We’re seeing an interesting failure on the equities side today – seems like it took a few people by surprise and so it should! Judging by the participation a large portion of traders has been locked out of the rally and participation continues to wear thin:

I’ve kept telling people to anticipate a sell off but to remain patient as I have not seen any technical context to hang our hat on. That may be changing now as this stab lower may not hold but will help us establish potential sell opportunities if it heads higher. Quite frankly that signal signature on the hourly Zero looks extremely strange and is starting to reek like [...]

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.

Gold dropped hard overnight but then bounced back. If you are short gold right now I recommend that you exit here or move your stop to the b/e point as that series of daily candles is starting to look mighty bullish. In fact I would consider a long position here above 1210.

AUD/NZD – actually the same formation seems to represent [...]

If you just woke up and found your Forex account in flames then let me give you the skinny. The Swiss National Bank finally realized the errors of their currency pegging ways and decided to suddenly throw in the towel. Which of course triggered a massive dislocation across Forex markets as the Swiss Franc surged by 30pc. As I’m typing this the Swiss stock exchange is a sea of red dropping as much as 14%. Well done!

Now when I was a young kid traveling in Europe a Swiss train conductor kicked me out of the train in the middle of nowhere somewhere in the hinterlands of rural Italy because I couldn’t afford a pass for the sleep wagons (there were only sleep [...]

I’m just loving life today. The weather in VLC was sunny and warm and I just came back from literally ripping up my gym. Once back at the lair I checked back into the matrix and found my account glowing bright green – again. It’s becoming a filthy habit and I should watch my six as this game should not be that easy. But in the end, if you fade the noise it all just comes down to this, right?

But let’s recap for a moment, starting with our daily campaign which we, if memory serves me right, embarked on in the early morning of October 20th. T’was a good day as it was a brief opportunity to catch a ride on the ensuing rip [...]