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Let’s Dive Right In

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September 8, 2015

Let’s Dive Right In

Hope you had a relaxing weekend – yadda yadda. I’ll spare you the usual pleasantries as we seem to have hit the motherlode this morning. I’ve literally got setups crawling out of the woodwork, so without further ado let’s dive right in!

On the spoos we are in a prime LT position to get positioned. The only problem is that we are still dancing on the knife’s edge and I don’t see a valid setup. So taking out a position here would be tantamount to a coin toss. As of right now the bulls have a minor advantage as major LT support levels have been successfully defended. Clearly the whole Labor Day weekend business has ruined last [...]

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Never Trust Your Gut

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August 5, 2015

Never Trust Your Gut

Yesterday I once again got reminded of a crucial lesson that I learned years ago as a fledgling trader and which bodes repeating. If you read that post then you recall that I was all hot and bothered about bonds – equities in comparison merely seemed to be the sideshow. Well, a few hours later reality kicked in and bonds all went upside down with equities steadily dropping toward our stops.

However earlier this morning our patience got hugely rewarded. Truth be told a few ticks lower and my stop would have gotten snagged. Better to be lucky than good as the saying goes. It’s now looking very positive however and we could be at the onset of a short [...]

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Bonds Bonds Bonds!

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August 4, 2015

Bonds Bonds Bonds!

Excellent bond setups are on the roster today and I’m posting this early so that you guys have a chance to get a seat on the bus. Equities are also in a pretty juicy formation so I guess it’s going to be a busy morning:

The spoos are looking tired as heck which is why I’m currently long with a stop below the recent spike low. IF we bust through that one then I think we’re going all the way to the lower daily BB. Also note that the hourly BBs are tightening and most likely we are going to see even more volatility here soon. Heck… hell of a summer!

The NQ painting the same pattern – also long here and I have split my 1R [...]

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Thursday Road Map

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July 30, 2015

Thursday Road Map

Finally this month’s Mad FOMC Wednesday is behind us and we can get back to what we do best – squeeze ill-gotten gains from this crazy market. We have a ton of juicy setups today and equities also offer us various ways to get (mildly) exposed, so let’s get to it.

Now, I’m going to make this extremely easy for you today:

While we’re between 2100.75 and 2095.5 – do NOTHING. This is hardcore churn territory. Above 2100.75 the bulls are in possession. Below 2095.5 you can be short with 1/2R or less. At 2085 we evaluate – best to consult the Zero at touch down to see if there’s a potential fumble in the cards. Below 2083 [...]
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    So Thor triggered on crude a few days ago and after weeks of sideways pain I wasn’t particularly thrilled. But nevertheless the entry was taken according …
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