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Thursday Morning Briefing

Thursday Morning Briefing

by The MoleJanuary 24, 2013

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.

The E-Mini is back at its 25-hour – another opportunity to get positioned. Remember to look out for the lower 25-hour BB if she breaches below before the open. Also there’s the 100-hour and a NLSL looming right below. I wouldn’t waste any thoughts on short positions until all that is sitting above. Rock on.

Copper painting an interesting trifecta this morning. If price can overcome those two entangled SMAs then I think we got  more upside on the horizon. If not then this puppy may just roll over on its back.

AUD/JPY – back at its 100-hour. I like those retest setups – currently long with a stop just below the SMA. Willing to flip n a drop through but it’s looking bullish.

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Cotton – back dancing on its 25-hour. All quiet on the western front, and I’ll just keep being long until I receive further instructions from my field marshal.

Crude – quite a little sell off there yesterday. It’s attempting to fiend its bearings and the 25-hour will be an important test.

EUR/USD – not a setup right now unless you want to get positioned near the 100-hour. But someone (or some bot) is causing those intermittent spikes which all form a dropping sell level near 1.334. Watch out for that.

AUD/USD almost near support. The daily correlates pretty nicely so I would expect some type of bounce there.



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.