Thursday 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.

2015-04-09_spoos_briefing

The E-Mini still in sideways mode but it has now accumulated a bit more Net-Line context I plan to leverage. See the triggers on the chart – in between we’re somewhat in limbo. On the long side it’s permissible to get exposed now with a stop below 2067.25. FYI – if we get a short trigger I’d be very nimble as the downside seems limited to me – at least as of right now.

2015-04-09_copper_briefing

Copper – 1/2R long here with a stop below 2.273 – I definitely like the daily context but it’s still early days as the 100-day SMA is still falling and will probably need another week or so to stabilize.

I’ve got one more for the subs – and it’s today’s favorite ;-)


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

Cheers,

Easy Prey

Yesterday I mused about my habit of sitting through panic spikes only to pick out easy prey once the dust settles. Well, today is that day and as we have plenty of juicy candidates limping past us we better get organized. This is it folks – time to get busy!

2015-03-19_spoos_update

The spoos retraced quite a bit of yesterday’s advance and currently we are hanging somewhere in the middle of nowhere. No entry here unless we drop lower and touch 2065.

2015-03-19_NQ_update

The NQ however ain’t a bad long here with a stop below 4410.

2015-03-19_EURUSD_setup

EUR/USD – as much as I love it back at 1.06, as a trader I just have to take a long here with a stop below the 100-hour SMA. If it drops below that then I win as well once I’m back in VLC.

2015-03-19_gold_setup

Gold is looking like solid here and if it holds this NLBL we should be primed to pump higher. You have a choice between putting your ISL below that hourly NLSL or the 100-hour SMA.

Plenty more waiting below the fold – please step into my West Coast 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.

Bonus Chart!

2015-03-19_zero

Strangely today’s momentum/participation is twice of what we saw yesterday in the ramp higher. Alright, tthat ought to keep you guys busy for a while – I’m grabbing breakfast now. Trading on the West Coast sucks – but I love the weather and the eye candy.

Cheers,

Long Term Equities Update

It’s been a while since we’ve covered equities exclusively and as the month is coming to an end this is as good an opportunity to catch up. As you all know I have been dangling the ‘late stage bull market’ carrot for a few weeks now and quite frankly I don’t see any reason to change that outlook. I have been very adamant about expecting a final exhaustion spike higher and believe that is already in the works. Now before you start piling into puts be aware that we may be weeks, perhaps even months away from a downside event. So hold your horses and for now just enjoy the charts in preparation for where we heading most likely later this year. Enough weasel talk and disclaimers? Great – let’s get to the charts.

2015-02-27_zero

Actually it was the Zero chart that reminded me that a LT update may be in order. Over the past few sessions some of my subs and myself have been noticing strange signal patterns suggesting distribution. It’s very much possible but quite frankly I don’t see anything on the momo side that would suggest urgency. In short – nobody can predict when things will take a turn but we are a bit early in the game here still. So let’s review the evidence:

2015-02-27_SPX_LT

 

First the long term SPX with my trusted weekly stochastic. I almost never use this indicator – except on the weekly chart where it actually works pretty well! Right now we’re scraping 100 but in this bull market this means nothing. Most likely we’ll see an embedded signal (above the 80 mark) for a while before we head lower here. So no reason to be in a hurry – again we may be weeks or perhaps even months away.

2015-02-27_SPX_SPXA200R

SPX vs SPXA200R – the latter is the percentage of stocks in the SPX trading above their 200-day SMA. Now that one is looking bloody well divergent and eventually there will be a price to pay. But I don’t think that we’re due just yet (watch how the market will drop instantly after Mole’s statement).


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.

Bonus Chart!

022615pump

This one is courtesy of Chris Carolan over at spiralcalendar.com – one of the few other analysts I follow. Chris graciously permitted me to post this chart which I not only find absolutely compelling but also appears to be in line with what I’m presenting above. See the delay in the response on the S&P? Ponder on this one over the weekend.

Alright – I’m exhausted and am desperate for my Friday treat:

beer5

Not her you deviant! I’m talking about the Hefeweizen – which is waiting and that’s my cue. See you guys Monday!

Cheers,




    Zero Indicator


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