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,

Monday Morning Briefing

Welcome to our Monday 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 still holding strong this morning and a pop above ES 1923.5 probably leads us higher. The 25-hour SMA has now been well established as support and if we breach it it’s possible we gain some traction for a visit of the 100-hour SMA.

Gold – also following the 25-hour but to the downside. Here I want to be short with a stop above 1250. From there a long is possible but I probably wouldn’t take it as the 100-hour is a bit over 5 handles away. I may change my mind if we get a very small trigger candle and an entry pattern I can’t refuse.

GBP/CAD – it’s just overcame its 100-hour for the second time and if it drops just a bit more I am long with a stop below 1.8179.

More below the fold for my intrepid subs – please join me in the 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.

Cheers,

Knocking On Heaven’s Door

For the fourth time now we are knocking on (bull) heaven’s door – a.k.a. any handle beyond 1880. So it’s definitely not for a lack of trying but no matter how you turn it there’s simply no activity looming above on our E-Mini volume profile chart. A hop higher will take some doing but I have an inkling that once she breaks loose she won’t be looking back.

This remains to be our most important road map on the equities side and you don’t need to be a seasoned chartist to figure out where participation is concentrated – until right now that is. If you want to be short then this is your best chance – right here and right now with a stop above 1880is. As you recall I’m already long since that long hammer, so let’s take a look:

Really not much going on here – we’re bumping against a daily NLBL and that’ll have to be overcome first. My position size is pretty modest here as that hammer was pretty damn long. But that also permits me some staying power as I am sure there’ll be plenty of whipsaw ahead of any potential push higher.

10-year bonds are at their own inflection point – the daily just busted above the 100-day SMA but it’s the weekly panel that has me excited. We’re bumping against a weekly NLBL plus the 25-week SMA. A push above 124’230 will put me on the bus for a ride higher (if things work in our favor that is).

More waiting below the fold – 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.

That’s it for today, have fun but keep it frosty!

Cheers,





    Zero Indicator


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