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,

No Juice

Equities have managed to push higher overnight and the E-Mini is now crossing the bear’s Rubicon, a line I drew at ES 2062 based on the most recent daily spike high. Nothing is ever impossible but unless we see an almost instant drop right here today this play is pretty much lost for the bears. Miracles happen but as of right now it seems they’ve run out of juice.

2015-01-23_spoos_briefing

Every handle higher from here now exponentially supports the bullish case. There is no harm in taking out a few lottery ticket shorts here but be aware that the odds are now vastly stacked against you. The hourly is looking pretty solid as well with the 25-hour SMA carrying price higher.

2015-01-23_NQ_briefing

I’m already long the NQ courtesy of Thor – and I distinctly remember how emotionally difficult taking this trade was on Wednesday. Just to make the point that none of us are ever immune to being biased, it’s a constant battle against one’s inner instincts. However if I wasn’t long already I would take one right here with a stop below the NLSL and the 25-hour SMA – let’s say near NQ 4240.

2015-01-23_copper_briefing

Otherwise I don’t see anything delectable this morning. The sole exception maybe being copper which doesn’t really offer an entry right now but it’s looking like it may start trending lower here.

The Dollar is on fire this morning and the EUR/USD touched 1.11 overnight, so I better head over to the ATM! The way things are heading I may just have one installed in my trading lair :-)

 

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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,




    Zero Indicator


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    1. Alea Iacta Est
    2. Early Warning
    3. The Last Bear Standing Is A Bull
    4. Wednesday Morning Briefing
    5. There Be No Butter In Hell
    6. Setup Tuesday!
    7. Late Monday Quickie
    8. Held Together By Duct Tape
    9. No Juice
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