Slim Pickings

This is the most inert holiday season I can remember. Honestly, I’m starting to get bored here - next year I may just take the remainder of December off after the 15th. Slim pickings across the board since everything continues to push sideways. Which of course makes it difficult to define any type of technical inflection points.

2014-12-30_briefing

The only good news is that those Bollingers are getting tighter and tighter. Big move coming! Which direction, well – I’ll tell you as soon as my crystal ball is back from the shop.

2014-12-30_YM_briefing

The YM is near the lower range right now and we’ve got a NLBL at 17,975. Not a bad spot to be long with a stop below 17,900 plus minus. Or you can wait until 18,000 is back in play.

Two more futures setups below but I’m keeping those for my intrepid subs – please join me in the lair:


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Cheers,

The Squeeze Is On!

And as we all suspected – the squeeze in equities is officially on. In a little over a session we went from dangling by a thread near lows to threatening a daily NLBL. Unfortunately it was not a setup we felt comfortable taking. The tell tale signs were there and we reported on them – in particular divergences on the NYSE volume ratios plus a monthly NLSL had been touched and reverted. However Fed announcements are times when I stand aside – I’ve been through this game in 2007/8 a few times and then swore to stick with the easy tape.

2014-12-18_spoos_briefing

I did try some lottery tickets near the very lows but unfortunately got stopped out on that last late day drop on Tuesday. Yes it sucks but that’s how it goes. And you know the saying by now: Better wishing to be in a trade than wishing to be out of one.

Look at that NLBL on the daily panel – if it can be conquered today then the bulls are in much better shape. Not out of the woods just yet but they’ll have a pretty good chance to at least fight their way toward 2050. Let’s see if we can get there.

2014-12-18_ZB_briefing

Opposite situation on the bond side and it’s quite possible we’ll slide off the plate here. That hourly Bollinger is clearly threatened and if we don’t see green here soon then momentum will start kicking in.

2014-12-18_DX_briefing

The Dollar is scraping new highs – no setup here but it’s pure chart p0rn for this lowly expat :-)

2014-12-18_crude_briefing

I did however get to keep my crude longs. Of course those haven’t budged very much – just my luck ;-)

But they are still looking in good shape and I have now moved my stop to the break/even spot near 56.


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,

Forex 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.

2014-12-10_spoos_briefing

I’m highly skeptical about equities this morning – it looks a lot like it’s about to drop lower. Which is exactly why I am taking 1/2R long here near the 25-hour SMA. Emotions are a great indicator that the tape is affecting your judgment. Best to fade it and technically this is worth 1/2R.

2014-12-10_AUDNZD_briefing

Plus we have a TON of other markets to get busy in this morning, especially on the Forex side. AUD/NZD – I’m long here with a stop below 1.077. Why so low? Because it has a recent history of shaking out early entries and then run off the opposite direction.

2014-12-10_gold_briefing

Gold – waiting for a long entry here above the NLBL at 1235.6. My stop would be below the recent low at 1225.

Quite a bit more waiting 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,




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