“Like if you’re long oil & then Trump says something … Oy!”
And just like that, Trump becomes an oil analyst and crude tumbles … “as
I’ve said before, it’s all Pol’s & Apparatchiks all the time, and nothing moves
without ‘em … problem is twofold … 1) you can’t predict when they open their
Pie Holes, and 2) markets move at the speed of light until “crickets”, where it
then dies and goes sideways ‘till the next time”. And that’s all there is folks!
So, you either leave it alone, or buy the rally or sell the break … doing the
later almost insures account destruction, so that leaves the former by default.
Not really any good choices here.
Meanwhile, over in Europe & the U.K., they’ve fucked up “Brexit” so badly,
nobody has any clue what’s going on, including those making policy … a
third grade class of retarded kittens could do a better job of managing
“Brexit”, which of course has paralyzed FX, cuz everybody has wised up
and refuses to trade it anymore until it’s over … whenever that is … the end
result being volatility has hit the wall and died for now.
Bottom line is, we end up with another “spoiled” day of trading … why?
… cuz once the Pol [today it’s Trump, tomorrow it’s ?] or Apparatchik moves
the market, it’s done for the day … most likely, nothing left but crumbs and
the gnashing of teeth … and there isn’t a “Hoover Dam” thing we can do
about it. Don’t want to sell it $1.80 lower into the hole and expect volatility to
bail me out when there isn’t any … although longs are trapped some via
positioning. And sure enough, “Thelma & Louise” she goes.
Until tomorrow … how frustrating, but whaddaya gonna do? … until
tomorrow mi amigos … Onward & Upward!!
-vegas
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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