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Lazy Monday
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Lazy Monday

by The MoleAugust 26, 2013

With London closed today we’re looking at a pretty lackluster session. Which however gives equities a little breather in order to decide where we’ll to go next. After a promising start we hit a snag mid session when we apparently ran out of juice – not surprisingly the Zero Lite has gone pretty flat.

On the comedic side of things we are currently stuck in a volume hole that terminates near 1666. I made up the 0.66 bit as that tick doesn’t exit (the ES trades in 0.25 ticks) – but that number keeps popping up every so often which I find interesting. Anyway, a bit surprising to see us go all the way through that and then turn. At this point I’ll strike it up to low volume shenanigans.

As you know the NLBL on the daily E-Mini got us long last Friday. We are still above it but that weekly NLSL at 1665.75 – which will have to be breached in order to drive us higher. The bulls do not want to close below it again this week.

The VIX painted a bonafide VIX Buy Signal last Friday and the implications are higher prices in equities within a week’s time. In between it would actually be nice to see a little drop which would give us a juicy Retest Variation Long.

It’s been slim pickings on the setup front but I did manage to dig up a few promising victims:

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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 the usual social media waterholes.
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  • Pervergence

    Still l /GC

  • Schwerepunkt

    FWIW. Kerry. Fighting words.

  • SS_JJ

    long oil and PM

  • Ronebadger

    I’m too lame to post a chart, but check this out (Weekly chart – 2 year span)…interesting…

    $NATV:$NYTV

  • Pervergence

    Was he long in the face??…hehe

  • Schwerepunkt

    His chin is about a foot long.

  • Pervergence

    Ha….fucking horse face….Putin must laugh his ass off……In fact I think there is a picture of Putin riding Kerry shirtless,

  • Pervergence

    This all seems too familiar to the lead up to the war in Iraq…..it’ll be Syria…then Iran.

  • Pervergence
  • Skynard

    GN B**CH!

  • evilasevildoes

    long skull n bonez

  • Darkthirty

    YAY!

  • Ronebadger

    I stepped away … and… ???? big volume too

  • Darkthirty

    I know the rule about no politics, but am I the only one embarrassed to be called an american right now?

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

    Did their computers broke down again?

  • SS_JJ

    what’s the ticker for that? 😉

  • SS_JJ

    LMAO!

  • Pervergence

    Me too….insanity

  • SS_JJ

    I am embarrassed that We the People are just a bunch of wimps

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

    Russian Czar!

    No less

  • SS_JJ

    Nah. Normal shaking procedure before we resume the trend up.

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

    HAL, DOW, GE
    In this order

  • Pervergence

    We just let these cocksuckers ride roughshod over our freedoms…..the terrorists have won…..look at the fascist state we have now.

  • ridingwaves

    mole will not like this but I agree with ya
    democrats and republicans, same shit, 2 different piles…Crimerica is now land of the sheeple…I think I’m going to buy some more physical after this thead

  • Darkthirty

    stop sweep?

  • Darkthirty

    PB will get you all the AU you can carry!

  • Pervergence

    Dems and Rep….different cheeks of the same ass….

  • SS_JJ

    “Land of the Free” vanished 12 years ago. Seriously, what a disgrace. Have to prepare for WWIII now just because of fucking greed.

  • Darkthirty

    Keep your hands inside the ride at all times

  • http://evilspeculator.com molecool

    I agree with you guys. Big reason of why I expatriated. Couldn’t take it anymore.

  • SS_JJ

    market’s getting rid of the weak players

  • Pervergence

    Wish I could Mole…..but with a house and practice ….trying to liquidate is not that easy 🙁

  • http://evilspeculator.com molecool

    Took me five years of preparation to get out. Not coming back probably. Not unless the country wakes up and votes in some serious changes.

  • Skynard

    /DX holding 40, catching bids.

  • Pervergence

    Doubt it…..voting feels like a waste of time when you see asshole A or asshole B….the illusion of choice.

  • BobbyLow

    Well I haven’t expatriated but I have become politically neutered. If anyone with half a brain wanted to know who really runs things, I suggest they follow the money. And along with this thought, whenever you see political adds in favor of or against something, does anyone think that some institution is spending millions of dollars for some altruistic reason to actually benefit people as a whole?

    It took me a shitload of years to become as cynical as I currently am about politics. But I must say that over this time period, my attitude has become thoroughly earned.

  • SS_JJ

    Buy yourself a secondary home with land in a neutral place, preferably with a good weather and stable economy and politics. Uruguay, Chile, Costa Rica come to my mind. It’s good to have a place to get out of dodge when it becomes unbearable.

  • Skynard

    Got squeexed out of AUD short in a FN hurry, knew something was up.

