Quiet Friday 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.

2014-10-24_SPX

Quiet morning as we are in sideways mode right below the 100-day SMA on the SPX. My little put hedge near the 25-day was quickly resolved yesterday and today I decided to not mess with my ongoing long campaign. I think the odds here are very mixed and unless we push back toward the 100-day I would stay out of this until Monday.

2014-10-24_AUDUSD_briefing

Short term setups: The AUD/USD is looking interesting and if it manages to breach this diagonal resistance line I’ll be long with a stop below its 100-hour SMA.

2014-10-24_ZN_briefing

The 10-year bond futures actually painting a similar formation although here we would have to deal with the 100-hour SMA a few ticks above. Nevertheless I would try a long here on a pop above the diagonal – trigger and ISL on the chart. Otherwise it’s pretty quiet this morning – let’s see what the afternoon brings.

 

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Hurdles Ahead

We have come a long way in the past three sessions but the easy part of the journey is now nearing its end. For there are hurdles looming ahead plus I’m seeing some signature signs of short term shenanigans flashing all over the place. Let’s start with where we are right now:

2014-10-21_spoos_update

Quite a climb since that is and there’s probably room for a few more handles. But bear in mind that we are now facing a trifecta of previously tested moving averages – at least per my lens and more often than not they have been observed.

2014-10-21_NQ

On the NQ things are looking quite a bit more bullish – AAPL definitely had a thing or two to do with that. However daily resistance is right ahead and we’re about to smack into it. On the weekly panel we’re however above the 25-week SMA, so that’s pretty positive.

2014-10-21_UVOL

Today’s session looks like it’s been on cruise control – the Zero also suggests that the bots are driving this one higher.

2014-10-21_VXV_VIX

Quarterly volatility has eased off quite a bit along with the VIX and the ratio has been leading the advance in the past few sessions. All good and given that we’ve got more than a week of trading ahead of us it’s not impossible that the bulls may actually pull this off and close the month above the NLSL.

So much for the good news – now let’s talk about some of the concerns:


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Cheers,

Tuesday 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.

2014-09-23_spoos_briefing

Equities are on the verge of boarding the express bus to the 100-day SMA (I wrote ‘hour’ on the chart – I meant 100-day SMA). Look at both hourly BBs – the 25-hour is already on an downward course and the lower 100-hour is in the process of tilting lower. On the daily we have a NLSL which must be recovered promptly – preferably early in the session today. Watch the Zero for signs of divergences – the bulls are about to lose their asses a second time this month and unless they step in here we may see acceleration lower.

2014-09-23_DX_briefing

Plenty of fun scheduled on the Forex side today – here’s the DX futures apparently thinking about retesting the 100-hour. I am short here with a stop above the 100-hour – a pop above it (and a stop out) puts me into a long position as this may be a fake stab lower. Hard to tell right now but both sides are worth pursuing.

More Forex fun below the fold for my 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.

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

Cheers,




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    1. Quiet Friday Morning Briefing
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