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Interesting Times
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Interesting Times

by The MoleNovember 14, 2017

‘May you live in interesting times’ is an apocryphal expression often incorrectly attributed to being an ancient Chinese curse. Whoever actually coined it we will probably never know, but it’s clear to me that he or she was probably of advanced age and, having experienced a crisis or two, understood quite well the potential disruptive effects of large scale events.

In general I don’t think that our more recent ancestors would have been very happy to live in today’s world of ever changing technology, culture, and social standards. It may sound almost antiquated to some of you, but there once was a time when tradition and permanence were well established virtues to be aspired to (and yes, dinosaurs roamed the world). Which stands in rather stark contrast to whatever it is that is currently hailed as the pinnacle of Western enlightenment as long as it follows the mantra of being either new and improved, progressive, more tolerant, or simply different and edgy. To merely question this never ending hunger for change and purported advancement now quickly labels you a social pariah, or perhaps worse.

For that reason alone I’m actually surprised that not more millenials appear to be attracted to trading as a profession as innovation and constant change are in fact the rule of the land. Perhaps the big difference is that one is actually forced to immediately assume the consequences of whatever is deemed to be an innovation or improvement. To that end the financial markets represent the ultimate bullshit meter from which there is no escape.

Being a trader in the 21st century means you either innovate, follow, or get out the way so you don’t get hurt. Having evolved along with our technology advances the financial market place you know and understand at each moment in time continues to evolve and innovate at an ever accelerating pace with apparently no end in sight. Of course adding to all that is the perpetual cycle of news and rumors that we are forced to absorb on a daily basis. It’s often said that the only reliable force in the financial markets are the ebbs and tides of volatility.

2017-11-14_events

And I expect a healthy helping of just that all through this week as our event schedule is plastered with market moving events all through Friday. So if you enjoy slow and steady then this is definitely not your week and you better watch your six. The swing traders and scalpers amongst you however will most likely love it and hopefully milk each gyration for every penny.

2017-11-14_spoos_update

My E-Mini campaign was just stopped out at break/even, so fortunately nothing lost but a bit of time and effort. Quite frankly I’m not too eager to find more exposure at the current time as various markets seem to be in the process of picking a direction. As you know high volatility sideways tape does not lend itself well for break/out or trend trading campaigns, which is what most of us are after on a discretionary basis. Most of my mean reversion trading is handled by automated systems now as I simply don’t have the time or the energy to spend several hours a day glued in front of my monitor.

By the way, the situation in equities right now is really a 50/50 equation, or perhaps it’s 60/40 favoring the bears. All that changes of course as soon as 2563 is broken. As a technical case can be made for both the bulls and the bears right now I choose to abstain until things come a bit more into focus. If it were only for equities I would have remained long here, but given the sideways conditions we are observing across various other market verticals (as highlighted yesterday) suggests a bit of caution.

2017-11-14_silver

Which is a real shame as for example silver is looking extremely juicy here on my daily panel. But as outlined yesterday precious metals in general are now heading into a more volatile seasonal period and I don’t see any attempts to take them higher right now. Intra-day volatility also continues to be high, making picking entries a bit of Russian roulette, and I’m not just talking about silver here.

2017-11-14_EURUSD

I’m glad I did a bit of Christmas shopping early this year (just got myself a new toy guaranteed to result in recurring hospital visits) as the Euro is in the process of shooting higher, indicating that recent Dollar strength was most likely only temporary. Which in turn will affect markets all across, especially in equities and on the futures front.

 


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.
  • kim

    Can someone enligthen me, is BTC trading on NYSE? https://www.nyse.com/quote/index/NYXBT

  • kim

    on that scooter driving 30 looks like 300 :))

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

    It’s nuts!! A lot of fun.

  • HD

    SPX going to open right at 2575 pivot, again. VX gonna do the dance today and Wednesday.

  • HD

    4th day in a row, SPX gaps down. There is larger C=A 2555

  • kim
  • Mark Shinnick

    Here’s another datapoint on HY. “State Street’s $11.8 billion junk-bond ETF had one of the biggest withdrawals in its history on Friday.”
    https://uploads.disquscdn.com/images/b746bd7a45ff27102263f97add75b3348cdf4f13133a4e2a73daa41890ce5321.jpg

  • Mark Shinnick

    Been long LABD but now possible breakout range.

