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.

Silver is toying with its 25-hour and a soon expiring NLBL. So far it’s been hanging on but I’ll be short here until a breach of 31.075.

But it’s really all about currencies this morning. The greenback is now back below both short term SMAs and will soon run into its 25-hour. I plan on being short until I see a breach of that SMA.

Nice SMA setup on the AUD/USD – it’s at its 25-hour right now, let’s see if it’ll act as support.

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Cheers,

This entry was posted on Wednesday, February 13th, 2013 at 8:18 am. Both comments and pings are currently closed.



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

    GBP/USD
    pennant breaks can be exciting, but you always have to watch out for the channels.
    http://s18.postimage.org/tdnf9nj2h/temp1.png
    -Gerb

  • http://evilspeculator.com molecool

    Hey man – where is everyone?

  • http://evilspeculator.com molecool

    I know Monday is a holiday but this is a bit strange…

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

    dunno.  it’s a very bad omen.
    I can see AMC flaking, but Sky? – just not good.
    good to see Scott last night.

  • Darkthirty

    Rapture….that’s why we’re still here!

  • Rightside_ot_trade

    Good price action past few days; reversal yesterday then very fast exit of those new longs overnight. Now it gets interesting

  • Rightside_ot_trade

    Short NZDUSD on loss of 25 may not hold very long, it’s winding up it seems on the daily

  • http://evilspeculator.com molecool

    maybe it’s a good omen – a lot of retailers disappear ahead of big moves ;-)

  • Ronebadger

    NY Times reported yesterday in the Science section that a 150 mile long asteroid is going to pass within about 20,000 miles of Earth on Feb. 15th.  While it will be that close on Friday, don’t be scared, it really is only about 213 ft in size.   http://www.spaceweather.com

  • Skynard

    Present and awaiting this big move:)

  • Skynard

    Back on the /SB train again, think it was a major shake out before a move up:)

  • Skynard

    Hehe, looks like the party is getting started.

  • Rightside_ot_trade

    We have a new hourly NLSL at 18.09
    for stop help. I’m out but
    looking for an entry

  • Skynard

    Was contiplating a short last night but that huge hammer scared me off:)

  • bullregard

    YCL/YCS not available for trading… seems NYSE has a glitch for symbols R through Y. SLV on NYSE too.

  • bullregard

    haha… the dyno asteroid was less than 10 miles… NYT wouldn’t blink if they wrote Mars is passing under the geostationary orbit… all is an abstraction for them… morons.

  • Skynard

    Short filled @ 21

  • Pervergence

    Took GC short at 25 hr breach…..so far so good

  • Ronebadger

    VXN is cranking…up 6% +

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

     I am generally impressed by consistency of  NY Times reporters.
    They are always full of shit ;-)

  • Rightside_ot_trade

    Steam pressure is picking up
    Roll over those shorts :^)

  • Joe_Jones

    I wish… 

  • Skynard

    Out at 33 from 17. Wait ing to re-load.

  • captainboom

    Present.  Working on trading system, so kind of quiet.

  • Skynard

    Nice call DG, you the man:)

  • AmazingLarry

    Not here taking quality set ups, that’s for sure. Only been here for a year and try to contribute something worthwhile when I can, but it seems everyone is distracted. When i have posted, its been largely crickets. It’s fun to bullshit, but maybe it’s too much? Are hits and page views down? Maybe traffic is the same, just no participation.

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

    NPR radio is pumping FB aka Government-Book

  • Skynard

    Nas gas won’t die today.

    Ouch, that will hurt:)

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

    on what?

  • Joe_Jones

    I haven’t seen such long red candles in ages

  • Skynard

    Your target Bro:)

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

    ……for?  

    (dam, it’s like pulling teeth to get you to spell it out)yes, that’s a pervergence pun.

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

    I want to see a panic in treasuries, and a blowoff in equities, or some combo of both.
    http://stockcharts.com/h-sc/ui?s=$SPX:TLT&p=D&yr=0&mn=7&dy=0&id=p00288812280

    having the Bullish Percent turn negative, wouldn’t hurt either.

    otherwise, I mark it up to intraday volatility.

