Pay Attention Now

I must agree with Skynard’s musing earlier this morning – we are about to see a large move on the forex and futures front. Equities are simply the tail being wagged by a big (and currently snarling) dog. Time to pay attention – summer or not – these are conditions in which to bank some coin.

2015-07-23_spoos_briefing

We are somewhat in limbo on the spoos right now but I think we’ve got an short term inflection point around 2114 – so if we push up a little I’m planning to be short until 2115 – long above that. Small position sizing here as I’m preserving my capital for much better setups (see below).

2015-07-23_EURCAD_update

EUR/CAD update – our evil plan is proceeding as planned and this is now officially a daily campaign. I’m trailing a respectable distance away to lock in a bit of profit just in case but allow enough room for a continuation higher.

2015-07-23_ZB_briefing

Bonds – I’m actually already in ZN but if you have an appetite for exposure I think the ZB is looking trendy this morning.

2015-07-23_natgas

Natgas – I’m short near the high of the current trading range. Actually I think this is about to breach higher so I plan to flip for a long near 2.93. As you know NG can move fast so I’ve programmed it all in for quick execution.

Quite a bit more looming below the fold – please meet me in the lair:


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That ought to keep you guys busy for a while. Enjoy the setups but don’t get over exposed – and I’m referring especially a certain reader with a shampoo like avatar.

Cheers,

Setups Setups Setups!

It’s going to be a busy morning as setups are crawling out of the woodworks and everything must go! On the equities side further weakness overnight has brought us to the first real hurdle:

2015-07-22_spoos_briefing

That daily Net-Line Sell Level at 2102.75 is one of three that should start slowing momentum a bit. If we manage to push above 2106.75 then I’ll grab a few long positions with a stop below the recent spike low (wherever that’ll be).

2015-07-22_ZN_briefing

Bonds – I got kicked out of ZB the other day by just a few ticks which was highly annoying but it happens in the best families. The hourly NLBL breach here on the 10-year contract was good enough reason for me to try another stab at this. Conservative stop below the 100-hour SMa.

2015-07-22_AUDJPY_briefing

AUD/JPY – what’s to be said here – long of course with a stop a few pips below the 100-hour BB.

2015-07-22_EURCAD_update

EUR/CAD update – unlike ZN that one stuck with the script and I’m moving my stop to 1.414 now. You may recall that I am waiting for it to switch into trend mode. We are close but not there just yet.

We’re just getting warmed up – more setups below the fold:


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Decent participation here in recent days, given that it’s mid summer and all – keep it up steel rats!

Cheers,

cheesy

I’m Your Huckleberry

I’m sensing a possible inflection point across various market verticals this morning. Now if you ask me what I mean by ‘sensing’ and if I have completely lost my mind then I would respond with ‘divergences and assorted correlated price action’ to the former and ‘affirmative’ to the latter. Let’s just say that I’ll be bull’s huckleberry up here – but only until 2124.25 – my boldness comes with price limits.

2015-07-21_spoos_briefing

All jokes aside – I’m a bit pressed for time this morning so let me walk you through my nefarious plan. Basically equities seem to be slowing down and are clearly diverging. The YM for instance is already pointing down while the NQ is still holding strong. This could of course mean nothing but the 25-hour BB is looking like a python at this point and is seamed by Net-Lines on the up and down side. All that represents a reasonable inflection point I plan to exploit:

  • I’m already short 1/2R with a stop above 2124.25.
  • If we drop below  2115 I’ll be adding 1/2R to my exposure.
  • If stopped out I’ll be long with a stop below the lower 25-hr BB to ride the final phase of the ongoing squeeze.

That’s very little risk with potentially high rewards. Just the way I like it.

2015-07-21_AUDCAD_briefing

AUD/CAD is also looking good and I think it’s a great short (didn’t mark that on my chart) and that’s my current position. UNTIL of course we push above that diagonal – which is when I plan to be long.

More goodies below the fold.


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Promising price action today and other setups may be developing – so get busy and let me know how you fare.

Cheers,




    Zero Indicator


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    3. Sell Off Thursday Wrap Up
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