Last Line Of Defense

Equity futures are dangling by a thread right now with the E-Mini trading below the 2k mark again – odds suggest that by the time you read this we may already have plunged lower. Looks like the proverbial shit just got real in equities. Let’s observe:

2015-01-14_spoos_briefing

My E-Mini triptych panel (hour/daily/zoom) shows us below the 100-day SMA and now testing the last NLSL at 1995.75. If it goes then we will most likely take out the previous lows and the implications of that in turn would be a pretty extended move lower. As I said yesterday – strap on your helmets and make sure that your seat belt and safety bar is securely fastened – this could get very ugly and that quick. Suffice to say that the Thor NQ campaign which almost got stopped out yesterday is now starting to look solid.

2015-01-14_USDSGD_briefing

The Singapore Dollar vs the USD – I think this may be the first time I’m showing this pair here. Nice resistance zone near 1.3365 – I want to be long above it with a stop below 1.335.

2015-01-14_AUDCAD_briefing

AUD/CAD – if it overcomes the hourly NLBL at 0.9746 then I’ll be long with a stop below 0.968. Low odds of it happening but if it does then we may just slice through that 100-day SMA and start a second squeeze.

2015-01-14_1442

A special welcome goes out to Bob The Horse – a long lost steel rat and great contributor many years ago who decided to return to the old lair. Great timing Bob and good to have you back. Things are going to be wild this year and your experience and insights would be most valuable in our eternal quest for market domination.

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,

Strap On Your Helmets

I don’t know what exactly happened near 2050 but equities somehow hit an invisible about an hour ago. I sense a major disturbance in the force. Please make sure your seat belt and safety bar is securely fastened – we’re about to embark on a wild ride!

2015-01-13_spoos_volume_hole

Alright, I’m trying to keep up here but things are unfolding quickly. See how we breached yesterday’s highs briefly and then suddenly fell back and that fast. There is a tiny volume hole near 2020 and as you remember it demarks the bear from our current 40 handle shake out zone. Should we actually close the session below it then things could get out of hand here quickly overnight.

2015-01-13_spoos_update

Back in the box with you! By the time you read this we could however be near the 100-hour – this is highly contested tape. I’m still short the NQ via Thor and we were literally a few ticks from getting stopped out today. Crazy tape and anything may happen here and probably fast.

2015-01-13_EURJPY_correlation

That was one chart that looked a bit ominous to me all through today’s advance. Keep on eye on the EURJPY correlation for early hints of either bull or bear traps – and of course the Zero. Honestly I have no idea where this ends up but as of right now I’m out of today’s ES longs and still in my NQ shorts (again via Thor).

2015-01-13_gold_update

Gold update – you may remember that I was lucky there as well – our stop was below 1207. More precisely I had it at 1206.5 as I never put my stops at an even number. Which kept me in long positions since 1212 – thus far banking me 5R – it was 7R an hour or so ago but gold fell hard since then. My trailing stop is at 1233.5 and I have an inkling it’ll get touched today.

Two juicy setups await below the fold – please step into my 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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Cheers,

bu-monks-on-roller-coaster

 

 

Post FOMC Minutes Musings

I hate FOMC days as most of the sessions are boring as hell ahead of the widely anticipated afternoon FOMC minutes. Since quantitive easing began in earnest in December 2008 it has turned into a monthly ritual I frankly could do without. However that said – over the past few months we’re seeing a rather salient lack of volatility post any FOMC events. Which is great news if you ask me – the less Fed meddling the better.

2015-01-07_spoos_profile

If you watched this morning’s video (or were a Zero sub yesterday evening) then you know that I managed to grab a few long positions on the E-Mini near the 1990 mark (courtesy of our trusted Zero indicator). So far so good and I just moved my stop to break/even. However that doesn’t mean we’re out of the woods just yet – as a matter of fact it is right here where this first attempt of a counter rally either takes off like a rocket or meets its maker.

2015-01-07_SPX_update

See here the SPX hourly panel – we are still pinned below the 25-hour SMA and thus far it’s holding. We need to breach SPX 2030 pronto – the next hurdle after that would be 2050 but let’s see if we even get there.

2015-01-07_spoos_GBPJPY

What irks me a little is that several Forex correlations are not playing ball – just yet at least. Here’s the GBP/JPY and the EUR/JPY was pushing sideways as well. So pay attention here and watch the Zero for early signs of trouble.

2015-01-07_zero

Speaking of which – I couldn’t help noticing that the signal has gone completely flatline during the FOMC announcement. I don’t know but we ought to see a lot more participation here. A flat signal like this means pretty much anything could happen here at any time. And if VWAP gives way then down we go and I’ll most likely be stopped out today. But let’s see what happens here in the final hour – alea iacta est – it’s up to the tape now.

I actually found several exciting setups on the Forex side – two of them could turn into weekly campaigns (assuming they pan out). Please grab your secret decoder rings and meet 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.

Cheers,




    Zero Indicator


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