Stock Symbol Salad

Let’s face it – you haven’t been watching your diet over the holidays and those jeans are starting to get a bit tight around the belt line. Don’t despair – Dr. Mole is here to help – we’re going to get that muffin top back into shape for spring in no time. In addition to a rigorous tea bag lifting routine I am also prescribing you a nutritious diet starting with today’s stock symbol salad. Go ahead – dig in!

Let’s start with the E-Mini which has been scaring the children a little in the past two days. However most notably it dropped all the way to its daily NLSL and then bounced back. Great first test and that means we should remain long until we see a breach of 1,491.25. Easy peasy lemon squeezy – but no sugar on top, alright?

CCJ – very interesting configuration. It’s been bumping into resistance near 22 in the past two weeks plus there was a quick visit of the 25-hour which snapped right back. I would love to be long on a breach of that diagonal.

CVX – Chevron near its daily NLSL plus there’s activity near its 100-hour SMA. Great inflection point.

DRYS – our long near that neckline got stopped out but now we have a bit more context. I am currently still in neutral but will shift into first gear if we get another breach of the neckline. And back into reverse if that 100-day SMA is being taken out.

More charts and non-biased 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 or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.

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Cheers,

This entry was posted on Thursday, January 31st, 2013 at 2:11 pm. Both comments and pings are currently closed.



  • JackSparow

    @ bullregard, skynard..

    a close above 3.396/4 is quite bullish, if not pile on the shorts? :)

  • Pervergence

    How about one of you hotshot traders start a system on C2 so we can subscribe and see what the reality is around here???……I would like to see people’s trading results.
    still short GG

  • http://dartht.blogspot.com/ Darth_Gerb

    CVX PnF target reached.

  • Joe_Jones

    C2?

  • bullregard

    agree… said it too in the previous conversation, would cover above 3.40. 

  • http://dartht.blogspot.com/ Darth_Gerb

    algo’s for hire.
    (i’d post a link, but I won’t)

  • http://evilspeculator.com molecool

    I’m working on something – very soon now…

  • http://dartht.blogspot.com/ Darth_Gerb
  • bullregard

    yep… some were transferred to the previous page, some just eaten…

  • bullregard

    Link from CME, hope it’s okay Mole. Open interest, switch to March and see a lot of call being bought on 3.40 today. That means to me it will bounce back from it. Also lots of puts cleared from 3.35, to leave room down. 3.20 seems to be a floor for now, lots of puts bought.

    http://www.cmegroup.com/trading/energy/options-open-interest-natgas/main.html

  • Joe_Jones

    I think it should be interesting, but I don’t know if I would participate if it would be open for viewing by the whole internet community. 

  • Skynard

    Biggggggg push now:)

  • bdoone

    Could get some end-of-month whip

  • convictscott

    Someone wanted a collective 2 link. This is one of Krastins students, I think the ruleset is very good. It is currently in drawdown, but drawdowns are a fact of life with mechanical systems.

    http://bbr.collective2.com/#

  • convictscott

    I have always left my results in a public google docs spreadsheet. It helps remove bias when the truth is up for the world to see.

  • convictscott

    collective 2 – it lets people develop mechanical trading systems using an API and rent them out to the public. You can trade them automatically.

  • Joe_Jones

    Thanks

  • Schwerepunkt

    I see death is still lingering, unwilling to deal the lethal blow. Stayed by the Bernanke. Don’t eat the salmon moose.

  • Curiousmind3861

    wow another new high for USDJPY…unbelievable

  • Joe_Jones

    VIX finished the day at …..unchanged. 

  • http://ibergamot.blogspot.com/ i Bergamot

     I thought I replied to this…strange
    Anyway, if you click my name it will take you to my blog. Its not an advisory service, nor a market commentary. Its my journal where i keep my notes and record trades. Feel free to ask questions – what i do is very basic and easy to explain.
    Gain or loss – its all there
    Now Mole will kick me for sure…

  • Joe_Jones

    OMG, Zeroedge has gone bullish:
    http://www.zerohedge.com/news/2013-01-31/shorting-market-these-pomo-days-may-be-hazardous-your-health
    Buckle up, the bus is about to depart ;-)

  • http://dartht.blogspot.com/ Darth_Gerb

    putting my quote on your page?  hey, I didn’t sign a waiver. ;-)
    then again, this (EvilSpec) is a public forum.  or isn’t it?
    cyberspace, I’m so confused.

  • http://dartht.blogspot.com/ Darth_Gerb
  • http://ibergamot.blogspot.com/ i Bergamot

     I only quote people who have something meaningful to say and important  for me to remember.
    He-He

  • mrmik3

    … same with EUR/JPY.. you know the saying the trend is your friend….

  • JackSparow

    Thanks! 

