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Out Of Commission
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Out Of Commission

by The MoleDecember 18, 2017

You may recall that just last week I was complaining about my busted up hands and having difficulties typing. Boohoo – poor me! Well, in returnย for acting like a winy little bitch the universe over the weekend rewarded me with a lower back injury which pretty much renders me unable to walk straight or lay down without shooting pain. It’s not a full blown sciatica I think but some nerve that got pinched walking up a latter. As you can imagine it’s been nothing but fun and games ever since.

So please forgive me if I take a day or two off as I have basically reached my physical limits and won’t be spending much time watching the tape. Plus despite having splurged on an Aeron chair with lumbar support (they cost a fortune in Europe!) it’s not a good idea for me to sit all day. Instead I will try to stretch and release some of the misalignment that’s pinching the nerve and causing the pain in the first place. With a bit of luck I’ll feel good enough to see my chiro tomorrow who I’m sure will be able to put me back on the path of recovery. And I guess it’s a chance for my hands to heal as well. We’ve got to see the positive in any situation! ๐Ÿ˜‰

Now with the CME launching BTC last night both U.S. Bitcoin futures contracts are now officially active. I’ve posted the specs above and it’s important that you understand the differences. Basically Cboe’s XBT is the smaller one with a tick value of $10 and a tick size of $0.01.

What does that mean? It means that each step (or tick) on your XBT chart will move the value of the contract by $10 cent. But when trading XBT each of those ticks either earns or costs you 10 cents. Which is probably the contract retail traders will be focusing on. Unless of course they are either manic depressive or are freebasing crack, which judging by bitcoin’s swings over the past few weeks a majority of them are. So I guess we’ll be in good company!

CME’s BTC is the larger contract and each change in price represents $25 (the tick value). But when trading XBT each of those ticks either earns or costs you $5 (the tick size). You probably don’t want to touch this contract with a ten foot pole unless you’re this guy:

Obviously volume on both the XBT and the BTC is still miserable and most likely it’ll take a few months to attract enough participants to become sufficiently liquid. But I’m confident that it will happen and once we have accumulated more historical context there’ll be no telling how much fun we’ll have trading those two.

Alright, I’ve got to go and stretch my legs, literally. Once again apologies for my absence – it’s been a lousy Christmas season for the old battered Mole.


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.
  • Ronebadger

    Hopefully, you’ll recover quickly…I know you’ll be posting as much as you are able.

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

    been there, done that, 30 years ago.

    Ice for pain, Heat for stiffness, spine alignment and then muscle relaxers.

    Have a TENS unit if you can get one.
    https://www.tensunits.com/

  • BobbyLow

    Get well soon Mole. ๐Ÿ™‚

  • http://evilspeculator.com Sir Mole III

    TENS unit – way too fancy. This ought to do the trick:

    https://images10.newegg.com/ProductImage/A0N0_1_20130429142394573.jpg

  • ridingwaves

    at least you have your humor left…..Chiropractor or Deep Tissue-Thai Massage? I prefer the latter

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

    with those fancy European Voltages, it just might work!!
    =P

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

    Deep Tissue – is that what they call it? {snort}
    ๐Ÿ˜‰

  • ridingwaves

    Rub and Tug seems focused on Chinese Massage…those Thai places just bend the heck out of you….I walk out like i just went at it with MacGregor…

  • ridingwaves

    SQ and SNAP giving me Xmas present….
    feels like the tax bill was perfect setup to keep dollar from taking off…..more market love….
    dollar down .5 today

  • ridingwaves

    NG – any takers?

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

    maybe a longer move to fill the gap at 3.50 will commence….see if futures traders will start playing it long…the green volume is encouraging…

  • ridingwaves

    GORO chart that is shaping up nicely…..waiting for a retest a bit lower if it comes..bid at 3.98

  • Darkthirty

    Chiropractor / massage / acupuncture in that order. Stay hydrated

  • Julie

    Mole Thinking of you Hang in there Chief
    JULIE

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

    well well, look what the cat dragged in.
    ๐Ÿ˜‰

  • Julie

    Hi GG
    JULIE

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

    Blow off top ! F A gap up then a bounce off it’s 5 ema. GE holding 5 ema and Ichi Cloud conversion line (8). Stop F 12.78 on a closing basis
    JULIE

  • Julie

    GG Fridays move INTC was impressive corroborated by volume. Now a 61.8% retracement. CAT a higher high with negative divergences.
    JULIE

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

    a trap and a conspiracy.
    The SOX hasn’t been cooperating for days.
    http://stockcharts.com/h-sc/ui?s=%24SOX&p=D&yr=1&mn=6&dy=0&id=p36115266720

  • Yoda

    lol

  • Julie

    No intention of shorting CAT First must have a bearish close below it’s 5 ema as I previously posted then a decline to it’s 55 ema then a bounce to a lower high . It will happen. Patience. INTC 47 is going to be tough. Possible double top. Patience also
    JULIE

  • Julie

    Hi Yoda
    JULIE

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

    CAT has been share buy back.
    JULIE

  • ridingwaves

    we are lucky to have his presence as the force awakens…..

