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Under The Weather
26

Under The Weather

by The MoleDecember 16, 2016

It’s a bleak rainy Friday in Valencia and it doesn’t help matters that I appear to have picked up my wife’s nasty head cold. Which she to no doubt had the pleasure of contracting owing to the fact that the basic principle of human to human pathogenic transmission seems to be a completely alien concept over here in Spain. Apparently the joys of coughing your lungs out for a week on straight is a seasonal tradition everyone is eager to pass on to the next guy. Damn socialists – they truly stop at nothing! Anyway after a rather unpleasant night I feel and look like as if I was just pulled through a drain pipe, with a mood to match. So let’s get on with it, shall we?

After big moves since Wednesday most forex and futures symbols are still shot to hell. Not much edge in there at least until after the weekend but let’s remember that Christmas is one week away and thus participation is rapidly going to diminish after next Wednesday.

2016-12-16_tesla

I’m still waiting for a touch of 203 in Tesla, and given how much time it’s spending here I may have to advance that entry to 204.

2016-12-16_tslac

My Ninja charts show you a bit more context on the daily and weekly panels. Note the weekly NLBL at 202.49 on the right panel.

2016-12-16_has

Hasbro has been dropping hard yesterday and seasonally it’s usually soft in December.

2016-12-16_hasc

Which makes it a great long candidate once it descends a bit lower toward 82. Great weekly context there as well and this could turn into a runner in January.

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gluhwein-625x336

Alright, that’s about all I can muster up today. I’m off to brewing myself a nice hot cup of spiked Glühwein. Here’s me wishing you a pleasant and pathogen free weekend.


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.
  • Ronebadger

    Yes…”pathogen free”! Indeed

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ridingwaves, did you give your 25% cut to Mole?
    he’s been asking for it. Needs cough syrup.

    ..$4 natty, are you crazy?
    😉

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://evilspeculator.com Sir Mole III
  • ridingwaves

    a bit crazy, definitely…
    I blame in on flouride…

  • StockTalker

    OPX shakeout, come to daddy:)

  • http://www.linkedin.com/in/sharondsessions/ Sharon

    Great , Daily Chuckles everywhere.

  • StockTalker

    Now, if 2250 breaks again then game is on:)

  • ridingwaves

    Japan surpasses China as the U.S.’s largest creditor

    interesting, China been selling a lot of treasuries over the last 2 years….they got out on top….

    Japan on the other hand better have a hedge….

  • ridingwaves

    precious metals finding some bids…

  • kudra

    grabbed some AKAO at $13.49 (13.50 was seocndary offeirng price).

  • StockTalker

    Bearish tape, getting slammed at resistance every wake.

  • Yoda

    You getting sick often Mole. You need to strengthen you immune system: Try 1 g of vitamin C, some echinacea drops and some B12 vitamin every day during the flu season.

  • Tomcat

    I think all “rallies” in PMs will be short lived in this rising interest rate environment (at least in dollar terms)… I am taking a step back and not get involved for now…
    I am with you on oil though. That sucker should see 60 print soon.

  • Billabong

    I wonder how rising interest rates in the 70s and 80s impacted gold and silver prices? Of course, taking out the Hunt brothers debacle…

  • Billabong

    Another discussion would be gold/silver with inflation running higher than interest rates leading to a negative real return…

  • OJuice

    This isn’t a bear blog.

  • http://evilspeculator.com Sir Mole III

    Well, for the record – my wife dragged it into the house and that’s when I got it. Plus in the gym where I train I enjoy going into the sauna. Every other guy who comes in is sick – it’s very easy to catch something.

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

    for T-lovers…

    Old school Rate T
    Decline of rates in 2015 projected a low of stocks in 2016
    https://uploads.disquscdn.com/images/e50a3f37a7b73ef215f3f01a3c0bd283df53f5f2c3619b6f97cd41483c905b96.png

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

    Hope you feel better, mate

  • http://evilspeculator.com Sir Mole III

    Thanks but I’m still feeling like crap – was a shitty weekend on my end with non-stop rain. Looking forward to taking some time off after Christmas…

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    If you average the top and bottom, you get a Bearish T termination.
    The red arrow is the hardest part to wait through.

    https://uploads.disquscdn.com/images/f81c41fbaf0fb629d3523d52bfe2ff7438aee13c3dc440c0eab1466fd9e75fd3.png

    -HGerb

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • http://ibergamot.blogspot.com/ i Bergamot

    Rates do it all the time…lol
    As far as stocks go – there is more.
    Link:
    http://ibergamot.blogspot.com/2016/12/video-rate-t-report-2015-study.html

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    is that a Russian Accent?

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

    Da