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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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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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September 29, 2015

Bottom Feeding

Equities dropped lower overnight, once more making my point that throwing money at premature contrarian positions is tantamount to gambling –  sans the sun and pretty girls serving you drinks with little umbrellas.

So next time you’re ‘feeling lucky’ and your fingers are itching then do yourself a favor and instead charter a flight to Vegas. At least there losing money can be entertaining and if you play your carts right then other ‘perks’ are available to you – ahem.

That said I may be testing my luck by grabbing a small long position after a little bounce higher. Technically speaking this tape looks bearish as [...]

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September 15, 2015

Coiled Up To The Max

As you are probably already aware – the Federal Open Market Committee begins a two-day meeting on Wednesday and will deliberate the first interest rate increase in nearly a decade. Analysts seem to be split over the outcome however I would be rather surprised if the Fed decides to hike. Yes, there has been a lot of pertinent jaw boning since late last year. But behind all the spouted rhetoric hides very tangible fear about the shock waves a hike may cause. For one the Dollar would most likely punch massively higher – affording the mighty Mole an even more lavish and immoral lifestyle over here in poverty stricken Spain. Expect me to buy up massive amounts of property and [...]

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11654TOKYO - AUGUST 17:  People sit behind ice blocks at Icebar Tokyo on August 17, 2009 in Tokyo, Japan. The entrance fee of 3500 Yen with one drink and customers can borrow a coat upon entry. Everything in the bar including the counter, the wall, table, glasses, chairs are made from blocks of ice cut from Sweden's Torne river.  (Photo by Junko Kimura/Getty Images)
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