Wednesday 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.
Let’s kick things off with a shameless plug: I thought some of you non-subscribers would appreciate a snapshot of the action in the Zero indicator over the past two sessions. The Mole signals (on the right Zero Lite panel) have been calling the swings rather nicely, which is precisely the reason why I’m working on a pertinent black box system right now. If you are interested in taking the Zero out for a spin then click here to sign up for a free one-week trial.
Spoos at the 25-hour and that’s a good spot to be long with a stop below. If taken out then the 100-hour below ought to provide assistance near 1498 (by the time price gets there). Yes, I would flip for a short if stopped out and my target would be the 100-hour.
Silver has been sliding down the 100-hour since yesterday afternoon which is now meeting the 25-hour as I’m writing this. GREAT spot to get positioned as price will have to either push higher or fail one of them. I would be short on a breach of the 25-hour to the upside and a failure of the 100-hour to the downside.
More goodies below for my fearless subs:
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.
Natgas may be ready to bust higher today. Solid 25-hour ride and now attempting to breach the hourly NLBL above. I’m long with a stop below the SMA.
USD/CAD – established a lot of sideways support here via NLSLs. I’m long as soon as it manages to push above the 25-hour (which almost draws a straight diagonal down).
AUD/JPY – mimicking the spoos. Same setup basically – enjoy!
This entry was posted on Wednesday, January 30th, 2013 at 8:26 am. Both comments and pings are currently closed.