Back To Work Bitches!

I can literally see your collective long faces as you’re dragging your worker bee butts back to the dreaded office or wherever you wound up trading time for Dollars. While you were following your trivial leisure time pursuits the Mole of course was being productive. What I’m hatching up on I cannot tell you (yet) but if it pans out as planned it’ll be rather mind boggling. Stay tuned.

Judging by the event schedule it’s going to be another fun filled week – with the exception of tomorrow.

Here’s the hourly SPX cash – or at least where it left off on Friday. As you can see the trend is getting a bit long in the tooth and either we’re dropping into a correction here or we’ll blow the bears out of the water. But what’s pretty certain here is that we’ll be seeing movement this week.

Ditto on the futures side – I’ve zoomed out a little to give you a better perspective of where we are. The 100-hour Bollinger is contracting and although it’s not at an extreme it’s reasonable to expect a jump in volatility.

FWIW – my NQ and DX position are still in play and have at this point produced a mind boggling amount of profits – one of the campaigns of the year for sure. I am trailing as explained last week and am enjoying the fruit of NOT OVER THINKING A RUNNING POSITION. You know who you are 😉

Alright, we’ll be having a bit of fun on the commodities side this morning – please step into my lair:

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You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.

Cheers,