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Friday Morning Briefing
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Friday Morning Briefing

by The MoleJune 28, 2013

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.

The E-Mini are back at the 25-hour SMA which seems to have become an early morning ritual. We also have two NLSLs for extra support so I’ll play the same game as usual – long above those Net-Lines and short below.

Gold approaching its falling 25-hour and I intend to be short with a stop above.

EUR/USD attempting to produce a floor and is now at the 100-hour and testing a few hourly NLBLs – I’m thinking a long above 1.3075 – not particularly interested in the short side unless we breach through 1.30445.

More setups below – please step into my trading lair:

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Cheers,


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.
  • DarthTrader

    “The E-Mini are back at the 25-hour SMA which seems to have become an early morning ritual.”

    Yes, it is like the Market is correcting it’s overbought condition in the overnight period so that it is balanced and ready for another bull move. Must be descendants of those little Fairy Tale creatures who fixed the overworked cobbler’s shoes while he slept . . . night after night.

  • VoicesV

    Inside day on the dailyn….we should see a violent move today…

  • VoicesV

    it is inside day ? right?

  • VoicesV

    There we go….1614 breached……seconds sigs of bulls weakness to bring the tape higher……lets coin som money

  • VoicesV

    treasurys in bullish mode again…..

  • http://evilspeculator.com molecool

    So we’re talking gremlins now?

  • Skynard

    Complex H&S playing out on the /DX, a break of 83 should get r going now:)

  • DarthTrader

    /ES Strong Support here confluence of Fibo levels and just below 50 & 200 hour MA’s RSI is down to 34 . . . Hold this till 9 and you have a great way to start a Bullish day. Playing The Darth Advocate

  • DarthTrader

    Though I do acknowledge after the Bullish week we have had a sell off today would set up a nice opp for rally next week for the July 4th seasonal Bullishness . .

    On the Other, Other Hand today is last day of month, quarter & half Year.

  • Darkthirty

    Fib time says next low 0834

  • Darkthirty

    Algo gremlins, you know, lord of the charts type shit

  • DarthTrader

    CDT?

  • badflightrisk

    BBRY shorts are celebrating

  • tradingmom

    On SPX? No.

  • Darkthirty

    Karl Denninger is crying

  • Darkthirty

    Yup, right after the open. Nothing solid, just another thing to watch

  • VoicesV

    shcewrpunk i took short positions at 1619-20 SPX….. But i trade Swedish OMX 30…..

  • VoicesV

    Swedish OMX 30 is something like follow the John…..Similiar moves as SPX

  • amokta

    /ES 1600 at risk of being penalised.

  • VoicesV

    I try to stick with the plan…..buy at support and sell at resistence…

  • DarthTrader

    Cool, we’ve seen a bit of that . . .an opening move that should be faded . . . like last Friday or Monday

  • Dyellowflash

    TP-ed my tracker from yesterday’s short at mole’s 2nd arrow and now go long 1 tracker only. Its Friday, let’s keep it frosty 😉
    Filled YM at 14955.

  • tradingmom

    I had the same thought!!!

  • tradingmom

    I hate it when I second guess the plan because it seems too obvious. I need to remember to just keep it simple.

  • Rightside_ot_trade

    Aid/usd back down to its recent closing low at .91945

  • Darkthirty

    He’s backpedaling now

  • Darkthirty

    that should have been 4, 5 @0900

  • DarthTrader

    Spreads widening on options Chicago PMI out in 3 min and consumer sentiment out in 13 min

  • Darkthirty

    Did the upper gap fill? Got a few down that need attention

  • Skynard

    Long the /ES

  • Darkthirty

    ZL confirm?

  • saltwaterdog

    Ticks are tracking highly negative right now. about 97%

  • VoicesV

    AAPL only like 1 % away from main support…could get ugly

  • VoicesV

    Moore ugly :)

  • SS_JJ

    ZL’s flat

  • Darkthirty

    did the upper gap fill?

