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Archive for May, 2013
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Acess Denied!

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May 31, 2013

Acess Denied!

You can’t say that the greenback hasn’t put in a rather valiant effort but in the face of continued Fed stomping I am having my doubts that we’re going to see a breach above our LT resistance line:

Considering the facts at hand it’s clear that a strong Dollar does not rank very high considering the Fed’s continued policies of quantitative easing. Yes, there was some jawboning a week ago suggesting that they may cut down a little on their monthly bond purchases sometime after the summer. But as the saying goes – don’t worry about what they say, pay attention to what they do.

Soberlook posted a pretty good piece on [...]

3908
 

Friday Morning Briefing

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May 31, 2013

Friday 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.

Equities have been running in circles for the past few days and after an overnight drop our RTV Sell seems to be back in the running. But we are far from being out of the woods – a breach has to materialize or this will most likely wind up to be a sideways correction.

Silver attempting to find some ground at its 100-hour SMA – [...]

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The Onus Is On The Bears

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May 30, 2013

The Onus Is On The Bears

Once again the onus is on the bears to drop the ball and they’re doing a smashing job of it. When it comes to rolling over and running for the hills at the slightest sign of buying pressure the remaining gang of grizzlies can’t be beat. Darwinism at its finest and I guess four years of Pavlovian conditioning with a cattle prod does leave some psychological marks.

I’ll be quick tonight as I am knee-deep in slinging code and want to put CrazyIvan into alpha testing by the end of this week. The greenback was no match for Bernanke’s foot as the daily stomping near its key inflection point of 84.5 was more than it could take. Down she goes and it [...]

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Thursday Morning Briefing

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May 30, 2013

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.

The Dow futures at the 100-hour right before the GDP and jobless claims at 8:30am will probably trigger a bit of volatility – be cautious and prepared for whipsaw.

Similar configuration in the spoos – by the way and just for the record: any long positions are short term and do not affect our daily setup which remains short until [...]

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