Monday Morning Briefing

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.

Contract roll over on the E-Mini and thus our continuous chart is a bit more soft technically. However, what we do know is that it’s coiling and that it’s observing both ST SMAs and thus far the NLBL above (which will have expired by the time you read this). It’s looking a bit listless but I’m currently long with a stop below the 100-hour – done and doner.

USD/JPY has been one of the best behaved currency pairs recently. That 25-hour is holding up nicely and as I don’t like to complicate things I remain long with a stop below.

Platinum – started to trade this contract recently and I’m really starting to enjoy it. A bit volatile but it does seem to obey clear cut support resistance/support clusters, in particular my 100-hour BB. I am long right now with a tiny position and will add a few contracts as soon as it crosses that NLBL and its 25-hour SMA. Not yet interested in a short position – I would have to see a bit more activity down here.

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Cheers,

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