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,

Setups Galore!

Roll up your sleeves and get to work folks, for there are literally setups crawling out of the woodwork this morning. Either that or I got some kind of Spanish infestation. Unfortunately I have precious little time as I’ve got one foot out of the door – so I’ll have to post them telegram style.

2014-11-12_NQ_briefing

Okay this one is experimental as we are probably seeing a more thorough correction. But I’ve got 1/2R long on NQ - stop below the 100-hour SMA.

2014-11-12_EURUSD_briefing

EUR/USD – long – stop below the 100-hour.

2014-11-12_gold_briefing

Gold – long above the NLBL (or now if you want) – either way stop below the 100-hour as well.

A lot more below the fold – please join me in the 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!

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,

Sitting On The Edge

Equities are at an inflection point – yes, we are pushing into new territory but due to a shallow correction yesterday we may not be ready to start another squeeze. I’m still holding the long positions I grabbed this morning and my stop remains at 2008.5 which means I was one tick away from being touched.

2014-11-05_spoos_volume_profile

The E-Mini volume profile chart shows us what we’re up against – we are heading into uncharted territory and I think a more thorough correction is needed to kick this thing higher into the Santa season. Either way, I’m still holding my longs I grabbed at 1872. My current stop is at the 2nd nearest spike low at 1960. I am considering to shed 20% if we drop through the previous one at 1995.

2014-11-05_SPX_update

The hourly SPX panel shows us a very solid 25-hour SMA which however is starting to lose momentum. So the situation here is pretty clear. The bulls need to start running or face a more thorough correction, perhaps all teh way toward 1962 where we find the 100-hour SMA (see, there IS method to my madness).

2014-11-05_VIX_SPX

The VIX is slightly elevated as you can see from the ratio I’m plotting below the SPX here. So I think market makers are expecting a correction here as well. Strangely thus far nothing has yet materialized.

2014-11-05_GBPJPY_update

Update on the GBP/JPY setup from last night – see what I meant by not having a directional bias? Who looked at that chart yesterday and would have considered a LONG entry? Perhaps 1% of all traders – that’s how many. Well we did and my recommendation is to move your stop to b/e – you are now sitting pretty. I can’t promise that this squeeze will continue but the die has been cast and now we wait. By the way GBP/USD worked fantastically for a few hours but then somehow ran back to our entry – I recommend an exit on that one.

2014-11-05_AUDCAD_update

AUD/CAD – I was whipsawed there this morning but got above 0.9905 – taking profits now which earned me a bit over 1R considering the 1/2R I lost being long first.

2014-11-05_crude_update

Crude – perfect entry here this morning and we are now uniquely positioned for continuation higher. Again, no guarantees but move your stop to break/even and then sacrifice a medium rare beef burger to appease our overlords at the firm whose name must not be spoken.

Only one measly setup this evening and I’m keeping it 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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