up a

fraction … nothing I can do about it, it is what it is … quite frankly, it’s a minor

miracle I wasn’t down more … a few seconds later on some of the liquidations

and it could have been really brutal … volumes upped to MAX today, so take the

paper cut into proper perspective.

… until tomorrow … Onward & Upward!!

-vegas

SUNDAY UPDATE: ADDING THE NDX100

“Tulips versus NASDAQ … what’s the difference? … only the names!”

Today sees me add back the NDX100, simply cuz between the 2 of ‘em [NDX100

and the DAX30], we get the biggest “bang” for the reward / risk ratio during the

trading day … with practically every central bank in the world embarked on

infinite QE & monetization of their debt, it’s hard to see what ends the stock

market bubble … eventually it will end, but the tulip investors never had central

banks engaged in the stupidity of this moment, so it can go on for a lot longer

than anyone imagines … the end, though, will be like all bubbles that end, and

another generation that swears off stocks forever.

Directly below, the 20 Day Range MA’s for first the DAX30, followed by the

NDX100.

DAX30

click on ANY image or chart to enlarge

NDX100

… until tomorrow … Onward & Upward!!

-vegas

CLUELESS EUROPE & AN INSANE U.S.

“Checking that NASDAQ ticker tape again from space I see!”

I don’t have a lot of nice things to say about Europe … their markets are bullied

by China at night, and mugged by the U.S. during the day … in other words, most

days they are clueless about direction, waiting for somebody else to tell them

what to do … but they learn quickly the habits of the scumbag LP banks on the

other side of the pond, and can mug & rape orders just as easily as the best

of ‘em … the DAX30, a perfect blend of neurotic psychosis Europeans love and

then hate, all within 5 minutes.

The entire week has been one of “can’t rally, can’t break” inside tiny daily

ranges, where panic up, then panic down, rinse & repeat is the norm … trading?

… fugetaboutit! … it’s all straight up or straight down with nothing in between,

as the banks run stops, front run corporate institutional orders, and generally

create havoc for their own benefit … getting algorithm signals out of this bag of

shit week has been very tough … and if you’re left dangling at the end of a run

the wrong way, good luck cuz they will squeeze you until you bleed, and when

it’s all said & done, you’ll be hard pressed to make anything back.

Not that anything is better in the casino in the U.S., where the “Plunge Protection

Team” [PPT] is scared shitless to let stocks have 2 losing days in a row, despite

ever worse, worser, worser-er-er news on just about everything … no greater levels

of stupidity abound than in the casino of stocks, and Robinhood dumb asses can

be counted on to buy “anything & everything” with a 4 letter symbol [NASDAQ],

no matter how bankrupt the zombie company … the NDX100 in a complete & utter

fairy tale land of delusion that some day will end and leave countless millions

bankrupt, and of course, that level of stupidity transfers easily to the DAX30,

despite its abundance of zombie companies … some days I wonder what the

purpose of all this is for, simply cuz I see no collective economic benefit to anyone

but the fucking banks, who skim everything and then pay off the POLS,

Apparatchiks, & regulators to look the other way … scumbags, scumbags

everywhere!

I made the decision after I posted yesterday, that going forward I need a “Plan B”

… and that plan is the NDX100 … “yea, I know, Turnkey sucks in the NDX100 as

far as fills go, and their LP’s are among the worst in the world … but I simply have

no choice, cuz too much money is being left on the table while at times the DAX30

plays dead, or simply goes in straight lines up/down where the algorithm is

ineffective” … I’m told there are new LP’s … well, we’ll see about that … point is,

though, once the sun comes up in New York, the DAX30 most days is simply a

mirror reflection of the U.S. indices … this week sees that in spades … and

volumes & liquidity back off pretty quickly once that happens, so what’s the point

of sitting here and watching the NDX100 continue to trade well, while the DAX30

comes in a poor second? 

In any event, the trading algorithm is just as good & efficient in the U.S. indices,

and today sees many more buy signals in the NDX100, than in the DAX30, where

after the NYSE open there wasn’t one! So “Plan B” it is. Look for trading in both

the DAX30 & NDX100, where I’ll simply be looking for the best trading for the day

and going from there.

One algorithm signal today in the DAX30 … TURNKEY PAMM / MAM UP SLIGHTLY.

I simply can’t trade the algorithm when there’s nothing but “V” shaped tops &

bottoms, that turn on a dime, never retrace or correct, and then scream in the

other direction when the scumbag LP banks turn the market … rinse, repeat, and

this has been the whole week in a nutshell … very disappointing, but there isn’t

anything I can do about it … hopefully, adding the NDX100 changes that.

