Mexican Murpy

And of course this just had to happen. I mean how many vacations have I taken in the past seven years since I started Evil Speculator? Three perhaps – none of which lasted more than three or four days? And the one time when I finally decided to go off the grid for a few days the damn site melts down. Incredible! As you (may) know this almost never happens – except of course when poor Mole take a few well deserved days off. Unfortunately I also managed to forget my mobile phone at the club – typical. So I didn’t figure the site was down until early evening when I returned from a beautiful day on the Marietas Islands.


In the end the culprit turned out to be some missing PHP updates which caused some incompatibilities with the newest version of cPanel. My most supreme hosting company however was on the case right away and by the time I woke up this morning everything was upgraded and properly fixed. I seriously don’t pay these guys enough – best hosting firm I have ever come across. Of course if you for some reason experience any problems please don’t hesitate to zap me an email. Again, allow 24 hours for a response as I’m in Mexico with a spotty Internet connection.

By the way, I humbly thank all of you who responded in kind to my email. As a matter of fact I didn’t receive one single angry email, which speaks a lot to the caliber of people who frequent and support Evil Speculator. Thanks guys – this actually makes me look forward to returning to work next week.

Now Scott was obviously unable to put up a new post yesterday and after such a lengthy outage there’s simply now way I’m going to leave you guys hanging. So here we go – a quick update on the current price action.


The E-Mini is actually in a very interesting spot here. The red arrow points at the spot where we touched the upper 100-hour BB and then started to proceed sideways. I’m not convinced that we’ve got a double top situation here – just yet. The tape since then has been indicative of wearing out some of weak hands. The first real level of support I’m seeing now is near 2076 where the lower hourly BB meets our NLSL. Now if we fail that one then it’s quite possible that we’ll revisit the 100-day SMA near 2050. But even then the bulls still have a pretty good chance at to jump in there and take advantage of that rising SMA. Let’s see what happens today/tomorrow – the price action will give us further clues – look at velocity, participation, UVOL/DVOL, all that good stuff. And of course the Zero!


The YM is actually a bit ahead of the ES here and although I would trade the latter I would take early clues from the former. Bottom Line: I would be long right here with a stop below the daily NLSL – at this point I would not be interested in short positions. I am using the conditional as I am obviously not trading whilst on vacation with Mexican Internet connectivity (actually it’s not that bad – upload speed is the biggest problem).

I got a few more goodies for my intrepid subs – please step into my Mexican lair :-)

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Alright, that’s it for me until sometime mid next week. Obviously you are in good hands – Scott did an awesome job in nailing the recent highs.


Everything Must GO!

Yellen strikes again and the bears have been blown out of the water once more, as expected yesterday. This morning’s drop below yesterday’s lows was a nasty little bear trap and I’m glad that I had cut my remaining short exposure to half which I got out near break even (having a stop below break/even – be prepared during FOMC days). I don’t expect any of you guys having caught that spike higher so let’s just observe the aftermath of what equates to a massive collective rope-a-dope.


The spoos rocketed higher like a bat out of hell. We just sliced through a daily NLBL and odds have it we’ll push a bit higher even before the close. I think this is one a great example of why I will never be able to live in SoCal again. This morning I fell out of bed, saw the spoos near the lows paired with low participation and thought to myself that it was a great buying opportunity. Of course by the time I’m up and running and ready to post the train has left the building. Moral of the story – if you want to catch early morning entry opportunities effectively – live on the East Coast or in Europe (Brazil and even Chile would work as well).


Anyway, this is my favorite chart of the day and the reason may not be immediately apparent. Yes, those spikes on the Zero Lite (right panel) are pretty large – or ARE THEY? On further observation we are spiking at 0.8 – and that amounts to almost NOTHING in comparison with regular trending days. The conclusion here is that this was driven by a small minority of connected prop desks and people on the inside. 99% of traders did NOT participate in this advance higher. You are free to draw your own conclusion from this. Personally I refrain from letting this affect my trading – I simply stay away during Federal Open Manipulation Cycles.