  • BobbyLow

    And the same for the CHF/JPY

    Calling tops or bottoms because something can’t go any higher/lower in the past has given me much more Pain than Satisfaction.  However, my reward was that I finally earned the right to have some Patience.   :) 

     

  • AmazingLarry

    Oh lord. I saw yesterday that another ZH permabear finally caved on his convictions, Biderman. Just need Hussman and a few others to cave and we’re golden. 

  • http://evilspeculator.com molecool

    Hey, I have a hard time reaching you mate.

  • Skynard

    Got shaker out, currently long from the re-test today @ 3.7.

  • Skynard

    Chart attached

  • JackSparow

    ZH is founded and anchored in the flawed strategy that “collective consciousness drive markets” that alone should keep real traders away :)

  • JackSparow

    impeccable entry! I had the same point in mind, and would have gone for it if not for 6A that is currently keeping me engaged

  • bullregard

    Descending channel slapped on…

  • JackSparow

    AUDUSD short still on.. :)

  • Skynard

    Thank you,

    Decided to wait out the frenzy since a re-test was probable on /NG. Still short AUDUSD for the moment, although if we do not see selling pressure a test of the upper BB may be in order. Currently has both the Hr/D 100 at the moment since that div on the hourly was born.

  • Skynard

    Liking the action in commodities today with the exception of /NG:

  • Skynard

    Mole uses these diagonals allot, need it broken.

  • newbfxtrader

    Hussman? Not going to happen….

  • mrmik3

    ..yeah man i thought that pair would keep banging higher when we talked last week… but this thing really just keeps going!! i had no idea it would keep banging this long which is why there is no point in picking tops and bottoms!! A lesson I learned long ago.. not through losing trades just from observation… and im only talking currencies here!

  • http://dartht.blogspot.com/ Darth_Gerb

    Well, it’s official – Bullish Percent reverse on the SnP showing up on the Box 1.0 now.
    even if risk drops down to 80, it could still bang around like the left side of the chart (Oct).
    http://stockcharts.com/h-sc/ui?s=$BPSPX&p=D&yr=0&mn=4&dy=0&id=p31959842529

    Yes, Risk may turn around and go to 90+
    Yes tops are processes, and could take time.
    but hey, if you happen to be ‘balls to the wall’ (long) – you might want to take a look around the room, and take one step toward the exit.
    my two grams.
    -Gerb

    ps. Mole may have said all of this in the lair days ago. if so, just pet my tail & smile.

  • newbfxtrader

    Music is still on. Just keep dancing near the fire escape!

  • http://dartht.blogspot.com/ Darth_Gerb

    Yes.
    http://tinyurl.com/a9a3fn5
    (it’s a news article, I blew my info diet)

  • Skynard

    /DX could have landed now:)

  • newbfxtrader

    Um thats not legal…..

  • Skynard

    Hehe, you don’t say:)

  • AMCabrera

    Although I do agree with Jack I have say that is some pretty funny stuff.

  • DudePlunger

    Hey just fyi…this C2 is a major work in progress.  The API I’m using + C2′s programming isn’t 100% copying my signals from my broker.  So far it’s taken 1 extra trade (a winner) and missed out on 2 trades (both winners.)  So really not ideal.  I’m doing my best to fix it with the programmer, but it’s still a work in progress!

  • convictscott

    Im back! hit me up on skype

  • convictscott

    Agree. All the small timeframe euro charts are very supportive of a decent top in the next few hours

  • http://iberianviews.blogspot.com/ catracho

    EURO trend is STILL up..but could be a retrace here (looking at daily chart) ; sold my longs and small short, but aware this is countertrend play tight stop..

    Longer/Mid term still looking at 1.40..looking at weekly chartAny decent fall would be buy opp imo

  • Skynard

    MM’s fakeout on that huge pattern:)

  • convictscott

    classic

  • Skynard

    Time to put some more pressure on AUD:)

  • http://evilspeculator.com molecool

    My inbox this morning: http://tinyurl.com/ak3ckes

  • http://evilspeculator.com molecool

    It’s going to be one of these days…

  • bullregard

    Sky, how’s your NG short holding… been stopped or still in?

  • bullregard

    It’s hesitating before the yesterday’s high…

  • Skynard

    Still short and holding, 3.4 critical.

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨ 
    ¨°º¤ø„¸  N E W  „ø¤º°¨ 
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • bullregard

    yeah… i’m forced to stay in.. my access starts at 9:30…

  • captainboom

    This is what can happen if I screw up in my line of work, and the reason there are fire codes that *must* be met.  Tragedies like this are very avoidable.  All it takes is some common sense, and following some rules.  Much like trading.

    Sure, pyro is cool on stage with a band.  I suspect that far too often, those who are using it have little to no training, and those who allow it to be used in a situation like this border on criminal.  Based on what I’m aware of from this situation, there is no way pyro should have been used in that venue.  Same as what happened in Rhode Island a few years back.  Sigh…

    Back to trading…




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