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Archive for May, 2012
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May 31, 2012

Rolling With The Zero

If you are a sub then you know that an important aspect of what separates the Zero from traditional short term momentum/trend indicators are divergences. It’s not that other indicators (e.g. stochastics, RSI, MACD, etc.) won’t paint them – they do. But many times they trigger either too early or in many cases way too late, thus diminishing your potential edge. The holy grail, so to speak, is an indicator that paints appropriate signals before prices reverse, not afterward. I am not sure if the Zero should be called that but quite a few subscribers have been happy (and profitable) campers for several years now.

There are actually several good [...]

 
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May 30, 2012

Medium To Long Term Perspective

Let me start out by stating that I don’t trust this tape at all. It feels a bit engineered and a short trading week usually opens the gates to much monkey business. But as a few bearish charts are starting to come into sync I decided to devote a follow up post to some of the perspectives I have shared in the past few weeks.

Yesterday we took a quick peek at the long term spoos chart. My sense was that a close below that monthly NLSL would be bad medicine for the bulls. I also threw out the potential of a last kiss goodbye at the 25-week SMA. All in all it was a great shorting opportunity though with only a few handles of risk. But that was a short term trade and [...]

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May 30, 2012

Honest Now

It’s early in the session but I thought I’d chime in real quick as we have some movement. Now, I hate to quote myself (not really) but alas:

I think it’s great to be short here until we push above that 25-week SMA at 1336.

And I admit that this may have been a scary trade but not really if you kept an eye on the spoos and set your stop accordingly. Where are we painting right now?

Honest now – who of you guys took this setup? I want to see hands – especially you subs. Anyway, I think I’m pretty comfortable with taking profits right here and now. Truth be told it was a small position as I tend to listen to my own advice, [...]

 
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May 29, 2012

Empty Plate Tuesday

Welcome back intrepid ratpack – I hope you all enjoyed your ill deserved three day weekend. Personally I kept myself rather busy while you guys were enjoying yourselves. First the Mole indicator has been updated – it used to keep signaling at the end of the session and I saw little edge in those signals unless you trade overnight. Second I added the NR4 indicator to my setup charts – and that should give us a bit more information near potential turning points. Speaking of which – the tape seems to be all over the place again and I saw exactly zero setups in my charting universe today – sorry guys. Doesn’t mean I’m going to be completely [...]

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