  • DarthTrader

    /TF is holding it’s ground much more bullish than /ES

  • VoicesV

    seems like we are headin for 1592 SPX

  • VoicesV

    All support broke down on 1 H chart

  • Skynard

    No, still anticipate it though. Fabricated

  • Darkthirty

    Is that what’s known as an epiphany?LOL

  • Schwerepunkt

    SPX is currently trapped b/w 100-day support and 25-day resistance.

  • Dyellowflash

    Ok, I have TP-ed rest of longs collected at the 14892. Only left with a tracker from 14955.

  • Skynard

    ZL flat out told me Bro.

  • Darkthirty

    I was poking you on the fabricated market quote

  • Skynard

    That was one hell of a fakeout on the /DX

  • Dyellowflash

    That was one hell of a fakeout on the spx too. Well, now I am out of all longs. Good luck for rest of day!

  • http://dartht.blogspot.com/ Darth_Gerb

    Half year end, treacherous waters matey.

  • Bun Dance Kid

    Zero’s blue arrow points the way again

  • Bun Dance Kid

    No the news you want to hear Mole sir, but my Zero is stuck.

  • Bun Dance Kid

    … WAS stuck – just started again after a 10min freeze

  • Dyellowflash

    lol… i swear that 5 pts drop wasn’t cause by me taking profits! lol… too bad didnt follow through with the game on mole’s arrow. my fault – slacking on the friday :_

  • http://ibergamot.blogspot.com/ i Bergamot

    TRX up 13%

  • badflightrisk

    I noticed his “author long” disclosure has disappeared

  • Bun Dance Kid

    From cheat sheet: Bullish Mole Signals:
    Bubble Expands on both sides but green line dominates the red line.
    Am I right in seeing present action as fitting this description?

  • stovis

    Looks like it to me.

  • tradingmom

    I haven’t seen the bubble do that in a really long time.

  • Bun Dance Kid

    Sometimes I can read Zero easily, other times it’s totally baffling and I’m inclined to misinterpret it

  • Bun Dance Kid

    One for Mole’s text book of Z moves, perhaps. WIll be interesting to see where we go from here.

  • AmazingLarry

    Out of short, flipped long both metals. Volume cranking.

    Watching the monthly close on /SI vs the highs in 2008 and 2010.

  • http://evilspeculator.com molecool

    It’s tempting to read too much into it as well. In the end the ZL signal has remained above the mark most of the day, so until that changes the bulls are driving this session.

  • http://evilspeculator.com molecool

    Are you the guy who sent me an email yesterday? Nobody else seems to have that problem. Anyone else?

  • Bun Dance Kid

    No that wasn’t me. It’s been fine apart from those 10 mins.

  • http://evilspeculator.com molecool

    So it was down for you today but not yesterday?

  • http://evilspeculator.com molecool

    Can you tell me about which time it happened in EDT?

  • Bun Dance Kid

    yes, that’s why I thought I’d better mention it today

  • Bun Dance Kid

    I read the time off the Zero chart. I think it was stopped from 0820 to 0830

  • Bun Dance Kid

    Billy big move in the offing?

  • http://evilspeculator.com molecool

    Thanks, I have passed it on.

  • Skynard

    Bullish tape it is:)

  • Bun Dance Kid

    Seemed to freeze a few mins right there too. 1025 wouldn’t refresh until 1030

  • Bun Dance Kid

    Frozen again from 1035 and not yet refreshed at 1047 as I write this

  • AmazingLarry

    GDX zipped past the 100 hr and just triggered a daily NLBL. HUI in similar position.

    It’s like the ice cream truck went past your house too quickly and you want to sprint it down for a Bomb Pop.

  • AmazingLarry

    NUGT 23% and climbing. Oh, there are still seats open at the casino.

  • ridingwaves

    impressive volume…something stirring precious metal bottom?

  • http://evilspeculator.com molecool

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