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There Is No Butter In Summer Opex Hell
71

There Is No Butter In Summer Opex Hell

by The MoleAugust 18, 2015

It’s OPEX week and clearly that is not helping what is already a sideways low participation high volatility summer tape from hell. So let’s treat carefully and pick our victims extra carefully.

That’s right, there is no butter in hell. So don’t try to be smart and play the swings here – you will be stomped on.

2015-08-18_spoos_briefing

Case in point: You may recall the NLBL on the daily E-Mini chart I posted yesterday. After breaching the diagonal this is where the boys were to be separated from the men. A breach higher would have put us on the path to taking another whack at the 2120 mark. But as many times over the past few weeks participation died off instantly and profit taking continued overnight. There may be another long opportunity (i.e. LKGB) near the 100-day SMA but we’d have to judge participation there. Which means – watch the Zero today like a hawk.

2015-08-18_bonds_update

My bond campaign has been taken to the woodshed and I’m out at break/even. Waiting for new instructions here – we may correct quite a bit lower and that will be a great spot to get positioned.

2015-08-18_sugar_briefing

Sugar stopped me out at ISL overnight but it’s still moving in the right direction. So I’m back in LONG but this time with a stop below that recent FU spike low near 10.5.

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,


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 various social media waterholes below.
  • Skynard

    Rubber meets the road right here, SPX lost 2100 AGAIN. Bearish for me, it will be difficult for the bulls to overcome at this point.

  • Billabong

    I have a buy signal on DX, sell on ZB, and Dr. Copper is at a multi-year low today dating back to 2009 … deflation msg? Even the utilities Bullish Percent Index popped above 72% in the last couple of days.

  • Skynard

    By my count the dollar is in a 3 of 3 from 97 level. This is justified by the current situation in commodities/cross currencies.

  • Skynard

    Last kiss:)

  • Skynard

    Past 2 days have accumulated shorts and long crude. See what plays out.

  • OJuice

    Nothing particualrly clear at this point imo. I think a test of the upper daily BB at 2115 or so might be in the cards.

  • Skynard

    If bears do not show up today we will more than likely see new highs IMO. Stop run likely

  • Skynard

    Bears showing strength, see if they can pull it off.

  • Skynard

    This entire ramp has not shown ant strength on the ZL and has made me suspicious.

  • http://evilspeculator.com molecool

    And so it should.

  • Darkthirty

    Yesterday was an algo ES pump. YM heading down, ES heading up. When TA becomes irrelevant, this putters are at work……

  • http://evilspeculator.com molecool

    That’s what we’re talking about…

  • Skynard

    Yes sir, that is what tools are intended for:)

  • buysidetrader

    zero is on vacation

  • Skynard

    Ya, all week or the past 5 trading days:)

  • OzarkHillBilly

    It’s August, and the Zero is European.

  • Skynard

    Lol, oh that’s what it is:) Let’s see if it is time to wake up!

  • Skynard

    VWAP failure should seal the deal.

  • http://evilspeculator.com molecool

    I’m not sensing any direction here…

  • Darkthirty

    Like watching old people fuck………..

  • saltwaterdog

    Nice. We will all take your word for it.

  • OzarkHillBilly
  • Skynard

    Lol, ewwwww

  • Skynard

    She is ready to drop like a rock

  • Darkthirty

    You’ll be there soon enough…

  • Skynard

    Here comes crude

  • http://evilspeculator.com molecool

    Hehehe – you and crude…

  • http://evilspeculator.com molecool

    It’s on Ibiza chasing girls in bikinis.

  • http://evilspeculator.com molecool

    BUT it’s hosted in the U.S.!

  • Skynard

    Definately has put in a bottom signal, soon enough

  • http://evilspeculator.com molecool

    Gotta love his tenacity. Like a dog with a Frisbee.

  • Skynard

    FN pitbull

  • Skynard

    Bear flag Rats!

  • http://evilspeculator.com molecool

    I hear you!

  • http://evilspeculator.com molecool

    Zero snappy:

  • Skynard

    SPX 2090 coming

  • Ronebadger

    how about an upward sloping red line from -.30 ?

  • ridingwaves

    70 is the new 60..

  • Skynard

    STFR

  • Skynard

    Adding 2095 if it hits

  • Skynard

    Go Bitch!

  • Skynard

    Hehehe, buy that dollar. Not going to help:)

  • ridingwaves
  • Skynard

    Bears, it is time to not be nice:)

  • http://evilspeculator.com molecool

    true – I’ll add that later

  • Ronebadger

    I just don’t think that a neg-div is a given…I’m seeing other positive hints elsewhere

  • http://greenlander1.blogspot.com/ Greenlander

    I’ve seen these low volume sell offs in equities (especially on inside candles) rope in shorts and spike up the next morning. Been burned so many times shorting into small range and low volume in uptrends (whether very short term or intermediate ones)

  • CandleStickEmUpper

    To that I would say that the last two days has roped in longs. Such is the sideways market we are in.

  • http://greenlander1.blogspot.com/ Greenlander

    Yeh both sides getting roped and chopped up past few weeks. Looking to go short if we hit the upper BB, but just watching for now

  • Skynard

    We should know tonight.:) ZL looked bearish at close and SPX below 2100.

  • Darkthirty

    Looking like a 4

  • http://evilspeculator.com molecool

    Exactly my thinking….

  • http://evilspeculator.com molecool

    You are promising resolution? 😉

  • http://greenlander1.blogspot.com/ Greenlander

    If I could program into my computer to not allow me to put in orders when price is sitting in the middle of the bollingers, I would be rich! Well not really but it would’ve saved me a ton of money :O

  • Skynard

    Good at catching the turns but no crystal ball yet.

  • Skynard

    Price action will:)

  • Skynard

    Here is a WTF

  • Scott Phillips

    Snort! What is this your 10th consecutive go trying to catch the knife?

  • Scott Phillips

    Every day is an algo pump in every significant market. Algos make up 70% of volume. They run this game

  • Skynard

    Lol, took profit and waited for the pullback to get into “V”:))

  • Skynard

    Damn, could be. One more move down to complete 5 on this fifth leg. Ride to 50?

  • OzarkHillBilly

    Right. Could just be one helluva big sideways correction since last year.

  • Skynard

    Will attempt to get long 2090

  • Skynard

    /NKD getting slammed

  • Skynard

    Looks like it can get interesting, taking a nap until Euro open.

  • Skynard

    Flipped /ES to long 2089, /NKD 20265

  • newbfxtrader

    molecool see price. no trendline.

    https://www.tradingview.com/x/wGjOmH55/

  • Darkthirty

    The standard is/was pump ES, the rest follow. When you see divergence on minute charts between ES/YM, you can assume the PPT is pumping ES.

  • Skynard

    Ya baby, big 5%er:)

  • Skynard

    Added long 2087.25

  • Skynard

    Wow, /DX huge stop run:)