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Archive for September, 2013
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Take No Prisoners Policy

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September 30, 2013

Take No Prisoners Policy

I haven’t been around much in the past week but just from looking at the hourly charts it’s rather obvious that this correction has hurt as many bears as it has damaged the bulls. The general script has been a gap down followed by a slow melt up higher throughout the session. Whoever has been driving those daily gyrations (i.e. institutionals) has been abiding by a strict take-no-prisoners policy. I bet you good money that few retail bears are able to hold through those pull backs. Which is the sad fate of retail bears – they wait months and sometimes years for their coveted pull back, just to miss out on most of the good moves in the end. Downside corrections can [...]

2918
 

Emotional Monday Morning Briefing

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September 30, 2013

Emotional Monday 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 Mole is back and with a vengeance! Before we get to the (rather interesting) tape this morning I would like to extend my sincere thanks to the Scott the Convict who kept this blog humming all week despite a ruptured appendix which forced him to go under the knife mid week. Talking about commitment and being a tough SOB – you’ve got it in [...]

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Scaring The Children

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September 20, 2013

Scaring The Children

You guys are pretty quiet today so I take it most of you are getting ready to enjoy the last summer weekend of this year. In some ways I’m a bit sad to say goodbye to the hot weather here in Spain. But then again – fall is when it gets really busy here at the lair, and I’m definitely looking forward to inflicting some damage on whoever finds him/herself on the other side of my setups 😉

So we’re scaring the children a little today – which is not surprising given the level of participation last Wednesday which invariably lures in some of the top chasers (a.k.a. retail). I don’t see anything of interest on the daily but the short term [...]

853
 

Friday Morning Briefing

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September 20, 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.

The spoos are in a pretty good spot right now. I want to be long above the 25-hour with as top below that NLSL at 1,715.25. A bit of BB compression going on there as well, could get fun. I am not that interested in a short here below the NLSL as the 100-hour looms below at 1705.

The NQ is looking pretty solid here with plenty of ST support [...]

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