SUNDAY UPDATE: BE PREPARED

“It’s nice to be prepared!”

Be prepared for crude oil CFD’s not surviving the Summer … if June and/or July

futures contracts go “bigly & yuge” negative near expiration again this time, I

would expect a whole host of offshore brokerage houses to just walk away from

the crude oil CFD, and say “adios” … quite frankly, many are getting ready now.

So, don’t say I didn’t warn you or have it come as any big surprise, cuz it’s a real

possibility.

With mainstream adoption of crypto around the globe and growing bigger every

day, I’m somewhat puzzled there isn’t a push for better crypto trading conditions

by the bigger players … the industry needs better spreads and right along with

that it also needs a much better commission structure … right now with many

pairs, it’s too “Hoover Dam” expensive to trade effectively … over at PRIMEXBT,

BTC [Bitcoin] is still the pair to trade and they have the best conditions, but still

it costs about $8 for a round turn trade in the price differential to be profitable

… that, IMHO is still way too high, and it needs to be lower … eventually it will be,

but in the long run we’re all dead, so it’s helpful to live & trade in the here & now

… granted, as long as BTC has $400+ ranges every day, and it moves relatively

smoothly over the world’s time zones, and 50%+ of the day’s range doesn’t come

in like 20 seconds, BTC can be a very good trading instrument for profits via the

trading algorithm … and if you haven’t studied or watched BTC, get with the

program and start … be prepared, cuz if oil, indices, & FX die [a real possibility

going forward], you’re gonna need a “Plan B” … just sayin’!

Directly below, the “CRYPTO, STOCKS, & CRUDE OIL  VIX MATRIX TABLE” for

the current week, followed by specific 20 Day Range MA charts.

click on ANY table or chart to enlarge

CRYPTO

BTCUSD

ETHUSD

ETHBTC

XRPUSD

LTCUSD

EOSUSD

BCHUSD & DASHUSD

As you can clearly see, a slowing down across the board, and with the May 2020

“halving” of BTC coming up in about 3 weeks, I would expect the entire space to

be quiet … but hey, they’ve never listened to me before, so why expect them to

now?

STOCKS

AAPL, AMZN, GOOG, & TSLA

CRUDE OIL

WTI CRUDE OIL

Some extremely wild swings around expiration of the front month futures

contract has caused the OIL CFD to have some unreal range days, and it throws

the MA for a loop … a very large difference between the average & the mean, and

this is the reason.

Onto the week … until tomorrow mi amigos … Onward & Upward!! 

Have a great rest of your weekend everybody!

-vegas