Sell Off Thursday Wrap Up

Enjoy a re-run of today’s E-Mini session exhibiting participation as measured by our Zero indicator. On the left side is the hourly panel and the Zero Lite runs on the right via the 5-min panel. Swing traders and scalpers are encouraged to watch the 5-min panel for early clues – in particular price/signal divergences and lack of participation as expressed by a flat signal. If you like what you see then may want to watch some earlier ones – you will find plenty of examples of what to look out for and how to avoid common traps when trading the E-Mini. Plus you may enjoy the tunes ;-)

Today’s session was a brilliant example of how to read participation and divergences. Watch and weep – and perhaps learn how to play the spoos Zero style. Enjoy!

The future is now – so don’t bring a knife to a raygun fight. If you are interested in becoming a Zero subscriber then don’t waste time and sign up here. A Zero subscription comes with full access to all Gold posts, so you actually get double the bang for your buck.

Cheers,

Happy Independence Day

Given the way this session is playing out I’m rather pleased with myself for having cashed out of equities yesterday. It’s been a rather turbulent week and we can expect more volatility starting Sunday night when the preliminary results of the Greek referendum are starting to hit the headlines. There’s a lot of noise on how this is going to play out and I suggest you ignore it all and simply enjoy a few restful days. I hope the weather plays in your favor wherever you live.

independence_day

As always during long holiday weekends I plan to actually get a bit of work done. Scalpius has taken up a lot of my attention lately and I still have a bit of code to write for my new LAMM signal service. I frankly don’t mind though – summers here in Spain are pretty miserable (hot + 80%+ humidity). I’ll leave the beaches to the Northern barbarians and instead will enjoy a few good classic movies with the A/C cranked up to the max. We’re thinking Independence Day, Ghostbusters, followed by Once Upon The Time In The West. Aaah…. simple pleasures.

Here’s me wishing all you American rats a wonderful Independence Day weekend. To all Europeans, Asians and Ozzies: Back to work you damn slackers! To all Brits: Suck it you limey bastards! ;-)

Final pointer: Should you find some huge alien craft hovering above your city then you may want to consider taking a express trip to the country. See ya all next week..

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.

Cheers,

Gravity Outlook Stable

The Fed admits to the economy still sucking balls – it’s only been eight years guys, what did you expect. And in other more cheerful news the sky is expected to remain blue until further notice. The long term outlook on gravity also is positive. Yah, thanks – tell me something I don’t know.

So if you’re still a bear listen to me now and listen to me very carefully: Stock up on more vaseline as you will need large quantities of it should you continue attempting to short equities. Unless you have less than three brain cells to rub together it’s rather simple to understand how this is going to play out.

This entire QE game and the global currency race to the bottom has now devolved into the following script::

  • The Fed will continue to pretend that it wants to hike rates.
  • However, and here comes the trick, an actual hike is made dependent on the economic data.
  • We all know the economy will continue to suck. It has sucked since 2008 and the U.S. doesn’t make jack anymore, plus you can only sell so many yoga apps on iTunes. And the marijuana market is getting crowded.
  • Ergo – the Fed gets to postpone until further notice or if by some miracle one of two things happen:
    • The economy actually improves. Good luck with that.
    • They manage to get better at cooking the books. Possible.

Let’s face it – the Fed is incapable of hiking rates, at least during this decade. As soon as they do the Dollar is going to explode and they are barely able to contain it as it is. Which in turn would completely eviscerate the U.S. economy and perhaps even crash equities markets worldwide. If you think you want to see this happen, think again.

2015-06-17_spoos_update

So we did a pretty good thing yesterday morning getting exposed long near 2070 – and if I say ‘we’ then I mean Skynard, a few other hardcore rats, and yours truly. Which is probably the total of all retail rats out there holding long positions – I bet you someone else’s money a ton of people went short and are probably still holding. SuCKers.

Alright – there’s no predicting what’ll happen next but I’m going to move my stop up to today’s big FU spike low near ES 2078. Then I’m going to grab a glass of good Spanish Rioja and watch the ensuing squeeze whilst practicing my evil laugh.

If you want to tag along here’s a training video – feel free to post your own.

See you guys tomorrow ;-)

The future is now – so don’t bring a knife to a raygun fight. If you are interested in becoming a Zero subscriber then don’t waste time and sign up here. A Zero subscription comes with full access to all Gold posts, so you actually get double the bang for your buck.

Cheers,




    Zero Indicator


    Darth Mole Alerts

  1. poll

    • How many discretionary trades to you place per month?



      view results

      Loading ... Loading ...


  2. NinjaTrader
    Kinetick

    search warrant



  3. recent misdeeds

    1. Thursday Road Map
    2. Volatility Wave Surfing
    3. Dangling By A Thread
    4. Paying Attention Pays Off
    5. Sell Off Thursday Wrap Up
    6. Pay Attention Now
    7. Setups Setups Setups!
    8. I’m Your Huckleberry
    9. Who’s The Sucker?
    10. Mind Hacking