TRENDING
Yesterday’s late session hours presented us with a possible long opportunity but I wouldn’t blame you if you missed it. The divergence on the Zero Lite was pretty pronounced after the fact but proved nearly impossible to time.
Equities may be ready to paint a retracement here but we need to see a bit more context. If you’re already long since yesterday then you got a perfect entry and I suggest you do nothing and keep your stops loose. However if you’re still looking for an entry opportunity then you may want to consider the following:
Santa apparently came early this year and he’s ready to play! I hope you haven’t been naughty and stuck with our script or he may be paying you a special reeducation visit. Alright we’ve got setups setups setups! Equities seem to have held up well overnight and we seem to be on course for a continued squeeze higher.
The only fly in my ointment was the rather marginal Zero signal post FOMC announcement. Clearly very few players were participating ahead of time but I would have expected a bit more juice there an hour or so after the verdict. But let’s not jump to conclusions just yet – we’ll be monitoring the situation today and [...]
We’ve come quite a long way since the grizzles were ordering party hats and truck loads of Cristal in celebration of the impending August doom & gloom slide into the abyss. Since those lows we have regained some 270 juicy S&P handles and it looks like we’re ready to transition into the annual X-Mas bear hunting season. However, it’s my duty as the crusty bubble bursting host of this digital domain of trading doom to once again caution you to curb your damn enthusiasm.
Why you ask? For if we complete this week in the plus once again then I count six consecutive higher highs. And that means that probabilities start to lean toward a much [...]
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