EURUSD is a buy – notice that we are going to close three consecutive higher highs for the first time in months now. It seems that Mole’s European adventure is going to become more costly again.


Bonds are a buy – everything must go! Massive candles here.


Gold is a buy buy buy – and we just cemented new weekly support near those lower bollingers. Breaching that in the future would require some heavy duty equipment and very strong downside momentum. I think we are looking at minimum at a medium term low here.

I’m not taking entries right now – my standing policy is to let FOMC days play out and then pick out easy prey stumbling along the sidelines once the dust clears. See you guys tomorrow morning.

I leave you with this courtesy of the Fly.

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One For The Road

This will be my last post before until Thursday as I’m heading out to catch my plane to Paris and then to Los Angeles. This actually works out better than having to take the AVE to Madrid and then grabbing a flight to L.A., especially now that Iberia apparently has apparently ceased servicing the direct route. Let’s just hope those frogs won’t be on strike today – you never know, but at least it’s still out of season over here in Europe.


Suffice to say that I don’t even know what time it is anymore – over the past week I have slowly delayed my sleeping cycle and am now operating on Eastern Standard time. The idea is to pop a Xanax on the plane and hopefully not being awaken by the fat guy they’ve invariably booked right next to me. Anyway, Scott has graciously volunteered to post tomorrow, and his timing couldn’t be any better as we have plenty of movement across the board.


So let’s talk tape! On the Zero we’ve had a pretty wild day with swings on both sides of the spectrum but still favoring the short side. However I do see a bit of a divergence on the hourly (left panel) which is probably due to the fact that we had barely any positive signal spikes yesterday. You guys are probably wondering where we may find support, let’s see:


The E-Mini futures are hanging somewhere in limbo and the only context I see is the weekly NLSL at 2036.5. We haven’t touched it yet and I would like to see that before I suggesting taking partial profits.


I’m posting the weekly and monthly NQ chart here in order to give you guys a bit of perspective. I don’t really have to say it, right? Just look at this monthly panel and marvel at this beautiful trend to the upside. That’s a one in a lifetime move, folks and you’ll probably have to heavily invest in cryonics to ever see anything of the kind again. Now, we are near the monthly NLBL at 4348 here and that ought to be good for a bit of support. On the weekly we got 4286 and 4201.5 plus the 25-week SMA in case we drop lower. I think we’ll probably see an obligatory bounce first.


Update on my open positions – Gold remains lackluster and I’m closing it out with meager profits. The CAD pairs all got stopped out but at least at break/even – so I got out clean on those.


GBP/NZD is on a roll now and I’m advancing my stop to 2.0628.


GBP/CAD – almost got stopped out on that one by a tick! I’m letting this sucker run and keeping my stop at break/even for now.


CAD/JPY – stop out with tiny profits as it turned on a dime. Keep an eye on this one guys – I love the context on the daily and we are now back at the 25-day SMA plus a few Net-Lines. Perhaps you’re able to grab this one long above the SMA or short below it.


ZF – that was a very speculative entry but it’s slowly grinding higher. Stop now at 118.200 – very comfortable to keep this one running while I’m stuck at 35,000 feet.

And that’s me signing off here in Europe. You are in good hands (i.e. Scott) and our open positions are flashing green. Subs – everything is running as usual and I’m going to put up new Thor setups (if there are any) in the next hour. However if there are any unforeseen problems then you’ll have to wait around 24 hours before you’ll hear back. Alright, that’s it for now – I (hopefully) see you all state side.

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.


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    1. Nice Setup for Today
    2. Scott Update
    3. Must Play Monday
    4. Trend or Range
    5. Mexican Murpy
    6. Double Top Increases In Probability
    7. Terminal Phase
    8. Trading The House Down
    9. Easy Prey
    10. Everything Must GO!