Thursday Road Map

Finally this month’s Mad FOMC Wednesday is behind us and we can get back to what we do best – squeeze ill-gotten gains from this crazy market. We have a ton of juicy setups today and equities also offer us various ways to get (mildly) exposed, so let’s get to it.

2015-07-30_spoos_roadmap_briefing

Now, I’m going to make this extremely easy for you today:

  • While we’re between 2100.75 and 2095.5 – do NOTHING. This is hardcore churn territory.
  • Above 2100.75 the bulls are in possession.
  • Below 2095.5 you can be short with 1/2R or less.
  • At 2085 we evaluate – best to consult the Zero at touch down to see if there’s a potential fumble in the cards.
  • Below 2083 I will already be short if I see lackluster participation on the Zero. And yes, I misspelled SHORT – but at least I spelled misspelled correctly.

2015-07-30_YM_roadmap_briefing

Similar thresholds on the YM – I think you get the general idea. The easiest configuration by the way happens to be on the NQ today but I’m keeping this for my intrepid subs.

2015-07-30_crude_briefing

Crude – I think the chart is pretty clear, n’est-ce-pas?

2015-07-30_EURUSD_briefing

The Euro – well, as much as I want to see it crash and burn I have long learned that there’s a magic buyer down here and I probably won’t get my wish. Long here with a stop near 1.092 at which point I’ll flip for a small short.

You want more? Then pay up and join the club – freebie mongers only get to see the tip of the iceberg.


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That’s probably a lot more leads than you cared for – being mid summer and all. Just crank up that A/C, grab a glass of iced coffee and get to work, you lazy bastards!

Oh sorry – coffee is for closers only.

Cheers,

Volatility Wave Surfing

It’s that time of the month again and you know the drill. While the MSM is waiting with bated breadth to receive the announcement of the FOMC we hunker down and let any big volatility waves wash over us:

So unless you are prepared to be smashed against the rocks stay out of the water.

2015-07-29_events

I don’t know why those wankers always have to schedule this in the middle of the day. Let’s get it over with at the open so that we don’t waste a perfectly good trading session. Does it take that long to get Mrs. Yellen camera ready? Enough said…

2015-07-29_spoos_briefing

As I’m not completely useless here’s some context. The spoos would be a good entry near the 100-hour and 100-day SMAs which are now correlating. My kind of setup but it’ll have to wait until later this afternoon.

2015-07-29_NQ_briefing

The NQ’s inflection point is 4550 as you recall – we’re just below it. I’m actually surprised this one didn’t take off yesterday – it’s usually the most bullish. Yes, yes, I know what you’re thinking….

2015-07-29_YM_briefing

And so that you don’t think I’ve gone complete bulltard on you guys here’s the YM which is a delicious short below 17524. Only problem is that if there’s some FOMC surprise announcement we won’t be able to get in.

Favorite quote of the day:

“Some people are paying attention to the FOMC, but I don’t expect specific reference (from the FOMC statement) about a rate increase this time,” said Ishizuki, noting that the Federal Reserve probably won’t put all of its cards on the table at this stage, avoiding running into an impasse.

“They don’t have to disturb a sleeping child,” said Ishizuki.

And that, my dear steel rats – is all you need to know about the financial media. And how they view market participants. Ignorance is bliss I guess – and you sleep better!

See you guys post announcement.

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don’t waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Cheers,

Dangling By A Thread

Once again we are trading near bearish territory but I don’t mean to attach any directional bias via this post’s title. We all have seen major support come and go many times over the past few years. In most cases they served as great opportunities for the bulls to BTFD. Now clearly market conditions are shifting and the bearish case has been gaining a lot of credence over the past few months. However short of having a crystal ball the best we can do is to position ourselves appropriately near important inflection points and monitor the tape carefully for early clues. But have no fear – the Mole is on the case, as usual.

2015-07-28_spoos_briefing

We are actually enjoying quite a bit of context right now and I plan to take full advantage of that. The spoos are now testing a weekly NLSL near 2063 and thus far it’s holding. Should we close the week below it then the trend will most likely switch to the downside. So this will be a key week and that’s exciting!

I’ve moved my trailing stop covering my remaining shorts near the 100-hour SMA. May be a bit tight but unfortunately there’s no NLBL or old NLSL to bolster resistance. Sometimes you just have to make due with what you got.

2015-07-28_NQ_briefing

The NQ thus far the strongest of the bunch and here our inflection point is 4550 – above it we are pretty much in bullish territory. Below it we may be testing the 100-day SMA but there’s a LOT of support to still be taken out – so call me skeptical.

2015-07-28_YM_briefing

The YM clearly is the most bearish index here and after scaring the children a little we bounced higher here overnight. Which however does establish 17319 as our bearish inflection point. If the YM goes then the ES and NQ may follow suit.

In general seeing such discrepancy between the three horsemen are not the hallmarks of a healthy equities market. Which is why I am considering the bearish case at this point – but I’m most definitely respecting all that support that still lays below us.

2015-07-28_ZB_briefing

Bonds – the 30 year now in shake out mode and I think it’s a plausible buy near 154 – if we get that low.

2015-07-28_EURCAD_briefing

EUR/CAD – also correcting and that would be expected after that first stab higher. Nice entry opportunity IMNSHO near the 100-hour SMA which is strongly rising now.

You want more? Then pay up and join the club – freebie mongers only get to see the tip of the iceberg.


More charts and 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 subscriber you get free access to all Gold posts, which gives you double the bang for your buck!

Please login or subscribe here to see the remainder of this post.

That ought to keep you guys busy for a while. Have fun but keep it frosty – don’t get over exposed, which means split your exposure between correlated symbols.

Cheers,




    Zero Indicator


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  3. recent misdeeds

    1. Bonds Bonds Bonds!
    2. Monday Morning Briefing
    3. Fixing The Flaws In Fixed Fractional Position Sizing
    4. Thursday Road Map
    5. Volatility Wave Surfing
    6. Dangling By A Thread
    7. Paying Attention Pays Off
    8. Sell Off Thursday Wrap Up
    9. Pay Attention Now
    10. Setups Setups Setups!



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