No, I’m not referring to that most excellent movie with Giovanni Ribisi, which along with ‘Wall Street’ (the first one – the second sucked) is a must-see for any aspiring trader – especially if you’re thinking of joining one of the big name firms.
Rather I am referring to that great smoldering city in the South also known as Houston, Texas. And that’s exactly where I’m heading this Sunday – scheduled to return on Tuesday the 4th.
And let me proactively dispel any rumors that I am not going to there to meet Brittany Booker, a.k.a. Miss Houston 2012. There is NO truth to those allegations whatsoever! [...]
I got a Friday afternoon setup in the spoos for everyone – the setup is too juicy.
I just can’t help myself – although the odds favor the other direction right now there is MINIMAL risk in taking this trade with a stop just a few ticks away: [amprotect=nonmember] 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 or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck. [/amprotect] [amprotect=1,13,9,12,5]
This is really very simple. I’m going to take [...]
Episode 2011-09-29: Burn The Shorts
I think by doing nothing all day the Zero Lite did us a huge favor. Sometimes it’s not about what it says but what it doesn’t, which if you must ask refers to ‘non confirmation’. The bots quite obviously rode this sucker down all day, just to pull the carrot from over eager shorts and instead applying a thorough rectal cleansing. I hope you enjoyed the ride – if you weren’t a sub today please accept my condolences.
The future is now, folks. Moral of today’s session: If you bring a pocket knife (e.g. MACD, stochastic, etc.) to a gun fight (i.e. HFT dominated market) then you only have [...]
There are reasons why many folks here subscribe to the Zero and the current short squeeze is one among many. I’ll cover that later – for now let’s take a quick look at the spoos and the SPX. We are now bouncing from well established support lines but I want to drill our treasure map into your rodent brains so that nobody gets caught with their pants down.
The daily is useless right now so here’s the weekly SPX which has given us two juicy net-lines – one to sell and one to buy. We were once again retesting the NLSL today and that is potentially bullish – assuming of course it holds through the session and [...]