Hefeweizen Time!

The E-Mini finally found a buyer but got refused access at the ole’ volume hole. It’s been pretty quiet here, so let’s make this a quick one:

That was an awesome reversal to be frank – once again the volume profile chart serves us well.

As you can see we are back at the 25-hour SMA – boy that was fast! IF (and only IF) we drop below that SMA again then I will deem it to be my patriotic duty to scale back into a few short positions.

Gold is hitting its first serious hurdle since it bounced at the 100-day SMA last week. If it can now overcome the 25-day then we should be golden (pun intended) for a push toward 1780. If you took the long setup last week then I suggest you hold. The 25-hour SMA is a pretty good way to gauge momentum here – ideally it will hold but it’s not unreasonable to assume we’ll perform a retest of the 25-day SMA before we push higher.

AUD/JPY – our closest FX correlation to what’s happening in equities. After testing the 25-day (and almost the 100-day right below) it’s now also pushing back the 25-hour SMA on the left panel (just like the spoos earlier today). As I’m writing this we are above the daily NLSL that was triggered overnight. Seems bullish and if it holds on Sunday then we should be heading toward 83.2.

That’s all I have to offer for today. Frankly I feel a bit wiped as I have been extremely prolific over the past few weeks. The Mole needs some serious R&R and I wouldn’t mind to spread around some of those ill-gotten gains. For the record: I’m really proud of you guys. You have been doing very well all through this sell off. Some of you guys have advanced to the next level (spoiler alert: there are zombies on the next one), and it took a lot of preparation, hard work, and of course discipline. So, let’s keep that up, folks! No matter what the tape throws at us next! ;-)

Now let me crack open a cold one and enjoy the fruits of my labor. See you on Sunday!

Cheers,

 

This entry was posted on Friday, November 9th, 2012 at 2:17 pm. Both comments and pings are currently closed.



  • I Bergamot

    Thanks, Boss

  • Joe_Jones

    That beer looks tasty. yum. Have a great week-end Mole, and thank you for your hard work.

  • http://evilspeculator.com molecool

    RELOAD!!!

  • http://evilspeculator.com molecool

    Paulaner – one of my favorites.

  • http://twitter.com/z12z21 z12z21

    Love that Salvator.

  • nugie

    Thanks Mole:  Have to say your comments have been right on.

  • itcomesupinwaves

    Thanks for the great posts, enjoy your weekend!

    http://www.youtube.com/watch?v=Lj-2P9NwnBQ

     

  • ds2

    Lots of divergence on the DZ.

  • Rightside_ot_trade

    Cheers mole , thanks for the exceptional posts this week

  • bdoone

    Thanks Mole…Also looks like the 25hr sma matches up with SPX 200s sma (1380.99)

  • AmazingLarry

    Much appreciated work from you this week, Moleman. I’ve had some bunts and some home runs. All in all, my cash pile is phat like never before. I’m still hungry, so whatever else you got, I’ll lap it up like a sled dog.

  • http://twitter.com/law6 law

    thx Mole

    u r best

  • Pug

    Mole, your prolificacy is impressive. ;-)  A number of your morning briefing setups this week became coin for me. This am after your post took a lottery long on AUD/JPY at 82 and rode it 50 pips back up to the 25 hourly SMA where it failed (so far). Trying to keep it simple and disciplined like you said. Thanks for the hard work on our behalf.

  • jmoney3000

    Thanks for your hard work, Mole

  • http://dartht.blogspot.com/ Darth_Gerb

    Enjoy your weekend.
    good to see many faces commenting.
    This place really is a gem.
    -Gerb

  • http://evilspeculator.com molecool

    Thanks mate – evil is as evil does.

  • http://evilspeculator.com molecool

    I didn’t know they gave trading accounts to pugs, but good for you! BTW, stop the late night barking please – I need my beauty sleep.

  • ronebadger

    I don’t think you’re THAT evil…..

  • http://evilspeculator.com molecool

    Just keep it cool and consistent. Don’t get complacent – work your ass off – don’t let your emotions direct your trading. It’s not complicated – but most people aren’t willing to make the sacrifices necessary to be successful in the game.

  • http://evilspeculator.com molecool

    I see – that probably helps!

  • http://evilspeculator.com molecool

    Dude, that video made our day. Mrs. Evil was screaming with excitement when he flew through the crack. 

  • BobbyLow

    Amen Brother Mole!

    I remember how emotional I was a couple of years ago after I first came here.  I had the mindset that it was all “they” and “them”.  And then I learned mostly from ES that my battle was with me and nobody else.  (If that makes any sense)   :)

    Have a great weekend.   

  • Pug

    Just got a pug puppy about 3 months ago for my wife and 11-year old son, but I like the name. It fits me, tenacious, fun-loving, and susceptible to passing copious amounts of gas.

  • AmazingLarry

    For a while after I “got it” I thought I’d try to help others online (blogs, etc) get it too but I suppose I failed miserably because no one wanted to hear it. Pain and loss is a strong motivator, even still – when the student is ready, the teacher will appear. 

    Not to keep kissing Mole’s ass, but I finally learned what “the price of admission” really means after I got by my incredibly bloated and disstructive ego. “What? Take a loss?! No, it will come back it has to!!?” LOL, fuck me sideways. 

    Bar time. Have a good one.

  • http://dartht.blogspot.com/ Darth_Gerb

    oh, so we can post videos, eh?

    it pays to have EvilSpeculator in your backpack when jumping fiscal cliffs.
    http://www.youtube.com/watch?v=SwbP9WLX3fY

  • rothstein

    i lived in garmisch for a year in my 20s and learned to loooove this beer, more than I should have BUT my favorite was crystal weiss beer. thanks mole!

  • http://evilspeculator.com molecool

    I know where you’re coming from, Larry. Misery loves company after all and that’s why I them huddle together you know where, stroking each other’s egos…

  • http://evilspeculator.com molecool

    Garmisch – awesome. I used to go to the Zugspitze for snowboarding when I was a young buck. One of my favorite places.

  • volar

    congrats Texas A&M! – Huge huge win! got to love the upset

  • http://dartht.blogspot.com/ Darth_Gerb

    you really should post this stuff on Slope. (mate).
    but I’m gonna let it slide, due to your huge contributions.  ;-)

    now, where is the World is the Sunday Post analysis from our Leader?
    it probably won’t have a comic section, so let’s steal one.

    http://farm5.static.flickr.com/4073/4942761294_c02be54f75.jpg
    -Gerb

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨ 
    ¨°º¤ø„¸  N E W  „ø¤º°¨ 
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸





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