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Archive for January, 2015
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Alea Iacta Est

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January 30, 2015

Alea Iacta Est

I’m going to cut right to the point this morning. Yesterday near the open equities were at the edge of the abyss and the odds strongly supported continuation lower sometime during that session. However, later that day I suddenly started seeing divergences on the hourly Zero indicator which strongly suggested an impending short squeeze and to which I alerted you to in my early afternoon update. Which is exactly what happened but overnight futures have dropped lower yet again and at this point it’s anyone’s guess to where we head next.

Given the recent gyrations there is not predicting where we swing next or when this thing finally picks a direction. [...]

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Early Warning

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January 29, 2015

Early Warning

I hate to burst everyone’s bearish bubble but unless we drop straight down in the next few minutes it looks like the bears are going to fumble this one – again. I just noticed a rather disturbing divergence on the hourly Zero. Wish I had seen it earlier but I’ve got a bunch of Spanish workers crawling all over the place as I’m getting high speed fiber installed in the lair today. Anyway, here it is:

Lookie here – that divergence on the hourly panel is looking pretty ominous – very bad medicine. In addition flat participation suggests the bots are about to take over and the Mole reversal signals are failing. Let’s not be [...]

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The Last Bear Standing Is A Bull

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January 29, 2015

The Last Bear Standing Is A Bull

The annoying thing about late stage bull markets and in particular the formation of long term tops is that they take forever to play out. Navigating increasingly volatile swings accompanying the final throws of a dying bull cycle takes considerable amounts of patience, discipline, as well as skill. Like Bob The Horse reminded us the other day: Bear markets go out in a bang and bull markets go out in a whimper.

Now the dirty little secret about early stage bear markets is that the last bear standing is usually a bull. Yes, you read that right. Traditionally it’s not weak handed bears who take down a bull market, it’s simply a lack of buyers. Guess what – all [...]

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Wednesday Morning Briefing

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January 28, 2015

Wednesday 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.

I’m grabbing a short if the spoos touch 2040 and change – stop above 2045. Low odds of a slide but big payoff. On stop out I’d flip for a long with a stop below 2040. A direction will most likely present itself here before the week is over, this thing is coiled up to the max and ready to jump.

Cable – long with a stop [...]

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