Wrapping Up The Month

As usual October has been a pretty capricious month and there wasn’t a dry eye left in the house. Tomorrow will be its last trading session but since Sunday is Halloween I don’t expect much activity. So let’s take a quick look at where we are on some of the most salient charts:


The most ominous chart right now must be the Euro. We finished September near the lower Bollinger and it looks like we will be doing so again. What’s worse most likely it will be a shooting star and a drop below 1.25 may actually lead us toward the 1.2 mark. Frankly that was on my Christmas list last year and it’s about time Santa delivers! For the noobs – I’m a U.S. expat living in Europe – you do the math.


Pretty much the inverse situation in equities. This is one of the longest hammer candles I can remember (only challenged by the July 2011 candle) and it has reversed a whole cluster of Net-Line Sell Levels (NLSL). Very very positive and we may be scraping new highs by the end of the year.


A quick peek at the daily and weekly panels. Nice formation here on the daily (left) side and although we are overdue for a little correction I think we may close the week above the NLBL I highlighted. That would be our first weekly buy signal in a while. With a bit of luck, effort, and some scotch tape we may be ready to roll into Santa season. Frankly a little shake out beforehand would actually be healthy and shake out some of the late comers.

But the best chart today I will have to reserve for my intrepid subs – we are most likely near one of the best monthly buying opportunities of the year:

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Bonus Chart:


Nice bearish divergence today on the Zero Light.


Getting Paid On Thursday

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.


Equities have dropped a little lower overnight and we’re now testing the 100-hour SMA. If I wasn’t long already in my ongoing campaign I would be here with a stop below ~1958. If supports fails then the next probable scenario is a visit of the lower 100-hour BB which coincides with NLSL at 1944.5.


Here’s another view at the scenario on the hourly panel – the onus is now on the bulls to keep up the pace or we run the risk of a little correction.


Platinum was one of our short setups from last night and it’s been very favorable so far. Time to move your stop to b/e and to take 50% off the table.


Silver was the second one and here I’m moving my stop to 1.2R and also take 50% off the table. After such a drop odds are we’re going to see a little counter response.


My only setup this morning so I’ll throw it out for free – AUD/NZD. Possible buy here at the NLSL with a stop pretty nearby below 1.124 (the rising SMA). Time for this one to get a move on, so I’ll give it three candles or so and if she doesn’t budge I’m out.

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don’t waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.


Strike The Iron While It’s Hot

The thundering silence in the comment section tells me one thing: The vast majority of you guys missed out on this beauty of a short squeeze. Not that I’m surprised and I’m not here to rub in it. But I am here to make sure you won’t forget or tell yourself that nobody could have seen this one coming. My message stands as it has over and over in the past few years:

Ignore the noise – fade the hype - forget the news. Just show up to work when it’s time to strike the iron. You don’t have to be smart, white, black, tall, beautiful, muscular, flexible, or particularly charming (but it helps). All you need to do is to press the damn button when it’s blinking. And guess what, early morning on October 20th it was flashing like a strobe light at the Pacha.


That was then.


And this is now.

Trading is not an endeavor for thrill seekers. It’s what everyone wants you to think of course – the exciting life of the hot shot market mangler. This is what they’re selling you:


And this is the reality:


Alright, it’s a bit more exciting than that but not by much. All you have to do is to show up for work when I tell you the getting is good. And perhaps – juuuust perhaps – next time you’ll listen?


Yes, tomorrow is FOMC day and who knows what’ll happen. I don’t get those phone calls. Do I worry about it? Nope – I banked my coin already and my stop is set at a respectable distance. Could. Not. Care. Less. And that’s how I roll – the easy way. If you want excitement, conspiracy theories, and your daily dose of drama point your browser to ZeroEdge. You’ll get that and a heaping serving of inane commentary.

You think this market is boring? I tell you what is boring. Handing out $100 bills on street corners and for some reason nobody wants them. Gets old quick. You guys should be working your asses off. But who am I – just a lowly market mole. What do I know? Not much, but hey – apparently it’s working.

FWIW – this campaign is just getting warmed up – if I have my way I’ll ride this bronco into the New Year. That’s right – this year the Mole is eating turkey for X-Mas!

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don’t waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.


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    1. Happy Halloween!
    2. Wrapping Up The Month
    3. Getting Paid On Thursday
    4. RIPQE
    5. Strike The Iron While It’s Hot
    6. Don’t Be Afraid Of The Boogeyman
    7. Kitchen Sink Monday
    8. Quiet Friday Morning Briefing
    9. Thursday Morning Briefing
    10. Muppet Time!