Wednesday 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.

2015-02-18_events

Great setups across the board this morning but before you go nuts be aware that we’ve got the FOMC minutes at 2:00pm EST today. So be sure to be out of any of these short term setups unless they have moved significantly in your favor. You have been warned.

2015-02-18_NQ_briefing

NQ – I don’t really think we have a setup here. Sideways range overnight and I don’t see it making any big moves before the announcement. But if you think otherwise then here’s a pretty solid inflection point at NQ 4387.

2015-02-18_USDJPY_briefing

USD/JPY – long here with a stop below 119.07.

2015-02-18_EURGBP_briefing

EUR/GBP – that’s my lottery ticket of the day. Long here 1/4R with a stop below this morning’s lows. FYI – this may as well fall off the plate – so if stopped out I may consider another lottery ticket to the downside (depending on velocity – not in sideways churn tape).

2015-02-18_ZB_briefing

ZB futures – I told you to watch this one and that’s exactly what I’m doing as well. No setup here yet but I’d be long above that stack of NLBLs. OR short right below it if it seems we’re not pushing higher. Yes, this one may take a bit of finesse but it has great potential either way IMO.

Seven 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 Setups Setups

Way too much chatter on this board and way too little hands on trading. Almost none of you are riding this higher due to either a) lack of effort b) propensity for mental masturbation or c) trying to make predictions. Seriously? After six years plus of Evil Speculator goodness I expect a lot more from you guys. So once again, let me show you how it’s done:

2015-02-12_spoos_update

The bulls are clearly back in charge here as we have crossed all bullish inflection points and are now squeezing the tape higher. What I like in particular here is that the upper 25-day BB is now starting to point up, which means there’s almost nothing but air above. Well, I said almost – there is a weekly NLBL at ES 2088.75 but we just sliced through the one at 2062.25 and may have enough velocity to push it over the edge. That said – tomorrow is the last session ahead of a three day weekend (PrezDay) – and I have an inkling we’ll park up here and leave any remaining bears to roast for a few days.

2015-02-12_UVOL

Bots clearly in buy mode – look how smooth the UVOL line is climbing today. The squeeze is on! Heck, I’m just glad we are finally outside that dreaded trading range we’ve been locked in for over a month. The human sacrifice I offered the other day seemed to have appeased Mrs. Market. Gold Gerb – thanks for taking one for the team – you will be missed.

2015-02-12_Thor_NQ

Boy, I almost didn’t catch this pig except for the ST longs on the ES I put on the other day. However Thor came to the rescue and the current campaign is about 0.75R away from its target.

2015-02-12_setups

I promised setups galore, so step right into the lair – we even have a VIP section. And what happens in the lair, stays in the lair!

2015-02-12_EURJPY_setup

EUR/JPY – long here with a stop below the 100-hour SMA. It’s still early in the game but there is a good chance that the 25-day SMA remains in place. 1/2R only – if she goes we probably get a runner.

2015-02-12_crude_setup

Crude – long above the 100-hour SMA with a stop below 50. 1/2R only – I do love the formation on the daily but we cannot exclude the potential for more monkey business as there are too many eyes on this symbol.


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.

Alright, that ought to keep you rats entertained for a while – have at it and hopefully I see a bit more participation in the comment section. The Mole deserves better!

Cheers,

Short Term Setups

I am running a little late this morning but there’s a lot going on, so let’s get to it. Equities are still near our inflection point but I just noticed that we have additional context courtesy of the weekly panel:

2015-02-11_spoos_briefing

Things are slowly coming into focus here and despite the recent gyrations we can rely on the following:

  1. We are obviously in a sideways range spanning 100 handles between inflection points near 2080 and 1980.
  2. Currently we are painting higher highs and higher lows, that is positive for the bulls.
  3. We have not seen clear rejection but things will have to proceed higher by the EOW.
  4. The weekly panel dons a NLBL at 2082.5 – if we close above that on Friday we’ll have ourselves a weekly buy signal.

2015-02-11_YM_briefing

The YM is offering pretty nice ST context this morning.  I’m already exposed but if you’re looking for entries you may want to use that cluster of NLBLs and be long above YM 17791.

2015-02-11_AUDCAD_briefing

AUD/CAD – long above the NLBL with a stop below 0.974 and change.

More 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!

Please login or subscribe here to see the remainder of this post.

Cheers,




    Zero Indicator


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