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Archive for October, 2014
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Happy Halloween!

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October 31, 2014

Happy Halloween!

Boy oh boy – I live for this stuff! Massive moves across the board and of course Thor is loving it. Before you guys head out and slip into your Halloween costumes I wanted to serve up a few more charts as we are seeing had significant developments across the board:

The E-Mini (and the S&P cash) just painted a new all time high – who would have expected that just two weeks ago? Well, we didn’t but we had the foresight to go long near 1860 and our accounts have been blinking green ever since. As I said – this thing is just getting warmed up. Today it’s going to be pretty much ramp & camp here and most likely we’ll be seeing a [...]

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Wrapping Up The Month

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October 30, 2014

Wrapping Up The Month

As usual October has been a pretty capricious month and there wasn’t a dry eye left in the house. Tomorrow will be its last trading session but since Sunday is Halloween I don’t expect much activity. So let’s take a quick look at where we are on some of the most salient charts:

The most ominous chart right now must be the Euro. We finished September near the lower Bollinger and it looks like we will be doing so again. What’s worse most likely it will be a shooting star and a drop below 1.25 may actually lead us toward the 1.2 mark. Frankly that was on my Christmas list last year and it’s about time Santa delivers! For the noobs – [...]

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Getting Paid On Thursday

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October 30, 2014

Getting Paid On Thursday

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.

Equities have dropped a little lower overnight and we’re now testing the 100-hour SMA. If I wasn’t long already in my ongoing campaign I would be here with a stop below ~1958. If supports fails then the next probable scenario is a visit of the lower 100-hour BB which coincides with NLSL at 1944.5.

Here’s another view at the [...]

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RIPQE

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October 29, 2014

RIPQE

Here lies the charred remains of Quantitive Easing – Time Of Death: 2pm October 29th, 2014. May you rest in piece – it’s been fun. The market is now officially on QE cold turkey (just in time for Halloween I may add). So when are they announcing QE4?  Just kidding!

Well, the good news: the Dollar is up and the Euro continues to drop as I’m typing this. Which of course serves this expat just fine. Alright – let’s review the damage, shall we?

Big FAIL on the gold front – it never even had a chance of touching that NLBL on the daily. The weekly appears to be a goner as well. Next target is the weekly NLSL at [...]

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