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.

Gold is heading into hourly resistance right now – we have a brand new NLBL and the 25-hour SMA. As it’s looking lackluster I am short with a stop above both.

AUD/JPY tickling two engangld short term SMAs – a breach here would invariably pump us much higher, look out for that. A short position is justified if a breach isn’t accomplished in the next hour or so. I’m more excited about a long setup here as the NLBL below may act as support.

More charts and non-biased 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.

Please login or register for Zero Data Feed (non-recurring) or Zero Data Feed (recurring) or ES Gold (non-recurring) or ES Gold (recurring) or geronimo/ES (recurring) to view this content.

Cheers,

This entry was posted on Monday, December 3rd, 2012 at 8:25 am. Both comments and pings are currently closed.



  • AcoBrasil

    GFA looking to gap over resistance at the open. UP 5% in PM trading.

  • http://evilspeculator.com molecool

    Get out of bed you lazy buggers!

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

    20 year T(LT)reasures gapped down.

  • MrMargin

    $DELL finally breaking out. $FSLR also something to watch after coiling up for the last couple of days and showing a double NR4 + ID.

  • http://ibergamot.blogspot.com/ iBergamot

     5 more minutes, please

  • Joe_Jones

    Meh. Gap and Crap

  • ridingwaves

    fed treasury sale today 7-8billion..usually good for one downdraft…

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

    GLD…5min….woo woo

  • Joe_Jones

    Santa Rally, my rat’s a$$. 

  • Skynard

    In SPY 144 front month calls:)

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

    GLD 166.66 – Evilllll

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

    driving into work, may the FORCE be with you Skynarder.

  • ridingwaves

    don’t you mean your elves ass?

  • Joe_Jones

    Hehehe, somebody’s being technical… I’m a shapeshifter but a Stainless Steel Rat deep  inside.

  • itslance

    Full short on FB

  • Skynard

    :-)

  • Skynard

    Long /ES

  • MrMargin

    $SPX tested the 50d and failed (http://scharts.co/UBPgpq). IMO the hourly looks like a failed breakout to me and we’re still in short-term overbought territory. There are also other indications like the VIX being up on Friday while the SPX also closed up. This suggests a small edge to the donwside in the next couple of days. My best guess is still that we re-visit the 200d at 1385.

  • http://www.facebook.com/profile.php?id=100001131611045 Exar Kun

    Long WS. Despite lower price, indicators dont look as bad as previous dip for now if note 5m.

  • ridingwaves

    financials are turning over now..lets see if the push down accelerates 

  • ridingwaves
  • Joe_Jones

    I think it is sad. None of those companies produce stuff in the US, and bankers are a waste of space anyway.

  • Skynard

    ZL regained the signal, will be looking to short todays OED rally:) Dollar tanking again!

  • Joe_Jones

    Zero is my best friend today. Right now it says stay short and reload on rips.

  • http://www.facebook.com/profile.php?id=100001131611045 Exar Kun

    Euro has been doing fine and ES seems stable. Maybe a low risk mid reward trade will be to go long with stops 1 point below today’s low. imo.

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

    shhhh. quiet, you can’t leak info like that. ;-)

    Spoos 1413, headfake to the upside.

  • Joe_Jones

    JMO

  • ridingwaves

    I agree but the 88% part was funny….I mean why invest in anything except those 10?

  • Joe_Jones

    True. Hence why I’m am currently short AAPL through SQQQ.

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

    S&P 100
    645 line in the sand.  644 MA25.
    http://s14.postimage.org/jyuxolqtt/temp1.png

  • Skynard

    Full pos long the /ES:) Getty up!

  • http://evilspeculator.com molecool

    Yeah, that is fucking depressing!

  • Ivan

    Yes it was the Roman Denarius … in which case this chart and outcome should be …

  • http://evilspeculator.com molecool

    WAY too cuddly for a steel rat.

  • Joe_Jones

    Prechter’s bank account balance

  • Ivan

    There there … perhaps the baby should not be thrown out with the bathwater!

  • Joe_Jones

    Don’t tell me that you believe in wave wanking?

  • Ivan

    I use and hence believe in patterns … simple really.

  • Skynard

    It’s not broke, don’t fix it:)

  • http://ibergamot.blogspot.com/ iBergamot

     I have a silver Morgan Dollar in my pocket. I carry it around and show to people. Minted in 1879 in Philadelphia, PA. 5000% profit. What do they leave their children? Nobody answered yet

  • ridingwaves

    Fishing poles?

