Trader's are often put out to pasture making just one simple mistake.
They hold position overnight.
Yesterday's melt up in the S+P 500 to 2940 Resistance,
has been immediately followed with a "melt down" the following morning.
Why ?
The in the know types are justifying this mornings sharp market selloff,
by pointing the the "Inverted Yield Curve " overnight,
as the 10 Year Bond has once again traded down to 1.60%,
a harbinger of recession on the horizon.
Now if you wanna believe all of that,
turn up the sound to CNBC,and find misery in talking head company.
The truth is that volatility as measured by the VIX,
and those multi billion Algorithm trading black boxes,
who initiate mega billion $ trades on the Buy Side or Sell Side,
at the drop pf a hat
They simply turn on a dime. In mass.
Overnight even.
What has really changed ?
Absolutely nothing really fundamentally.
So don't be surprised if some of these traders,decide enough is enough,
and put down their trading accounts for the safety of money market cash,
and perhaps a round of golf before the summer ends.
This is crazy.
Manipulation has never been more obvious and real tangible detriment to all then right now.
Choose your tonic carefully.
Hopefully it will be there, when you come back to finish your drink.
SPX 2881.00
THE_UNWIND
8/14/19
NEW YORK.
They hold position overnight.
Yesterday's melt up in the S+P 500 to 2940 Resistance,
has been immediately followed with a "melt down" the following morning.
Why ?
The in the know types are justifying this mornings sharp market selloff,
by pointing the the "Inverted Yield Curve " overnight,
as the 10 Year Bond has once again traded down to 1.60%,
a harbinger of recession on the horizon.
Now if you wanna believe all of that,
turn up the sound to CNBC,and find misery in talking head company.
The truth is that volatility as measured by the VIX,
and those multi billion Algorithm trading black boxes,
who initiate mega billion $ trades on the Buy Side or Sell Side,
at the drop pf a hat
They simply turn on a dime. In mass.
Overnight even.
What has really changed ?
Absolutely nothing really fundamentally.
So don't be surprised if some of these traders,decide enough is enough,
and put down their trading accounts for the safety of money market cash,
and perhaps a round of golf before the summer ends.
This is crazy.
Manipulation has never been more obvious and real tangible detriment to all then right now.
Choose your tonic carefully.
Hopefully it will be there, when you come back to finish your drink.
SPX 2881.00
THE_UNWIND
8/14/19
NEW YORK.