I’m having way too much fun this morning, which accounts for my somewhat belated post. There literally seem to be juicy setups crawling out of the woodwork and I just kept adding new ones while reducing exposure on others in order to reduce correlation risk. So without further ado let’s jump right in:
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 [...]
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 [...]
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 [...]