Over the past few months a potent emotional cocktail of fear and confusion has been seeping into the consciousness of market participants. It’s not just that equities are steadily heading lower whilst producing more and more bearish context above to be overcome sometime in the future. What’s worse is that there appear to be very few places remaining to sit out the storm. The exception of course being the two usual suspects – bonds and gold.
I’ve said it before and I’ll say it again. When in doubt always choose the scenario that screws with the maximum amount of market participants. Mrs. Market may be evil down to the core of her raven black heart but at least she’s consistent. So Soylent Orange it is apparently, now let’s see what we’ve got to work with here.
The drop in equities yesterday should have cleaned out the majority of the longs. Quite frankly Soylent Red is still on the table and I’d give it about 30% at this point. Although I doubt I’ll catch this entry I would be long near 1867, so perhaps I get my fill after the bell.
The EUR/USD is [...]
Welcome back to Evil Speculator! As you can tell the place has undergone a bit of an overhaul over the past two weeks. Unfortunately I am only about half way done as we’re still missing quite a few links and some page content which I’ll have to fill in over the coming days. The process of beating our new site theme into submission took me longer than anticipated. I usually expect delays but I was forced to burn many frustrating hours figuring out various problems on my own as tech support staff was still on holiday. In addition I had underestimated how much legwork would be required to update older posts to fit the new format. Anyway, we’re getting there but I ask [...]
Forgive me if I’m not going to be posting a laundry list of setups today as I’m elbow deep in reorganizing/redesigning the entire site. Yes, it’s a mess and for more details please read last night’s post which explains what’s going on and what to expect in the new year. But in a nutshell – if you think Evil Speculator was cool now then think again. I’m going to work hard and kick things into fifth gear during our Christmas holidays, so be prepared to hit the ground running in early 2016.
As the saying goes – no rest for the wicked! There is always time for another evil market scheme and I’ve concocted a veritable [...]