“BIG GIRL PANTIES” GET BUNCHED UP

 

“A message for Turnkey’s “market makers” in crude oil!”

Well, how long did that take into 2022 before Turnkey’s “market makers” [they

sure as hell ain’t liquidity providers (LP’s) that’s for sure] FUBAR the crude oil

CFD with a ridiculous bid / offer spread? … right, not even 2 fucking days! … I

come to my screen this morning and what do I see? … well, isn’t this special, a

5 - 6 cent spread! … am I to assume this is cuz of the OPEC+ meeting? … if so,

this proves beyond a shadow of a doubt, that they don’t have LP’s, they only

have “market makers” who offer quotes based on their book, and they trade

against Turnkey’s clients … which doesn’t bother me cuz the market is gonna

go where it wants whether they like it or not, only it’s NOT what is advertised

… and the “big, bad OPEC+ meeting has got your “big girl panties” all bunched

up, and you need extra protection from any potential market breaking news”?

… oh, the poor dears, how do you cope? … and so, here we are in the early

morning breathlessly waiting for the thugs & dictators PR guy to walk to the

microphones and give us the latest … as for us, nothing to do but wait ‘till the

greed goes down and for whoever makes the market to lower the spread back

to normal … “never underestimate the unbridled greed of thieves & crooks in

finance to use whatever advantage they can to steal money … it’s about the

only thing they do exceptionally well” … and then of course, there are the

enablers like Turnkey [by no means the only one], who simply do nothing about

it and proclaim innocence cuz they’re just the broker middleman.

All of this Clusterfark won’t simply end the second the OPEC+ news is out

… since they’ve decided to play this game of ramping the spread they’ll wait a

while to see if they can get away with a bloated, bullshit spread until

management sees there’s no trading revenue hitting the computers … only then

will the spread go back to normal, cuz the ONLY thing they understand is MONEY,

and when you don’t give ‘em any is when they wake the fuck up and discover

religion and want you back … an absolute disgusting disgrace is what it is

… so, let’s just see how long this horseshit lasts shall we?

Well, about an hour before the NYSE open, apparently cuz news reports say

“anonymous” OPEC sources are telling anybody who will listen the makeup of

the meeting, Turnkey’s market makers [they ain’t LP’s] have lowered the spread

back to 3 cents … “I guess they found some brand new “big girl panties” that fit”!

… forget OPEC+, it doesn’t take management long when they see ZERO

TRADING BUSINESS, to get them off their thieving asses … I guess cuz they feel

bad, I’m seeing some 1 & 2 cent bid / offer quotes now as well, but mostly 3

… don’t kid yourself, the only reason it would be 1 or 2, is cuz they’re

over-positioned one way or the other and want to entice specs to bail them out,

it isn’t cuz they’re all of a sudden honest liquidity providers … and this pretty

much tells you what I already know, which is they are market makers first and

foremost for their own book, and will provide “liquidity” if it suits their purposes

… if not, you get slippage and are hosed! … welcome to real world trading in

2022 … and yes, I’ve already blistered Turnkey’s ears with this episode and

voiced my “displeasure” … not that they care, cuz they don’t … anyway, missed

some algo signals earlier, but at least things are back to normal [for now] … we

still got the rest of the day, and let’s see if things can remain somewhat honest.

Honest doesn’t mean much if trading conditions are DEAD! … and since the

OPEC+ meeting has been over, crude has stalled and doing NADA, now stuck

around $77 and some pennies, with the last 7 trading days [including today]

seeing a rather paltry collective $2.50 range, from about 75.00 - 77.50 … at the

top of this, Brent slightly over $80, where’s resistance to that price level

… meanwhile in WTI, we keep going back & forth to the 100 & 200 hour MA,

then reversing … a coil is building here, and while it’s anybody’s guess which

way this puppy explodes, I have a hard time seeing $80+ oil right now at this

particular time … later yes, but we still got “lockdown fever” in too many places

with POLS acting like “Little Joe Stalin” puppet figures … meanwhile, the

“Spoos” hitting a new ATH today, but selling off to near the lows of the day

and looking rather anemic at the moment … a lot of people long looking for

the bubble to keep going, but with “tapering” & higher rates coming, where’s

the “oomph” gonna come from?

