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,

Ring Side Seats To The Freak Show

If you’re still paying attention to the respective musings of Mrs. Yellen or Mr. Draghi then you only have yourself to blame. The verbal diarrhea coming out of both camps these days is not only recursively contradicting but also lacks any real meaning as every sentence uttered has been carefully vetted to feature relativizing adjectives galore. Ambiguity and sophism reigns the day, which means any attempts of interpretation or extraction of meaning are doomed to fail. So don’t bother – just fade the noise and ride the tape.

That’s right – it’s a club and we’re not invited. However as much as I love and miss George Carlin I disagree with being pessimistic. The game is rigged – so what? Trading has rarely ever been this directional and this easy. And riding the coat tails of the banksters has been pretty profitable over the years. When it comes to trading you better leave your political opinions and moral convictions at the front door – trade what you see and not what you want to see. You know who you are and if you haven’t learned your lesson by now then I cannot help you – but you’re welcome at the other side of my trades.

2015-02-25_NZDJPY_setup

Speaking of which – NZD/JPY is looking like a great long above that NLBL. You can sneak in early above the hourly near 89.83. top below 89 and Bob’s your uncle. This one has definite runner potential.

2015-02-25_ZF_setup

ZF futures – the 5-year treasury notes futures contract: long above 120’165 with a stop below 120’20 on the hourly panel. My evil plan is to play a breach of the 25-day SMA. FYI – this one is about to roll over so you probably want to grab ZFM5, the June contract. Wow – how time flies….

Two more goodies below the fold for my intrepid subs:


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.

Cheers,

Quick Post FOMC Update

Every month we have to endure thy holy entrails reading courtesy of the Federated Oracle Market Cult. It’s a completely wasted session and I wish they would just get it over with and announce that the procedure was a total success but that the patient had died a long time ago. But alas – this is not ZeroEdge and if smoke and mirrors is what we’ll live by that’s just fine by me. I just work here and after me the flood as they say – yes, I’m a capitalist prick (not really but I hate therapists and it’s a fun persona if you’re running a financial blog).

2015-02-18_spoos_update

Many of the morning setups didn’t move and the forex side was rather disappointing. So let’s focus on the productive ones. I posted about the NQ earlier but the spoos is where I want to be long now with a stop below the hour SMA.

2015-02-18_ZT_update

ZT – 2-year note futures – that’s some massive candle boner™ action here and we can count another perfect entry notch. I’m holding this sucker as it just managed to bust through the 100-day SMA and a daily NLBL. Let’s see if we can run this puppy higher.

2015-02-18_ZB_update

ZB – 30-year bond futures – not as ambitious as the ZT but I’m grabbing 1/4R here right now.

2015-02-18_SI_update

Silver – I’m also grabbing 1/2R here with a stop below today’s lows.

That’s it – I’m not grabbing any other positions here for the day. I want the tape to work itself through the obligatory follow up rumors and mental masturbations before I dip into any new setups.

 

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,




    Zero Indicator


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