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Knocking On Heaven’s Door (Again)
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Knocking On Heaven’s Door (Again)

Knocking On Heaven’s Door (Again)

by The MoleSeptember 18, 2014

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.

2014-09-18_spoos_hourly_briefing

The spoos are back from whence they came a bit over a week ago – the upper 100-hour BB line beckons and the bulls are happy to oblige. The BB is still expanding and if momentum can be maintained than a break above the 2010 mark may be in the cards before the Friday close. However, be warned – we are back in whipsaw territory – the smart play right here and right now is to be short with a stop above about 2007. Little risk for potential easy gain – if stopped out flip for long positions, unless it happens late Friday at which time we may be a bit late to enjoy a ride higher (you don’t want to sit on open futures positions over the weekend).

2014-09-18_silver_briefing

Not much going on this morning – we have a potential short here on silver. Frankly I’m not too excited about it but am playing it with 1/4 R just for the record. Stop above the SMA.

One more goodie below the fold – 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,

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About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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