One Chart Says It All

This is ridiculous – has everyone left already? Yes, I know – it’s Thanksgiving week, but I expected at least a reasonable amount of participation until the EOS today. However what I’m seeing on the UVOL/DVOL panel makes me want to pull down the blinds here at the lair and call it a week:

2014-11-25_UVOL

I really think this chart says it all – this level of participation is minuscule even at holiday week standards. I occasionally bitch at you for not showing up for work while the getting is good, but this is clearly the type of tape you want to ride out without giving it too much attention. So go and stuff your turkey – but be careful about pulling pertinent jokes as some people apparently were tragically born without a sense of humor.

2014-11-25_silver_update

Silver is actually playing ball right now – the subs hopefully caught this morning’s entry. But of course we can’t trust it just yet – plenty of opportunity for monkey business here, especially during this week. But let’s play along and see where she may lead. Odds are still high we get stopped out by an obligatory shake off. However, IF she actually takes off it’ll probably turn into a mad runner as the bus is very very empty down here. In that sense the benefit to risk ratio was high enough to justify an entry. In the end it’s all about context and of course timing.

Two 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,

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.


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,

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!

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,




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