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

    if you say so.
    CAT, INTC, GE, VZ, yada yada – all DOW 30 stocks.

    http://www.dividend.com/dividend-stocks/dow-30-dividend-stocks.php

  • Julie

    GDX right up into it’s 34 ema as I type. A pullback to 21.65 would be tempting IMO
    JULIE

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

    gold silver copper, still strong. whoa – Platinum!

    GDX still on sale – not excited.
    http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=2&dy=0&id=p60021706294

  • Julie

    SWC Stillwater was a favorite play of my husband. Merged with someone else.
    JULIE

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

    SWC the only palladium producer in North America
    JULIE

  • Julie

    Amtrak derailment south of Seattle. Developing news. Very sad
    JULIE

  • Julie

    The train was southbound Seattle to Portland
    JULIE

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

    Stopped this AM on Long Oil at BE.

    I’m still long Gold holding at about +1R. Waiting for an exit and once I’m stopped out I’ll probably sit on my hands during the holidays and wait until the first week in January for available new entries.

  • Julie

    BL I have two very small positions F and GE. GE must have a bullish close above 18.06. A bearish close below 17.80 and out
    JULIE

  • Yoda

    Hi Julie. Preparing for the holidays?

  • Julie

    Yes . Cooking and getting ready for family. You and your family Merry Christmas and Happy New Year Be Safe
    JULIE

  • Yoda

    interesting

  • BobbyLow

    Cool. I’ve found prices (for the most part) to be a chopfest between just before Christmas and until after Jan 1. Perhaps this time will be different and I’ll have been out of the market for a few days experiencing withdrawal symptoms for nothing. ๐Ÿ™‚

  • Yoda

    Likewise to you and yours. Enjoy some time away from the screen.

  • Julie

    BL Everyone expects a Santa Claus rally. NDX presently up into the confluence of two upper trend lines. Watching NDX close
    JULIE

  • Julie

    GG F since December 4 I can see a triangle developing and completing D leg
    JULIE

  • Julie

    GG I read several years ago concerning the advent of high speed rail in the U.S. It is coming and the first location (prototype) is to be between Eugene Or and Everett WA
    JULIE

  • BobbyLow

    We’ve already been in a Santa Claus Rally since March 2009. ๐Ÿ™‚

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

    ack! eye bleach!
    I think I just threw-up a little.

  • mSquare

    Perhaps another opinion on GE at a very different site -SOH http://slopeofhope.com/2017/12/general-electric-reversal.html

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

    Are you kidding me? Timmy comes here occasionally to lick his wounds and get sound wisdom. Muwahaha.
    ๐Ÿ˜‰

    Can’t you just believe in a PnF chart, and leave it at that?!
    https://uploads.disquscdn.com/images/baad95226dffa1a2eb87b5d54a147b169a29c1eb2a76988f19744c56c12250a5.png

  • Julie
  • mSquare

    Yes, nice PnF Chart.

    As for SOH – I believe in getting my charts & opinions and gather wisdom from all sources – including ones I often disagree with…

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

    that’s what brought me here.

    I was directly asked. “Do you want to be right? or do you want to make coin?”

    I never LEFT. (well, there was one or two times, but that’s dead & buried)

    http://1.bp.blogspot.com/-ZfYBH4Kc9n0/TyohgpPyx1I/AAAAAAAAAQs/WHbtZLKxA-Q/s400/vault.jpg

  • http://evilspeculator.com Sir Mole III

    Thank you darling. I hope to be better tomorrow so that I can see my chiro.

  • http://evilspeculator.com Sir Mole III

    Actually potty time with a screwed up back isn’t fun.

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

    I’ve got 6 screws holding L4-L5 together, Dynesis system…pretty awesome actually. Still roofing at 56. But, there are bad days……….

  • Julie

    GE holding the 5 ema will retain (very small position)
    JULIE

  • ridingwaves

    anyone see LFIN tape last 2 days…..maybe prudent to look for spec and PE buyouts- investments like this company, where you can play around in the volume on moves like this…..

    from $15 to 140 in 2 days now back down to 60….

  • http://evilspeculator.com Sir Mole III

    Feeling much better today and will put up a post in about 30 minutes.

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

    EXCELLENT!

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

    it’s a trap

  • http://evilspeculator.com Sir Mole III

    picture???

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

    couldn’t find ackbar in a hospital bed.

    given that xmas is near, let’s remember the little kids.

    http://pedipec.pedistat.co/wp-content/uploads/2016/02/DSC01064.jpg

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

    Unacceptable. You can do better…

  • http://evilspeculator.com Sir Mole III

    NEW POST (half an hour ago ๐Ÿ˜‰