Page menu

Tuesday, March 8, 2022

Market Update 3/8/22 - Trading A Perpetually Manipulated Market

 Looks like we traded into a bottom yesterday, but in this crazy - rigged - market, you can always expect a final washout, before you see the trend reverse. We'll see, I guess... 

Yesterday, Nickel of all things was driven up, and you can bet that was engineered by some hedge fund, or one of the crooked banks. 

LME suspends nickel trading after prices soar past $100,000 reuters 

Another prime example of prime time, engineered, market manipulation can be seen on yesterday's Oil and Gas driller chart. 

$OIH - oil and gas drillers - up 10% in an engineered short squeeze. I can confirm this is the case, on more than one chart view,but this 30 min chart shows exactly how it's done. Just raise the bid above the bears stop - on a Monday morning - and the short sellers will cover. Super easy...    

I think that the manipulation we're seeing in energy markets, can last at least into Options expiration.

 The only saving grace, as it turns out, is that the leveraged bear $DRIP apparently doesn't trade counter to the  $OIH ETF, or that might have been down 20%, or more, in a morning. The lesson here, is to know what you're trading when you trade leveraged funds. Usually you can find that information on yahoo finance, but some times it pays to go to the source (the creator of the fund), in this case Direxion.   


The Direxion Daily S&P Oil & Gas Exp. & Prod. Bull (GUSH) and Bear (DRIP) 2X Shares seek daily investment results, before fees and expenses, of 200%, or 200% of the inverse (or opposite), of the performance of the S&P Oil & Gas Exploration & Production Select Industry Index

What is the S&P 500 Oil & Gas Exploration Index? $SPSIOP

The Index comprises stocks in the S&P Total Market Index that are classified in the GICS oil & gas exploration & production sub-industry, so it includes large, mid and small cap stocks. The Index is equal weighted and re-balanced and reconstituted quarterly. Source stockmarketmba 

And if you did a little further you find that the ETF $XOP tracks the above pretty well, supposedly  

And low and behold; that would just happen to be the fund I pointed to in yesterday's update!  

Think that's a coincidence? 

$OIH Here's the updated chart 

Getting back to Nickel 

Nickel is something - just like coal - I'm unable to chart, but if you pull up more any nickel chart, it soon becomes clear that the entire space was manipulated higher. Of course Bloomberg, and the rest of the bought and paid for fake - financial - cable news - will report that this trade is all about, "supply and demand", and Geopolitical risk, and I find that laughable.     

$CNC.V (random Canadian Nickel Miner) up 17% yesterday 

The "Dash for Trash" has begun! No, not for Canadian Mining Stocks, but for - of all things - "Bed Bath & Beyond" - up a whopping 34%! Why? Because people were short the stock, and of course that's prime time for manipulation! Would I be a buyer of $BBBY? No, not unless I was working closely with the manipulators, and that's highly illegal, unless you're a bank or something lol 

2. I won't be buying Canadian Stocks, or Energy either, although I'm not selling as aggressively as I would like, just because I don't like being trapped in a bad trade for extended lengths of time, because if you hold a leveraged fund lone enough, it will bleed value, just due to the NAV (investopedia link). 

Let's wrap this up  

I hope my updates help give you insight into, to how markets trade, and I don't see why trading in the spring of 2022, should any different than any other.  

$SPX bottom called, at yesterday's close  

One more thing!  China was seen making fresh lows yesterday, and a bear market is being reported. That all sounds bullish to me! "Bear Market", as the lame stream media reports it, is a made up term, invented by Paul Volker in the 1970's, if memory serves.... it' meaningless, as so much of what's reported in 2022 is. A topic for another day. 

$FXI (China) Super-bullish again 

Take Care, AA 

No comments:

Post a Comment