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Tuesday, November 23, 2021

Ultimate Proof The Stock Market Is Rigged

 Ultimate Proof The Stock Market Is Rigged 

This is an interesting market to observe, because we recently saw the $VIX hammered down, going into Nov. Options Expiration, and this (beating (shorting) the $VIX down) was extra easy, because there are few traders who want to sell (short) going into a holiday. This sort of manipulation (on light holiday volume, and around OPEX dates), has been documented, on this blog, well 100 times.  And it's not just equities markets, but commodities, and probably currency markets, as well. 

Here's Ultimate Proof the $SPX continues to be manipulate:

Last week we saw the $NYSE pullback, while the $SPX was intentionally run up. This is done using certain stocks which drive the $SPX. Which stocks were used to do this, I couldn't tell you, but all you have to do is compare the short term $NYSE chart, to the st $SPX chart, located in the public charts area. Could be the NYSE holds more energy names, but well diversified indices should move together regardless....   

$NYSE - See the recent pullback 

$SPX - no pullback. In fact it was driven to new highs. 

Even the $WSLH didn't break out to a new recent highs. See the chart for yourself - in the public charts area. 

But that's not all! 

Gold was taken down using the $GLD, and I suspect the only reason this fund was created, was to continue to manipulate gold markets. 

$GLD - was taken down precisely below the 20 day moving average (the green line). Lucky for me, I was 3X leveraged short gold, and have been short since I called out the trade, last week, or was it the week before? Anyhow, I can't complain...  

Oil also taken down in an obvious bear raid, on Friday.  

$USO is taken down below the 50 day moving average, triggering forced selling. Monday the rally was sold at the 50 day. Not sure if the algoes are programmed to do this, once the 50 day is broken, but that don't really matter. I think Oil will continue to consolidate below the 50 day, until it gaps up... just as it gapped down. It's quite a racket! 

See the $DAX and other European indices down over 1%, and US markets not down at all? Pure manipulation. 

$VIX - will come back down, and the market will remain propped up, until the bulls decide to take profits again. I don't see the market selling off, or rallying much, and that's a good opportunity for the criminal cartel to take profits. Drive stocks to overbought, forcing the bears to capitulate, and take profits. Rinse and repeat. 

Speaking of Bearish capitulation. No sooner than I updated the $TECS chart, we saw profit taking in the tech sector. 

$TECS - bear capitulation below the lower end of the channel, followed by a sharp reversal. 

 Now what? 

Unless the $VIX is allowed to run above 20, we won't see a lot of selling, an that's the whole point of running stocks up into a holiday. It's easiest to manipulate markets, on low volume. This may even explain the timing, on the supposed release of 60m barrels of oil from the SPR  

US to release 50 million barrels of oil to ease energy costs AP

$VIX res. 19.17. Support - at the lower end of this tiny pattern - around 17.60  

Take Care, AA 


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