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 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.

2014-11-24_spoos_briefing

Equities have been holding the line over the weekend and we may see a bit of acceleration here as suggested by DarthMole. Just to reemphasize – unlike retail traders volatility measures do not suffer from directional bias. So there is no telling which way it’ll swing. However I don’t see anything on my charts that would prompt me to deviate from the current course, which is to trail my stop and to not second guess how far this puppy may run.

2014-11-24_USDZAR_briefing

USD/ZAR near its 100-hour SMA and I’m short here with a stop above 11.00. Only 1/2R exposure as there isn’t much supporting context.

2014-11-24_wheat_briefing

Many futures contracts rolled over last Friday and the pickings are slim but wheat is looking rather interesting here as support is starting to stack up. I’m long with a stop below the NLSL at 553.25.

Two more short term setups below the fold:


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,

It Keeps Going And Going And….

The Energizer bunny continues its merciless march higher and we just may scrape the 2100 mark before they call it a year. Yes, my account is blinking bright green but that’s only half the fun. What really gives me the most joy is to watch all those talking heads picking tops over and over again only to get squeezed into oblivion. If you’re a bonafide masochist then do yourself a favor and continue to the take the other side of my trades.

Better luck next time cupcake. What was that old saying again…. oh yes – never step in front of a speeding freight train. That and to let your damn winners run without you mocking it up due to some fancy chart you fell in love with!

2014-11-21_ES_briefing

Talking of which I’ve got my sights on the 14R mark now – officially this has become the highest earning single campaign of this year now, even outdoing the huge Dollar run we enjoyed a few weeks back. I guess I should stop posting this chart by now as you guys are probably ready to ride me out of town on a rail ;-)


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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  3. recent misdeeds

    1. Happy Turkey Slaughter!
    2. One Chart Says It All
    3. Monday Snooze
    4. Monday Morning Briefing
    5. The Slow Walk-Down
    6. It Keeps Going And Going And….
    7. The Bots Are Back!
    8. An Impending Trend Shift?
    9. Fade The Noise – Play The Game
    10. Tuesday Morning Briefing