Ramp & Camp

Thus far all I’m seeing is a ramp & camp day, so this could turn out to be interesting. I’ve said it before and I’ll say it again: None of the news sponsored emotional spikes matter – it’s the follow through we really care about. Under normal circumstances I would be all over a no-show session like today. But unfortunately the lack of context is dampening my appetite for picking a side, for now:

That doesn’t mean we can’t have a bit of fun, right? Let’s kick of our first setup of the new year via gold – beautiful 100-day SMA touch and although I think it’s looking bullish I am short until (or should I say when) it breaches that SMA. If that happens then I’m happily long with a stop below. A pop above the 25-day would be confirmation and I hope it’ll happen as this IMNSHO would be the more profitable direction.

AAPL painted a pretty lonely candle today but I’m granting myself a few lottery longs here with a stop below the 25-day SMA. Caveat – that one is still dropping thus I suggest discipline with your stop . Obviously AAPL has been very volatile as of late and if you follow me into the abyss then play it small and permit yourself a stop at least a bagel throw away.

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Cheers,

This entry was posted on Wednesday, January 2nd, 2013 at 1:42 pm. Both comments and pings are currently closed.



  • http://evilspeculator.com molecool

    Alright – how’s everyone today?

  • captainboom

    Still have all my fingers :-)   My shows went well Monday night.

    AAPL’s got a weekly NLBL at 549.56.  Longer term, I could be concerned about longs after closing December below the monthly NLSL at 570. Monthly NLBL at 603, so it could be out of the woods with a close above.

  • Pat Malloy

    took profits on some longs- nice start- happy new year

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

    Feeling great.

    glad to not have my face ripped off this week.

  • ronebadger

    I’m in my place, hanging on your every word and chart (even though I’m just following ES/SPX, NDX and some PMs….so, it’s not “every” chart)

  • AMCabrera

    Doing well sir and being patient.

  • Skynard

    Both hourly signal on buy, ya right:)

  • AMCabrera

    What I like about the usd/nok. the daily chart is pretty much it and the 200 sma that comes along with it.

  • http://ibergamot.blogspot.com/ i Bergamot

     Waiting. Don’t know for what, that’s why I’m waiting until I know what I am waiting for.
    Edit: and watching…

  • ronebadger

     http://www.youtube.com/watch?v=eYenQ5C77nk

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

    just keep your eyes on it around the 8th, okay? ;-)

    http://s14.postimage.org/th29qst1t/NOK.png

  • Rightside_ot_trade

    Excellent, back home from f$&@”ing off for a week.
    Exited Monday’s aud longs this am
    Nice currency sets and hysterical commentary to go along with them;
    starting of the new year right where you left off!
    Nzd double inside period failed on the 240min, Bourdeaux open, waiting to pour

  • Skynard

    TD’s are usually above VWAP, only thing that concerns me of my longs. See what the EOD brings:)

  • Skynard

    Dollar loosing ground, next stop SPX 1460.

  • http://evilspeculator.com molecool

    Can you believe this? They don’t do fireworks for NYE here in Valencia. I was stunned…

  • AmazingLarry

    P&F bullish 103 now. What the? Mommy!

  • AmazingLarry

    Meanwhile on the Russell…all time high, kids. IWM volume thumping. And yet another year with a huge ramp into the new year. 

  • BobbyLow

    Been doing Good Boss.

    Been on the Phone for the past three hours with my son teaching him a little about the trading business.  

    The best thing for him is that he doesn’t have to learn 75% of all trading mistakes the hard way because I’ve already done that.  

    Who knows?  You might see BobbyLow Jr. show up here sometime in the future.   :)

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

    if this was cyclical, it would be time to short it.
    http://stockcharts.com/h-sc/ui?s=IWM:SPY&p=D&yr=1&mn=0&dy=0&id=p93019780411

    but if this is going to trend (higher), aye-yai-aye.

  • ronebadger

    VIX Signal Step 3 here we come!  Just, there’s only a little wiggle room to the lower BB….so who knows…

  • http://dartht.blogspot.com/ Evil_Gerb
  • AMCabrera

     Im negative in my usd/nok Ive bought at 5.5800 5.5600 and 5.5400 but my lord looking at the spx is just epic

  • AMCabrera

     @Gerbil_Gold:disqus yea but in my world the forex it was really ummm lackluster. 

  • Skynard

    Flat /ES 1457

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

    lackluster is good.
    boring is good.

    20 Years on sale today, quadruple bottom, should I pick some up?  Nawwwwh, I’ll pass.

    http://stockcharts.com/h-sc/ui?s=TLT&p=D&yr=0&mn=8&dy=0&id=p59245093246

  • AMCabrera

    20 year uh..I did know you where a bonds kind of guy.

