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.

Copper is finding itself wedged between its two short term SMAs. I’m thinking short on a breach of the 100-hour and long on a breach of the 25-hour SMA. It’ll have to hop over one of them in the coming hours – it can run but it can’t hide. Mwuuaahahahaaaa!! Come to daddy…

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Cheers,

This entry was posted on Friday, January 4th, 2013 at 8:35 am. Both comments and pings are currently closed.



  • AMCabrera

    ok back in aud/jpy and usd/cad short long

  • AMCabrera
  • AMCabrera

    so how far was adp from today?

  • AMCabrera

    that would be nice to get paid to guess at numbers.

  • Skynard

     It’s all better now, rate is going down…………

  • Skynard

    WooHoo, was off by a penny on /SI. DG would be impressed:)

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

    I am
    (usually it’s .02 for me)

  • AMCabrera

    your never off with me.

  • Skynard

    Got the hourly cross over on STEM. 

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

    but there’s no volume.
    ;-D

  • Skynard

    Oh, but there is……….they are already in:)

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

    In July sure, but yesterday ..227,000 shares?
    that’s so illiquid, and below a tradebot like you. ;-)

  • Rightside_ot_trade

    Exited NZD shorts from Wed night
    Held the battle zone of ~0.821-0.823 from as far back as early August
    haven’t flipped it yet

  • Skynard

    It is a short squeeze play is all, when I find a symbol like this they are usually small for my beer tab:) Watch that bitch fly!

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

    If market can make new high, it will be crazy bullish. Especially so for IWM .
    Too obvious?

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

    crazy bullish was a year ago.
    nothing goes in a straight line.
    but never say never.
    http://stockcharts.com/h-sc/ui?s=IWM:SPY&p=D&yr=1&mn=0&dy=0&id=p35918311632

  • Rightside_ot_trade

    CHK inside bar fail on the hourly and broke above the 100ma

  • badflightrisk

    ACI wedging and running out of room

  • Skynard

    It sure as hell will make an attempt, it is only 15-20 pts now. Preparing to short EOD or Mon.

  • ridingwaves

    that was perfect profit sell on your /si calls…cheers and good trading…
    keep your eyes on ALU, GS or in some circles the squid have a lot riding on this one now with credit line…needs to consolidate here for move to 2

    off to kona for warm seas, mai tais and surf, cheers and good trading to all

  • Skynard

    Damn Bro, sure beats the slopes. Thinking of moving soon to a place that snow shoveling is not required. Have fun, will keep an eye on that one, cheers!

  • itslance

    AAPL way oversold.  Going long.

  • captainboom

    I think it sees the 100 hour at 523.44

  • Skynard

    Good place, watch 527, 100 hourly. If it fails we may see this rally fade.

  • itslance

    If I get stopped out, I’ll open a new long position there.

  • Rightside_ot_trade

    And above Daily buy line
    Can I get a retest por flavor?
    At the setup sell bar9 on the 3hr
    And diagonal TL resistance
    But still room to run in the 6 hr

  • Skynard

    Another victim, ID/NR7. Shorted on daily NLSL breach:)

  • Skynard

    FN Yen just can’t catch a bid. Nikkei, WoW!

  • itslance

    OMG, this is like watching paint dry!  Wish I would have taken LVS long instead.

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

    it’s the T. ;-)

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

    Will be waiting for a set up on /NKD, juicy!

  • Skynard

    Let me know when that ‘T” ends, will ya?:)

  • Skynard

    VIX just off Aug low. Whoa! 

  • ronebadger

    need VIX less than 13 for lower BB touch…getting close…. wacky VIX!  Apparently, volatility is…. uh, volatile lately…

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

    I think VIX can hit 13.20 (weekly)
    but it’s a snake in the grass.
    and I don’t trust it.

  • Skynard

    See 13 as Ronebadger states, 100 daily lower BB

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

    I did.
    http://evilspeculator.com/?p=33012#comment-753850380

    but you know, no one listens to the Gerb. (sigh)
    well nbfx does
    actually I hope I’m a bit wrong.  cause then fame would take over,
    and the next trade would wipe me out.  but not before the jealousy
    and back biting that would start up.  and the relentless asking of
    ‘the next T’ and then the whole forum goes to pot. and the undeniable banning of my favorite hangout in the trading World. ;-)

  • Rightside_ot_trade

    Well here’s your favorite (DeMark) just for more clues
    weekly http://screencast.com/t/ztz7TluB
    monthly http://screencast.com/t/k93aW6PL2
    note when the move started (yellow Bar 1 of the momo phase ) back in early 2009 

  • AMCabrera

    I for one am glad I put my stop at 92.00 for the aud/jpy good grief.

  • AMCabrera

    http://content.screencast.com/users/AMCabrera/folders/Jing/media/ad1755af-8254-4c01-baee-7b15f3d028f0/2013-01-04_1327.png
    and since I only lost 30 so pips while not really I made a quick profit from the earlier gbp/jpy short I will enter here short the aud/jpy.

  • Skynard

    Market ready to launch again, held above the signal line with participation all day.

  • http://evilspeculator.com molecool

    hey guys – check out DRYS :-)

  • http://evilspeculator.com molecool

    how could I fucking miss this one – breached NLBL yesterday!!

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

     Legit double-bottom.
    If it is, there will be a backtest around 1.80-1.85ish.
    Don’t forget this ship has been a death-trap for months. In fact, I was one of the trapped, but got out at much higher price.

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

     Nazdaq A/D has been positive all day. Even during morning selloff

  • Skynard

    AAPL just back tested that 100 hourly.

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

    Will grains ever join this party?
    I would just start buying JJG in chunks and average down.
    But I can’t, because I like my money too much

  • Skynard

    Jim’s dead……….

  • itslance

    Hope you’re right, I’m still holding AAPL long

  • captainboom

    You must be using the extended session for your AAPL hourly.  I’m not.  Wondered why you said that…

  • AmazingLarry

    Algo pump-n-dump again in SVU. More chatter about a buy out from Cerberus. But it is painting a floor and there was a solid entry at 100 SMA according to the “rules.” Earnings next week. Might be one for an evil rat to keep an eye on. 

  • Skynard

    Yes, prefer to use it. It is much more precise.

  • AmazingLarry

    Isn’t AAPL just caught in supply limbo between $500 and $555 volume holes right now until earnings in a few weeks? Much better set-ups out there, no? 

    Copper is looking sweet. Thanks Mole. 

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨ 
    ¨°º¤  S H A K E   N ¤º°¨ 
    ¸„ø¤º° B A K E !“°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • http://evilspeculator.com molecool
  • itslance

    Well, I don’t know about the volume hole, but yeah, there were much better trades I could have been in today.





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