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.

There must be something about that new moon as it’s literally pouring exciting setups this morning. Let’s start with the spoos which is now facing a trifecta of resistance – there’s a pretty pronounced diagonal, its 25-hour SMA, plus an hourly NLBL. Absolutely fantastic spot to get positioned and I’m short until that NLBL at 1513.75 gives way.

Also a neat diagonal plus a SMA duo on the AUD/CAD. Use it!

The 10-year is coiling up and I think it’s going to do blast off in a matter of hours. The trigger lines are on the treasure map for your convenience so keep an eye on that.

This was only a small sub sample – please join me in the lair:

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.

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Cheers,

This entry was posted on Tuesday, February 12th, 2013 at 7:52 am. Both comments and pings are currently closed.



  • http://evilspeculator.com molecool

    I certainly earned my keep this morning ;-)

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

    http://www.forexfactory.com/calendar.php
    CAD & EUR items around open.

  • http://evilspeculator.com molecool

    Well, both are certainly lined up.

  • Schwerepunkt

    I don’t get how one man can run CAD and GBP at the same time. Really, is he superman?

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

    no, but I can see his motivation
    cue superhero image:(let’s see if this passes the editors)http://www.tshirtwatch.com/blog/wp-content/uploads/2006/07/lucy-pinder-superman-shirt.jpg

  • http://evilspeculator.com molecool

    Gerb – can we keep this stuff out of the blog? I don’t want noobs to come here and think this is like the Slope. 

  • http://www.facebook.com/profile.php?id=100001131611045 Exar Kun

    Any dudes figure what’s up? The major pairs dropped like 100+ pips in a minute?… while I was watching a movie… damn… cleared off my shorts too early!

  • BobbyLow

    I have no idea but it was one vicious stop run on the JPY.  

  • http://evilspeculator.com molecool

    All the Yen pairs went loco there for a few minutes.

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

    SCTY at all-time high
    TSLA  is holding pretty good, after that BS story
    Rumors of SpaceX going public
    Don’t fuck with Elon Musk
    He-He

  • Skynard

    Hehe, shorted that spike /ES

  • http://www.facebook.com/profile.php?id=100001131611045 Exar Kun

    Oh well, lol… just went long a runner and stole a hundred bucks in under 1/2 a min. Call that a sneaky cheap thrill. Usd/Jap might make 5 monthly green candles in a row if this mth sticks around the same price or higher. Looks like the next target is going to be 101.4 after (if) it clears 94.6. Tough love.

  • http://www.facebook.com/profile.php?id=100001131611045 Exar Kun

    Quite a daring move to short a 13-day channel consolidation at the tip.

  • Skynard

    Whole lota shaking going on:)

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

    I thought 6pm last night was just glitch in the Matrix.
    http://s8.postimage.org/tq8mtw8g5/glitch.pngoff to work.

  • Skynard

    2 pt stop above, See what happens. Good action right now:)

  • Curiousmind3861

    guess someone knew that is coming…lots of volatility in FX today

  • Rightside_ot_trade

    Took SI and had the Aud/jpy :)
    Looking for ES if it breaches the TL

  • Pervergence

    s 6J

  • Pervergence

    s GC on tepid performance on dollar drop

  • Pervergence

    added to 6j s

  • Skynard

    /SB just back tested and back in bussines for short squeeze action now.

  • bdoone

    Worth noting: COMP 2012 peak: 3,196.93. Last week’s high: 3,196.89.  Today’s high: 3196.92…SPY volume at 12:15pm: only 29.6M

  • Ronebadger

    so noted… watching and waiting…

  • http://evilspeculator.com molecool

    chop chop chop but she’s moving up

  • Pervergence

    6J coming through again……s 6J and GC

  • BobbyLow

    It wasn’t that long ago when the Average Daily Spy Volume was 200 to 250 Million per day.  

    I guess 133 Million is the new 250 Million and the new number appears to be getting progressively lower and lower.  

    I believe you commented on yesterday’s low volume which was 74 Million.  This kind of number used to occur only during the Christmas Holidays.  

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

    Marc Faber  is being usual himself on Yahoo/finance and makes a headline:
           “Either the market is going to correct more meaningfully now or we have a
    shallow correction and a continuously rising market until July or
    August,” Faber told me via phone from Thailand. If stocks don’t pullback
    soon, he says we risk a repeat of 1987 when stocks rallied 40% into
    summer only to collapse 41% in 2 months.
    I remember him expecting 20% correction ever since last year.
    Guru-shmuru

  • Skynard

    Wow, dipped toe on the last signal.

  • Skynard

    Have a look at /OJ, up over 5%. Geez! Must of got that freeze in FL recently:)

  • AmazingLarry

    Boing! On your way, nothing to see here. 

  • Rightside_ot_trade

    £ turning into a daily reversal
    On a possible Fakeout below that two week flat range
    Back above hourly 25

  • 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„¸

  • http://evilspeculator.com molecool

    Yeah, now I have heard pretty any variation on the theme. Fact is those fuckers no nothing and they should keep their mouth shut and just trade the friggin’ tape. Pikers – all of them. Why are these cats getting airtime when I trade circles around them?

  • bdoone

    Yes, if ave is 133M with slower days around 100M being the new norm, then these past 2 days stick out rather glaringly. 2hrs left and we’re at 40.7M.





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