And as I write, right after the London Fix, both “Spoos” & crude puke all over

themselves and get “monkey hammered” … oil going down 60 cents in 4 minutes,

and the “Spoos” going down about 15 index points in 10 minutes … and with a

new ATH today, the last thing you want to see if you’re long, is the “Spoos” put in

a reversal day on the daily from an ATH … so far, this is not good, but it’s a long

way to the NYSE close … for oil, just too many longs in the market right now, and

some folks have got to get shaken out … and what precipitated the drops you

ask? … a FED Pie Hole saying he sees 2 rate increases in 2022 … I’ll believe it

when I see it, and not until then … and after the drop, crude rallies STRAIGHT for

12 minutes in a row about 50 cents … unreal … just straight up the ladder.

If the FED Pie Hole is correct, though, I fail to see how this either supports or

makes for conditions that support the expanding of the “Stonks” bubble … and it

certainly doesn’t do crude any favors either … from these levels, we should be

moving lower, especially in the “Spoos”, and NASDAQ should be getting mauled

… previous sentiment was for only 1 rate hike in 2022 … I’m curious why he says

this now [Kashkari], especially since Europe and Asia are about ready to go

down the proverbial rat hole into a depression, especially China.

Well, from a buy side perspective at least for today unless and until they turn any

of this shit around, I fail to see how longs profit … that doesn’t mean it has to go

down, but given that prediction by Kashkari, who’s gonna step up and go

“balls out” long and turn this stuff around in any meaningful way … sorry, I don’t

see it … with only a few minutes to the New York afternoon, and the morning

utterly ruined by Turnkey’s so called “LP’s” in crude, maybe there’s some short

covering, but I doubt we see any kind of sustained buying … more likely bullshit

chop in the $76.50 - $77 range… as for the “Spoos”, fugetaboutit!, this ain’t a day

for buying anything in that space … like oil, most likely serious chop to the close

… we’ll see.

As sick as the European session is for FX, we need this time slot for oil cuz this

is when things start to roll and MOMO gets established … today we got robbed of

that … and from the time spreads came back in oil, and it’s time for the NYSE

open, crude has seen only about a $1 range from the tips ... both up / down in a

confusing mess of MOMO, with another daily range [so far], that’s significantly

UNDER its 20 Day Range MA … as for “Spoos”, they’re slowing down on the

daily ranges, and we might have some weeks ahead of us where it’s pretty

pathetic in terms of trading ranges … too much uncertainty over the winter with

all of the pandemic hoax bullshit going on, and governments hellbent on

lockdowns across the world … now throw in MOAR! INTEREST RATE

INCREASES according to the FED Pie Hole a/k/a Kashkari, and how does this

bubble increase? … it could be a very slow & painful winter for “Stonks” bulls

… and as Europe closes, already things are slowing down quite fast … this is

bullshit … welcome to the world casino circa 2022!

No trades today for the Turnkey PAMM … thanks Turnkey LP’s.

Over in crypto land, VIX is dropping faster than Biden’s cognitive abilities

… where the hell has volatility gone to over the last 3 weeks? … today another

pitiful trading session in ETH, which acted like corn spreads rather than crypto

… cuz if crypto ain’t gonna be volatile, the crypto trading algorithm will not

perform as expected, simple as that … no trades here today either, as I sit and

watch paint dry in crypto pairs … what a disaster.

OK, OPEC+ out of the way, so I’m hoping Turnkey’s LP’s going forward can bring

us what we need, which is a stable & consistent spread … today we didn’t get

that … but it’s good to see the HFT market maker they use finally find some

“big girl panties” to wear that fit, cuz I can’t bare the thought of these poor

dears having a hard time filling orders “they’re GUARANTEED to make money

on” if done right … life sure is a B. I. Itch when you can’t steal money whenever

you want, isn’t it? … I hope they don’t need therapy.

…  outta here before my head explodes … “The future’s so bright I need

sunglasses”!! 😎 … Onward & Upward!!

-vegas

SPUTTER, FIZZLE, THEN GO NUTS … WELCOME TO 2022

 

“Markets that trade SANELY? … Hush, that’s the Devil talking!”

We start 2022 with a bankers Holiday in London … you know, cuz they work so

hard stealing money they need another day of rest … or, getting a flight out of

Barbados on a Sunday is a B. I. Itch, and you can’t possibly expect me to be at

“work” the next day can you? … and of course, not like it makes that big a

difference from recent history where the entirety of Europe is a frickin’ joke, so

trading in London is basically comatose … and from the looks of it, as the sun

comes up in New York, nobody here gives a shit either … “Spoos” & crude oil

doing NADA … as I said earlier, this has historical precedence, cuz a lot of years

see the first few days deader than Biden’s brain cells … it’s still very early yet,

so a lot can happen, but so far it’s extremely quiet and uneventful.

