“Running bank trading desks 24/7!”
Welcome to the Monday version of the latest “shitshow circus”, where nothing
moves unless there’s a reason for it to move, and that reason given emphasis
by Pols & Apparatchiks … of course, if their lips are moving they’re lying
… we all know and understand this … the game isn’t to speak the truth, the
game is to get markets to move on bullshit that can be taken advantage of and
profit from as many times as possible … and in today’s markets, big money
isn’t gonna move unless they feel reasonably assured they aren’t gonna get
hung out to dry … so, no news, no volume, no liquidity, and markets sit.
As I pointed out yesterday, there isn’t a market out there where its 20 Day
Range MA is sloping higher … they are ALL pointing lower, meaning volatility
is getting wrung out of the towel by the banks … probably got some more to go
before people wave the white flag and give up, and again I’m posting the
“Brexit” schedule of events directly below … on and around these dates
there’s likely gonna be fireworks.
click to enlarge
GBPJPY downright pitiful today, the third in the last 4 trading days … it’s
been nothing but melting ice for almost a week … EURJPY slightly better,
where earlier this morning in early New York there were some small profits to
be had in either the “volatility call spread strategy” or the “synthetic Christmas
tree strategy” … at least there was something there, but EURJPY has been
slow for weeks now, ever since the Yen flash crash on January 3rd.
Oil & the stock indices continue to get wrecked by inaction … the premiums
here still way too high for any trades … it simply doesn’t make any sense to
pay for volatility day after day, and then not get it. Monday’s and Friday’s
being the worst days lately, hopefully tomorrow [Tuesday] sees us move some.
There isn’t anything we can do about the banks manipulations in all of these
markets … right now, they’re wringing premium volatility out of the
marketplace … we simply can’t force anything cuz it won’t work … patience
grasshoppers!
… Onward & Upward!!
Have a great day everybody!
OUR NADEX SIGNALS SERVICE IS UP & RUNNING … DAILY
WTI CRUDE OIL SIGNALS & “VOLATILITY” STRATEGIES
IN 20 OTHER MARKETS, INCLUDING COMMODITIES, FX,
& STOCK INDICES! … “what on earth are you waiting for”?
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