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November 4, 2015

Coffee Is For Closers

Equities are firing on all six cylinders and overnight we’ve held the line near the magic ES 2100 mark. Given the momentum over the past few days (consistent and small) this suggests that institutional traders are milking this short squeeze for all it’s worth.

This is the S&P cash has us only ~10 handles away from our all time highs at 2134.71. There is no telling whether or not we breach it this week, but if we do then I’ll be keeping my eyes peeled for weakness starting the next.

On the volatility front we’re just about to head into more turbulent waters. As you can see we are now back in the lower range after a low [...]

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October 21, 2015

Busy Busy Wednesday

There’s nothing new to be said about the equities side so I will simply refrain. However that doesn’t mean we’re sitting idle as we’ve got movement across producing many juicy setups in the process. Let’s take it from the top:

First a quick update on the AUD/NZD campaign which now has progressed sufficiently to warrant moving our stop to the break even point.

USD/JPY at a very interesting spot. Look how it’s kissing those daily Net-Lines which also demarcate a falling diagonal resistance line. I’m feeling lucky today so I grabbed some longs based on those rising hourly Bollingers. IF (and only if) this turns into [...]

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August 14, 2015

Heavy Metal Friday

The Eurogroup meeting is starting in a few minutes and I hope that it won’t blow too many of my setups out of the water. I’m already seeing a lot of talk of why Draghi may jawbone the Euro down, which is why I’m glad that I made several runs to the ATM over the past few days (meaning a short squeeze may be coming).

Anyway it looks like it’s going to be a heavy metal Friday folks! Gold is back down for a bit of mean reversion and I’m liking it long here.

Similarly silver may be a long here – I’m taking out a teeny weeny position with a stop below 15.250.

So yes, the Euro may drop lower today but in [...]

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August 3, 2015

Monday Morning Briefing

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.

I have literally labored all through the weekend and am completely exhausted. So this is going to be a quick one as I need to hit the gym and engage in some stress absorbing activities. The spoos are looking like a nice long here – stop below the now rising 100-hour SMa. Below it I would not consider a short with a stop around 2087 (i.e. the 100-day [...]

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