Wednesday 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.

Let’s kick things off with a shameless plug: I thought some of you non-subscribers would appreciate a snapshot of the action in the Zero indicator over the past two sessions. The Mole signals (on the right Zero Lite panel) have been calling the swings rather nicely, which is precisely the reason why I’m working on a pertinent black box system right now. If you are interested in taking the Zero out for a spin then click here to sign up for a free one-week trial.

Spoos at the 25-hour and that’s a good spot to be long with a stop below. If taken out then the 100-hour below ought to provide assistance near 1498 (by the time price gets there). Yes, I would flip for a short if stopped out and my target would be the 100-hour.

Silver has been sliding down the 100-hour since yesterday afternoon which is now meeting the 25-hour as I’m writing this. GREAT spot to get positioned as price will have to either push higher or fail one of them. I would be short on a breach of the 25-hour to the upside and a failure of the 100-hour to the downside.

More goodies below for my fearless subs:

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 Wednesday, January 30th, 2013 at 8:26 am. Both comments and pings are currently closed.


  • AmazingLarry

    Mole – I’d like to try Zero. Where do I send my email?

    Oh, and Dr Copper is very happy this morning. 

  • ridingwaves

    Negative gdp…silver flying now…zirp forever is new fed mantra….still good for dow 14k :)

  • http://evilspeculator.com molecool

    admin@ I’ll need you to pick a username and password (email that to me), unless you already have a login.

  • bdoone

    I don’t watch it but just read this: ‘the venerable DOW is also close enough to an all-time high that CNBC has even started a countdown window’. Let the sheeple rejoice!

  • Y KW

    I always smile when I hear about ‘mean reversion’ … in my book, far beyond from just being a mute point, the mean ‘catches up’ to the price …  does this matter?  Not for me to judge!  Insightful nonetheless!

  • ridingwaves

    Data trace 30% of total stock-market gain since December 2008 to Fed days

  • Skynard

    Hehehe, and VIX as well:)

  • ridingwaves

    KERX up another 15% today…Since the 4.70 mention the other day..double..movement into bio sector underway..

  • ridingwaves

    take a look at ANX on level 2 with bot running bids..still has room to move a lot higher…but that algo bot is keeping bids low by running a counter…

  • BobbyLow

    AUD and CHF appear to be Downward Directional Energizer Bunnies against the EUR and USD respectively.   :)

  • BobbyLow

    Looks like another build in Crude here in the US.  This week’s build was almost twice as much as last week’s build.  There has been a build almost every week for weeks while they refine less.  What a game when Supply and Demand can be controlled.   :)

    Oil is currently flat which goes to show that nothing matters when price wants to move in a certain direction.  

    http://www.bloomberg.com/markets/economic-calendar/

  • Skynard

    Nice!

  • Skynard

    Here we go again, rinse and repeat. Minor sell off and ramp.

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

    Sniffffff, ah.
    How I love the smell of fibfan in the morning.
    [gold futures]
    http://s2.postimage.org/ee3c4l6w9/temp1.png

  • Pervergence

    Flipped my gold to l  yesterday…….nice to see big green candles this morning

  • Pervergence

    How big IS the FED balance sheet now???

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

    No Volume FED-day shenanigans: It took 34mins and @95K E-minis to move from 1502.75 to 1499.75…then 10mins and 22K to get back to 1502.75.

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

     Do you know that if Fed keeps bonds on balance sheet till maturity, and just cancel them, that balance sheet will shrink. In this scenario they don’t have to care what happens to interest rates in the coming years.
    It’s nice to be the Bank, yea

  • BobbyLow

    Gee I wonder what the Fed will say?  Probably something like “The Economy is growing albeit at a slow pace”,  ”We see the need for extremely Low Interest Rates and Bond Purchases until 2017″, bla bla bla, bla bla bla.   

    But regardless of what Ben says, me thinks the overall market  activity recently is due to the perceived unlimited devaluation of the Yen.  Then take a look at the CHF vs. USD and CHF vs. JPY and Boom!

    Nothing new under the “Sun” here (excuse the pun) but it’s still amazing how all this stuff is connected behind the scene.  

  • http://evilspeculator.com molecool

    Scary…

  • AmazingLarry

    Tell your friends it’s over $3,000,000 million as to confuse and not frighten. ;-)

  • Skynard

    Went long /DX, allot of blood. Time to tighten the stops for FOMC.

  • 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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