  • StockTalker

    Hum, you don’t say:)

  • evilasevildoes

    going to cash

  • StockTalker

    Good old days, 800 pt moves.

  • StockTalker

    Looking for 22k on the NDK, where I will long

  • StockTalker

    There are some bears left, lol

  • BobbyLow

    I suppose Volatility could be either a friend or it could be a nemesis. Speaking of volatility, does anyone know what triggered about a 10 Point Jump in Gold right after 10 AM this morning other than the usual “more buyers than sellers or a stop run” ? In this case Volatility was my friend but it could have gone the other way as well.

  • ZigZag

    7am dump of 37k e minis; must’ve been news related but I haven’t tracked it down.

  • Mark Shinnick

    Recent setups have been on-balance bearish, like a stealth bear this past 3 weeks. Note LABD setup: on a chart basis has a nice upside objective another 5%. HY has been leading since last week’s break of support. Nikkei also broke recent trend. None of this may be predictive at this point but its just to give context to answer your question.

  • ZigZag

    Well, as you can see all dips are bought during RTH, so any real drop will be something we wake up to. I just have a hard time with these huge v-bounces that never retrace, but that is because the computers are teaching themselves not to wait. It really is going to take a huge liquidity withdrawal to impact this market to the downside.

  • Mark Shinnick

    This is all true, but watch out there because that particular recency bias can be a slippery slope. Those v bounces gradually wear things out if they go on for too long, like bending a paper clip…its exactly what happened 1987.

  • ZigZag

    Definitely seems ’87 like – but when in 1987? that’s the $$$ question.

  • Mark Shinnick

    We got to a phase there when 100+ and – dazs began to seem almost normal. It was an expansion of inter-day and intraday volatility.

  • Julie

    SPX Dipsters show up again 2566 .Three tests on a dip and quite often a fourth test is decisive The more times a resistance or support is tested the weaker it becomes. One of these days No Stick Save JULIE https://uploads.disquscdn.com/images/f676103a882c065e6c3dd44bf390b5434bed1807bb5fec1d7645e040829fa589.png

  • StockTalker

    That is fore sure, it will take a waterfall event.

  • Mark Shinnick

    In this case we observe a number of other environmental factors we’ve been recently looking at consistent with a break. We also need to take in other sectors, like bio that appear to be leading.

  • StockTalker

    It’s coming, those tails are a common sight. The battle is on, do not think that the bulls can sustain this much longer:)

  • Julie

    No Stalktalker …. The weakness in the Banks and Small Caps. Big Canaries. Gonna be fast and furious when they all head for the exit leaving Ma and Pa along with the Johnnie Come Lately’s holding the bag The trap door scenario
    JULIE

  • HD

    2566. Triple bottoms? Anybody done a study on them?

  • kim

    On a larger scale it’s just extremely peaceful bull trend, not sure what battle are you looking at?

  • StockTalker

    Those tails actually mean something to me.

  • Julie

    HD Hi Bro ! I am not a waver in general terms However RUT HMMM A rare leading diagonal down . Nice curve ball thrown. A bounce NOW and up to 1480 then a reversal Could happen and watching closely
    JULIE

  • kim
  • kim

    a bit more turbulent times when there was ongoing battle, same scale weekly https://uploads.disquscdn.com/images/4f6bc0179b91408390a888657ccbaa5905b7d5c2b9e6d8ff5a889ade88ef4d79.png

  • kim
  • Mark Shinnick

    Interesting narrowing of ranges there….

  • Julie

    The more times a resistance or support is tested the weaker it becomes. Many times the 4th test is conclusive i.e. a brick wall or a breakdown or breakout
    JULIE

  • kim

    break even with first with one, another coming soon, yeah it is sucks :) https://uploads.disquscdn.com/images/edaa61a274cc8df5fd3436fdeff2c044b0a8ebb253e077ccd0162b4af05ccd83.png

  • Mark Shinnick

    Its this phenomena that is now in prospect with a nearterm volatility expansion. Once that is achieved I imagine a bunch of BTFD so we will then get a chance to see if nearterm environment supports overwhelming them.