About 60 - 90 minutes before the NYSE open, somebody panicked and bought

dollars hand over fist, that saw gold get monkey hammered, crude get mauled,

and “Stock Bellies” tank … perhaps it was more of the same shit economic stats

we keep getting despite the “greatest economy evahhhhh!” [thank you

Jim Cramer, CNBC perma bull hack], but since it’s the first day of the trading

year, there could be a whole host of other reasons as well … but, not to fret, cuz

when “Stock Bellies” open it’s time for corporate buybacks and the “Plunge

Protection Team” [PPT] to save the day after a mauling and lift “Stonks” into

orbit faster than Biden falling down a flight of Air Force One stairs … as I said

in my year end blog posts, 2022 will see more of the same manipulation bullshit

in “Stock Bellies” come hell or high water … didn’t take ‘em long did it?

And 2+ hours later the “Spoos” are a bag of flaming shit, as the yo-yo banks skim

players raw inside a rather tight range … crude oil for its part simply mirroring the

“risk on / risk off” [RORO] battle prior to tomorrow’s OPEC+ meeting, which

consensus holds will be a “non event” … sure, sure it will … I’m not sure I’d take

that even money bet, given the history of the dictators, thugs, bullies, and other

assorted misfits that make up OPEC … add Vlad & his crew of merry bandits

[that’s where the “+” comes from], and it’s basically no limit liar’s poker at the

MGM Grand on a Saturday night … so, anything can happen tomorrow.

And outside of the lightning moves of RORO that come & go like squirrel farts in

the wind at or near the criminal NYSE open, things have settled down

considerably, and VIX went from bat shit crazy [BSC] to NADA very, very fast

… and my guess is, unless “Stock Bellies” do something dramatic or news

breaks affecting oil, the rest of the day after the London Fix [here in a few minutes]

is gonna be a sleeper for oil, with the usual “bump & grind” red & green spikes to

trap the unwary, but not really moving anywhere … and if that’s the case, it’s a

“doji” day on the daily candlestick chart, which doesn’t help anybody that I

know of when it comes to trading oil … on the other hand, this is oil, and with

daily VIX running hotter than normal, even after a quiet Holiday period that has

seen the 20 Day Range MA drop rather precipitously, it’s still high, and that

means VIX says you have to pay attention … remember, this is very much a

MOMO market, and when momentum starts to roll and pick up steam, this stuff

can go anywhere! … and quite frankly, it’s why we’re now here!

Since the NYSE open, only one algorithm buy signal in WTI Crude Oil

… TURNKEY PAMM UP SLIGHTLY.

With Europe basically closed today, and with Asia quiet, ranges were for the most

part very tight coming into New York trading in everything … and then we get

straight down, followed by straight up … kill the longs then kill the shorts, why

should 2022 be any different to the manipulators than previous years since they

began manipulating markets in 2015 - 2016? … and it makes for some very

unsettling market environments across asset classes, not the least of which is

crude oil … and to some extent it plays havoc with the trading algorithm, cuz it’s

not designed to capture “V” bottoms or inverted “V” tops LIKE YOU THINK … you

can get that in crypto cuz the VIX is MUCH GREATER and you’ll get tradeable

bounces, but in slower markets like crude you can’t … the bounces in slower

markets in too many instances are not enough of a bounce to make the trade, and

you run the risk of some serious losses fading the MOMO before it’s over and

the turn then comes … today’s trade signal came when the algo was in “scalp”

mode … we’d need to see crude higher on the day and climbing to get

“day trade” status.

Now near NOON EST, crude sees 4 hours straight down and now almost 3 hours

straight up, and just here in the last few minutes has decoupled from mirroring

the SP500 … as I have stated many times on the blog in the past, you do not ever

make trades based on correlations with other markets … nobody sends you an

email when the correlation stops, and those trapped can get into some

real trouble.

Well now, isn’t this special? … a $2+ DOUBLE REVERSAL in crude oil … like I

said, never say “never” when it comes to crude or something it can’t do

… nothing happening in other markets like the “Spoos”, so I can only surmise a

group of big traders got some other group of smaller traders who were short and

squeezed the shit of out ‘em … to the point of driving them into buy stops for

everybody who was short, and the MOMO took over from there … and of course,

after the double reversal high, it’s “lights out” and time to turn tail quickly the

other way … all in the face of an impending OPEC+ meeting tomorrow, which

should have constrained price & VIX today, at least in theory … so much for

theory! … when you’re trapped you’re trapped, and the “deer in the headlights”

approach to losing money by the second trumps theory every single time! … I will

say, though, and this is simply anecdotal evidence gathered over a lifetime of

trading, that double reversals rarely go anywhere after the second leg … there

simply isn’t enough “fuel” in the marketplace for further moves, as the order

book is wiped clean on both the bid and offer side … and so here we are … I’ll

also state, that trading for double reversals is “stupid shit” … they happen when

they happen, but as for trade probability of success day in day out, it’s a low

probability event.

