It Keeps Going And Going And….

The Energizer bunny continues its merciless march higher and we just may scrape the 2100 mark before they call it a year. Yes, my account is blinking bright green but that’s only half the fun. What really gives me the most joy is to watch all those talking heads picking tops over and over again only to get squeezed into oblivion. If you’re a bonafide masochist then do yourself a favor and continue to the take the other side of my trades.

Better luck next time cupcake. What was that old saying again…. oh yes – never step in front of a speeding freight train. That and to let your damn winners run without you mocking it up due to some fancy chart you fell in love with!

2014-11-21_ES_briefing

Talking of which I’ve got my sights on the 14R mark now – officially this has become the highest earning single campaign of this year now, even outdoing the huge Dollar run we enjoyed a few weeks back. I guess I should stop posting this chart by now as you guys are probably ready to ride me out of town on a rail ;-)


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

Cheers,

Strike The Iron While It’s Hot

The thundering silence in the comment section tells me one thing: The vast majority of you guys missed out on this beauty of a short squeeze. Not that I’m surprised and I’m not here to rub in it. But I am here to make sure you won’t forget or tell yourself that nobody could have seen this one coming. My message stands as it has over and over in the past few years:

Ignore the noise – fade the hype - forget the news. Just show up to work when it’s time to strike the iron. You don’t have to be smart, white, black, tall, beautiful, muscular, flexible, or particularly charming (but it helps). All you need to do is to press the damn button when it’s blinking. And guess what, early morning on October 20th it was flashing like a strobe light at the Pacha.

2014-10-28_entry

That was then.

2014-10-28_ES_update

And this is now.

Trading is not an endeavor for thrill seekers. It’s what everyone wants you to think of course – the exciting life of the hot shot market mangler. This is what they’re selling you:

wows

And this is the reality:

bingo

Alright, it’s a bit more exciting than that but not by much. All you have to do is to show up for work when I tell you the getting is good. And perhaps – juuuust perhaps – next time you’ll listen?

2014-10-28_2205

Yes, tomorrow is FOMC day and who knows what’ll happen. I don’t get those phone calls. Do I worry about it? Nope – I banked my coin already and my stop is set at a respectable distance. Could. Not. Care. Less. And that’s how I roll – the easy way. If you want excitement, conspiracy theories, and your daily dose of drama point your browser to ZeroEdge. You’ll get that and a heaping serving of inane commentary.

You think this market is boring? I tell you what is boring. Handing out $100 bills on street corners and for some reason nobody wants them. Gets old quick. You guys should be working your asses off. But who am I – just a lowly market mole. What do I know? Not much, but hey – apparently it’s working.

FWIW – this campaign is just getting warmed up – if I have my way I’ll ride this bronco into the New Year. That’s right – this year the Mole is eating turkey for X-Mas!

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don’t waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Cheers,

Time For A Breather

I see a lot of guesswork in the comment section and it’s time to take you guys out of your misery. Many of you are feeling bullish right now and after last week’s drop the odds for a bounce here are good but not guaranteed – we are literally sitting on the edge of a sell off. Which is often where some of the best setups happen – but we have to remain nimble and not jump to conclusions. So let’s try to shed a bit more light on what’s going on:

2014-10-13_SPX_daily

Exhibit number one – the BB configuration on the daily chart supports at least an obligatory bounce here. Because if we drop further from here we are not stopping until 1800 or lower – so the bulls have a vested interest in holding this level. Not saying it can’t happen but we’re talking odds here – a bounce would relive some of the oversold conditions and perhaps prepare us for a stab lower.

2014-10-13_zero

The Zero shows us almost non-existing participation down here. You can interpret that as a lack of buying pressure – yes – but what’s more important on the way down is whether or not there is selling pressure and I see none here.

2014-10-13_UVOL

See what I mean? Complete flat line – the bears aren’t interested down here and this gives the bulls a chance to catch a breath and wait for further instructions.

2014-10-13_VIX

On the VIX we’re also pretty extended – I don’t think we proceed directly to 25 or 30 from here. We haven’t seen volatility like that all year and there will be pushback.
More crucial evidence looming below the fold – please step into my lair:


More charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don't waste time and sign up here. And if you are a Zero subscriber you get free access to all Gold posts, which gives you double the bang for your buck!

Please login or subscribe here to see the remainder of this post.

Cheers,




    Zero Indicator


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