Awesome Thursday Morning Briefing

I’m in a brilliant mood this morning. We’re finally past this month’s Fed/ECB madness, many of the futures contracts have rolled over, there are setups galore, and I woke up to a warm and sunny spring morning with about 25 Celsius (77 Fahrenheit) around noon. Oh, and I almost forgot – the EUR/USD just fell off the plate – heheheheeee. Love and money is in the air!

2015-02-26_spoos_briefing

The spoos are flailing sideways below that NLBL at 2114.5 – isn’t it nice how those serve as support/resistance over and over again? Which is why I use them religiously for my discretionary trading. Anyway, I’ll be long above the Net-Line with a stop below 2112. However, the better setup this morning is on the NQ and that one I keep for my intrepid subs – sorry leeches!

2015-02-26_gold_briefing

Gold – also testing a NLBL and I want to be long above it – stop would be below 1214. I very much like the daily context here – very much actually. But not as much as I like it on another precious metal chart – again that one I keep for my subs.

2015-02-26_ZN_briefing

ZN futures – 10-year treasury bonds – I was about to enter here but then I saw a very quick drop lower. Which means now I’ll wait for a pop back above 128’260 after which I’m long with a stop below 120’180. I just looked at it and the odds for a push higher are low here – but if it happens I’ll take it for sure.


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Here’s a little goodie to wake you up:

I am on fire today – let’s have some fun people. See you guys later this afternoon.

Cheers,

Event Risk

The sideways drift I joked about this morning seems to have become the modus operandi of the entire session. And as I started to suspect a few hours in we don’t have to look very far for an explanation:

2015-02-23_events

Quite a heaping platter of event risk we’ve got scheduled for tomorrow and I suggest you guys do like me – which is hunker down and wait it out. Not surprisingly we got very little on the setup front today:

2015-02-23_AUDUSD_setup

AUD/USD may be worth a shot down here as it’s facing a stack of Net-Lines on the daily panel. I’m grabbing 1/4R here with a stop below 0.778. However if it’s not above 0.7814 by tomorrow morning I’ll cut out and run for the hills.

2015-02-23_corn_setup

Corn – another experimental play and I’m applying the same approach. 1/4R right here with a stop below the lower 100-hour BB. Must be at 390 by tomorrow morning or I’m dropping it.

That’s pretty much it for me until tomorrow morning after 10:00am EST – keep it frosty and don’t get caught in the obligatory traps and tribulations preceding event periods. Keep your powder dry and live another day.

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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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