Threshold Tuesday Morning

The getting is good this morning as the spoos have once more descended toward their bearish inflection point. From there we’re gotten a little bounce which means we are long now with a stop below the NLSL shown below:

2015-06-16_spoos_briefing

This is a textbook entry guys and I’m taking it now. Our inflection point is 2062.5 – a slicde below does not guarantee it’s falling off the plates but at some point the gist will be up. Meaning I will take the risk of being whipsawed given the downside potential. A lot of pent up momentum and frustration has accumulated over the past three months. The final release will be glorious.

Translation: Long right now with a stop below 2062.5. Short below 2062.5 with a stop above the 25-hour SMA.

2015-06-16_AUDUSD_briefing

The AUD/USD is in shake out mode but has accumulated a lot of support below on the daily panel. Looks like a decent long here near the 100-hour SMA – I’m putting my stop below 0.77.


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

Cheers,

The Big Furball

Equities have clearly been one big nasty furball over the past few weeks. You remember me writing about this weeks ago already and with the exception of one quick fake out higher we have reversed back into sideways shake out territory. Tough going here but to me it seems like we are either witnessing massive accumulation or distribution over the past few weeks. I’ve touched on that about a month ago and the fact that conditions have remained since then tells me that whatever comes next is going to be significant.

2015-06-02_spoos_briefing

Which means my modus operandi has been one of taking calculated risks near potential inflection points. On the E-Mini we are sloping lower slowly but seem to be jumping higher occasionally to shake out as many participants as possible. And that means I cannot enter here – neither long nor short. Well perhaps long if we were near the recent spike low. But I’ve got a much better entry and I’m posting it for the subs below.

2015-06-02_gold_briefing

Gold is very juicy here – I’m grabbing a long with a stop below the NLSL which also happens to be near that diagonal I drew. Clearly a short position below this is a possibility but tough going – those daily NLSLs  (right panel) won’t give way easily.

2015-06-02_GBPCAD_briefing

GBP/CAD – very nice context developing but so far no resolution. I’m long here with a top below 1.898.

2015-06-02_soybeans_update

Soybeans update – nice entry yesterday and I came very close to being stopped out. Moving my stop up to break/even now. If it wants to get going then now is probably the time.

2015-06-02_Natgas_update

I also grabbed natgas yesterday – so far so good but I’m leaving my stop in place as we haven’t moved anywhere yet. But the longer we remain those ST NLBLs the higher the chance for a stab higher. Volatility should set in here in the near future.

2015-06-02_AUDCHF_update

AUD/CHF is also still nibbling on it. Keeping my stop where I left it.


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Cheers,

Happy Monday 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.

2015-06-01_spoos_briefing

The week is hitting the ground running it seems. As Skynard mused in the prior post – we are most likely going to see a spike in volatility here today. The spoos are looking super juicy here as we are tickling support and it’s my patriotic duty to grab a long position with a stop below 2099. Below that we’ll probably drop into whoknowshowlow. Which means I’ll swap for a short if stopped out.

2015-06-01_ZB_briefing

The 30-year bond futures are also sitting on a binary inflection point – long above the NLBL and short below the rising 100-hour SMA which is also backed up by a NLSL. Bonus point – you won’t have to roll for a while if it starts trending, so stop futzing about and get on with it.

2015-06-01_gold_briefing

Time to strike while the iro… uuuh gold is hot – a stop below 1180 should do the trick. This one is also short of dropping off the plate which means I’m open to flip the script and go for shorts if stopped out. All that sideways tape has lulled you into almost slavish submission and I bet good money right now most of you rats will miss the boat once it starts trending. Prove me wrong.

2015-06-01_GBPNZD_briefing

GBP/NZD – long here with a stop below the 100-hour SMA. Who wants to live forever? Me actually which is why I’m only playing 1/2R.

You want more? Better pay up and join the club – leeches only get to see the tip of the iceberg ;-)


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

2015-06-01_events

A bit of event risk around 10:00am Eastern – so batten down the hatches around that time. See you guys later this afternoon.

Cheers,




    Zero Indicator


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