  • badflightrisk

    Amost a 50% drop on TVIX from after hours on the 30th to todays close

  • http://dartht.blogspot.com/ Evil_Gerb
  • bdoone

    Nice call on the 1460

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

    just a tad.
    when equities suck wind, bonds tend to do better.
    if this 30 year bond bubble is going to blow, wow equities have a chance, eh?

  • Skynard

    Tried to talk to son about it, he would rather bust doors. Leaving for booty camp next week, Army infantry.

  • Skynard

    :-)

  • AMCabrera

    I know! I was implying that my usd/nok positions are negative but if I had only the equities to guess by I would think I just lost big time.

  • AMCabrera
  • AMCabrera
  • http://dartht.blogspot.com/ Evil_Gerb

    hence my renewed interest in currencies.
    i’m seeking boring.

  • AMCabrera

    http://content.screencast.com/users/AMCabrera/folders/Jing/media/b5e3e582-de79-461f-9169-9850afbd44a6/2013-01-02_1635.png
    well I did take a fast beating in my jpy long extravaganza but whatever I get them all. Anyhow, this mofo does looking intriguing. If a break lower does not occur it will likely result in it going above 122 again. 

  • AMCabrera
  • Skynard

    MM’s will atemp a new high tomorrow, keeping dry powder in case they don’t make it. That is only a stone throw away:)

  • BobbyLow

    I wish him good luck and out of harms way.  On a positive note, there’s a lot of positive things to be learned in the Military.  

    My son spent 10 Years in the Air Force and after leaving the service, he had a strong career in computer technology/networks etc.  His latest position kind of got outsourced so he got a Merry Christmas F/U Severance Package.  So this is a good time for him to take a look at what we do.   

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

    Holy Mother of Perl
    too hot on the corporate bonds, just too hot.

    http://stockcharts.com/h-sc/ui?s=HYG&p=D&yr=1&mn=0&dy=0&id=p53922188984

  • AMCabrera

    I was a teller before.

  • Skynard

    He will be fine, he had a good trainer:) In some ways it will do him good, just a bad time to go.

  • captainboom

    That is stunning.  Downright criminal not to have fireworks for NYE.

  • BobbyLow

    So that’s why you became a “Money Changer”.   :)

  • Skynard

    That is un-real, just keeping an open mind:)

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

    of course.
    …but doesn’t an open mind just collect garbage? ;-)
    (don’t answer that)

  • Skynard

    Keep an eye on that 100 upper BB, will more than likely will put a short there. Getting un-easy about this ramp now.

  • ronebadger
  • http://dartht.blogspot.com/ Evil_Gerb

    BPSPX, and the parade continues..

    http://s8.postimage.org/gbateoekz/parade.png

  • newbfxtrader

    Onwards! Whats the T time on aud/jpy? Its been a rocket so far.

  • http://dartht.blogspot.com/ Evil_Gerb
  • Joe_Jones

    bucky showing some oomph tonigh

  • Skynard

    Market holding pattern, put /ES long back 1453.25:)

  • Skynard

    Stopped my short yesterday, re-shorted 80.26:)

  • http://evilspeculator.com molecool

    Early morning humor…

  • http://evilspeculator.com molecool

    Not so funny…

  • newbfxtrader

    well with the inflation you cant pay back in real dollars so you cheapen over time. only the people getting the first tranche of money like the banks benefit. down the line real people suffer at gas pumps and grocery stores.

  • newbfxtrader

    thx buddy

  • captainboom

    Yep. My wife is amazed at the cost of groceries.  We’re fairly frugal people, and simply trying to eat healthy is much more expensive than it was a few years ago.

  • newbfxtrader
  • newbfxtrader

    you cant really pay the 70 trillion or more unfunded liabilities. as you cheapen over time it gets easier to pay off debt on the backs of people that cannot protect themselves from inflation. its really a tax and central bankers do agree its a tax.

  • newbfxtrader
  • newbfxtrader

    watch a copy of Food Inc. the food you think is healthy is also garbage. to get real food is extremely expensive.

  • 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„¸

  • captainboom

    That’s my point exactly.  Very difficult to eat healthy at a reasonable cost.  My wife is an awesome cook, so she does well with what she can get.

    Another thing is the lack of variety in US supermarkets.  I’m always amazed at all the cool stuff I can eat when I’m in China.  An amazing assortment of vegetables, as well as unique meats.  Had pig’s heart the last time I was there, and a brightly colored purple drink made from a purple sweet potato.  Pretty cool, and tasty on both counts.





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