Pre-Memorial Day Freebies

Let’s face it – most of you guys are pretty much outta here, and I myself am planning on taking Friday off. So for whoever is still left I’ll throw out a few juicy pre-Memorial Day freebies. Caveat – unless they start moving in the coming few hours I recommend you wrap them up or put your stop at break/even.

2015-05-21_spoos_briefing

Spoos – if you still find them near that stack of Net-ines then a long position may be in order. I’m long here 1/2R with a stop  below the daily NLBL at 2113.25.

2015-05-21_EURUSD_briefing

EUR/USD – ya’ll know I hate this trade but I’ll take it anyway. If that 25-day SMA gives way then we’ll probably retest the lows. Don’t think that’s happening just yet during the long weekend (yes, Forex will be trading Monday).

2015-05-21_wheat_briefing

Wheat long near 515 with a  stop below 510.

2015-05-21_soybeans_briefing

Soybeans – grabbing a long here with a stop below 936.5. It’s soft support really – 1/2R only.

2015-05-21_gold_briefing

Gold! Very speculative long position here – 1/4R only. On a drop below 1202 we’ll probably retest 1195.

That’s it – see you later this afternoon. Now keep it cool and frosty and don’t get too crazy playing the swings. Remember, we’re going to see increasingly diminishing participation starting today – not that we saw a lot of it yesterday, except for that fake out spike to the upside.

You are not paranoid – they ARE out to get ya – watch your six! ;-)

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don’t waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Cheers,

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.

2015-05-20_spoos_briefing

Nice activity this morning which presents us with nice entry opportunities. Time to get busy! Here are the spoos which have descended a bit over night and are now approaching the 100-hour SMA. I think a long near 2121.75 with a stop below 2120 has merit. If that one goes then we probably drop to 2113.25 or lower.

2015-05-20_NQ_briefing

Similar pattern on the NQ and you can spread your exposure between those two.

2015-05-20_EURUSD_briefing

EUR/USD – liking the sell off at the ATM but from a trading perspective we are approaching the last line of defense which IMO is the 25-day SMA near 1.10862. I’m trying a long if we breach 1.11.51 with a stop still to be determined – need to see the next spike low or NLSL.

2015-05-20_gold_briefing

Gold – long near the 25-hour with a stop below 1202.7. That was quite a slap down! Let’s see if it can recover or if we’re back in sideways mode. FWIW – boy the June contract has been a crap period for traders.

Quite a bit more waiting below the fold – please meet 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,

Monday Morning Briefing

We’ve got movement folks! Apparently things are coming into sync across the board and we’ve got a veritable laundry list of setups this morning. Time to get busy.

2015-05-18_USDCHF_briefing

Here’s the USD/CHF – still looking weak but attempting to paint a floor. Only 1/4R here with a stop below that recent Net-Line Sell Level.

2015-05-18_wheat_briefing

Wheat – boy what a run and it’s now bumping against it’s long time nemesis – the 100-day SMA. I think the right play is to follow those ST Net-Lines but to be short below the lower 25-hour BB.

2015-05-18_ZF_briefing

Bonds are looking primed and ready to rock & roll – five year bond futures retesting the 100-day SMA but I’m taking my cues from the short term panel. Long on a little dip lower with a stop below the lower 25-hour BB.

2015-05-18_ZT_briefing

ZT, the two year bond futures – long here with a stop below that recent spike low.

Quite a bit more below the fold – please meet 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.

Boy what an avalanche of setups! That ought to keep you guys busy for a while. See you all later this afternoon.

Cheers,




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    1. Edgeless
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    3. The Bulls Are Back On Notice
    4. Tuesday Morning Briefing
    5. Equity Curve Filters And Compounding
    6. Pre-Memorial Day Freebies
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