  • Julie

    Mark I think it is going down esp with the (1) negative market breath $NYMOT below 0 https://uploads.disquscdn.com/images/7256bed47cc2bf9a7b7f0d60e727398b236490428bdea14f8e376be33ccf7c57.png https://uploads.disquscdn.com/images/7931a8bb21e4c7d48cf20720edfa24becd6d487e4f2e0266d2addaeb65569ece.png (2) SPX RSI (9) below RSI (30) (3) MACD 3,9.16 below it’s signal line along with the weakness in the Banks and Small Caps CHARTS $NYMOT and SPX JULIE

  • Mark Shinnick

    As Mole says: “Keep it frosty.”
    About all I really know is my short equity curve has been going sort bananas today. We don’t see this in the broader indexes; its going to take that break.

  • StockTalker

    Need a lower low right now

  • Julie
  • Julie

    Another Canary Guys ! Negative Divergence $XVG compared to $SPX JULIE https://uploads.disquscdn.com/images/f8a48be09b3a2559cdbb6b541225928f5f500cdbafc723de31e549fa96e4445f.png

  • ridingwaves

    1/2 R L-XBI 79.25 S 75.90

  • StockTalker

    Don’t think we will need an event to trigger this, it will like always surprise.

  • http://www.linkedin.com/in/sharondsessions/ Sharon

    My view – March 2018 when Yellen is gone finally, and then the fun begins.

  • Mark Shinnick

    I see this as a H&S since September.

  • Julie
  • HD

    Agree Julie. Gann rule of 4.

  • HD

    Not a fan of either the Rut or leading diagonals.

  • Julie

    Very few Bears to squeeze …. Cmon Bears Let’s put lipstick on this pig ! JULIE

  • Ronebadger

    Feels like November 1987 here in New York right now…

  • http://evilspeculator.com Sir Mole III

    Did I miss anything? 😉

  • Mark Shinnick

    Oh…was that a mental vacation?…seems to have worked a bit.

  • http://evilspeculator.com Sir Mole III

    Don’t get your hopes up too much. That’s what they thought when Bernanke took over for Greenspan and then again when Yellen took over for Bernanke.

  • http://evilspeculator.com Sir Mole III

    Just hit the gym a little and took my e-moto for a spin. Now back to the grind.

  • StockTalker

    Damn, by the looks of it we thought you were on a hiatus:)

  • ridingwaves

    Most likely Blackrock has been shorting bios probably prior to IBB split announcement…make it or break it around here for bulls like me

  • http://evilspeculator.com Sir Mole III

    Last time I checked plenty of liquidity was being added.

  • Mark Shinnick

    Approaching that gap zone.

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

    Totally rocking to this song right now.

  • http://evilspeculator.com Sir Mole III

    Ronebadger said it felt like Nov. 1987 in NY right now. I wish!!!

    https://www.youtube.com/watch?v=7cRdgIZgobs

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

    Come on – keep that Puch – it’s awesome and much more original than a Porsche these days! A real collector’s item and you apparently took great care of it.

  • http://evilspeculator.com Sir Mole III

    You could probably convert that thing to electric easily. Doesn’t seem to weigh much and the body would accommodate a battery.

  • Julie

    Mole I had a Vespa in college. Loved it !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ..I can only imagine.
    nice touch on the graphics. draw the traders in.
    😉

    https://www.pedal-lady.com/images/product_images/popup_images/VespaCurly15C8_0.JPG

  • Julie

    GG I was wondering where you have been About to put a call out !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I promised everyone a leave, it’s been hard to deliver.
    “You can check out, but you can never LEAVE.”

    But my church mousian behavior *is* having an effect on HYG.

    http://stockcharts.com/h-sc/ui?s=HYG&p=D&yr=1&mn=0&dy=0&id=p26165655637

    (Shhhhhh).
    -GG

  • Julie

    TAL moved stop down to today’s high 29.60
    JULIE

  • StockTalker

    Mass exit there

  • Julie

    GG Thanks for the HYG chart. Another canary like I have been posting. The canaries are chirping louder and louder
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    Another canary guys …. Chirping louder and louder VXZ:VXX falling below it’s daily 5 ema JULIE https://uploads.disquscdn.com/images/332c36affb18f034bf84fa4df81e38031cdad5973e5ae9142b9fedfa8f997b1d.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://evilspeculator.com Sir Mole III

    Nice…. moto… (ahem)

  • http://evilspeculator.com Sir Mole III

    EvilSpec is like a roach motel – you check in but you won’t check out.