Over in crypto land, I got no clue what the deal is with extremely low ranges &

VIX to start the new year … ETH today simply pitiful, with barely a $100 range

in very choppy trading … best left alone until it picks up … no trades today in

crypto for “The Syndicate”, simply cuz it’s dead.

Heading into the New York afternoon, “Spoos” rather quiet after a blitzkrieg of

up / down near the NYSE open, and crude is holding near its highs for the day

around $76.30-ish … how much more they can squeeze shorts, I don’t know, but

I’d be real careful up here prior to tomorrow … buy signals up here IMHO carry a

far bigger risk than earlier today, and since the NYSE open, oil has not really had

a decent correction to the downside, with simply pennies to show for the effort

… do longs really want to go into the OPEC+ meeting long near the daily highs

for the last several weeks to a month? … you never know with crude, cuz it could

be Vlad & his buds bidding it up for s surprise announcement, and then on higher

price still tomorrow, selling the shit out of it and booking some free money

… why not? … Vlad’s been doing this for decades in commodities, starting with

gold futures back in the 80’s when he was head of the KGB … I wouldn’t put it

past him at all … or, it could be plain & simple short covering going into

the meeting.

And with today’s bullshit start to the year via the Holiday in the U.K. for bankers,

with the OPEC+ meeting tomorrow, the “real” start to the year begins.

So much for the “doji”, huh? …  outta here … “The future’s so bright I need

sunglasses”!! 😎… Onward & Upward!!

-vegas

SUNDAY UPDATE: CRUDE OIL & CRYPTO SET TO SOAR

 

“Financial markets greet 2022 & the fate of Wile E. Coyote!”

The 2 market sectors I see soaring in 2022 are crypto & crude oil … both share a

common denominator and that’s roaring inflation created & caused by idiotic

central banks [namely the FED] continuing to print money out of thin air to prop

up “Stonks” and global elitists … this isn’t gonna stop anytime soon no matter

what they say, cuz if it does, the whole “house of cards” financial bubble will burst

and Wall Street crashes & burns … if economies generally pick up from whatever

“Flu Hoax” being run by government ‘till they’re laughed out of town, crude is

perhaps positioned like it hasn’t been for a very long time, meaning the

infrastructure isn’t there for added capacity in any meaningful way for supply

… investment in capital infrastructure in the oil world is running about $500

billion dollars per year short of where it needs to be … add to this an idiotic

Libtard puppet of socialism, one “Taliban Joe” and his merry band of misfits

hellbent on destroying the oil industry domestically for a “pie-in-the-sky”

GREEN agenda that is 150% bullshit from top to bottom, and I think it’s pretty

safe to say that the “U.S. of China” ain’t gonna be ramping up oil production

anytime soon … and that spells a potential explosion in crude price if inflation

isn’t held in check, and I see no reason why it should.

Over in crypto, BTC is a “fixed supply” coin and a store of value [SOV] … ETH is

actually performing as a deflationary coin cuz supply is being reduced from

staking and burning of coins FASTER than ETH is being created for the

marketplace … why anybody would trust anybody in any government to be

fiscally responsible and manage that nations money supply for the public good,

is such a joke cuz none of those people exist! … and who’s the worst culprit?

… Nigeria? … Venezuela? … how about the U.S.! … 50%+ OF ALL DOLLARS

EVER CREATED AND IN EXISTENCE HAVE BEEN PRINTED IN THE LAST 2

YEARS!!! … let that metric sink in … it’s genuinely laughable listening to POLS,

& government Apparatchiks bashing crypto as somehow immoral and

contributing to crime, when those in government are the worst hypocrites AND

criminals walking the face of the earth! … it’s simple really, and if you can’t

grasp this concept seek professional help … “they HATE what they can’t control

& debase, with no room for graft, bribery, & theft! … and since they can’t

control or debase it, they can’t tax it effectively either, and that pisses them off

“bigly & yuge” … and yet, they’ll be first in line asking the scumbag banks for

their “skim” from markets to be put into e-wallets via BTC, ETH, or whatever

they choose”!

