Tuesday Morning Briefing

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.

I trust you all spent your three day weekend reminiscing about George Washington but now it’s back to the grind – so put on your game faces and try to look busy. The E-Mini has been working its way higher and may be touching a short term reversal zone. I am planning on being short here until I see a push above 1421.5 and above. The next hour or so should be interesting so pay attention.

USD/JPY meanwhile back at its 100-hour SMA – there’s also an hourly NLSL right below thus it’s a great inflection point for trading a bounce or breach lower.
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.

Bonds – the 30-year is attempting to climb its 25-hour right now. I’m ambivalent here as the 10-year already dropped below its own. Unfortunately the 100-hour is right below which means I’d be more interested in a long here, i.e. only see a setup if that 25-hour on the ZB is supportive.

Natgas pushing through its 100-hour – as you can see a breach has been good for acceleration recently and I intend to grab some longs here – short on a reversal.

Copper – short here near the 25-hour SMA. Long on a breach but the odds are low for that as I’m typing this.

GBP/CAD – at its 25-hour – let’s see if that climb continues.

EUR/GBP making up its mind – I’d be long ona  breach of the NLBL. Not my favorite setup but passable.

EUR/CAD – near its 25-hour SMA and you know the drill. That NLSL right below should offer extra support.

CAD/JPY may hold that NLSL – if not I’m short expecting continuation. Never under estimate the potential for a long (or short) squeeze in Forex! Which is why I keep you guys at 5x leverage max.

CAD/CHF should have some trouble breaching through all that resistance – short for now until it tells me otherwise.


Good to be back – too many holidays in the past few weeks 😉


This entry was posted on Tuesday, February 19th, 2013 at 8:35 am. Both comments and pings are currently closed.

  • Skynard

    Thanks Mole, reversing /NG long here. Looks like a short squeeze.

  • Joe_Jones

    Yep. Good to see you back.

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

    Have you seen this?
    Canadian equivalent of Time magazine

  • http://evilspeculator.com molecool

    Mmmmwwuuaaahhaaaaahaaaaa… :-)

  • Ronebadger

    NOW we’re getting somewhere!

  • Skynard

    Hehe, short /ES @ 21:)

  • ridingwaves

    QCOR Squeeze in play still, sold WEST on no volume follow thru..

    Jumping into OSIR for longer term play off news in Europe..plus a little ride today…its a gift right now…

  • Skynard

    Back long /DX:)

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

    nobody rings the bell at the top, but it’s getting close, don’t you think!?


  • http://www.facebook.com/profile.php?id=100001131611045 Exar Kun

    Haha, mole, tks for the Nasgas’s heads-up! Looking good right now! Let’s see if it hits 3.4. Didnt take the short ES bcos channel’s broke upwards and not comfortable going long either after missing the entry a few hour ago.

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

     I had two friends calling me over the weekend, asking where to put money in a stock market. I told them “its too late”, but nobody listens to me anyway. This is more talks about stocks, than all of last year…
    Short oil via SCO.
    lets see what she can do

  • Pervergence

    s GC (still)…….shorted SI at the 25sma break….took profits…….s ES

  • Skynard

    Full short /ES:)

  • Pervergence

    s 6A…..sES…..sGC

  • Pervergence

    took profits 6A…..closed out es because of TDA and a stalling pullback……s GC still

  • supervilin

    Amazing divergence on 5 min zero! it better work :)

  • Pervergence

    Ignoring all divergences because of TDA myself

  • Pervergence

    The 5 min morphed into a nice phat bull flag imho…..up we go……

  • supervilin

    maybe you right. should not go against strong TDA

  • Pervergence

    have repeatedly tried it……decided to not be insane and repeat the same mistake over and over.

  • Pervergence

    GC…….keeps dropping…..even with DX dropping…….

  • ridingwaves

    QCOR has a week to move up before earnings…short ratio is 19….could find 40…
    OSIR has short ratio of 41….they just regrew a mans foot…unbelieveable stem cell technology..

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

    Well, lets see if /NG moves just as fast in the other direction as it does well:)

  • Pervergence

    Waiting for the panic in silver…….

  • Skynard

    The problem with that is the signal is limp. Should see some follow through me thinks.

  • Pervergence

    Good enough….took profits in SI……..still s GC

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

    how about a gap down, THEN a panic? (like Dec 2011)
    July created a range of 26 – 27.

    EDIT: otherwise, there’s a volume hole down to the 2008 high of $20.

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

    DUST, stopped out $47.13

  • Rightside_ot_trade

    Not sure if anyone is up for a short on a trend day.
    NKE has been in a flat range ~ 3 points for a month now
    Rejected its Daily Buy Line today and is now under the hourly 25&100

  • AmazingLarry

    For what? What’s the trade? Sorry dude, I don’t understand why you just keep posting all your profits. 

  • momac

     Did Mole send out an email saying it was a trend day?  I haven’t gotten any morning emails about trend days for awhile.

  • Pervergence

    Well…..I figure on a trend day……the increase in ES will continue to crush the metals…….the trade was the break at the 25hour which I took…….but I’m looking to short SI again on a bounce…….s GC is a position I have been in for a few days…….and will most likely hold overnight……I took a loss on my ES short after it stalled……and with the TDA decided not to buck the trend…….

  • Pervergence

    I got it…….fortunately

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

     Sounds like a plan :-)

  • Skynard

    Wow, not sure about this tape. Crude, silver, copper, gold all in a down trend. Holding short this bitch!

  • Darkthirty

    POMO day too

  • http://evilspeculator.com molecool

    ¨°º¤  S H A K E   N ¤º°¨ 
    ¸„ø¤º° B A K E !“°º¤ø„¸

  • Pervergence

    pretty weird eh?

  • Skynard

    Always follow crude oil:)

  • supervilin

    thanks for saving my ass, dude :)

    Zero Indicator

    Darth Mole Alerts

  1. poll

    • How many discretionary trades to you place per month?

      view results

      Loading ... Loading ...

  2. NinjaTrader

    search warrant

  3. recent misdeeds

    1. Welcome Back!
    2. Happy Thanksgiving
    3. Great Call Flawed Execution
    4. Time For A Little Hedge
    5. Soylent Green And Orange
    6. Misses Mean Reversion 2015 Runner Ups
    7. The Mad Momo Ratio
    8. Europe Will Never Be The Same Again
    9. E-Mini Session Wrap Up Video
    10. Support Zones