Wednesday 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.

2015-02-18_events

Great setups across the board this morning but before you go nuts be aware that we’ve got the FOMC minutes at 2:00pm EST today. So be sure to be out of any of these short term setups unless they have moved significantly in your favor. You have been warned.

2015-02-18_NQ_briefing

NQ – I don’t really think we have a setup here. Sideways range overnight and I don’t see it making any big moves before the announcement. But if you think otherwise then here’s a pretty solid inflection point at NQ 4387.

2015-02-18_USDJPY_briefing

USD/JPY – long here with a stop below 119.07.

2015-02-18_EURGBP_briefing

EUR/GBP – that’s my lottery ticket of the day. Long here 1/4R with a stop below this morning’s lows. FYI – this may as well fall off the plate – so if stopped out I may consider another lottery ticket to the downside (depending on velocity – not in sideways churn tape).

2015-02-18_ZB_briefing

ZB futures – I told you to watch this one and that’s exactly what I’m doing as well. No setup here yet but I’d be long above that stack of NLBLs. OR short right below it if it seems we’re not pushing higher. Yes, this one may take a bit of finesse but it has great potential either way IMO.

Seven more goodies below the fold – 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,

Good Start Of The Week

Seems like you guys are still hung over from long weekend, where is everyone? Plenty of goodies to be had this morning. Some didn’t trigger, some got swept, but most importantly some took off nicely. Let’s review:

2015-02-17_NQ_update

NQ – we managed to get a nice entry on a small dip lower and now it’s off the the races. Well, not really – but it’s looking promising so far. We need to climb over that NLBL at 4385.75 or w may get caught in a sideways range here. Either take profits now or convert it to a daily campaign.  If the latter leave your ISL intact – I have an inkling we may need it.

2015-02-17_gold_update

Gold! We seem to do well with that contract for some reason – most likely because we’re not emotionally tied to any particular outcome. Anyway, PERFECT entry – couldn’t have hope for a better seat on the bus. Same considerations – either grab your money and run or convert it into a daily campaign. That’s a very nice sweep through two daily support levels – the 100-day SMA and the NLSL at 1216.7. Chances are we’re going to see a LKGB – so if you’re holding it be prepared for that.

2015-02-17_ZB_watch

ZB – early days here but I love the LT context – see how we’ve just touched the 100-day SMA? Well, in itself that would be meaningless as it hasn’t been touched in the past few weeks. However there is an accumulation of weekly support looming below, which should be helpful if we get a reason to be long. I would wait for a real setup but if you feel adventurous take out a lottery ticket with a stop below today’s lows.

Some very juicy LT setups 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.

Cheers,

Presidents Setups

According to the federal government, the holiday observed on the third Monday in February is officially Washington’s Birthday. But many Americans believe that this holiday is now called Presidents’ Day, in honor of both Presidents Washington and Lincoln, whose birthdays are Feb. 22 and Feb. 12, respectively. It turns out that whether you honor one or the other or both of these presidents may depend on where you live as the states decide the holidays. See, they even make taking time off complicated!

2015-02-13_spoos_briefing

The bulls are back in charge now – blasting the way higher. My NQ Thor campaign closed out overnight at the 4R mark which more than made up for losing those SPY lottery tickets. ¡Menos mal!

I can tell from the lack of participation that most of you guys already have one foot out of the door. But I owe it to the hardcore crew here to dish out the goods. So our last laundry list of short term setups before we close up shop for the long weekend.

2015-02-13_AUDNZD_briefing

AUDNZD – I’m waiting for a drop lower (if we get it) to grab a long position near 1.043. Stop below 1.04.

2015-02-13_ZF_briefing

ZF – that’s the 5-year t-note futures contract: Long above that NLBL with a stop below 119’220ish.

Quite a few more goodies below the fold:


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.

And that’s it – I think we’ve done a great job surviving the recent gyrations, we always managed to stay ahead of the tape. And for that alone we deserve a relaxing and fun filled weekend – I hope the weather on your end is playing nice. Over here in Valencia it’s currently over 20 degrees Celsius (~70 Fahrenheit) with plenty of sun – feels like spring already. Not a bad start for Día De Los Presidentes. So unless something drastic happens this afternoon expect my next post on Tuesday morning. Have fun!

Cheers,




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