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Enjoy The Silence
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Enjoy The Silence

by The MoleFebruary 17, 2017

I must be among a small handful of clueless contemporaries who had been blissfully unaware of the existence of the Youtube blogger PewDiePie, a Swedish millenial who apparently amassed over 50 Million subscribers and raked in over $7 Million a year in ad revenues. My first thought was that I must be doing something horribly wrong or that I may be in the wrong business. So just as I was getting all oiled up to deliver my first shirtless videocast I became aware of what all the hubbub had been about and thus quickly changed my mind.

Namely that the kid had apparently dropped some lame anti-semitic jokes over the past few weeks, shortly after which of course his corporate sponsors (primarily YHOO) recoiled in horror and then proceeded to pull his ongoing contracts. Now as I’m German by birth I’m not even going to touch this one with a ten foot pole. Besides the point of all this is not PewDiePie or the blogging racket in general. Frankly I couldn’t give a rat’s rectum about the kid as I simply do not see the value in following the mental masturbations of some Swedish millenial with the collective life experience of a housefly. Maybe if you’re 16 and female I can understand the attraction but this old dog is much better off coiling up next to a fire with a good book.

The big lesson learned for me once again however is that drama, sensationalism, and clickbait have become the modus operandi of our time. It’s all around us at every waking moment. All it takes for you to see it is to simply watch the people around you. I challenge you to find a person under 20 who manages to not look at his/her mobile phone for more than ten minutes at max. It’s become a collective addiction and the problem are not the devices in itself but the instant access to a constant flood of ephemeral and completely useless information. Much of it is cleverly packaged as news but more often than not the masks have long come off, as the name of the game now appears to be to create as much controversy as possible in order to generate the maximum impact on social media and related channels.

What is lost in the process apparently are any sense of decorum, integrity, or moral values. Everything goes and nothing matters. And of course despite all rumors to the contrary personal privacy has long been abandoned in favor or attention whoring and virtue signaling. I sometimes feel blessed that I was born into a time when you still could grow up as a kid hearing yourself think. When you were still given sufficient time and opportunity to mature and perhaps develop what was once was cherished as common sense and analytical thinking. The constant hunt for controversy has now created a popular culture in which pushing the envelope and rising above the noise has not only become an art form, but is increasingly hailed as the pinnacle of personal expression and social advancement. And nothing could be further from the truth quite frankly. It’s a mess out there and apparently everyone’s angry as hell about issues we supposedly solved several generations ago.

There is a lot more I could add to this but as this is a trading blog I will leave you with a few words worth consideration in the context of your daily existence as traders as well as human beings. Do you really believe that all this drama is how functioning societies and economies are created and maintained? Does it actually benefit or enrich you on a personal level? Or is it perhaps nothing more than a constant daily onslaught of mental junk that distracts you from many of the crucial global issues we are in the process of facing head-on over the course of the coming decades? Ask yourself this: How much time have I spent on social media over the past year? 100 hours? 1000 hours? Perhaps more? Wouldn’t all this time be better spent learning a language, reading a book, attending a seminar, working out, or meditating? Are you doing yourself a favor by feeding that inner beast that only seems to be growing with each additional controversy and crisis?

Enjoy The Silence

Perhaps take a few minutes this weekend to meditate on these questions and whether or not you may have become addicted to a constant trickle of drama. It’s not officially considered a cognitive bias but if nothing else it’s distracting as fuck and as such should be avoided in order to free up mental processing power to maintain mental discipline, a sense of inner peace, and of course to devote more time to proper trading activities. If you find yourself in the enviable position of being idle, resist the temptation and perhaps simply do what we used to do back in my days: Enjoy the silence.

2017-02-17_spoos_update

Alright we have only our E-Mini in the running right now which seems to be holding that 100-hour SMA at least for now. Our trailing stop is a few handles below and I consider it well placed, especially given that we’re at least 4R in the plus already and may be adding a few more if dip buyers can be tempted here. Always remember the trend is your friend until it the end when it bends 😉

2017-02-17_corn_stop_out

Corn was unceremoniously stopped out at around 1R in profits. Bummer but we grabbed a bit of coin in what has been a volatile period for the grains in general. Can we ask for more? Yes we can but we probably won’t get it.

2017-02-17_USDJPY_stop_out

USD/JPY is also out and over – my stop was touched at break/even. What happens moving forward remains to be seen – I would not touch this one in the foreseeable future, at least not until it has managed to touch its 100-day SMA.

2017-02-17_EURUSD

EUR/USD is a very small long position for me here and as you all I know I hate to take it. The chart is however rather clear about the potential of a short squeeze.

2017-02-17_MDT

We do have a few stock symbols as well today. MDT may be a long next week if it manages to drop back down for a retest of about 76.50. There is a case to be made for a quick short position right here as it’s touching its 100-week SMA as well as its 25-month SMA (not shown on the chart).

