Okay, so let’s get this out of the way once and for all. I can totally understand if you don’t care that much about American Football and may just have better things to do than spend your weekends watching 22 guys in helmets and spandex have at each other. But if the annual Super Bowl doesn’t make your heart jump at least a little then you may as well just buy yourself a ticket to 1980 Soviet Russia and stay there. Alternatively just move your ass to Berkeley.
Now here’s the inside track about what really happened yesterday during the first half of the Super Bowl – you heard it here first: As Tom Brady is now approaching NFL methuselah status at the ripe age of 39 years Bill Belichick was getting a bit antsy last year. After all a lot of money is on the line for the franchise. So shortly after the last season Bill convinced Gisele to secretly collect some of Tom’s precious man-juice which then was quickly dispensed to a loosely regulated Chinese biolab with flexible ethical standards. Their science nerds promptly went to work and within a few months succeeded in growing a perfect Clone Brady ready for action. A few more months were spent training it via some spinning virtual reality contraption like the one you may remember from Lawnmower man. The clone was even placed in Gisele’s bedroom one night and she never knew the difference.
And that’s in fact is the miserable creature you saw hobbling across the field in the first half of yesterday’s game. Of course we all know that not even 21st century Chinese science is capable of producing anything at the level of a real American built and bred Tom Brady. What they had delivered instead was a cheap knock off which spent most of the first half scratching his balls and drooling all over his face mask. Now Belichick watched the unfolding train wreck in horror and then used the halftime break to lure Clone Brady into the locker room and then managed to drown it in a toilet bowl. He then rushed to revive the real Tom who he had put in cryogenic stasis a few days ago and quickly briefed him on the situation. Tom was understandingly upset about the whole thing and still a bit drowsy from the procedure. But after Bill promised him to have a few more Giseles cloned he happily agreed to finish the second half of the game. And the rest of course is now football history.
In somewhat related news we have just now received live footage from Mark Wahlberg who had attended the game but for dubious reasons didn’t stick around to see his favorite team’s spectacular comeback. Ouch…
On the trading front we’re actually not doing so shabby either as things are looking increasingly green this Monday and some time needs to be spent on advancing our positions. Let’s start with the E-Mini campaign – it is starting to looking solid and your stop can now be advanced to 2277.
Gold is off the races – what a perfect entry we got there! Advance your stop to break/even and let’s see if she can close above that 100-day SMA near 1230.
Crude unfortunately has not moved much but I think the entry is still solid if you want it. For everyone else leave your ISL intact as shown on the chart.
Bonds are rocketing higher as well – here you can move your stop to break/even or even a few ticks above it. I would however suggest you keep it below 150’16 just to be on the safe side.
Soybeans is the one that got away – I was waiting for a drop to 1025 and we only touched 1027. Bugger! But that’s how it goes – you can’t get them all, but you can try!
XOP – say no more! It’s rocking and rolling as planned. Perfect execution there near that spike low on the daily. It’s facing some weekly resistance si let’s see how it plays out. Again you can advance your stop to near break/even.
EUR/USD is the one that crashed and burned – so not that you think we never post the losers. I found it rather compelling where it failed however and that put quite a damper on what looked like a trend candidate. I think there is a case to be made for another long entry but not before it touches 1.066.
Cable is on the watch list for a long setup but I need to first see a floor pattern on the short term panel. Will keep you updated on this one.
AUD/USD also on our watch list – I would very much like to see some sort of spike low or retest of 0.763 where we’ve got the 100-hour SMA. Obviously this beast is trending and that would be a great opportunity to get on the bus.