Spot On

You guys have to give me a tiny bit of credit today – after slaving away 20 hours plus last weekend and barely being awake I somehow managed to pick the lows of the day in the morning. Alright, technically I was off by 1/2 handle – I hope you accept my apologies then:

2014-09-29_spoos_update

It’s all in the wrist folks – and a bit of dark magic of course. The bad news however is that the bulls may not be out of the woodworks here just yet. A rather aggressive bounce this morning but that may be just EOM painting – recall that tomorrow is September’s last trading session. Oy vey – I can already here the Christmas commercials – the horror! Yes, that’s right – you’re getting old.

I would not wager making any conclusive call down here – we’ve held some reasonable support and if you bought there then by all means hold your positions for now. But unless we close positive or almost positive today this may lead lower on Wednesday.

2014-09-29_Zero

The chart of the day for me is the Zero – excellent Mole signals and if I wasn’t so damn tired I’d put up a video. But I’m pretty sure most of you guys would prefer me finishing Thor, right? Which after a Sunday snag has since progressed very nicely and I should be able to put up an early alpha sometime tomorrow. Cross your fingers.

UPDATE 4:30pm EDT - see above the updated chart.

2014-09-29_USDTRY_update

Our USD/TRY campaign is nearing its end as I banked 50% profits at the 4R mark – if it wasn’t trending so massively I would have closed it out altogether. But I’ve had an excellent month and that permits me a bit of discretion. However when I say discretion it means putting a stop below the 3R mark – so I’m not exactly playing dare devil. This was an awesome campaign and sadly I don’t think that many of you guys tagged along – at least judging by what I’m seeing in the comment section.

2014-09-29_EURUSD_LT

Since it’s the EOM I’m planning to do a long term update tomorrow – I think given where we are waiting another session is probably wise. On the Forex side the USD and the EUR are heading into respective inflection points – I wanted to post the EUR/USD early as it’s going on ‘bounce watch’ now. The weekly and monthly will put up some support here and odds are that the easy ride is over the Euro bears. It’s been a fun quarter for this expat as I’ve seen the EUR/USD go from almost 1.4 to nearly 1.27. That’s 13 cents I’m saving per Euro spent – quite significant and I’m able to afford an extra slice of bacon per week.

Two more setups below for my intrepid subs – please join me in the lair:


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That’s it for today – see you guys tomorrow!

Cheers,

Monday Morning Briefing

I can’t believe it’s Monday already – time flew by for me last weekend as I was spending over 20 hours coding on Thor. Which by the way would be done today had it not been for some mysterious Kinetick data feed issue which effectively wasted five hours of my Sunday. No worries my resident team of highly trained ninja assassins (i.e. they scored high in Mortal Kombat) has already been dispatched. I put in some extra hours however and am pretty close to an early release – give me another day or so.

2014-09-29_spoos_briefing

So it looks like we’re not done yet on the equities front. See, I told you on Friday that I would have preferred a more solid touch of the 100-day. So we got another leg lower overnight and now we’re pretty much back to whence we came near the Friday lows. May be a late shake-out – keep an eye on the Zero for divergences today.

Frankly speaking I’m not particularly interested in being involved in this wood chipper. But if you must play then I strongly suggest you keep eyes on the 1955 mark as the weekly NLSL plus the 100-day SMA are now converging there. A drop below has us near 1940 where the 25-week SMA beckons – it has been tested sufficiently but it’s not a hard support line, so momentum may easily drive us below for a scare-the-children candle before we see a bounce.

I parsed around but did not come across any appetizing looking ST setups this morning. So let’s stay put and see what the afternoon brings. FYI – as it’s the EOM I’m planning to do a LT update either today or tomorrow – the former depending on whether I’m falling off my chair tonight. Anyway, see you guys before the close.

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,

Thursday 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.

2014-09-25_spoos_briefing

Equities are still nibbling on their hourly inflection point – overnight the formation has actually improved from a technical perspective as the 25-hour 100 has caught up with the 100. So in a nutshell – be long ES above 1992 – anything below is whipsaw territory.

2014-09-25_USDTRY_briefing

USD/TRY – a setup that the subs and I had our eye on. It triggered late last night and we’re off to the races! Already banked us 1R and our stop loss now moves to the break even point. Aaah – why can’t it be always that smooth? ;-)

More short term setups are awaiting you below the fold:


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.

coding-powers

See you guys later – I have some important coding duties to return to.

Cheers,





    Zero Indicator


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