As for the “Spoos”, it’s hard to say … how long can the overt buy side

manipulation continue and the bubble expanded? … answer that question and

you got your answer … however, from here, it’s gonna get harder and harder to

keep this bubble elevated and expanding and is gonna require more trillions … at

some point, though, the party is gonna end, and when it does it will be

monumental in scope and destruction of capital … could it happen in 2022?

… of course, but I give it a somewhat low probability … but, never underestimate

Joe Biden’s ability to fuck things up royally, and who knows what this demented

piece of political shit will do between naps and groping kids … seriously, he’s a

“wild card” and not in a good way for anything positive! … Libtards got to about

the end of March to figure out if he’s gonna stay or be replaced by the

“Manchurian Candidate” VP … how he goes they could care less … maybe they

give him COVID and hope … maybe they just tell him it’s “time to go to the

home” or else … in any event a transition to the VP would, IMHO, precipitate a

financial crash, and there’s other problems as well, not the least of which is the

Senate would need to confirm a new VP … deadlocked at 50-50, and no VP

available to break the tie, there’s no way she could pick another communist to

fill the slot, or pick somebody like Cankles Clinton … so while it makes for some

fun to think how the Libtards get rid of “Taliban Joe”, most likely they’re stuck

with him to the bitter end of the midterms, and the bloodbath that awaits them.

Can governments the world over continue with Nazi style police state tactics in

attempting to control people via the “Flu propaganda”? … I don’t think so, as

more and more people see right through these Assclowns and come to the

conclusion that “health” is a funny way to spell “ideological politics” … and the

election consequences for those who’ve adopted said tactics [U.S., U.K., &

Australia to name just 3] next time around are gonna be severe IMHO … but who

knows, governments who buy into the mantra of “never let a crisis go to waste”

[which is all of ‘em], and don’t want to see any relaxation of authoritarian control,

can easily create the next health crisis from any number of hundreds of labs they

use for bioweapons research, “and we have no idea how this happened”! … and I

wouldn’t put it past any of them to do just that! … I said from the beginning of the

WUHAN KUNG FU FLU, that it was the ChiCom military that released the virus

… don’t believe me? … go back and check the blogs! … and either they wanted

to take XI “out”, or they did it on his orders to take his opponents out and/or

make dissidents “conveniently” disappear … and we now know that U.S.

scientists knew of the virus BEFORE DECEMBER 2019 [thanks to Glenn Beck]

… which for my money leads to the question of whether or not the Clintons, the

DEM party, and/or ANY OF THE SO CALLED “INTELLIGENCE” AGENCIES

[the U.S. “Deep State”] in the U.S. acted in conjunction with the ChiComs in

starting the pandemic, in the hopes of getting rid of Trump in a national

emergency while he and his team concentrated on reelection? … “YUP, I’m

going there, cuz I know EVIL when I see it”!  

And when that didn’t work, one Cankles Clinton, shifted gears to the “Steele

dossier”, which we know for certain was a Clinton paid for smear … only now, is

Special Prosecutor Durham getting to the “good stuff”, as his net is closing in on

the whole evil episode … there isn’t anything these people aren’t capable of, and

you should know that given 1) the history of the Clintons going back into

Arkansas and the money grubbing, drug dealing with the Bush family in Mena,

and all of the “accidental” deaths they most likely are responsible for

… remember Vince Foster?, and 2) the same types of people in “Deep State”

government had Kennedy killed as well … so IMHO it’s not a stretch at all to

assume they were a part of the pandemic, cuz it’s all about power & money and

who’s got it and controls it … so what if a few million “Rubes” die in

the process?

So, we just have to wait and see how further pandemics [cuz there will be

MOAR!] get played out, and the ramifications on economies via governmental

policies, which I can assure you will not be friendly or positive for anybody

… except the Elites of course, cuz they can do anything they want … “rules are

for the little people” … and as we’ve already seen, with each new headline

comes adjustments in either supply or demand for oil, and the price moves

have been volatile … that most likely will continue in spades!

Directly below, the 20 Day Range MA’s for selected markets.

click on table to enlarge

Quite a drop over the last couple of weeks, as markets in everything simply

STOP, dead in their respective tracks … ETH down $120 for starters, and crude

down as well … not to be unexpected, simply cuz they had little room for upside

growth without turning the financial system to “TILT”!, and they’ve run into the

Holidays and just died.

Happy New Year everybody! …  outta here … “The future’s so bright I need

sunglasses”!!😎 … Onward & Upward!!

-vegas