After today’s post, going forward I’ll be posting around the close of the NYSE,

sometime between 3:30 PM EST - 4:30 PM EST.

… Blog update on Sunday … Onward & Upward!!

-vegas

LIPSTICK ON A PIG

“You’re still a pig!”

Dear DAX30 Market: “Would it be OK if we had any movement

what-so-fucking-ever that isn’t around the open or close of trading?

… Seriously, fuck China & the ChiComs and their manipulated horseshit … can

you trade on your own or do you need “training wheels” to run your markets?

… everything a screaming panic [up or down] and literally ZILCH in between

… can you fucking trade? … asking for a friend who’s a little pissed off”.

Range today back to normal, but there’s one tiny problem … it’s either on the

open or near the close, and for over 8 hours it can’t do shit … couldn’t get this

German/European  horseshit to move 20 index points to save its life … but after

U.S. stocks open, “Flu Lottery” numbers and some news headlines give the

“Spoos” some heartburn, along with the realization that NASDAQ can go down

also … so natch, right before Europe closes and with no time on the trading

clock, all hell breaks loose on the downside … can’t do this earlier, fuck no, that

would give traders time to make money … another Wall Street “fuck job” on

European traders to end their day … “quite frankly, I’m wondering when the

entire rest of the world tells the U.S. to GTFO, and leave markets alone, cuz all

they do is scam, scam, and scam some more, and along with the corrupt

“Plunge Protection Team” [PPT], everything is primed to screw with the rest of

the world’s markets.

Only one algorithm signal today … TURNKEY PAMM / MAM UP SLIGHTLY MORE

THAN 0.1%

And after that first signal early in the day on our way to the high, it was “lights

out” for signals to the close … of course, since Europe has closed and the day is

done, Wall Street decides it’s time to rally stocks after the “Thelma & Louise”

debacle, thus screwing over everyone … thanks assholes.

… until tomorrow … Onward & Upward!!

-vegas

MANURE MARKETS

“Also, a pile of stock index just for you!”

“What’s your favorite stock index crime scene”? … well, you’d be hard pressed

to not include this morning’s 50+ index point royal fuck job courtesy of the

scumbag bank LP’s, in the DAX30 at 11:35 server time … a beautiful job of a

“spike from hell” on no news whatsoever, from the criminals who call

themselves “liquidity providers” … and another customer learns the ropes in the

DAX30 … wonder if it might be the same person who got screwed yesterday at

the low selling, now back in to buy? … dunno, just wondering.

This day as bad a pile of steaming bullshit, as the last four, with each getting

worse in succession … take out the customer hit job, and with less than an hour

to go before Europe closes, from the tips mind you, we’re lucky to see 100 index

points … that’s almost a 70% MISS from the 20 Day Range MA in the mid 200’s

… good grief.

And what this means is trading conditions get worse exponentially in a hurry

… mystery ticks, spikes from hell that go nowhere, and of course unfathomable

slippage from the criminal element running markets A/K/A scumbag bank LP’s

… and make no mistake, none worse than Turnkey … won’t rally, can’t break,

simply waiting to see if there are MOAR dopes to buy MOAR NASDAQ stocks

and keep the delusion alive … nothing but “V” shaped tops & bottoms, where

after running stops it turns wickedly fast & furious, and if you try to catch the

wave your fill will be eye watering horrible I guarantee.

As is typical of bullshit days in general, everything on the open or the close, and

today sees “Flu Lottery” numbers hit stocks as Europe is closing … want no part

of this with no time left, and nothing but trouble from the criminal banks in New

York … even with a new low, 4th day in a row of daily ranges & intraday ranges

in the DAX30 that are well below the 20 Day Range MA … this market can’t seem

to find it’s “mojo”, either up or down, and that means bad news for traders cuz

the scumbag banks will clip both sides of the market creating horrible trading

conditions.

Only one DAX30 algorithm trade today … TURNKEY PAMM / MAM UP SLIGHTLY

I cut my volumes back to bare minimum in this bullshit chop today, simply cuz for

the vast majority of the day, activity was pitiful to non existent … there seemed to

be no interest in the trade, and all I saw was bank manipulation of bid/offers via

mystery ticks, and turnaround spikes from hell with no destination … not a good

day for trading conditions.

… until tomorrow … Onward & Upward!!

-vegas