Feeling Volatile

The comment section has gone into flatline mode so I must assume that many of you guys are enjoying an extended weekend. Well, the market waits for no man (or woman) – since it’s only the hardcore crew I’ll be brief but I will make it count as we have nice setups today:

2014-09-03_spoos_update

So I told you guys to short near 2010 and judging by the thundering silence none of you rats did. A bit frustrating, but not for yours truly as I pocketed some green on the way down. I can tell you where the good spots are but if you guys don’t pull the trigger – well, refer to my comment in the intro.

Now what does this chart above tell us? Quite a bit of short term price volatility there – it’s been going on for a week now. Where does this sort of thing (sideways/volatile) usually happen? That’s right – before big moves. Again, direction is unclear but the more time we spend here the greater the chance we’ll actually get a good entry. FYI – I have no directional bias.

2014-09-03_zero

Before we get to the setups. The Zero indicator did a bang job again today – very nice divergence near the lows – just like yesterday. If you are a sub and didn’t play those then please proceed directly to the tutorial page for a refresher.

2014-09-03_gold_update

Seems like that speculative gold entry yesterday (sorry – subs only) may just have a leg to stand on. I also like the proximity of the 25-week Bollinger (a touch would have been better). Best we can do right now is to leave our stop below 1260 and forget about it for a few days.

2014-09-03_PL_setup

While we’re in the precious metals aisle – I’m long platinum on a breach of that hammer. I think Scott would actually like this one, hammers and shooting stars are his new thing (with a few additional rules thrown into the mix). Anyway stop below today’s lows – or you can put it below the 100day BB nearby.

2014-09-03_sugar_setup

Sugar is looking sweet again – may just be able to muster up the mojo for a bounce. Long here with a stop just a few ticks below (i.e. < 15.5). A bit speculative – you may reduce R size to 0.5.

2014-09-03_AUDUSD_setup

AUD/USD – nice reversal – I want to be long above the NLBL on the daily. FWIW – beautiful BB compression on the weekly. I think we may just see some movement here into fall.

2014-09-03_USDCAD_setup

USD/CAD back near the 100-day SMA – it’s now or never. If it fails it then we’re pretty going to see a more complex correction – the easy path is to bounce here and take off. Decent probability and I’m in with 1R – stop a respectable distance below the 100-day as shown on the chart.

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don’t waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Cheers,

Back To Work Bitches!

I can literally see your collective long faces as you’re dragging your worker bee butts back to the dreaded office or wherever you wound up trading time for Dollars. While you were following your trivial leisure time pursuits the Mole of course was being productive. What I’m hatching up on I cannot tell you (yet) but if it pans out as planned it’ll be rather mind boggling. Stay tuned.

2014-09-02_events_week

Judging by the event schedule it’s going to be another fun filled week – with the exception of tomorrow.

2014-09-02_SPX_briefing

Here’s the hourly SPX cash – or at least where it left off on Friday. As you can see the trend is getting a bit long in the tooth and either we’re dropping into a correction here or we’ll blow the bears out of the water. But what’s pretty certain here is that we’ll be seeing movement this week.

2014-09-02_spoos_hourly_briefing

Ditto on the futures side – I’ve zoomed out a little to give you a better perspective of where we are. The 100-hour Bollinger is contracting and although it’s not at an extreme it’s reasonable to expect a jump in volatility.

FWIW – my NQ and DX position are still in play and have at this point produced a mind boggling amount of profits – one of the campaigns of the year for sure. I am trailing as explained last week and am enjoying the fruit of NOT OVER THINKING A RUNNING POSITION. You know who you are ;-)

Alright, we’ll be having a bit of fun on the commodities side this morning – please step into my lair:


More charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don't waste time and sign up here. And if you are a Zero subscriber you get free access to all Gold posts, which gives you double the bang for your buck!

Please login or subscribe here to see the remainder of this post.

You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.

Cheers,

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.

2014-08-29_spoos_update

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 spare no expense here at Evil Speculator! (RIP Richard!)

Alright now seriously – it’s the end of the month and since the tape is diddle daddling around the 2k mark, pretending that it has any real meaning, this is as good a time as ever to revisit a few of our long term charts. And guess what – we’ll do it triptych style, meaning we look at the daily|weekly|monthly panels side by side. This way we are able to better discern where potential inflection points are present.

2014-08-29_spoos_triptic

Starting of course with equities here we have the E-Mini futures – purists would insist on charting the cash but on the long term side I think it’s acceptable to use them as price differences sort of wash out. As you can see there is – well, actually there’s almost nothing to be seen here in terms of upside resistance. I see a truck load of weekly and monthly support, for that matter. For instance there’s the brand spanking new NLSL on the weekly backed up by the 25-week SMA. On the monthly we’ve got the diagonal from hell which has been frustrating the bears for several years now. And every month higher produces another stepping stone for the bulls per the Net-Line rules (see the cheat sheet).

So we are looking at a solid trend here folks and if you cut out all the noise it’s never been really threatened this year, despite the little drop we recently played quite effectively.

2014-08-29_DX_tryptic

This chart paints a big smile on this lowly expat’s silly face – old bucky finally got its groove on and there’s really nothing holding it back until about 83.5. That is where I expect to be scaling out of those long positions which have been adding much ill-gotten gains to my trading account.

More non-cryptic triptychs below the fold – secret decoder ring required:


More charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don't waste time and sign up here. And if you are a Zero subscriber you get free access to all Gold posts, which gives you double the bang for your buck!

Please login or subscribe here to see the remainder of this post.

Well, it’s been a fun and most of all – very profitable – summer for us steel rats. If you played along then you pad yourself on the shoulder and reward yourself with generous helping of your favorite malt beverage. Your mileage may vary but you know what that means for this old market megalomaniac :-)

german_beer2

Prost!





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