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Return Of The Market Mole
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Return Of The Market Mole

Return Of The Market Mole

by The MoleApril 2, 2015

After a 15 hour journey the Mole has safely returned to beautiful Valencia. We actually had a two hour wait at Charles De Gaulle where it was rainy with temperatures around 7 Celsius (44 Fahrenheit). But when we arrived here in VLC 90 minutes later and 1000 km (640 miles) to the South we were greeted with sunshine and balmy temperatures around 25 Celsius (77F). We had a wonderful time both in L.A. and especially in Mexico, but Spain really feels like home at this point and we are thrilled to be back.

Mexico_beach

Although I have to admit – I am really going to miss those Mexican beaches. Puerto Vallarta is a great place and I for sure plan to explore more of Mexico, especially since I speak the language now. We made a few friends there and if it wasn’t for the crappy Internet connection I could easily spend a few months there each year.

Now with the exception of a few little technical snafus it seems that the blog kept humming along just fine without me. Scott really did a bang job keeping you guys busy and ahead of the tape, and for that I am immensely grateful. When I was peeking into the comment section I saw that he wasn’t holding back and some of you guys were in for a few hard knocks. But that’s what it takes to get into the top one percentile folks – shoulder padding and kumbaya will not get you to consistent profitabiliy – which I’m sure many of you are realizing at this point. We are not pulling any punches here for a reason – expect more of the same bitter medicine now that the Market Mole is back at the helm.

2015-04-02_Zero

Now let’s take a quick peek at the tape before the market closes. The Zero is pretty ambivalent here and it looks to me as if this could resolve either way. The Zero Lite shows us decent participation on the buy and sell side.

2015-04-02_spoos_setup

But I love the short term context here. Going to grab a long right now with a stop below the hourly NLSL. See how we have defined the weekly NLSL near 2031 all week. Also note that we are painting a series of hammers here, which appears to be bullish.

2015-04-02_spoos_setup_daily

On the daily we are once again near that 2040 inflection point that has been acting as a magnet for the past two weeks. You can also play this one as a hammer long and if stopped out it will become a failed hammer short. Both setups seem very juicy to me and I plan to have a seat on whichever bus leaves the station.

Alright – that’s all I have for today – it’s getting late over here and I’m a bit jet lagged although I managed to somehow sleep on the plane in a somewhat contorted position. Plus I have a ton of unpacking to do. See you guys Monday morning, bright eyed and bushy tailed. It’s good to be back!!!

 

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Cheers,

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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 the usual social media waterholes.
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