2017-02-17_MDT_financhill

Seasonality courtesy of Financhill – click on the chart or here to look at a dynamic chart plus some juicy stats. As you can see the next few weeks are ambiguous which is another reason why I’m putting this on my watch list for now.

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About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.
  • Mark Shinnick

    Short miners

  • Mark Shinnick

    Nearing second objective.

  • ridingwaves

    awesome post Mole! So true but so sad….
    How did that twit make 7 million, what the heck….I’m doing something wrong

    if we get a Gamma ray burst lighter than the Carrington event, it would turn the world upside down….one week without smartphones will bring the 2nd amendment into full view…..it will be good to have some lead in that event….

  • http://greenlander1.blogspot.com/ Greenlander

    Short SPY for 1 mo swing trade. Target 227-229

  • http://greenlander1.blogspot.com/ Greenlander

    Really like the long Euro trade. Have a small position and may add EOD

  • Yoda

    Generation Z should be renamed Generation Borg

  • http://greenlander1.blogspot.com/ Greenlander

    IWM neg divergence. Also the index that’s struggling out of the four https://uploads.disquscdn.com/images/76f8fb49b47de9fff72425492b245c187d050ea59b8a164827123b03ae33158c.png

  • StockTalker

    Bear move coming.

  • StockTalker

    Generation WORTHLESS

  • http://greenlander1.blogspot.com/ Greenlander

    Added GDX short, IWM (small) short

  • ridingwaves

    that is a wide paint brush there…..some smart young kids out there….

  • Mark Shinnick

    Objectives reached, standing aside.

  • BobbyLow

    You could be right but I think that has been said about every generation including my own and I go back quite away. :)

  • http://greenlander1.blogspot.com/ Greenlander

    That’s what the previous generation said about mine Gen X

  • http://greenlander1.blogspot.com/ Greenlander

    Ha just said the same thing lol

  • StockTalker

    Have 2 businesses and can not keep those kids at work they either end up in jail or are on drugs and never learned to be responsible. Not wide at all. Every generation before me always worked hard and earned what they have, these kids expect everything handed to them on a silver platter.

  • ridingwaves

    if we stay red thru end of day, I could see Tuesday turning deeper red especially if down early with everyone stewing/pondering about locking in insane profits over the 3 day weekend

  • ridingwaves

    your painting very wide, I have 3 kids next store to me that just graduated some top schools and are changing the world…..

    maybe you don’t pay them enough?

  • Tomcat

    Completely forgot about the president’s day…

  • StockTalker

    Your talking about the 5%er’s, they can’t stop looking at those FN phones.

  • http://greenlander1.blogspot.com/ Greenlander

    I have no idea what businesses you have but I have always liked to find someone very smart and work them very hard but also pay them well and train them a lot. Has worked for me

  • StockTalker

    Exactly, they were taught it somehow

  • http://greenlander1.blogspot.com/ Greenlander

    That said I was a bit of a hooligan when I was a teenager

  • BobbyLow

    When I was a kid Rock and Roll was just coming into play and parents were complaining to radio stations about the type of music being played. We had kids with black leather jackets who looked menacing. Elvis couldn’t be filmed from the waist down on the Ed Sullivan Show. Kids began to look at shit a different way and began to realize that real life wasn’t like how it was portrayed on the TV show “Leave it to Beaver”. :)

  • http://greenlander1.blogspot.com/ Greenlander

    Also when you got shit employees, talking the combo of bad effort, not smart, and just bad intentions, I have always tried to cut them loose. Some ppl are not trainable whereas maybe if they have just one of the qualities you have a chance.

  • BobbyLow

    Me too.

  • ridingwaves

    My great grandpa was the guy wearing coon skin hat in the wild ones movie in reality, so many folks in hollister remember him driving around town with that hat and his motorcycle they added him in the movie…..true story….

    he was a rebel Navy Seebee…….

  • Mark Shinnick

    After reflecting on that blog, reminds me that nothing else but usually some reality catastrophe needs to hit. By Kondratieff, we are overdue for a big correction. Short miners again.

  • Edd

    Nicely done Mark

  • Mark Shinnick

    Lets stay puckered about the $.

  • Mark Shinnick

    No expected mojo left in miners, standing aside.

  • ridingwaves

    and soon Tuesday will be gone in the wind
    https://www.youtube.com/watch?v=iFNbTdLfBwQ

  • Mark Shinnick

    BTW, Gold looks to be about at its mean over the past 10 years.

  • Yoda

    Are they Asians by chance?

  • Yoda

    Sounds like you live in Detroit or Chicago

  • Yoda

    on a Friday? I bet they just park the tape at VWAP at EOD, and screw everybody’s trade over the long WE.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Ronebadger
  • Mark Shinnick

    Short miners.

  • http://evilspeculator.com Sir Mole III
  • ridingwaves

    yes, Chinese Americans…

    doesn’t matter, as BL states above every generation is labeled and then the label falls after it gets wet…

  • http://evilspeculator.com Sir Mole III

    It sounds like he’s short miners 😉

  • http://evilspeculator.com Sir Mole III

    Oh-oooohh….

