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February 5, 2016

Hanging By A Thread

We are literally hanging by a thread here as the bulls have been able to defend the last hurdle separating the winter of tears from the spring the bears. The 1900 mark may look innocuous enough but if we close below it today then the odds of more downside momentum next increase by a large margin.

I’m sensing quite a bit of exhaustion in the comment section and I can’t really blame you guys. Not only did we have to suffer through almost an entire year of sideways churn, but now that things are more directional we still have to put up with an increasing amount of intra-day volatility. Well, better get used to it, because conditions like these is going to be [...]

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January 21, 2016

Setups!

We’ve got a nice selection of setups this morning but let’s catch up with equities first. There was follow through overnight but as emotions are running high and bear avatars are in short supply we’re now descending lower once more. Very productive actually as we just may be building an intermediate base here.

The short term panel is now suggesting resistance near ES 1890 which just so happens to line up perfectly with a brand spanking new NLBL on the daily. So if we drop a bit lower today and the Zero is favoring a drive higher then that would be my target range. However if we run today then 1890ish is where I would start looking for a possible [...]

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December 9, 2015

Skipping The Treadmill Today

I think I’ll skip the treadmill today…

Speaking of which, the tape continues to turn in circles across the board and it certainly doesn’t help matters that index futures are rolling into 2016 today. So I will be keeping my suicidal tendencies in check by not getting sucked into any silly traps, especially on the equities side. If you must participate watch the Zero closely as I expect it to be a memorable session. Hey, I said memorable – not fun.

Not much happening on the setup front unfortunately and I was only able to hunt down one promising candidate, which I’ll need to reserve for my intrepid subs. If you are a leech [...]

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November 30, 2015

Welcome Back!

I hope you enjoyed a few days off – I certainly did and although I would love to boast that I spent my time productively I mostly wound up catching up with a few shows and training with my guys. Even Mole the machine needs to recharge his batteries every once in a while. However there’s only so much idle time I can tolerate and I intend to hit the ground running here as we are now heading into one of the most exciting periods of the year. So snap out of your tryptophan induced slumbers and let’s get to work!

On the equities side we are holding strong and you should move your stop below the 25-day SMA around 2077. We are now facing medium term overhead [...]

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