Back From Whence We Came

Smashing entry opportunity in equities this morning as we’re back to whence we came before last week’s NFP disaster. I’ve got to say, that shake out was executed with quite a bit of finesse and as usual our very own Zero indicator provided us with important clues that bear trap #7641 was in the works:

That’s pretty much textbook – observe how that massive sell off in the hour after the report was accompanied by a flat signal and the sound of crickets chirping. All you had to do was to wait for a spike low (i.e. price confirmation) and then pile it a handful of long positions. If you missed this entry opportunity then you’re either blind or not a Zero sub. I can’t help you with the former unfortunately but would be happy to welcome you as a new subscriber.

Alright, that was last week – what do you have for me today, Mr. Mole? Happy to oblige as we’ve got a pretty nice break out pattern developing on the hourly panel. I’m long here with a stop below 2096. If we revisit that one and breach below then we’re looking at more painful sideways correction or worse. FYI – note that we’re pinned just below the 2100.75 NLBL on the daily panel. That one breaches and the bears are toast.

Corn is about to pop here. I actually posted this last week for my intrepid subs who hopefully dipped into some long positions ahead of the current move higher. But it’s not too late yet IMO – the daily panel shows us a BB pinched to the max and momentum seems to be elevating all of the softs right now. If you grab a long position here put your stop below 412 which is below the 100-hour SMA. It’s there where I myself would try again but for now I’m sitting well positioned.

We have a juicy setup over in bonds this morning – please meet me in the lair:

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