VX - M1/V1 : M2/V2 DailyThe VIX Guy, 50 Cents isn't present.
Implied VX is SKY HIGH.
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The Illusion continues to Live.
A great many are going to pay the Price for
being dead-ass wrong.
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I'm going to be as Subjective as the mood suits today.
QE Breeds Instability
Conditions under QE - the substantive change may actually
be relatively minor, but this is irrelevant to speculators and
Degenerate Gamblers at the Flamingo Sports Book.
The reason, simple: Speculators with assets in the Bag with
longer maturities will take larger capital losses with relatively
small changes in interest rates under prevailing Confidence.
Projecting my inner monologue is something I attempt to
avoid on balance - Shake Rattle and Roll on FOMC minutes
is how I'm setting up for a Deline.
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Something very serious is about to happen, can't shake it.
We will be SELLERs, win lose or draw. Scalps the Micro Ranges
with a SKEW at extremes.
There you have it... Alex and I are Salmon Fishing.
Have a great rest of the Weekend.
Happy Hunting - Hunter Killer
Vxcomplex
VXF - M1/V1 VIXVX Complex has a bit more work to do to the Lower end of the Range.
Year-End it is quite easy for the ALGOs to compress the Range into a
Full Retracement after continued failures to move and close above
the .618 @ 22.90.
There remains a concerted effort to continue the compression leading
the ES YM RTY to a Lift.
Of concern for January, China is amassing Commodities in amounts
unseen before and moving quickly to become as Food Independent
and free of all imports Net of Feed Stocks.
Soybeans were replaced with Corn for the Season, which is somewhat
curious, as Feeder Inputs appears to be a better decision for Livestock.
The CCP has been on a tear to reduce all Foreign Dependence, in excess
of 84% of all Food Stuffs have been secured internally.
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It appears China is hoarding consumables and Food Stuffs.
Commods should be watched closely into 2022 as actions taken by China
do not occur in a vacuum.
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VX Compression was noted last week in a commentary and Chart which showed
the Lower Price Objective and Compression. The Divergence within is of concern
as when compression ends - This is when we see the VIX move higher, significantly
higher.
VXX - Trending Cloud FailureAfter early Entry failed, SOH became the operation.
Unable to Push through the Trending Cloud proved to
be the warning sign.
It was correct, and we were frankly lucky to have
done nothing as it was difficult.
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Patience won that round as it wins about every round.
I can't imagine the misery there, as the 120 Minute reversal
was surreal in nature, an 11.5% Nike Whoosh Buzzsaw.
A full retracement is underway.
Volatility was crushed, beaten with the Ugly Stick as
the Raven went full Edgar Allen.
VXN - Range CompressingWe have sold the NQ twice during the AM Session.
EU Session Close will be our 3rd Opportunity for the SELL.
The usual Gamma Squeeze Suspects are in the Trade.
After blowing through Extension Price Objectives, the
NASDAQ is getting Extremely Over-Heated.
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TSLA 1209s appear to be the trigger for the ES to hit 4750.
AMZN is seeing Profit-taking while the Semis continue to be
bid.
TNX isn't having it - +3.78%.
Something is going to Break IF the VIX can hold above 20.20.
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Our Position - Press Sells.
Today has been very amusing so far. Markets simply teetering
on the Abyss.
Non-Plussed on our End.
We will see how the EU Session Press and EOD Print registered
on the Stop Run / Bubble Scale
VXX - Cow TippingCattle Pens at th4 StockYards are FULL of BULLs.
The Dippers are perplexed, what with all the
Tweets from the FED on deck today.
Jerry and the Kids continue to CowBell their
way to another Prop.
Of the 5 FOMC Members Bullhorning Today, the
GOOD Fed / BAD Fed undertow is in Trade.
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Step 1: Divorce Labor from Juice
Step 2: Divorce Rates from Taper
Step 3: Look over here, Taper... ah, well it's...
Step 4: Keep DC off the Pedal, Choke Hold
Step 5: Prop Up Money Markets
Step 6: Confuse 007s
Step 7: Return to Step 1
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It'll be OK...
psst - BUY Protection xoxo - Jerry