Churn Baby Churn

Not much to report tonight – I’ve been coding all day but have monitored the whipsaw on the equities side. Nasty little fake out there near the open and so far it just looks like more churn baby churn. As you (subs) recall I’m short the NQ and haven’t touched that position except that I moved my stop a little bit higher when I saw a developing divergence on the Zero:

Right when it happened I drew that diagonal and I hope it kept you guys from dipping into longs there. I still only give the bears a snowball’s chance in hell as buyers seem to be omnipresent and willing to accumulate on every dip lower. So let’s reserve judgment for now as it’s really impossible to draw any conclusions in this mess of all messes. Best we can do is to grab positions when the getting is good. Not taking it up the rectum in this furball of a tape has taken quite a lot of energy but so far I think I’ve done a fair job steering you through the traps. Hope my streak continues 😉

Super quick updates: Soybeans is starting to look very juicy, natgas almost stopped me out by a tick, got very lucky there but also now good to go. Cable is jumping higher and all other positions still looking good – so far it’s been a very profitable session.

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,