  • Rightside_ot_trade

    Credit getting a pretty serious smack my b up today
    DHY HYG JNK

  • itslance

    Covered FB….I don’t trust this tape

  • http://ibergamot.blogspot.com/ iBergamot

     I read an article awhile ago, that there is something very wrong with HYG. Something about their composition and weighting. Too math for me to understand. I sold HYG for different reason, but loved getting that monthly dividend

  • Rightside_ot_trade

    Mole
    nice mention on this twitter account last week J.C.parets@allstarcharts:
    J.C. Parets?@allstarcharts big ups to the @evil_speculator for the video showing Wednesday’s intraday market reversal http://stks.co/aFEj  h/t @ppearlman $$ Reply  Retweet  Favorite

  • Joe_Jones

    Huh why? FB looks like a top short trade. It touched its top 100 d BB and reversed.

  • http://evilspeculator.com molecool

    Yeah, everyone really like that vid. No worries – I got more where that came from ;-)

  • http://evilspeculator.com molecool
  • Rightside_ot_trade

    thanks for that, I wondered why the hourly chart looked so jacked up, maybe thats the reason

  • itslance

    I have a tendency to stay in my trades too long and give back profits, so I’m playing it very conservatively.  Every time I’ve stayed in a profitable trade overnight lately, I’ve had my arse handed to me the next day because of the whipsaw action.  I went short at the top of the 100 d BB and covered just short of the daily low.  If we rally at EOD, I’ll probably re-short again.

  • Rightside_ot_trade

    sweet

  • Joe_Jones

    I don’t know if you are a sub, but if you are then you need to take advantage of the 5 min zero signal. On downtrend days, you just need to watch VWAP and the ZL signal and forget about divergences. If we breach above VWAP today with a strong and sustained ZL signal (more than 1 for more than 10 min), then I’ll cover the shorts. Until then, I just let the trade ride. By EOD, I usually take some profit and but also leave some lottery tickets for the next day.

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

    not bad.  he’s got a skrillex look going on there.

    http://www.youtube.com/watch?feature=player_profilepage&v=BUULBlDcju4
    (Stainless Steel Sharks in the Water.)

  • http://evilspeculator.com molecool

    I think I’ll have to do a video today ;-)

  • http://evilspeculator.com molecool

    D&B with jetski rocking peroxide platinum blond babes plus stainless steel sharks. Aaaawesome!!

  • Joe_Jones

    hehehe, classic bear p0rn day. Don’t forget the Bavarian folk music in the background. It goes down well with my T-bone. ;-)

  • http://evilspeculator.com molecool

    Ooom-pa-pa?

  • Joe_Jones

    LOL. Will do. I may have a schwein Schnitzel instead ;-)

  • http://evilspeculator.com molecool

    We have to send this kid to Germany for some language refresher.

  • StrikeFirst

    88.6% retracement.

    I’m always on the lookout for these.

  • MrMargin

    We broke below the range that formed on the hourly since last Thursday which makes it likely that we’ve seen a short-term top on the $SPX. 1385 looks like the probable target.

  • ronebadger

    Not Stainless Steel, but these guys are “Good”, and they’ve been around for 40 years.

    https://www.youtube.com/watch?v=6wWntCWgrvc

    https://www.youtube.com/watch?v=FLScKy2OQR8

  • Rightside_ot_trade

    I see that one of the key three legs of a healthy market is not represented , energy, up 4% YTD

  • StrikeFirst

    I know it can become embedded, but still…

  • Joe_Jones

    If SPX 100d sma (today’s low so far) fails, things should get interesting 

  • itslance

    Sadly, I’m just a Gold sub, not a ZL sub.  I’ve had ZL a few months, but I never really got the hang of using it.

  • bdoone

    Have the ES 100hr sma here also at @1409.25

  • Joe_Jones

    It takes some time to get used to it. Without ZL I am blind and might as well send a check to GS.

  • ridingwaves

    interesting area for vix on 60min, if it gets above seems to jump
    http://s18.postimage.org/wx3y05cgp/vix_60_min.jpg

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨ 
    ¨°º¤ø„¸F R E S H „ø¤º°¨ 
    ¸„ø¤º°¨ M E A T“°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

    Come and get it!

  • http://evilspeculator.com molecool

    Meh…

  • Skynard

    Hum, second that one





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