Tuesday 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.

Overnight the E-Mini managed to sneak back up above its 100-hour SMA. So far so good and I’m currently long with a stop below the current candle’s low (~1498).

EUR/CAD testing both its 25-hour and an hourly NLSL. I mostly interested in a bounce here – if it happens and it manages to climb above that NLSL I’ll be long.

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) or Zero Pimp-A-Thon to view this content.

Cheers,

This entry was posted on Tuesday, February 5th, 2013 at 9:11 am. Both comments and pings are currently closed.



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

    Was it VIX buy signal step 1 yesterday?
    (I don’t know what is in member section, if its there – then never mind)

  • Joe_Jones

    yes

  • Joe_Jones

    Bucky at short-term resistance on the daily and 60 min charts

  • Joe_Jones

    Closing long ES position, and going in short now

  • tradingmom

    Short entry approaches :-)

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

     Hey,
    how is your kid?

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

    well well.  it’s tradingmom!
    how’s the kiddie?

  • tradingmom

    Full recovery — thank goodness!  Thanks for asking.  I would never have believed it, but after months and  months of physical therapy, no one would ever know he had an accident at all.  And to think, I really thought they might have to amputate his arm.  Now he just has to worry about learning to tie his shoes :-)

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

    excellent!  now you can focus on those evil trades.
    ya’need that college fund ya’know?

  • tradingmom

    Seriously…There are three of those pesky kids, and the oldest one is in 5th  grade.  She’ll be off to college before I know it…she already has a teenage attitude!

  • Skynard

    Wants to test the high it seems, will be shorting this ramp:)

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

    what is up with gold? (futures 10min)
    rag doll in mean dogs mouth.

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

     Great !
    Don’t you love happy endings?
    With orchestra music and in Technicolor…

  • Pervergence

    short gold at 25hr sma breach

  • Rightside_ot_trade

    Ha! Perfect description. I had fib fans on the daily just above at about /Gc 1692
    Looking now like a Fakeout above that TL mole mentioned Friday. No position until a longer term setup

  • Ronebadger

    Yeah Mom!

  • Skynard

    Full short /ES, tight stop. Short cover rally:)

  • Pervergence

    WTF is going on with bucky……

  • bdoone

    Yesterdays sell-off had ZL/Mole showing lots of movement yet todays gap-n-go shows flatline since initial pop.  Is this a sign of non-participation?  But be skeptical until ZL/Mole goes neg?

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

     Based on my Nazdaq A/D indicator:
    Today is just as strong morning up, as yesterday was down.
    Chop-chop
    Here at 1505ES is bears last stand,
    IM(very)HO

  • Pervergence

    still s GC

  • Pervergence

    Anybody caught the nice Yen trend down???

  • Joe_Jones

    Come on Zero, show us the way ;-)

  • bdoone

    Bears would like to paint a lower high…

  • bdoone

    Is it ‘normal’ for ZL to be complete flatline for +1hrs?

  • Skynard

    Shake out before the next move, long /DX again

  • Joe_Jones

    It can be like that the whole day. When it is flat there is a good reason to be suspicious of the day trend

  • Joe_Jones

    I am betting on a H&S on SPX hourly chart

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

    Im looking at that 1491-93 ES area. Cannot believe support tested so many times and not broken. Imagine how many stops are below…yam

  • bullregard
  • Skynard

    Lunch is over:)

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

    if you’re running the zero today, could you comment when there’s something to watch?

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

    Wow, BIDU really took it on the chin today.

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

    the bearish P&F target is 76, but i show a blue support line at 94.

  • Pervergence

    still short GC

  • AmazingLarry

    Shizzam. What do you make of the volume on the ZB and ZN lately, esp last Friday? Seems like a cage rattling event to check and see if anyone still wants to play. 

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

    last Friday was month begin, so I give it little notice.

  • Skynard

    /NG did not make 3.4, now I’m short. What a roller coaster:)

  • AmazingLarry

    Really? Highest daily vol on the 10-yr contract since the world was ending (again) in Aug, 2011. 

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

    well, I didn’t know that! – quick! call Bill Gross

    (shamelessly stolen)
    One day of volume can’t be viewed in a vacuum. Volume analysis is most useful when compared to previous sessions. Some like to say volume is simply a reflection of supply and demand. A high volume day simply reflects more demand in the marketplace. But, overall, traders and analysts note that volume should be used as a confirming indicator. Most still agree that price remains the most important factor to consider while trading. Volume may offer up warning signals, red flags or generate trading ideas. But, use it as a supplementary tool. If you’ve haven’t incorporated volume readings or analysis into your trading, it may be worth exploring.

  • 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„¸





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