“Markets have turned into hanging parties!”
Where do you begin talking about this day? … first I guess, is the fact major
FX pairs are beyond hope anymore … seriously, forget volatility here as
central bank HQ is dialed in, which leads to reversals and the infamous
“Flying Wedge of Death” [FWD] … forget stock indices today, as premium
erosion sets into the SP500 chop around 2930 … but then there’s oil, where a
Trump Tweet unleashes a selling panic, thus giving oil a much needed boost
in the daily range … something that’s been severely lacking these last months.
I looked at both oil and SP500 earlier, and nothing looked good simply cuz
premiums were too high based on lethargic market action … well, one was
right, the other went ballistic … “when somebody figures out when Trump is
gonna Tweet on oil, let me know OK”? And of course, this fits well within what
I’ve been saying for ages now, “that markets only move when POLS &
Apparatchiks open their Pie Holes” … today sees that in oil in spades.
Next week sees Asia off the entire week, not returning until May 7 … 10 days
of “Golden Week” Holiday … so, don’t look for anything to be priced fairly at
NADEX on the open or until Europe opens about 10 - 11 hours later. Lately,
their bid/offer spreads have been horrific … only oil priced around 2 cents
per bbl. is OK, everything else a complete ripoff … you gonna step up and
pay 10 PIPS to get into GBPJPY? I’m sure as hell not. And until we get close
to the NYSE open [about 90 minutes], don’t expect the SP500 call spreads to
be priced well either … last night they were hovering around a full index
point, which is embarrassing.
It’s bad enough when you have to deal with manipulative market forces
… it’s worse when you got to pay huge “vig” just to get a position on and
make a trade. Geesh, I wish they’d get their shit together.
… Onward & Upward!!
Have a great weekend 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”?
No comments:
Post a Comment