London is closed and not surprisingly the tape on all fronts is plotting sideways today. Which gives me this crazy idea about taking a day off for a change. The mistake I make is to casually mention it in the comment section – and of course I get shamed right back into productivity mode. That’s right – the Mole only posts six days a week for the past four years. A day off? Not on captainboom’s watch!

So I promise to look around to see if I ‘run into something interesting’ – obviously hoping that I won’t. Except that I do – of course – I just can’t help myself. So there you go – let’s have [...]

If you have been following the tape throughout the summer then you may recall that equities have been on a veritable rampage while other key markets have remained stuck in a slow sideways roast from hell. And you can’t blame global warming as any wretched soul caught long theta on any of those dogs is probably several foot underwater by now. Allow me to illustrate:

Here’s a long term chart of the S&P E-Mini – nice jump in June and it’s been one brutal short squeeze since then.

Meanwhile the Dollar has been tickling upside resistance and pretty much has gone nowhere fast since May. Note that an important trend/support line was [...]

Very interesting session thus far – the spoos opened lower but reversed almost immediately and have since been pumping higher without taking as much as a breather. Judging by the Zero Lite accompanying momentum/participation has been minimal. It’s possible that this is just a counter snap but I think the final hour before the bell will provide us with a few more hints.

As I am typing this the spoos have approached an inflection point which cannot be breached if the bears want to get a bit more play next week. We ran up all the way to that NLSL and are now pushing sideways. I would be short here with a stop right above that NLSL. Next best resistance is that [...]

After having suffered through several sideways summer snoozer weeks we are finally off to the races. Booyaka! Almost all of our setups posted earlier this week are proceeding nicely. Which is our well deserved reward for remaining focused and not getting distracted by either the news or the noise. The tape has been moving fast and now it’s time to start taking profits on some of our setups. We also have new exciting victims in the bullpen so let’s jump right in:

Real quick before we get to our setups – here’s a chart I emailed to my subs before the NYSE open. Due to two engulfing candles we were seeing a very interesting setup on the S&P [...]