Now Reading
Monday Morning Briefing
43

Monday Morning Briefing

by The MoleJanuary 7, 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.

Looks like silver is limping behind gold this morning as the latter just dropped below its 25-hour SMA. I’m short here with a stop above the 100-hour SMA. Not sure how long this one will be valid as the pace is starting to pick up.
[amprotect=nonmember]
More charts and non-biased commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
[/amprotect]
[amprotect=1,13,9,12,5]

Bonds – the 30-year is frolicking on its 25-hour SMA and so far it’s holding. I’m long here with a stop below that hourly NLSL. However if this one can’t get its groove on and bust higher I’ll be out by the time the NLSL expires (mid NYSE session today).

Crude – got to take this one – long at the 100-hour, short if she drops below. Fortunately the hourly NLBL looming above is about to expire.

USD/JPY – long with a stop below the NLSL – same plan as above, meaning it better get moving in the next few hours or I’m out. I’d be short on a drop below the 100-hour.

USD/CAD is doing the 25-hour SMA limbo and thus far it hasn’t pushed above. Interesting and I’m short with a stop above the 100-hour SMA, which fortunately is still dropping, thus working on our side.

[/amprotect]

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.
  • http://evilspeculator.com molecool

    And I tried so hard to keep this one strictly heterosexual!

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

    Shocking !
    ES open interest actually went Down! Short-covering, like I haven’t seen in a while.

  • AMCabrera
  • AMCabrera

    http://content.screencast.com/users/AMCabrera/folders/Jing/media/10d5e274-1db6-4850-ad91-e7d78fa1479f/2013-01-07_0918.png

     gold and silver..yuck the fiat metals. Anyhow here was silver early part of December it went double green essentially. IMO as it was then silver and gold was sucking wind badly. Now of course one can expect hopeful bounces but thats all it will be.

  • Skynard

    Evaporated similar to my silver trade:)

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

    Way to go FB !
    Up 1% in down market

  • Skynard

    Today should be fun
    1

  • http://www.facebook.com/profile.php?id=100001131611045 Exar Kun

    Okie, went long for a ride.

  • ronebadger

    Long what?

  • http://www.facebook.com/profile.php?id=100001131611045 Exar Kun

    the “one” that everybody hates 

  • http://www.facebook.com/profile.php?id=100001131611045 Exar Kun

     sorry dude, was kidding. usually when mkt opens, i shld be trading the ES or Dow30 futures. Went long for DOW.

  • Skynard

    Bear flag, SPX back test of the 10 sma on the 60 min.

  • Curiousmind3861

    short squeeze in EUR

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

    probably correction over..now on way to test 1.33

  • Rightside_ot_trade

    /CC Daily chart, RTV Buy triggered at 2242
    Just pushed thru hourly 100ma at 2269

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

     Marijuana
    Weed is a 40 to 120 bil industry, meaning it’s between pets and beer.
    But really nobody knows for sure. I had CBIS on my watch list for years,
    but that company is issuing shares at every ramp. Seems they are mostly
    mining the market, although theirs is the only independent medical research out
    there.

    This reminds me of how a Rare Earths started. Bunch of pink sheets and BB junk. Some will fail.
    Unfinished watch list:
    http://stockcharts.com/freecharts/candleglance.html?MDBX,CBIS,MJNA,HEMP,PHOT,AVTC,TRTC,ERBB,SRER,GRNH|B|P5,3,3

  • http://dartht.blogspot.com/ Evil_Gerb
  • ronebadger

    talkin about avatars…you have “Incorrigible Iconoclast” next to Evil_Gerb….how does one indicate something like that?

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

    through your Disqus Profile.

  • Probably not a trend day…

    I’ll check it out

  • Probably not a trend day…

    I’m an idiot…where in the “edit profile” section?

  • Probably not a trend day…

    still not getting it

  • Probably not a trend day…

    test

  • Skynard

    Just went long /OJ @ 111, sell order in if low taken out.

  • Ronebadger

    test

  • Ronebadger

    Test

  • Skynard

    Time to turn Bucky back on:)

  • Skynard

    /NG got creamed!

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

     I already have leaves in mine :)

  • http://evilspeculator.com molecool

    Disqus is going to ban you if you keep doing that – just FYI – they have spam bots that look for repetitive tests like this.

  • Curiousmind3861

    time to long the dollar?

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

    go to disqus dot com
    find your icon on the far right, there should be a drop down.
    edit profile.
    it’s in the Profile tab – Short Bio section.

  • http://dartht.blogspot.com/ Evil_Gerb
  • Ronebadger

    yes sir, noted

  • Skynard

    Could see 80.26, 100 hourly. currently at support.

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

    AMC, are you watching USD/NOK?

  • http://twitter.com/NobodyTrader Nobody Trader

    Good quote today from Jeff Saut ‘the media is long volatility’, and he cited something that I noticed, that as soon as the ‘fiscal cliff’ was dealt with, literally the headline was ‘is it time to worry about the debt ceiling’ or something like that. There you go. Bus gotta be empty, right?

  • AMCabrera

    http://content.screencast.com/users/AMCabrera/folders/Jing/media/40661f7d-be88-4345-a22c-af3530e901ff/2013-01-07_1403.png

    Yes sir. I will go in brand new if the hourly breaches to the upside. Blue line is buy order.

  • AMCabrera

    http://content.screencast.com/users/AMCabrera/folders/Jing/media/097cfbdd-ffc9-4c05-983a-f2480be0122a/2013-01-07_1406.png

    I should probably wait where the yellow line is but Im not overly exposed to the aussie or loonie. 

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

    /SI.  Short, but don’t want to see any higher than 30.25 march silver.
    May be I don’t see forest from the trees, and my stop should be wider. It’s just when everything points down, but darn thing refuses to cave…
    Also short miners via DUST. Same story.

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨ 
    ¨°º¤ø„¸F R E S H „ø¤º°¨ 
    ¸„ø¤º°¨ M E A T“°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

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

    reminds me of a time I was short XLE.
    refused to go down, for 7  maybe it was 11 trading days.
    ah well, emotions got the best of me – I bought a long position.

    so what happened? the price level broke lower and spent 3 or 4 days lower, and then took off higher.
    did I make a profit? Yes.
    was it a good trade?  I don’t think so.

    I should have ‘bought the fear’ when it broke lower.
    and then had a written down stop level, if (in the event)t continued even lower.

    I suppose you could extrapolate that SLV at the moment.
    -Gerb

  • http://twitter.com/NobodyTrader Nobody Trader

    Gun to head, I target the same levels some bulls are eyeing. Question is, and this is the kicker, even if it comes, does it come before or after the current ‘crisis’ gets dealt with. That’s where the positioning, the scaling in, the hedging, really matters, and it’s what most novices get wrong.