First The Ramp Then The Camp

This morning I mused that we may be heading into a sideways camp session following yesterday’s ramp off the lows. Seems like that’s just what we’re getting as today’s range thus far has been contained in about 10 handles.

2015-04-07_spoos_update

I mean how much boring can it get? IMO this either resolves higher by the Wednesday close or we’re probably in for more sideways fun. Nothing to do or to think about here – keep your stops wherever they may be and let’s move on…

2015-04-07_crude_update

Update on this morning’s most excellent crude entry. As you recall I went short first and was already set to flip for a long on stop out. Which I’m glad I had set as I wouldn’t have been able to flip quickly enough. This is starting to look pretty awesome and if it pops its head over the 100-day SMA we may have grabbed a perfect seat on a speeding bus.

2015-04-07_ZB_update

Update on bond campaign – what can I say, another PERFECT entry this morning. It’s a bummer so many of you guys are snoozing on those early morning entries. Same to me though – as the old saying goes: it’s lonely at the top (for a reason). If it keeps this up I’ll convert it to a daily campaign above the 100-hour SMA. Will keep you guys posted.

Yep, just a few days back from vacation and the mighty Mole is already trading the house down :-)

2015-04-07_USDCAD_setup

Possible setup on USD/CAD – I’m grabbing a long here. Let’s see if it wants to do another round in the hamster wheel.

More goodies below the fold:


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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.

2015-04-07_spoos_briefing

The spoos have held their ground overnight and if that hourly NLBL holds up until the open we may be primed for at least a ramp and camp session (the ramp having happened yesterday). Anyway, thus far it’s looking solid but at minimum we have to hold ES 2070 (the 25-day SMA)  moving forward. Failure to do so won’t squander the bullish potential here but we may remain trapped in a sideways formation. Not a great way to spend spring, especially after we already have remained range based for most of the year.

2015-04-07_USDJPY_update

Update on our USD/JPY campaign which is progressing quite nicely. I’m moving my stop to the 100-hour now as I’m converting it officially into a daily campaign. If it manages to breach the 25-day SMA it may have enough mojo for a rocket move higher.

Hello Major Tom – are you receiving??

2015-04-07_ZB_briefing

Bonds – looking good here and I’m attempting a small (1/2R) long with a stop below the recent spike low at 163.26.

2015-04-07_GBPUSD_briefing

GBP/USD – something grabbed my attention here this morning. It’s looking like it’s primed for a drop lower but IF (and only IF) it manages to bust above 1.491 I plan to take out a small (1/2R or less) long position.

More short term setups below the fold:


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Alright that should keep you guys busy. See you guys later this afternoon.

2015-04-07_wwa

Before I go I would like to present this year’s Wacky Weed Award to Ivan Krastins who just dropped by this morning and thus proved utter invincibility in the face of a category 5 typhoon or however they label their massive storms down under. Well done Ivan – we are glad you are well and hope you will bestow us with many more years of cryptic contributions ;-)

By the way – buy his book or something – he needs to rebuild is straw hut in Vanuatu and chase out the crabs. Or donate here to help rebuild the island.

Cheers,

Ring Side Seats To The Freak Show

If you’re still paying attention to the respective musings of Mrs. Yellen or Mr. Draghi then you only have yourself to blame. The verbal diarrhea coming out of both camps these days is not only recursively contradicting but also lacks any real meaning as every sentence uttered has been carefully vetted to feature relativizing adjectives galore. Ambiguity and sophism reigns the day, which means any attempts of interpretation or extraction of meaning are doomed to fail. So don’t bother – just fade the noise and ride the tape.

That’s right – it’s a club and we’re not invited. However as much as I love and miss George Carlin I disagree with being pessimistic. The game is rigged – so what? Trading has rarely ever been this directional and this easy. And riding the coat tails of the banksters has been pretty profitable over the years. When it comes to trading you better leave your political opinions and moral convictions at the front door – trade what you see and not what you want to see. You know who you are and if you haven’t learned your lesson by now then I cannot help you – but you’re welcome at the other side of my trades.

2015-02-25_NZDJPY_setup

Speaking of which – NZD/JPY is looking like a great long above that NLBL. You can sneak in early above the hourly near 89.83. top below 89 and Bob’s your uncle. This one has definite runner potential.

2015-02-25_ZF_setup

ZF futures – the 5-year treasury notes futures contract: long above 120’165 with a stop below 120’20 on the hourly panel. My evil plan is to play a breach of the 25-day SMA. FYI – this one is about to roll over so you probably want to grab ZFM5, the June contract. Wow – how time flies….

Two more goodies below the fold 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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