Early Warning

I hate to burst everyone’s bearish bubble but unless we drop straight down in the next few minutes it looks like the bears are going to fumble this one – again. I just noticed a rather disturbing divergence on the hourly Zero. Wish I had seen it earlier but I’ve got a bunch of Spanish workers crawling all over the place as I’m getting high speed fiber installed in the lair today. Anyway, here it is:

2015-01-29_SPX_update

Lookie here – that divergence on the hourly panel is looking pretty ominous – very bad medicine. In addition flat participation suggests the bots are about to take over and the Mole reversal signals are failing. Let’s not be presumptuous but my point stands: a handle or two more and a push above 2010 and it’s all short squeeze into the close.

2015-01-29_spoos

And that would be extremely bad news as the implications may be a sideways correction like shown on the chart above. We’ll know more by the close, so let’s see what happens here in the final two hours.

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,

Late Monday Quickie

I really don’t have much to add to this morning’s musings. We got a little fake out at the open but equities have been holding the line and our ST campaign is in good shape. However we are still trading below the 2062 inflection point I established early last week – it needs to be conquered and that post haste.

2015-01-26_spoos_update

There’s a typo on the chart – I meant 2062 and we need to close above it – period. Until that happens the bears still have a sliver of a chance to take this dog lower. However, that said – I hate this tape and consider it high risk territory.

2015-01-26_zero

Once again participation (courtesy of the Zero indicator) is non-existent, suggesting this advance is driven by a few major players. I don’t wager to guess which way it’ll lead but what I do know is that intra-day volatility is here to stay with us for a while. Even if this resolves higher and paints new high there is no telling when we turn on a dime again and suddenly dive lower.

Just for the record – I am not talking my own book here. I’m actually long the ES from this morning and still long in my NQ Thor campaign, which I professed last week was emotionally difficult to enter but thus far seems to be paying off.

2015-01-26_soybean_oil_entry

Otherwise I want you to keep an eye on soybean oil – not because it’s delicious but because it’s at a LT inflection point and thus we are looking for opportunities for a snap higher. The best approach IMO is to look for ST entries and build ourselves up from there. I don’t see any right now but let’s put it on our watch list. A drop off the plate is of course a possibility but unfortunately I don’t see a good entry for that right now, perhaps if we correct higher for a LKGB first.

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,

Another Profitable Week

It’s been a profitable 2015 kick off and I’m going to make this a quick one as I’m ready to crack open a cold bottle of Hefeweizen and call it a week. Today’s short term campaign quickly found its maker as the 25-day SMA E-Mini apparently wasn’t yet ready for the plucking:

2015-01-09_spoos_update

Similarly my daily E-Mini campaign got stopped out near the 5R mark. I would have preferred to keep it in the running but that’s how it goes and now that we’re shaking out some of the late comers I’m sure we’ll get another juicy entry opportunity come next week. Actually the way this bounce is unfolding it may resolve either way – stay tuned on that front.

2015-01-09_gold_update

Gold was another entry this morning and I almost got stopped out –  woah, that was close. Fortunately I never put my stop at a round number and therefore I was spared a quick stop sweep and touch of the lower 25-hour BB. So the Mole is still in the running here and I’m pretty excited about this as it may just jump higher Sunday night or sometime Monday. If it does then I’ll convert it into a daily campaign – nothing but air above and with a bit of black market magic it may just turn into a runner.

2015-01-09_zero

Bonus chart: The Zero Lite really picked it like a runny nose today. Perfect divergence at the very bottom followed by a series of Mole reversal signals right at VWAP.

060112Bierhaus1wf

Alright – that’s all for now. I’m wishing you all an enjoyable and relaxing weekend. See you Monday morning. Prost!

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.




    Zero Indicator


    Darth Mole Alerts

  1. poll

    • What is your average spread on the EUR/USD?



      view results

      Loading ... Loading ...


  2. NinjaTrader
    Kinetick

    search warrant



  3. recent misdeeds

    1. Alea Iacta Est
    2. Early Warning
    3. The Last Bear Standing Is A Bull
    4. Wednesday Morning Briefing
    5. There Be No Butter In Hell
    6. Setup Tuesday!
    7. Late Monday Quickie
    8. Held Together By Duct Tape
    9. No Juice
    10. My New Best Friend