Spot On

You guys have to give me a tiny bit of credit today – after slaving away 20 hours plus last weekend and barely being awake I somehow managed to pick the lows of the day in the morning. Alright, technically I was off by 1/2 handle – I hope you accept my apologies then:

2014-09-29_spoos_update

It’s all in the wrist folks – and a bit of dark magic of course. The bad news however is that the bulls may not be out of the woodworks here just yet. A rather aggressive bounce this morning but that may be just EOM painting – recall that tomorrow is September’s last trading session. Oy vey – I can already here the Christmas commercials – the horror! Yes, that’s right – you’re getting old.

I would not wager making any conclusive call down here – we’ve held some reasonable support and if you bought there then by all means hold your positions for now. But unless we close positive or almost positive today this may lead lower on Wednesday.

2014-09-29_Zero

The chart of the day for me is the Zero – excellent Mole signals and if I wasn’t so damn tired I’d put up a video. But I’m pretty sure most of you guys would prefer me finishing Thor, right? Which after a Sunday snag has since progressed very nicely and I should be able to put up an early alpha sometime tomorrow. Cross your fingers.

UPDATE 4:30pm EDT - see above the updated chart.

2014-09-29_USDTRY_update

Our USD/TRY campaign is nearing its end as I banked 50% profits at the 4R mark – if it wasn’t trending so massively I would have closed it out altogether. But I’ve had an excellent month and that permits me a bit of discretion. However when I say discretion it means putting a stop below the 3R mark – so I’m not exactly playing dare devil. This was an awesome campaign and sadly I don’t think that many of you guys tagged along – at least judging by what I’m seeing in the comment section.

2014-09-29_EURUSD_LT

Since it’s the EOM I’m planning to do a long term update tomorrow – I think given where we are waiting another session is probably wise. On the Forex side the USD and the EUR are heading into respective inflection points – I wanted to post the EUR/USD early as it’s going on ‘bounce watch’ now. The weekly and monthly will put up some support here and odds are that the easy ride is over the Euro bears. It’s been a fun quarter for this expat as I’ve seen the EUR/USD go from almost 1.4 to nearly 1.27. That’s 13 cents I’m saving per Euro spent – quite significant and I’m able to afford an extra slice of bacon per week.

Two more setups below for my intrepid subs – please join me in the lair:


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That’s it for today – see you guys tomorrow!

Cheers,

Do Not Touch!

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.

The spoos are leading higher this morning and didn’t even bother touching the 25-hour SMA. Quite a lot of mojo and if you’re long after the NLBL breach two days ago then I would simply continue holding but keep an eye on the SMA for early signs of trouble. The more interesting chart this morning however is the YM:

Which has been lagging both the NQ and ES in recent days – as a matter of fact compared to those two it really never got out of the gate. Now what’s really interesting here is the fact that it is barely hanging on to its own 25-hour right now and that the 25-hour BB is compressing rapidly. Which means that we are most likely about to see a jump in volatility here shortly – either today or Sunday night. I would prefer to see resolution today of course and will keep  a close eye on this one for signs of a take off or failure of holding that SMA.

AUD/JPY – very nice setup this morning as it’s kissing its 100-hour SMA as well as an hourly NLBL right now. For me this is pretty much procedural – long on a breach higher and short below the SMA.

I’m thinking continuation lower here on the NZD/USD and would not take on any long positions unless it manages to climb into 0.7885. That 25-hour SMA has been providing soft resistance – of course one can never rule out a sudden jump to the upper 25-h Bollinger. Which is falling hard and fast at this point, so any break higher may have difficulty getting out of the gate before next week.

Shameless Plug:

Yesterday’s Mole reversal signals via the Zero indicator running against the spoos. The first ones are to be ignored as there was a TOS data outage. Doesn’t happen often but it’s something I intend to fix once I’m done with releasing Crazy.Ivan.

 

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don’t waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Cheers,

Deceiver Of The Gods

With equities still buoyant it seems that the bulls may have a real chance to once gain pull the cart back out of the mud and get the show back on the road. We have some positive signs on the equities horizon plus a plethora of setups, so let’s get to it:

Once again the VIX is painting a buy signal – assuming nothing nasty happens in the woodshed before the NYSE close and that we finish below 18.5. Once again – a VIX buy signal is relative to equities, not the VIX – the implication usually are higher prices within a week’s time.

The spoos are now running into short term resistance which may be good news – hear me out. That little drive higher has put the bears on notice but a little pullback to the 100-day SMA may reel some of the weak hands back in. That would incidentally put us in an RTV Buy setup and that’s something I wouldn’t want to pass up. Yes, admittedly a bit speculative but heck – more outrageous things have happened here, right? ;-)

A little update from the shiny metal side – our inside period entry on gold has paid off handsomely today. Despite the possibility of a pullback I intend to hold my contracts as my charts don’t give me any reason to buy back right now.

Ditto on silver – that was almost surgical. For some reason gold and silver always has treated us well in the past few years. If you can detach yourself from having an opinion about precious metals then they can be quite a bit fun to trade.

Right – let’s get to the setups – we have plenty again today. USD/JPY at the 100-day SMA and in a potential RTV Sell configuration. Great setup with great context – I love how the whole shabang is wrapped within two daily SMAs. Don’t miss this one – I expect a fun resolution.

Quite a bit more looming below – please step into my lair:


More charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don't waste time and sign up here. And if you are a Zero subscriber you get free access to all Gold posts, which gives you double the bang for your buck!

Please login or subscribe here to see the remainder of this post.

Shameless Self Promotion:

I would be remiss to not again point out today’s Mole reversal signal on the Zero indicator which once again nailed today’s low on the E-Mini. If you’re still not subscribed then consider that a month sets you back less than a single handle on the E-Mini. If you’re interested to give it a test ride then subscribe right here. That’s right, give me your tired, your poor – your huddled masses yearning to breathe free :-)

Some of you old timers may remember that the Mole happens to be a metalhead, among other eclectic tastes of course, spanning from classical to trance to latin music, you name it I probably like it. I concede that metal is not everyone’s cup of tea but if you’ve got the same genetic mutation that somehow kicks your brain into overdrive upon being exposed to some eardrum splitting rapid sledgehammer drums then you simply can’t miss out on this one – it’s so fabulous that I dedicate today’s post to those mighty warriors of the North:

Here’s a little sample – please make sure that no animals or young children are within a minimum four mile radius:

Probably the best eight bucks I ever spent – enjoy!




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