The Eagle Has Landed

My apologies for the late post today – it took me a while to get set up this morning as the storage place with all my equipment is all the way out in Los Feliz. And half way there I realized that we idiots had forgotten the key for the padlock, which added another 30 minutes to the trip. But I’m all set up now with my gorgeous Apple Cinema display and a surprisingly fast Internet connection. As you recall I already shifted my circadian rhythm over the past week and in general it feels like I never left Los Angeles. It’s amazing how quickly the brain re-adjusts to a familiar environment. Before you know it you’re cruising all over L.A., cursing at slow drivers of a certain ethnic group, A/C and stereo cranked up, sending hapless pedestrians diving for the sidewalk. You know – Los Angelino style :-)

LA_March_sunset_1

Here’s a snapshot I took last night here in Hollywood on Beverly right at the tail end of a gorgeous sunset. Today’s going to be hot – somewhere around 89 and it’ll breach the 90 mark tomorrow. I love the dry heat here and couldn’t be happier.

2015-03-12_UVOL_DVOL

Alright, let’s talk markets. As Scott pointed out – accumulation was in the works yesterday as evidenced by the NYSE UVOL/DVOL ratio. Buying pressure was solid and constant all the way into the close.

2015-03-12_zero

The Zero painted a pretty pronounced divergence on the hourly panel yesterday. Today’s session however (and yesterday) was driven by minimal momentum/participation suggesting prop desks and bots were running this.

2015-03-12_SPX_VIX

On the SPX/VIX panel the ratio is leading pure price and I think this could easily squeeze higher.

2015-03-12_spoos_update

So let’s look at the daily E-Mini which bounced at the 100-day SMA and the lower 25-day BB. The latter was actually the one which has been observed in recent history and the two together offered a nice opportunity for the bulls. Had I posted yesterday I would (like Scott) suggested to lighten up your short exposure here.

2015-03-12_LT_spoos_update

Long term we also had the 25-week SMA and a NLSL at 2036.5 – both of which I pointed out on Tuesday.

2015-03-12_NQ_update

The NQ is lagging the spoos which is interesting as it’s been the more bullish index recently. As you can see the weekly NLBL at 4286.25 has held up nicely so far.

2015-03-12_silver_setup

Alright, let’s talk setups – we have beautiful ones on our roster today. Here’s silver which I love short here until 15.565 where I’ll be long 1/2R, adding another 1/2R above 15.66. Frankly I would be happy either way – short or long and I have no directional bias.

More below the fold for my intrepid subs – please step into my Californian holiday 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!

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That’s it – see you guys tomorrow. FYI – while I’m here on the West Coast for the coming three weeks I will most likely post only once a day. Unless I fall out of bed very early – meaning near 6:00am. And that frankly happens rarely ;-)

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.


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.

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,




    Zero Indicator


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