Eking Out Some Profits

It’s been some turbulent pre- and then post-holiday tape; but by courtesy of our policy of fading the noise and by choosing our victims carefully we have been able to eke out some profits. Once again I’m seeing a lack of participation in the comment section which suggests that many of you are missing out on ill gotten gains.

TechnoViking

That’s unacceptable for any self respecting steel rat. Don’t make me call the Techno Viking! He’ll sort you out!

2014-12-02_spoos_update

That was some prime rib AAA entry on the spoos this morning. It’s still early to tell if it’ll hold but if you’re in this one then I suggest you hold it, assuming that we close above the 100-hour SMA today.

2014-12-02_AUDNZD_update

AUD/NZD was one of our setups for the subs yesterday. We ventured into this one as the weekly was scraping a pretty established diagonal plus it had peeked outside its lower 100-day Bollinger. Almost a picture perfect entry there near the close of the session and thus far we’re good about 1/2R (since we only played 1/2R). I suggest you move your stop to break/even now.

2014-12-02_EURUSD_setup

The Forex side is bestowing us with two kick ass setups today which both have weekly implications. I can’t believe I’m throwing this one to the wolfs but nobody seems to be trading anyway. Anyway, I’m long here with a stop below 1.2355 BUT what I really want to see is a breach of that mark which may lead us into a slide lower. So this is the play – long right here and anything below the green line is bearish territory.


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Bonus Chart:

2014-12-02_zero

The Zero has been producing very nice Mole scalp signals today. However note that the signal range on the Zero Lite today is very small (i.e. < 0.5) – so we are NOT out of the woods just yet here. I think the close will be important which is why it’s a condition of holding on to today’s ST longs.

That’s it for today – now get to work steel rats!

Cheers,

Kitchen Sink Monday

Folks, roll up your sleeves, grab your favorite morning beverage, and prepare to get busy. For whatever reason the market is throwing everything but the kitchen sink at us this morning. Let’s review the equities side first and then dive right in. Ready – set – go!

2014-10-27_spoos_overview

Things are looking good here – the last hurdle here remains to be the 100-day SMA and if it can be breached this week then I see little in the way of taking out that weekly NLBL on the right panel. If you’re wondering, yes I’m still holding those long positions.

2014-10-27_spoos_hourly

What I really like on the hourly panel is the 25-hour which is clearly being observed. There was an attempt to breach it but it failed right at the lower 25-hour BB. We are now starting to accumulate ST context below and that’s positive.

2014-10-27_EURGBP_briefing

Okay, on to the setups. EUR/GBP – I’m long here with a stop right below the diagonal (0.786). If stopped out I’m already set to be short with a stop above 0.788. Love this one.

2014-10-27_DX_briefing

The Dollar is approaching a convergence point between the 25-hour and 100-hour. I have to be long here until being stopped out at 85.5. Given the onslaught of excellent setups today I would not be short after that as I think there are better opportunities.

More below the fold – please meet me in the lair:


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Looks like this is going to be a fun week. Shake And Bake!!

Cheers,

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

Cheers,




    Zero Indicator


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