  • Julie

    Hilarious GG love it !
    JULIE

  • Ronebadger

    NICE…one of my all time favorites. He’s got one of the best R&R voices ever….BUT, a number of years ago, he almost died from a brain tumor…had it removed, found GOD and went back on the road. I saw him a few years ago. Sorry, the poor guy’s voice is shot…doesn’t have it anymore…not his fault…God bless him! He’s got an interesting story of redemption…check him out.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    it’s been tried.
    Wired Magazine 2010.

    https://www.wired.com/2010/01/diy-ev-porsche/

  • Julie

    Discussing canaries ….. Another one $NYSI below it’s 10 sma JULIE https://uploads.disquscdn.com/images/50e7f662137514c5dacf91ad1a447c1537e2525c4e7053dbbceeef2d0fc17172.png

  • ridingwaves

    https://finance.yahoo.com/news/blackrock-announces-share-split-ishares-140000078.html

    sometimes you need to be big money to make big money…

    backtest of breakout is done….what lies ahead depends on how low they want to get IBB

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    watching the carnage commentary on GE.

    spotted this viewer comment:
    Cramer is the Bill Cosby of investing. A joke, and a serial rapist.

    Have a plan, trade the plan rats.

  • Mark Shinnick

    Lets hope nothing cracks too badly here; would love to see this sector blowoff with upside.

  • Julie

    Yup GG ! Also if wrong not wrong long !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • bravenewworld2011

    If I were just going by that chart I guess that is a buy signal for equities…

  • StockTalker

    Heard they are eliminating there locomotive sector

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • ridingwaves

    L CALA for rebound play…important support here…9.40 entry. 9.15 S

  • Mark Shinnick

    Don’t want to be caught short…

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

    Still No legitimate evidence of a threat against volatility. No normal BTFD ing I can really see.

  • Mark Shinnick

    Maybe at some point this shows in the broader indexes…..I guess when it becomes time for the broader public to become more involved?

  • Julie

    Another great source of info GG is the ILWU ( International Longshoreman and Warehouse Union ) West Coast Ports. They will answer all questions concerning hours worked by Longshoreman ; tonnage ; maritime traffic etc. No Wall St hype just the truth All things begin on the high seas.
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Maybe.

    Gosh, Shucks, we *just* didn’t see it coming
    https://rectorspage.files.wordpress.com/2013/08/behind-the-green-curtain.jpg

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    wait. I thought you were blonde?
    dark roots perhaps?
    ;-D

  • Mark Shinnick

    Getting some initial miners long triggering.

  • Julie

    GG I grew up in Portland My grandfather was a boxing trainer and trained two world champions and very many top contenders. Attended many title fights growing up.Trained world class fighters in (1) Windy City Gym in Chicago (2) Stillman’s Gym in NYC (3) Fifth St Gym in Miami (4) Grand Ave Gym in Portland. He always stated the best boxers in the U.S. came off the streets of Portland My grandfather (deceased) and Dad are great. Dad and Mom still alive and well
    JULIE

  • Julie

    GG I grew up in Portland My grandfather was a boxing trainer and trained two world champions and very many top contenders. Attended many title fights growing up.Trained world class fighters in (1) Windy City Gym in Chicago (2) Stillman’s Gym in NYC (3) Fifth St Gym in Miami (4) Grand Ave Gym in Portland. He always stated the best boxers in the U.S. came off the streets of Portland My grandfather (deceased) and Dad are great. Dad and Mom still alive and well
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Awesome. so did you participate in any of those nude parades?
    I hear what is seen, Can’t be unseen!

  • Mark Shinnick

    There ‘s some buy…finally.

  • HD

    Turn around Tuesday did not disappoint. Whipsaw Wednesday on deck. 2575 Pivot still flexing.

