Scottish Quadruple Witching Alibaba Friday

I’ll be very brief this afternoon for two reasons. First, it’s been a very rough session across the board as it’s not only quadruple witching Friday (definition here) but just to juice the goose a bit more Alibaba [BABA] went IPO today and the Scott’s decided to remain part of what remains of the once great British Empire.

Great_Witches

So volatility and confusion in spates and thus I’ve been mostly staying out. Took a ST long position this morning which however was stopped out when the ES dropped through 2006 and proceeded to test the 2k mark (as in scenario B I mentioned this morning).

2014-09-19_play_the_swings

Which means until further notice we are back in the ‘play the swings’ zone again. You know – the dreaded 20 handle trading range between 1990 and 2010. The 25-hour BB touch this morning was a first foray into leaving it behind but today surely was not the day – quite frankly I should have probably known better. But the Mole was otherwise occupied to be frank.

Which brings me to the second reason I hinted at above in the intro. Here’s the skinny: For the past two months I have been laboring behind the scenes on something new and extremely exciting. Scott (roughly) knows what it is but even he has no idea what exactly I have been cooking up in my evil lair. Well, I’m getting closer to making an announcement and quite frankly I think it’s going to blow everyone’s socks off. Trading will never be the same for any of us – that’s all I can say for the moment.

And now that I have tickled your collective curiosity let me crack open a cold one and allow to me get back to work – I better live up to my sensationalistic promises. See you guys on Monday!

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don’t waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Cheers,

Friday Morning Briefing

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.

2014-09-19_spoos_briefing

 

The only play I see this morning happens to be on the equities side. Nice little stab overnight and we’re back near the 25-hour SMA. A touch of 2008 has be long with a stop below 2006. Caveat: low odds of success here as we may see a more extended shake-out. Which is why I suggest 1/2R exposure only – however, IF we push higher then it’ll most likely turn into a squeeze and it’ll pay off well.

FYI – almost identical setups can be taken on the YM and the NQ – I would suggest the latter. If we get stopped out then a drop to the lower 25-BB near ES 2000 is in the cards. We should know which way the wind blows today shortly after the open. I suggest you watch the Zero for divergences in both directions. See you guys later this afternoon.

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don’t waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Cheers,

Knocking On Heaven’s Door (Again)

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.

2014-09-18_spoos_hourly_briefing

The spoos are back from whence they came a bit over a week ago – the upper 100-hour BB line beckons and the bulls are happy to oblige. The BB is still expanding and if momentum can be maintained than a break above the 2010 mark may be in the cards before the Friday close. However, be warned – we are back in whipsaw territory – the smart play right here and right now is to be short with a stop above about 2007. Little risk for potential easy gain – if stopped out flip for long positions, unless it happens late Friday at which time we may be a bit late to enjoy a ride higher (you don’t want to sit on open futures positions over the weekend).

2014-09-18_silver_briefing

Not much going on this morning – we have a potential short here on silver. Frankly I’m not too excited about it but am playing it with 1/4 R just for the record. Stop above the SMA.

One more goodie below the fold – please step into my lair:


More charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don't waste time and sign up here. And if you are a Zero subscriber you get free access to all Gold posts, which gives you double the bang for your buck!

Please login or subscribe here to see the remainder of this post.

You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.

Cheers,





    Zero Indicator


    Darth Mole Alerts

  1. poll

    • What is your average spread on the EUR/USD?



      view results

      Loading ... Loading ...


  2. search warrant


  3. recent misdeeds

    1. Scottish Quadruple Witching Alibaba Friday
    2. Friday Morning Briefing
    3. Knocking On Heaven’s Door (Again)
    4. Post FOMC Madness Update
    5. Back With A Vengeance!
    6. A rare but good long setup in equities
    7. This Market Sucks Update
    8. The Other Shoe Just Dropped
    9. The Long Con
    10. Sitting Pretty



  4. links


  5. yes we can!



    NinjaTrader
    Kinetick