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.

2015-01-28_spoos_briefing

I’m grabbing a short if the spoos touch 2040 and change – stop above 2045. Low odds of a slide but big payoff. On stop out I’d flip for a long with a stop below 2040. A direction will most likely present itself here before the week is over, this thing is coiled up to the max and ready to jump.

2015-01-28_GBPUSD_briefing

Cable – long with a stop below the 25-hour SMA. Only 1/2R as it’s early in this push and one must be ready for a little shake out. Could have legs though.

2015-01-28_crude_briefing

Definitely experimental long on crude – I should have my head checked but this ST formation does look pretty good to me. 1/2R only here – entered right here with a stop below 45.

A few more ST setups below the fold:


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2015-01-28_events

Plenty of event risk later this afternoon but we should be okay for the next five and a half hours.

Happy hunting!

Setup Tuesday!

We’ve been through some nasty tape over the past week but I have an inkling that’s about to change. Things are slowly coming into focus and it’s probably not accidental that we’ve got setups crawling out of the woodwork this morning. So it’s going to be a busy morning – grab a cup of coffee or your favorite tea, roll up your sleeves, and be ready to pull that trigger!

2015-01-27_spoos_briefing

Quick update on the spoos – up/down/up/down – I think I’m getting sea sick. Whether or not this is yet another berar trap is beyond me but what I do know is that 2062 remains unchallenged thus far. I know I’ve been sounding like a broken record over the past week or two but this market is NOT healthy. Be on your guard!

I’m going to be short here below 2040 – long above the NLBL at 2047.75 – in between it’s a coin toss.

2015-01-27_GBPJPY_briefing

Okay, setups setups – we got aplenty. GBP/JPY – long here with a stop below 177.8.

2015-01-27_AUDCAD_briefing

AUD/CAD – long here with a stop below 0.9882.

2015-01-27_cotton_briefing

Let’s not skimp on the futures either – I’m long cotton with a stop below 58.

But we’re just getting warmed up – please join 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.

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

Cheers,

Swiss Only Learn The Hard Way

If you just woke up and found your Forex account in flames then let me give you the skinny. The Swiss National Bank finally realized the errors of their currency pegging ways and decided to suddenly throw in the towel. Which of course triggered a massive dislocation across Forex markets as the Swiss Franc surged by 30pc. As I’m typing this the Swiss stock exchange is a sea of red dropping as much as 14%. Well done!

swiss_idiot

Now when I was a young kid traveling in Europe a Swiss train conductor kicked me out of the train in the middle of nowhere somewhere in the hinterlands of rural Italy because I couldn’t afford a pass for the sleep wagons (there were only sleep wagons on that train). Since that day I can’t stand the Swiss and for good reason. They are stubborn as heck and they only learn the hard way. And that’s coming from someone who actually went to Kindergarten there! I hope the SMI gets cut in half you cow tipping alphorn blowing wankers.

2015-01-15_EURUSD_briefing

So let’s observe the damage. Here’s the EUR/USD – dropped toward 1.15 and has recovered a bit of that first wipeout. Word has it that the Swiss will now have to sell a ton of Euros (at massive losses) and that probably means more downside on that front.

2015-01-15_EURCHF_briefing

Is that an ugly chart or what? EUR/CHF – back from whence we came back in 2011 when they screwed with everyone the first time around.

2015-01-15_dollar_briefing

Dollar got kicked in the head and then in the balls. I don’t recommend you pick any direction here at this point – let it settle down.

2015-01-15_spoos_briefing

U.S. equities rather tranquil in comparison. But look at all that volatility over the past few sessions. So far that support cluster appears to be holding however – the onus is now on the bears to take it lower. Today. If they can’t drag this sucker lower on a day like this they’re toast (again).

2015-01-15_gold_briefing

Gold update – jumped higher as should be expected. My entry at 2012 is starting to look solid now.

2015-01-15_crude_briefing

Crude is taking advantage of all the confusion and is trying to make a run for it – the 50 mark is in its sights. This would be a long/buy if it breaks the daily NLBL.

A few juicy setups below the fold – 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.

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

Cheers,




    Zero Indicator


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