  • http://evilspeculator.com Sir Mole III

    He runs a brothel.

  • Yoda

    Ha!

  • Mark Shinnick

    Yeah…we’re in this short term flag of downside miners but getting so little mojo….could be another sleeper period to then suddenly complete the pattern begun this morning.

  • BobbyLow

    Chuckle chuckle. :)

  • BobbyLow

    I’m getting close to joining you but need just a little more MOMO before I do. I’ll take another look after the 3 day weekend.

  • Ronebadger

    Can’t draw a straight line, but there’s some 1 hour triangles … meaningful? https://uploads.disquscdn.com/images/7a2bfba4d8ff7f041c48d0875e793a0b7283e90a3c59a1c6dd44fa4d60f7a4e3.jpg

  • Mark Shinnick

    Well…we now have a GLD break of local support.

  • ridingwaves

    I would enter very gently if you do, metals have an upside long term cycle model pointing north and it’s slightly behind the curve, looks like they are pushing miners around but not enough to be bearish…
    disclosure long from long ago…

  • ridingwaves

    Speaking of MDT
    ridingwaves Tomcat a month ago
    an AGN move down to 210 or bit lower would create a beautiful cup and handle on daily….GILD is not a bad option here either, looks like a triple bottom if their is such a thing….
    MDT might be nearing a bottom also and it pays 3% yield….my buddy works for competitor and thinks it’s attractive here….PMO has turned bullish…

  • Mark Shinnick

    That’s an excellent point, this is all just technical trading going on right now…..except just maybe relating to sleeper $ strength but who the hell knows.

  • Mark Shinnick

    Nearing next objective…..but could be a launch out into another range too.

  • Mark Shinnick

    Ok, hit the objective, out for time being.

  • Tomcat

    Well done sir.

  • Tomcat

    This is bear story….from 1996 wow:
    (Copper’s rally after years of losses is ominous for U.S. stocks, according to Albert Edwards, a global strategist at Societe Generale SA. He highlighted the link between the metal’s price and the S&P 500 Index since 2011 in a report, published Thursday. Rising prices for copper and other industrial metals reflect traditional moves “that occur towards the end of the economic cycle,” wrote Edwards, who has been bearish on stocks since 1996 as part of a thesis he calls the “Ice Age.”)
    I thought these breed of bears were extinct.

  • ridingwaves

    2 charts to ponder, first daily gold, the green line is important for entry and exits…more so on daily..a money line for me kind of as its not perfect…weekly pmo is turning but needs to get thru that red line…
    https://s12.postimg.org/x65wzbfr1/gold2_daily_21717.png
    https://s16.postimg.org/xn7nzdlxh/gold_weekly_21717.png

  • ridingwaves

    luck of the irish, welsh, german, cherokee mutt…

  • ridingwaves

    those are the same guys included in mass lawsuits for illegal trading and rigging the Cofi and libor index……

  • Mark Shinnick

    Thanks. This is a really good clusterfuck of all kinds of indications at this point… just fascinating.

  • BobbyLow

    Will do. I’ve been waiting to get into sync with the miners. I didn’t want to jump into the last long signal because I would be very late to the move. However, if I get a signal to go short next week and it fails with a signal to reverse, I can then go long and not be chasing within my time frame.

  • Mark Shinnick

    Everyone get plenty of R&R.

  • ridingwaves

    weekly 200 holding it down, daily pushing it up….the bullish pmo cross on the weekly is what I’m going to watch….

  • http://evilspeculator.com Sir Mole III

    You too Mark.

  • http://evilspeculator.com Sir Mole III
  • http://greenlander1.blogspot.com/ Greenlander

    Another stab at going short and another stop out. Still long retail names and added LVS, LN longs and GDX short

  • http://greenlander1.blogspot.com/ Greenlander

    Updated. Could go either way now IMO even though overbought as hell. https://uploads.disquscdn.com/images/bd9594b62934e03e2fdd56a78b14d4e57c0b320da2ab318539c2abb07d5b2275.png

  • http://greenlander1.blogspot.com/ Greenlander

    wow that Jan 1 entry would’ve been a very visible one. Need to start watching these individual names more

  • http://greenlander1.blogspot.com/ Greenlander

    Anyone know a good place to find historical COT (commitment of traders) data going back 10-20 yrs?

  • http://evilspeculator.com Sir Mole III

    Here you go – all the way back to 1987 (scroll down in the page):

    http://www.cftc.gov/MarketReports/CommitmentsofTraders/HistoricalCompressed/index.htm

  • http://greenlander1.blogspot.com/ Greenlander

    great thanks!

  • Tomcat

    Is Zero down? not refreshing for me…

  • Yoda

    Ouch, got my ass handed over to me with UNG today.

  • http://evilspeculator.com Sir Mole III

    GUTEN MORGEN!

    NEW POST