Setup Tuesday!

We’ve been through some nasty tape over the past week but I have an inkling that’s about to change. Things are slowly coming into focus and it’s probably not accidental that we’ve got setups crawling out of the woodwork this morning. So it’s going to be a busy morning – grab a cup of coffee or your favorite tea, roll up your sleeves, and be ready to pull that trigger!

2015-01-27_spoos_briefing

Quick update on the spoos – up/down/up/down – I think I’m getting sea sick. Whether or not this is yet another berar trap is beyond me but what I do know is that 2062 remains unchallenged thus far. I know I’ve been sounding like a broken record over the past week or two but this market is NOT healthy. Be on your guard!

I’m going to be short here below 2040 – long above the NLBL at 2047.75 – in between it’s a coin toss.

2015-01-27_GBPJPY_briefing

Okay, setups setups – we got aplenty. GBP/JPY – long here with a stop below 177.8.

2015-01-27_AUDCAD_briefing

AUD/CAD – long here with a stop below 0.9882.

2015-01-27_cotton_briefing

Let’s not skimp on the futures either – I’m long cotton with a stop below 58.

But we’re just getting warmed up – please join me in the lair:


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You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.

Cheers,

Let’s Dive Right In

So, are we finally done yet? Through how many more holidays will the Mole have to suffer? And there’s another one coming on February 16th – it just never ends! You think I may be kidding but I’m actually halfway serious. Look, I enjoy some time off as much as the next steel rat but as soon as there’s a holiday the entire trading week before and after is pretty much shot. Enough is enough – time to bank some coin.

2015-01-20_spoos_briefing

Alright equities – it seems like the bears are going to fumble this one again. The spoos are looking good here and today’s session should decide whether this is one last bull trap or if the bulls are getting blown out of the water. See that hourly NLBL – I’m catching it with a long and my stop is below 2013. Got to hedge my NQ short position which (thank the trading gods) has its stop at b/e by now.

2015-01-20_crude_briefing

Crude – long here with a stop below 47.5. IF we finally get a pop above 50 this thing will grow some legs. Until then we’ll have to suffer through the sideways churn.

Two more goodies below the fold – please join me in the 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.

You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.

Cheers,

Lottery Ticket Tuesday

We are at a crucial stage across the board with equities and futures near inflection points which respective resolutions will define the direction of the current quarter. I’m going to make this short and sweet for you: Hopping on the right bus is the name of the game here. However the tape at this stage is intrinsically geared toward misdirection. So my approach will be to take out a few lottery tickets and build my positions as I’m proven right. As usual let’s start with equities and then cover forex and bonds:

2015-01-13_spoos_briefing

On the E-Mini we’re clearly in a shake out zone which spans between ES 2020 and 2060 – forty handles of pain and confusion plastered with opinions and high emotions. The bulls currently have the upper hand as the 100-day SMA is below us and it’s slowly rising. You could use the high of yesterday’s shooting star as a long entry with its low as the stop. On the downside things are a bit more tricky unfortunately. Thor is currently short the NQ but that 100-day will be very difficult to overcome. The reason why we decided to include it into the Sunday entry line up was due to the potential of a sudden slide lower that would burn a hell of a lot of longs.

2015-01-13_spoos_b_briefing

However right now it’s looking still as if the bulls can hold the line. On the hourly the 100 is already swinging higher and a long position here with a stop below 2023 is a lottery ticket with very limited risk. The dynamics are balancing on a knife’s edge – below 2020 things could easily accelerate lower quickly, but as of right now as I’m typing this the bulls still have a solid chance to shake out a few more weak hands and then drive this higher.

2015-01-13_EURUSD_briefing

Another short term lottery ticket today is the EURUSD – a few more pips lower and I’m going to grab a long with a stop just below 1.175. As you know I’m implicitly short the EUR (i.e. I live in Spain and earn in Dollars) thus I’d be happy to get stopped out on this one ;-)

Quite a bit more below the fold – please meet me in the 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.

Very nice setups across the board – don’t get over exposed however as we may see a bit of shake out today.

Cheers,




    Zero Indicator


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