E-Mini Swing Trading
Discretionary Trading
System Trading
Archive for November, 2012
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November 30, 2012

Only The Paranoid Survive

You all know my motto: Just because you’re paranoid doesn’t mean they’re not out to get you. We are at an interesting junction here and I am seeing signs that point toward possible short term shenanigans on the horizon. Let me show you what I mean:

This is the setup – after a two week short squeeze the E-Mini has bumped into another volume hole and apparently is in the process of gathering strength to overcome it. After all we are heading right into the annual EOY Santa Rally, right?

Except that the VIX has been creeping upward all day. And the rate of ascent does not match the sideways action we are seeing in the spoos, so [...]

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November 30, 2012

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.

By the time I’m typing this the spoos have already touched the 25-hour SMA. A breach lower here may lead us back to the 100-hour. The fact that the 25-hour is flattening may suggest the juice is running out up here. So I’m pretty curious how things will unfold as we are about half an hour away from the NYSE opening bell. I will grab a few ST [...]

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November 29, 2012

Let’s Slow It Down

Things are getting a bit messy out there and I have alert signals light up all across my evil lair market console. As you know there are times to strike and there are times to just sit patiently and wait things out. And the tape I’m seeing right now is but engineered to draw in the suckers and drain them of their last drop of blood. It’s a bit like fly swatting – when things are running in circles it’s best to slow down and wait your turn.

The spoos took off over night, stopping me out and putting me in a long position. Of course the crossing of that 100-day SMA had to be done cloak and dagger style – I would have missed a decent entry if [...]

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November 29, 2012

Thursday 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.

The spoos started creeping above the 100-day SMA overnight which finally triggered my stop. I am now effectively long with a stop below the SMA as the odds now support a positive EOW and EOM candle painting. Price has spoken and for me it always has the last word.

To be crystal clear – this actually pertains to my medium term positions – [...]

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