One Chart Says It All

This is ridiculous – has everyone left already? Yes, I know – it’s Thanksgiving week, but I expected at least a reasonable amount of participation until the EOS today. However what I’m seeing on the UVOL/DVOL panel makes me want to pull down the blinds here at the lair and call it a week:

2014-11-25_UVOL

I really think this chart says it all – this level of participation is minuscule even at holiday week standards. I occasionally bitch at you for not showing up for work while the getting is good, but this is clearly the type of tape you want to ride out without giving it too much attention. So go and stuff your turkey – but be careful about pulling pertinent jokes as some people apparently were tragically born without a sense of humor.

2014-11-25_silver_update

Silver is actually playing ball right now – the subs hopefully caught this morning’s entry. But of course we can’t trust it just yet – plenty of opportunity for monkey business here, especially during this week. But let’s play along and see where she may lead. Odds are still high we get stopped out by an obligatory shake off. However, IF she actually takes off it’ll probably turn into a mad runner as the bus is very very empty down here. In that sense the benefit to risk ratio was high enough to justify an entry. In the end it’s all about context and of course timing.

Two more goodies below the fold – please join me in the lair:


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

Cheers,

Monday Snooze

I’m not going to exacerbate your suffering by reemphasizing what a boring ass session we had to endure today. Early in the morning DarthMole suggested a jump in volatility and by the looks of it I’ll have him report to the Evil Speculator dungeon for a much needed tune up.

2014-11-24_copper_ST_setup

Really not much happening there on the daily panels. Many of the futures contracts rolled over last Friday and I’m always a bit cautious taking entries until we’re a few days in. However that said – copper is looking pretty juicy as a long right here and now which is why I just emailed this one out to all the subs. Put your stop below the BB and Bob’s your uncle. If stopped out I may consider going short as the daily looks like it just passed through a wood chipper and the bus would be literally empty.

2014-11-24_silver_setup

Then there’s silver which I may throw 1/2R at if it breaches any of the IP triggers tomorrow. There is a lot of misdirection in the tape and something is telling me to not test my luck.

Currently we have a ton of symbols which are on a rampage (i.e. Dollar and Yen, and of course equities) while a bunch of the futures are in sideways mode (AND just rolled over). My charts are not yielding a whole lot of context and thus the Mole hunkers down and prepares for the EOY Santa Rally. I suggest my steel rats do the same – no reason to spend time watching this slow motion sideways churn today.

Knowing when NOT to trade is half the battle.

You’re still here? Damn it – don’t you have a family or something? Friends? Facebook page?

See you tomorrow ;-)

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Cheers,

Thursday Morning Briefing

Recently it seems that the early morning entries are where the getting is most profitable. If you recall my 13R equities campaign in ES started out this way near 1872 and yesterday morning I got what I would call a perfect entry near support.

2014-11-13_NQ_update

Someone asked me how I was managing this campaign and at this point I’m keeping it simple by using the most recent spike low as my stop, which right now means a tick below 4203.

2014-11-13_EURUSD_briefing

EUR/USD is messing around but may finally have sufficient context for a drive higher. I’m long here with a stop below 1.244.

2014-11-13_gold_briefing

Gold also looking like it wants to run higher although I’m still suspicious as it usually has a habit of driving everyone nuts for a while before it takes off.


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,




    Zero Indicator


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