Seems like only a few days ago, I was calling for a crash (Update Oct 26th), pointing out that something just didn't feel right about this market (Update 11/8), and warning folks about a blood moon (Update 11/8), and next thing you know, the market is selling off in a panic, or at least 1 market is....
Crypto
I actually encouraged traders to pull the trigger on some crypto, just ahead of yesterday's close, and if you can't buy when there's blood in the streets, then you're not much of a trader, in my book.
Pull the trigger on #FTX. All the bad news is out. Bet half a position, so you can add, if it drops further #Crypto pic.twitter.com/SDCvCHZMxl
— Veteran Market Timer (@3Xtraders) November 9, 2022
Speaking of the Book. I started writing a book, but then my perspective on the market started to change, and the market began to become more unpredictable. I'm afraid there are just too many variables, at this point, and who could have predicted the amount of manipulation we're seeing in markets. I could write an entire book on that, and it would sound conspiratorial to most readers.
Speaking of market manipulation
Energy
Seems that the same folks who were pumping energy last month, and calling for higher highs on heavily manipulated stocks like $XOM, are now calling for the same crash, I've been predicting for weeks now. This is surreal! I'm still saving the energy manipulation story for another blog, because I have tons to evidence... and what can only be described as, " a lot of dirt", on CNBC.
Speaking of CNBC
I can't help but notice Jon Najarian's conspicuous absence. Seems as though he's left Fast Money for good, and I think that's smart... but I suspect he's still working with his cohorts, in the shadows.
Someone else you no longer see on CNBC, is Peter Schiff. I suspect he's been blackballed for calling out the Money Masters, but he's a good follow on Twitter @PeterShiff. While he's seldom right on market direction, he is spot on, when it comes to the Fed, and Gold (theory), and lately I see him exposing the corrupt financial fake news (@ CNBC), and I need all the help I can get, trying to inform people on that front. If you're unfamiliar with the history of the federal reserve I suggest you watch the Money Masters Documentary on YouTube!
There is no other way to describe what we are seeing in the corporate owned lame stream media than an information war, being waged. I don't know if this leads to a civil war, but these tech companies, and media companies, are the enemies of freedom, and democracy.
Bloomberg again just yesterday evening, questioning Elon Musk's, radical idea of "free speech"!
This after Joe Biden does a scripted press conference, where he states that his deep state agencies should be looking at Elon Musk, and I suppose it won't be long before they're calling him, "a Russian asset".
The tech tyranny feels so threatened by the possible return of free speech, they've gone so far, as to petition the corporatocracy, to defund the (twitter) platform.
See: —John Perkins, Confessions of an Economic Hit Man (2004)
Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S. Agency for International Development (USAID), and other foreign “aid” organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet’s natural resources. Their tools include fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization. I should know; I was an EHM.
Back to the Energy Trade
#NatGas pulls back. Call this, your "trade of the day". Short term direction, higher.
Too bad the gd equities market can't pull back like Natural Gas, then we might not have to remain stuck in a range for weeks on end!
#Oil
Energy as a whole continues to hold up above the 2008 high. I believe this is because the options market has been rigged.
$IXE - chart added to the public charts area. See the annotations: I suspect bullish Options have been purchased months out.
I've also added the 5 min energy chart to the public charts area, for your personal entertainment
Brent crude is broken, but we're seeing buyers come in at the 50 day moving average - no chart
The $VIX started breaking out yesterday, and I have learned not to argue with the $VIX. I suspect Fear is going to remain contained, and I'm looking for continued mixed markets, but if the $VIX continues to breakout, all bets are off the table.
$VIX was only up 2% yesterday, so to date there is little fear in the market.
Take Care, AA
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