Thursday 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.
Excellent setups this morning. The E-Mini is now below both its 100-hour and 25-hour SMA. After some sideways gyrations overnight the latter is now approaching rapidly while an hourly NLBL looms above. Very interesting configuration and I would be long on a breach of resistance – until then I’ll be short.
The greenback is bumping its head against its 25-hour plus there’s a NLBL in the way which thus far has been holding up nicely. I’m also short here right now with a stop above the NLBL – willing to flip if she breaches both.
Bonds – here’s the 30-year which is heading into its 100-hour. Great inflection point and setup but not as nice as the one on the ZN which has better context (see below)…
I have quite a few more goodies this morning – please step into my lair:
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This entry was posted on Thursday, January 31st, 2013 at 8:47 am. Both comments and pings are currently closed.