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.

2014-11-05_spoos_briefing

I am long 1/2R at 2015 with an ISL at 2008.5. Half an R only because I’m still holding long positions since 1872. The odds are mixed here but if it finally detaches I expect a ramp.

2014-11-05_crude_briefing

Crude – gorgeous entry this morning and I’m long right here with a stop below 76.63.


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

Cheers,

Monday 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.

2014-11-03_gold_briefing

Gold is attempting to turn the tide on its hourly panel right now and although it’s a very speculative play I’ll throw in 1/2 R with a stop below 1.168 (a bit lower than what’s on the chart – changed my mind). Again, low probability setup but high pay off it it pans out.

2014-11-03_Dollar_briefing

The dollar continues to climb and I’m long as soon as I see a close above the NLBL at 87.3. My stop will be placed below the 25-hour SMA which is currently hovering around 87.129.

More below the fold – 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!

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

Cheers,

Last Chance For The Bears

I’m going to have to be short and to the point today as I’ve worked all weekend to get Thor and FractalMonger out the door. Plus I have important other business to attend to and I’m literally squeezing this one in before running out the door.

2014-10-06_spoos_udpate

But things are actually crystal clear up here and all you need to know starting right now is the following number:

ES 1950.

Yup, that’s pretty much it – the 100-hour SMA runs through there and we just retested it. Above it the bears are toast and chances are they’re going to squeeze this thing higher. Below it we may get the chance to enjoy a most delicious Last Kiss Goodbye (LKGB) setup. I am crossing my fingers that it’ll be that scenario but who are we kidding – how often in the past five years have the bears been able to hit the ball out of the park? eXactly…

2014-10-06_VIX_update

What’s curious is that we’re seeing a slightly elevated VIX right now. Is this supposed to be some cheap bear trap? Doesn’t make much sense to me and I checked the VXV:VIX and VIX:VXO ratios – nothing suspicious there – all in line with today’s gyrations. Obviously they’re going to make this difficult here and Scott was right when he mentioned that this may be the sweetest opportunity they bears have had in a while. Whether or not they can live up to the challenge is another story. In any case – the 100-hour SMA will be our guide – simple and that’s how we like it.

2014-10-06_EURUSD_update

The EUR/USD has been on a tear today which isn’t really surprising given how oversold it’s been. Outside of both the weekly and monthly BBs – the stop watch was literally ticking. Now this is a good start but I need to see more follow through, otherwise we could easily see a LKGB here before hitting 1.2.

Two setups below the fold for my intrepid subs:


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

That’s all I got time for today – see you guys tomorrow. And if you haven’t yet – sign up for FractalMole and/or Thor – both are still free right now.

Cheers,




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