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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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November 25, 2015

Happy Thanksgiving

Apparently the Thanksgiving correction I anticipated quickly devolved into an obligatory shake out followed by a bounce. Obviously you won’t hear me complain as I’m still holding my long positions since ES 2013.75. Given that participation is bound to dry up quickly after lunch today I suggest you limit your exposure and instead attend to planning your respective holiday weekends.

After seven consecutive years of meager holiday dinners for the few surviving bears I wonder how long the current stew of QE madness is going to keep us treading in place. Most likely we will finish this year near where we started it. Last December we closed the yearly candle at [...]

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November 9, 2015

Come To Daddy

We are now counting six consecutive higher highs on the weekly panel and although that is not a reason to dip into short positions I am starting to enjoy seeing the odds swinging back to the selling side. At least on a short term basis we are heading into a correction sometime this month. Timing our entries will be what separates the steel rats from the field mice.

As of right now I’m seeing a juicy short opportunity on a little pop towards ~2091. If stopped out and Zero permitting I will long 1/2R after that and add 1/2R if we breach 2100.

Before we get to the setups here’s a USD/JPY Update. You may have grabbed some longs there with me last [...]

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November 3, 2015

Curb Your Enthusiasm

We’ve come quite a long way since the grizzles were ordering party hats and truck loads of Cristal in celebration of the impending August doom & gloom slide into the abyss. Since those lows we have regained some 270 juicy S&P handles and it looks like we’re ready to transition into the annual X-Mas bear hunting season. However, it’s my duty as the crusty bubble bursting host of this digital domain of trading doom to once again caution you to curb your damn enthusiasm.

Why you ask? For if we complete this week in the plus once again then I count six consecutive higher highs. And that means that probabilities start to lean toward a much [...]

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