Short Term Entry Opportunity

This is an Evil Speculator Entry Alert – meaning we have a limited time to get exposed as price is hanging in the balance near an important inflection point. Yesterday night I was talking about lower highs and lower lows – that pattern seems to be in the process of being broken:

2015-03-05_spoos_briefing

That hourly NLBL at 2099 is up for grabs right now and I want to be long in about a minute or two when it finalizes – hopefully above it. My stop will be below 2096 – if stopped out I’ll be short with a stop above 2099 – easy peasy lemon squeezy.

I’ll keep digging around for more ST setups but wanted to set this one off as quickly as possible as it’s time sensitive.

UPDATE 1: Alright guys – I did dig up something very juicy on the futures front, please step into the lair:


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UPDATE 2: Okay, here’s a little freebie for you leeches:

2015-03-05_ZS_briefing

Soybeans – long above that hourly NLBL at 997.5 – stop below that 25-day SMA.

Alright, we got a bit of event risk in a few minutes:

2015-03-05_event

I hope Draghi pulls out all the stops – I need that Euro at m…ing par!

american-pride-eagle

Great time to be an American! That’s right, you guys were just born there – the Mole had to EARN it! ;-)

Cheers,

We Got Movement

We’re seeing an interesting failure on the equities side today – seems like it took a few people by surprise and so it should! Judging by the participation a large portion of traders has been locked out of the rally and participation continues to wear thin:

2015-03-03_zero

I’ve kept telling people to anticipate a sell off but to remain patient as I have not seen any technical context to hang our hat on. That may be changing now as this stab lower may not hold but will help us establish potential sell opportunities if it heads higher. Quite frankly that signal signature on the hourly Zero looks extremely strange and is starting to reek like distribution.

2015-03-03_spoos_update

The E-Mini isn’t giving us much right now and I wouldn’t chase this move lower.

2015-03-03_NQ_setup

The NQ however is looking juicy on an hourly basis – I’m thinking long 1/2R here if it drops by a handle or so - put your stop below 4430. The context is pretty good above that daily NLSL and it’s worth to BTFD here. However, that said – if stopped out I am grabbing a short position as we may accelerate lower. Also, if it actually continues higher I will be looking for short opportunities – but let’s address that when/if we get there.

2015-03-03_EURCHF_update

EUR/CHF update – this was the only one that triggered and it’s looking positive so far – this is the type of price action we want to see. If it manages to heave itself above 1.077 then move your stop to break/even.

2015-03-03_crude_setup

Alright – we got a nice list of setups today – here’s crude which I want now with a stop below 49.6. Now bear in mind that it’s still in sideways churn mode and it will test your patience. Which however may be rewarded in the near future. When crude starts trending it doesn’t mess around.

2015-03-03_crude_thor

As a side note – crude also seems to be a decent contract for trading Thor – here are the past five years. As you can tell it goes through phases – did very well in 2010 and 2011 and then went sideways throughout 2013 into early 2014. After which it took off like gang busters. There was a pretty lively discussion on the board yesterday on the topic of excluding badly performing symbols. This is an example of where I would not even think about excluding it – there is simply no predicting when it goes back into rocket mode again.

2015-03-03_gold_thor

Gold however has been on a rampage in the past give years, clearly there was less trending potential in the past two years but it seems to be back in vogue now – at least via Thor. Looking forward to seeing more of that in the course of this year.

Alright – more setups below the fold – please step into my lair:


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That’s all I got for today – see you guys on the other side!

Cheers,

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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Please login or subscribe here to see the remainder of this post.

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,




    Zero Indicator


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