The Squeeze Is On!

And as we all suspected – the squeeze in equities is officially on. In a little over a session we went from dangling by a thread near lows to threatening a daily NLBL. Unfortunately it was not a setup we felt comfortable taking. The tell tale signs were there and we reported on them – in particular divergences on the NYSE volume ratios plus a monthly NLSL had been touched and reverted. However Fed announcements are times when I stand aside – I’ve been through this game in 2007/8 a few times and then swore to stick with the easy tape.

2014-12-18_spoos_briefing

I did try some lottery tickets near the very lows but unfortunately got stopped out on that last late day drop on Tuesday. Yes it sucks but that’s how it goes. And you know the saying by now: Better wishing to be in a trade than wishing to be out of one.

Look at that NLBL on the daily panel – if it can be conquered today then the bulls are in much better shape. Not out of the woods just yet but they’ll have a pretty good chance to at least fight their way toward 2050. Let’s see if we can get there.

2014-12-18_ZB_briefing

Opposite situation on the bond side and it’s quite possible we’ll slide off the plate here. That hourly Bollinger is clearly threatened and if we don’t see green here soon then momentum will start kicking in.

2014-12-18_DX_briefing

The Dollar is scraping new highs – no setup here but it’s pure chart p0rn for this lowly expat :-)

2014-12-18_crude_briefing

I did however get to keep my crude longs. Of course those haven’t budged very much – just my luck ;-)

But they are still looking in good shape and I have now moved my stop to the break/even spot near 56.


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

Cheers,

Forex 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.

2014-12-10_spoos_briefing

I’m highly skeptical about equities this morning – it looks a lot like it’s about to drop lower. Which is exactly why I am taking 1/2R long here near the 25-hour SMA. Emotions are a great indicator that the tape is affecting your judgment. Best to fade it and technically this is worth 1/2R.

2014-12-10_AUDNZD_briefing

Plus we have a TON of other markets to get busy in this morning, especially on the Forex side. AUD/NZD – I’m long here with a stop below 1.077. Why so low? Because it has a recent history of shaking out early entries and then run off the opposite direction.

2014-12-10_gold_briefing

Gold – waiting for a long entry here above the NLBL at 1235.6. My stop would be below the recent low at 1225.

Quite a bit more waiting below the fold – please join me in the lair:


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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,

Quark’s Busy Wednesday

Courtesy of a raging Dollar (tee-heee!) we’re going to have a very busy morning. So get off fartbook or whatever attention whoring social media sinkhole you’re wasting valuable daylight in, and let’s focus on all those juicy setups that the mighty Mole continues to extract from Mrs. Market.

quark_1474470i

For she’s a raving bitch, but if you know how to sweet talk her and play by the rules she’ll let you run your little schemes behind the curtain. Think Quark on Deep Space Nine – now that’s a smile only a mother can love.

2014-12-03_spoos_briefing

Equities are coiled up and ready to roll, should they choose to do so. The mojo here leaves a lot to be desired and I’m operating with utmost caution. However, given this current candle holds I’m tempted to add another 1/2 R with a stop below those converging SMAs (i.e. ES 2063). If this sucker finally gets going it’ll be a sight to behold. If not then we’re looking at a another leg down – be prepared.

2014-12-03_CL_briefing

Crude – trying to make up its mind – down we go or is it going to be a reversal? Yes m’am! I’m in either way and although I’m short right now Quark assures me that my long entries are waiting near 68.4.

2014-12-03_USDCAD_briefing

USD/CAD – I’m long here as soon as it closes an hourly above 1.14. Stop below a rising 100-hour SMA. Not the worst setup you can take…

But wait there’s more – 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.

2014-12-03_events

By the way, be cautious around 10:00am Eastern as we’re getting the new ISM Non-Manufacturing purchasing managers index (PMI) numbers – always good for a few shake out gyrations.

Today’s Ferengi rule of acquisition:

quark_tiny

Nothing is more important than your health … except for your money.

This ought to keep you rats busy for a while. See you later this afternoon.

Cheers,




    Zero Indicator


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