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Archive for August, 2014
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Better Triptych Than Cryptic

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August 29, 2014

Better Triptych Than Cryptic

I can literally see you guys scratching your collective heads, so let’s precede the charts with what the heck a ‘triptych’ is supposed be. Here you go – lifted right off Wikipedia: A triptych is a work of art (usually a panel painting) that is divided into three sections, or three carved panels which are hinged together and can be folded shut or displayed open. It is therefore a type of polyptych, the term for all multi-panel works.

Well, I guess that cleared it all right up then, didn’t it? And you’ll be happy to know that all triptychs presented today were painstakingly hand-carved by yours truly. That’s right – we [...]

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So Far So Good

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August 28, 2014

So Far So Good

Apologies for my relative absence today – for one until now there was little to add to yesterday’s perspectives, and second I’m running a bit thin on time today. So let’s cover the basics:

If you recall – I pointed at the 100-hour SMA as our inflection point for a drop toward the lower Bollinger. That very scenario played out overnight and since then we’ve bounced back and are in the process of recovering the SMA.

It’s possible that this was simply a little stop run to shake out some weak hands. The UVOL/DVOL ratio seems to suggest just that. If you look closely the previous sessions ran pretty much on remote [...]

2006
 

Forex Plays

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August 27, 2014

Forex Plays

Judging by the participation in the comment section you guys aren’t amused by today’s tape and I can’t really blame you. So let’s mosey over to the Forex side as it’s looking a lot more tantalizing.

The Dollar is taking it on the chin today and the DX is now back at the 100-hour SMA. That’s actually rather healthy as I prefer it see take a breather and shake out some weak hands as opposed to snapping higher and painting a blow off top. Let’s see what happens here – a close today below the daily NLSL could lead to more downside – however, I would watch the 100-hour, if it holds this may be contained. Next support [...]

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Long Term Perspectives

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August 26, 2014

Long Term Perspectives

Equities are bubbling higher with the ES futures touching the 2k mark for the very first time (the cash did it yesterday). Since there’s not much to be said on the trading front this is a good time to run through a few long term perspectives. Now that another major milestone is in the bag the question once again returns to how long equities can keep this pace up!

Let’s start with price and our volume profile on the E-Mini futures. If you ever entertained illusions of possessing any clairvoyance in regards to the market’s direction then think back to early August when we were in the midst of what looked like a correction with legs. Since that time [...]

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    So Thor triggered on crude a few days ago and after weeks of sideways pain I wasn’t particularly thrilled. But nevertheless the entry was taken according …
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