  • SS_JJ

    My only hope for change was Ron Paul, but Prechter will probably gets his P3 before that will ever happen. The man is getting old anyway and I don’t trust his son.

  • Pervergence

    Prechter….lol…..people all think they are strategists like Karl Rove….always thinking too much instead of voting their conscience….that’s why third parties never get traction. I liked Gary Johnson….

  • Pervergence

    Good idea….

  • Pervergence

    Cynical….count me in….been accused of being acerbic

  • Pervergence

    You know it’s nice to know other people feel the same way. I was beginning to think I was just a negative Nancy….

  • ridingwaves

    precious is getting interesting now..seasonal, add fear..juicy…

    http://s14.postimg.org/v4m68xdkx/Gold_pf_82613.jpg

  • SS_JJ

    I’m just trying my best to bank as much coin as I can in the shortest possible time frame so I can buy out my independence from this clusterfuck and hopefully weather the coming shitstorm while it passes.

  • Skynard

    That is the whole problem with society. We are taught to keep happy thoughts and brainwashed by the media to be living a dream. Have been unloading my real property for the past year. One left in WY and can concentrate on the bigger things.

  • Schwerepunkt

    Czarina.

  • beentohardknocksU

    In Canada, articles pretty regularly in the press about expats renouncing US passports to avoid punitive double taxation and endless paperwork to retain citizenship abroad. Number of renunciations has gone from a few per year to tens of thousands now. This ought to say something were anyone listening – talented people voting with their feet to leave “Greatest Country in the World” should tell someone that something is broken. It’s not the welfare moms and gardeners that are leaving after all. By all means keep building that fence – it will be keeping people IN before long….

  • Skynard

    That is it, just does not matter although the politicians want you to believe that it does. Smoke in mirrors.

  • http://evilspeculator.com molecool

    The trick is not necessarily a lot of money. Skills and being nimble is the key. Learn languages! It’s a big world out there and the reality you face in the U.S. is but one of many. Spend some time traveling – despite the Western MSM fear mongering the world is a fascinating and beautiful place.

  • http://evilspeculator.com molecool

    You don’t have to buy anything. You were born free – problem is that we create our own gilden cages.

  • Darkthirty

    But first, learn how to knock the fuck out of anyone that gives you shit.

  • Skynard

    Both AUD and /ES sitting at their 100 hourly, very interesting:)

  • newbfxtrader

    /es going down bro. /6A cant seem to catch a break.

  • Skynard

    WTH, flipped to long. Could constitute a higher low. .8959 can not be taken out.

  • Darkthirty

    What timeframe do you trade?

  • Skynard

    Tagged the hourly, staying long. May only get a ride to .9

  • Skynard

    Which ever one tells me the story, like 30, 60 min time frames.

  • Darkthirty

    got a contact off this site?

  • Skynard

    What do you mean?

  • Darkthirty

    email, got something you’ll like

  • Skynard

    Ah, mkennedy85 at wowway dot com

  • Darkthirty

    ok. just a minute

  • DarthTrader

    Don’t forget Monsanto

  • Darkthirty

    one more down, unless ES breaks 53.75

  • Skynard

    Got a daily SL at 32 for a test of the lows. Also, happens to be the 100

  • Darkthirty

    check out the idiot?

  • Skynard

    Sure, did you attach anything. Ok, got your email.

  • Darkthirty

    nope it’s DIY, see if you can make sense of it, my granddaughter can scalp the turns

  • Skynard

    OK, will check it out.

  • Skynard

    /DX weekly turning, hourly looking bullish.

  • convictscott

    One of my best friends here in Australia has renounced his US citizenship after IRS threats to go after his family remaining in the US if he didn’t pay double taxation.

  • Pervergence

    My son who is a red-headed fighting machine never got into a fight when he spent a year in Australia (Perth)….go figure.

  • Darkthirty

    When you’re capable, you rarely have to perform to full capacity.

  • Skynard

    Long /ES 47.25

  • Skynard

    AUD getting creamed, one more attempt since the low was spared.

  • newbfxtrader

    All my fingers got sliced trying to catch that knife…

  • Skynard

    Lol, amazing the volatility with such small move in the /DX.

  • Skynard

    Check out the weekly, she is going to blow. Huge compression.

  • DarthTrader

    /ES heading to 1638 to complete an ABC down . . which sets up a Gartley Buy

  • http://iberianviews.blogspot.com/ catracho

    or 1605 P&F target?

  • http://evilspeculator.com molecool

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    ¨°º¤ø„¸ N E W „ø¤º°¨

    ¸„ø¤º°¨ P O S T “°º¤ø„¸

    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • DarthTrader

    I’m not proficient with P & F but the ABC actually goes to 1637.25