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Better Not Fighting This…
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Better Not Fighting This…

Better Not Fighting This…

by The MoleDecember 18, 2014

Massive jump off the lows. I expected a little courtesy shake out this morning but the bots had other plans and immediately boarded the express elevator to the upside. Loving this tape although my damn lottery tickets got shaken out right near the lows. Hey you can’t win ’em all – but you can try.

north_korean_hackers

So word has it North Korea hacked their way into Sony Pictures in response to a planned release of the tongue-in-cheek comedy ‘The Interview’. Guess shit just got real for James Franco.

So let me be the first to extend my sincere thanks to Kim Jong-un for sparing us yet another James Franco movie. Also, the whole situation gave me a great idea. Why waste your time hacking movie studios – that’s so 20th century. Instead turn those hackers into stone cold stone stock traders and sell the hell out of Sony stock! Much more effective long term – oh, and legal. (Kim Jong-un – call me!!)

2014-12-18_ES_update

Alright so here’s where we’re at. The spoos sliced through that first NLBL like hot butter. The next one at 2049.5 is where the rubber really meets the road. As you can see we’re right at the 25-day SMA and if we closed above it then I think 2050 is most likely in the cards. I really hope nobody is still short equities – jumps like these may find post corrections but usually (i.e. 80% of the time +) resolve higher in the weeks that follow.

See, Boosie’s got you covered.

2014-12-18_corn_setup

Now on to the setups – we have good stuff here tonight. Corn is looking good and I tweeted about it earlier today – did I really just say tweeted – we are all doomed. Anyway, nice price action suggesting that we either fail right here or there’ll be a jump and massive stop run higher. I’m short right now but am hoping for an opportunity to hop on the long bus.

My favorite setup today however is the CAD/CHF – super dreamy:

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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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