  • StockTalker

    Die B@*@!

  • Julie

    GG NOOO ! Been a good girl all my life. Met my hubby (Doug) at a party and married him 10 days after we met ! Knew within a blink of an eye he was the man ! Our 1st date he took me fishing Too Much ! The very same day he said Hey Let’s get married this coming Saturday. I said Make it Friday ! He said Friday it is !
    JULIE

  • Ronebadger

    ….and I thought I had a good story. Met my wife in Ft Lauderdale on Spring Break. She was from NJ…I was from NY.

  • Julie

    College romance Love it GG ! A girl always knows the man right away ! Best to both of you !
    JULIE

  • BobbyLow

    Congrats Julie!

    It took me two times to get it right but my current marriage is in it’s 41st Year and counting. And I would do this one all over again in a heartbeat. :)

  • Mark Shinnick

    A flexing pivot…is that like an unbalanced system?

  • ridingwaves

    watch it rocket back to 12 by tomorrow

  • http://evilspeculator.com Sir Mole III
  • Mark Shinnick

    Really a BS index response so far.

  • Yoda

    Anybody interested in buying the dip in Nutty Gas?

  • Mark Shinnick

    Yes…buying appears to be BS.

  • http://evilspeculator.com Sir Mole III

    Starting to look like distribution.

  • StockTalker

    Except for crude oil

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

    Hourly!

  • Julie

    Love it BL ! One spouse is all one needs ! My mom and dad still cuddle and laugh together. I know that they are still active ….. LOL !
    JULIE

  • Mark Shinnick

    Nothing yet about volatility pressing into resistance indicating a pressure release.

  • BobbyLow

    FBOW, I went short Crude this AM and I’m still long Gold. I don’t feel good about either one of them but it is what it is.

  • Mark Shinnick

    Yeah…just did some long miners…same feeling.

  • ridingwaves

    yep, I started buying last week but sitting alright here…a couple polar vortex’s lined up for next week-week after

  • Yoda

    I just got myself a nice long position in UNG 😉

  • StockTalker

    Wait for the gap fill bro

  • Ronebadger

    STFR yet?

  • StockTalker

    Than you are in the right positions sir:)

  • BobbyLow

    I’ve switched back to trading 195 Minute Charts fishing for swings lasting more than a day and MOMO has switched sides 7 times in the past 10 Trading Days. When it get’s like this, I’ll have a drop dead stop but try to hold through the muck and mire.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    have you thought about creating neutral zones?
    places where you are neither long or short?
    just an idea.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ok, I’ll say it.

    TIME CHECK.

  • HD

    Just looking left. 2575 seems balance. Bullish above bearish below. Jmho

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    come on BL, type faster!

    what is it a paragraph!? 😉

  • BobbyLow

    I’ve tried doing that GG but for whatever reason it throws me off balance and out of sync. In an attempt to manage my “mental capital” as Mark says, I’m better off to keep on trolling until I hook one. :)

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ok. work with what you know.

    I have a neutral zone currently in GLD.
    until it makes up it’s mind, it just like you said about oil.
    a bunch of BS.

    http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=6&dy=0&id=p03445070784

  • BobbyLow

    Can’t help it GG. This is why I don’t do a lot of texting. LOL

  • Julie

    BL GG Mark I trade GLD very short term 5 and 8 emas MACD 3,8,16 trend lines and Stochs 5,1 Presently on a buy. A buy occurs (1) a trend line break and closing above either the 5 or 8 emas preferably the 8 ema (2) https://uploads.disquscdn.com/images/296f2eaff5228d7b09c34b7c2e0805527b807506d8e8fe42a75107ba3ef9ee65.png MACD above it.s signal line (3) Stochs 5,1 above 20 A sell is the opposite JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    RSI is on 50. it’s a crap shoot Julie!

  • StockTalker

    In the woods tomorrow, hehe

  • BobbyLow

    Yep. And like I said a couple of days ago after giving up on Oil I had completely forgotten how both Oil and Crude want to bust my balls for a few trades before they go on a run that “pays for them all”.

  • Yoda

    I am sure your timing is better than mine but I can tolerate a little downside from now.

