Short Term Chart Roll Call

Without much further ado I am starting a new theme on Evil Speculator – which is the short term chart roll call. And yes, we are currently interviewing evil scientists interested in shooting hapless bears into space and forcing them to watch endless repeats of past FOMC minutes. Heck, that could actually be a cool concept – can you guys imagine the robots ad-libbing snarky comments during Banana Ben’s presentations?

My quick take on today’s tape: Unless the bears step in rather quickly the short squeeze Scott proposed may just be in the making.
[amprotect=nonmember] 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 it includes access to all Gold posts, so you actually get double the bang for your buck.
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Silver: We seem to be consolidating, which is not surprising as that recent sell signal does not appear to be good for any meaningful red candles. New NLBL at 36.45.

The spoos: We are above that recent NLSL again – again, not surprising after yesterday’s doji. New NLBL at 1352.5.

The Euro: Briefly breached its NLBL of 1.42757 today – the jury is still out on whether or not we can close above it as we seem to be painting a doji right here.

Crude: We not only seem to be closing above 100 again today but also are a few ticks away from triggering a NLB at 100.7. That would be bullish and probably provide a boost over in equities.

Cheers,

Mole