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Friday Morning Briefing
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Friday Morning Briefing

Friday Morning Briefing

by The MoleMarch 6, 2015

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.

2015-03-06_spoos_briefing

So far so good – the E-Mini has advanced to exactly where I wanted it and I grabbed a handful of lottery tickets right below my inflection point at 2103. My stop is at 2104 and change – above that we are back in limbo tape until about ES 2111, at which point I am going to re-evaluate the situation. See the stack of daily NLBLs up there which should be good for at least some short term resistance.

For the record – no time like the present on this one. We have been here many times and the bears lost almost every single one of these setups since 2009. So this either works itself out right here near the open or we’ll most likely hop the fence and head higher. Which is fine for me actually – I don’t like drawn out entries which is why I prefer to get positioned near inflection points.

2015-03-06_ZB_briefing

ZN is looking like a possible long here with a stop below 127’00. Early days here and it may actually just paint a LKGB before dropping lower. So have no compunctions about grabbing short positions below 127.

That’s it for now – see you guys later this afternoon.

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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 the usual social media waterholes.
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