  • BobbyLow

    Hey Julie, I’m curious as to how many open positions you might have at any given time?

  • Julie

    Correct GG If in an established uptrend 80 – 40 If in an established down trend 20 – 60 Direction less 70 – 30 One way to determine is on the weekly chart if above 66.6 then a change from bearish to bullish. If it goes below 33.3 then bullish to bearish for a trend change.
    JULIE

  • Julie

    No more than 3 BL Currently 2 shorts TAL and INTC. TAL I shorted the lower high . INTC looking for a longer term short depicted in the INTC post below showing the overbought monthly and weekly charts at an upper trend line and price resistance approx. 47. Looking to short BAC on a bounce off the 55 ema (daily) to a lower high
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • BobbyLow

    3’s a good number Julie. When I used to trade individual stocks, I could at times have too many positions open and things would get difficult to manage which would lead to making more mistakes.

  • Julie

    GG A Blonde went to a lumber yard for her husband to get some 2 x 4s. The clerk asked her how long she needed the 2×4’s Oh about 30 years !
    JULIE

  • Julie

    Exactly BL Same reasons for me.
    JULIE

  • Mark Shinnick

    Well…every natural Nutonian system analog seems to have some bit of precession. :)

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    {face palm}

  • Julie

    UNG IMO needs to hold 6.28 i.e. Weekly Ichi Cloud conversion line (8) Friday.s close Bullish falling wedge pattern UNG Weekly Chart shown https://uploads.disquscdn.com/images/ece3524ce519b7f00ee10a8b02986be553e1674025a33b9a3600223495cedcd5.png JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    what if it opened up at 3.00?
    that would be a HOOT.

    http://stockcharts.com/h-sc/ui?s=%24NATGAS&p=D&yr=0&mn=6&dy=0&id=p32444137326

    Range Trade

  • BobbyLow

    Don’t know if tomorrow morning’s EIA Oil Report will sync up with this afternoon’s API Report but so far so good (if your short).

    https://www.marketwatch.com/story/api-data-reportedly-shows-an-unexpected-jump-in-us-crude-supplies-2017-11-14

  • http://evilspeculator.com Sir Mole III

    Didn’t know you’re serious about the long – damn. Rough waters you’re sailing into, but maybe you get lucky next week! 😉

    https://uploads.disquscdn.com/images/1fad8641637e36397f344b5b8e3e7a7c5b8eddb4bbd08d3e95e9b990e41c76b1.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    For those interested in the dollar,
    a critical level to watch.

    Will the money futz around during the holidays, and run higher next year?
    or just dribble lower, into some secondary low for New Years?

    https://uploads.disquscdn.com/images/a6335990ff5565ee61d264046caab1f2dc7d5e33af9b8bd2adc623f21af96f14.png

    -GG

  • Julie

    UNG Looking for a possible long at (1) 6.24 which intersects the downtrend line ; 50% retracement and daily Ichi Cloud baseline (21) (2) 6.16 which is the 61.8% retracement and price and gap support UNG must hold 6.28 per weekly chart shown in post below Now shown UNG Daily Chart https://uploads.disquscdn.com/images/73e30af49ff601f1d52a3d370dea476cee94f7ce15851c51f7f5340ef29542a0.png JULIE

  • Yoda

    East Coast should be cold AF for the next 2 weeks:
    https://truewx.com/long-range-outlook
    and seasonality is not too shabby
    http://charts.equityclock.com/natural-gas-futures-ng-seasonal
    http://www.cpc.ncep.noaa.gov/products/analysis_monitoring/enso_advisory/ensodisc.shtml
    La Niña has a high probability of occurence this winter: colder than average.
    I’ll sell in January 2018.

  • kim

    part of my short survived, added a bit more and this thing might get some legs…we will see

  • http://evilspeculator.com Sir Mole III

    Wow, 150 comments – it’s been a while since we had that much on a single post. Is it 2010 again? 😉

  • http://evilspeculator.com Sir Mole III

    If it drops into the dumpster I’m simply doubling all subscription rates. Problem solved 😉

  • http://evilspeculator.com Sir Mole III

    You know fundamentals put me to sleep!!! 😉

  • Yoda
  • kim

    haha, comments section rocks as always