Let’s face it – you haven’t been watching your diet over the holidays and those jeans are starting to get a bit tight around the belt line. Don’t despair – Dr. Mole is here to help – we’re going to get that muffin top back into shape for spring in no time. In addition to a rigorous tea bag lifting routine I am also prescribing you a nutritious diet starting with today’s stock symbol salad. Go ahead – dig in!
Let’s start with the E-Mini which has been scaring the children a little in the past two days. However most notably it dropped all the way to its daily NLSL and then bounced back. Great first test and that [...]
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.
Excellent setups this morning. The E-Mini is now below both its 100-hour and 25-hour SMA. After some sideways gyrations overnight the latter is now approaching rapidly while an hourly NLBL looms above. Very interesting configuration and I would be long on a breach of resistance – until then I’ll be short.
The greenback is bumping [...]
Once again this afternoon at 2:15pm the high priests of finance will descend from their retreat above the clouds to share their visions of the future with us lowly disciples. The common expectation on the street is that the crackpipe of quantitative easing will most likely continue to make rounds in order to keep everyone in a frisky mood for buying equities.
There are good things about FOMC days – according to this paper there’s a real edge in getting positioned ahead of the announcement:
This chart plots the average cumulative one-minute return on the S&P500 index (SPX) over a three day window. The solid black line shows the average cumulative [...]
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.
Let’s kick things off with a shameless plug: I thought some of you non-subscribers would appreciate a snapshot of the action in the Zero indicator over the past two sessions. The Mole signals (on the right Zero Lite panel) have been calling the swings rather nicely, which is precisely the reason why I’m working on a pertinent black box system [...]