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

    remember when 1380 seemed like a Miracle?
    geeez, you really do have to set aside disbelief.  I have much to learn.

    meanwhile, those silly Bulls are walking on ice with risk in the 80 range.
    http://stockcharts.com/h-sc/ui?s=$BPSPX&p=D&yr=0&mn=4&dy=0&id=p10561878490

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

    I think zero mole showed a slight divergence b4 the drop at the point of the higher high and now it shows a big divergence again at this lower low. Go long?

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

    Damn ! this is bad
    They are telling muppets about stocks on the radio.
    Now pumping DDD

  • Pervergence

    25 hr short breach on SI and GC have been nice plays…….I’m always late to the party on the ES…….

  • Rightside_ot_trade

    Initial (first one) Neg div on the hourly?

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

    Silver.
    I don’t have any hard data, but methinks that there are buy orders between here and 30.50. If these buyers are taken out – silver can fall by full dollar in a hours, or even overnight.
    Every bar brings new information, but so far doesn’t look good for gold(silver) bugs

  • Joe_Jones

    “otherwise, I mark it up to intraday volatility”. Yup, same thinking.

  • http://evilspeculator.com molecool

    Not really – it was flatlining indicating minimal participation. However on the bottom there was a nice divergence!

  • captainboom

    Inside day forming on DDD.

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

    Oh, well, took profits for 1.5 point and going to zzz… It past midnight in Asia, and between the choice of taking a 100 bucks or putting stops at break-even, looks like the former makes more sense.

  • Pervergence

    I’m not playing with ES…..but it looks like this could be a bear flag on the 15 min

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

     I’m not touching DDD even with somebody’s 10foot pol.
    It’s sill inside that huge $10 january candle, and volume still too high. Looks like distribution to me, but take my opinion with grain of salt – I sold it long ago.
    “There is no bigger bear, than a sold-out bull”…lol

  • Pervergence

    Impulse…..flag……might see another leg down……

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

    O, my efn god!
    Now medical marijuana on NPR radio.
    No doubt, they are telling people where to put a tax-return money
    This market is now a ticking time-bomb – we have until April 15 – the LATEST !!!!
    EDIT: FB is moving already – that didn’t take long. Wondering, why they are not talking about AAPL. Maybe after lunch?

  • Darkthirty

    should be in 4th

  • http://evilspeculator.com molecool

    hehehe :-)

    I hope we paint new highs this year and all the muppets fall over each other to chase this thing.

  • Skynard

    Hehe, they will replace cigs for the big fatty’s:)

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

     Dude, what else you got besides MJNA?
    I bought that and PHOT.
    Thinking of AVTC too.
    Care to share an opinion?

  • Rightside_ot_trade

    Hourly IP, makes a couple of dojis

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

     I’m hoping too. Will have to unload 100% invested portfolio to “greatest fools”. Hope I’m not one of them, tho
    He-he

  • Skynard

    HEMP is another, personally just holding the largest Co. MJNA

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

     Thanks
    (cough-cough)

  • Skynard

    Bear flag 5 min, waiting to add at VWAP:)

  • Skynard

    Seems like /NG rallies like this the day before the report since trading this bitch.

  • Pervergence

    SI….couple dojis on hourly…….see where we go

  • Joe_Jones

    nice + div on Mole signal at today’s  bottom

  • Skynard

    Full short /ES, close enough:)

  • bullregard

    Rallied bouncing on the emptiness under 3.20 (over 3 months). Now stumbling on the emptiness over 3.324. I am short since 3.3. 

    EDIT: I’m decided to close at a loss today if needed. Nights seem a good time to cross the voids.

  • Pervergence

    My sentiments exactly……metals breaking down too

  • Pervergence

    I’m just sticking with my metals trades……hard to get real enthused abouit shorting this tape…..

  • Joe_Jones

    Tape, meet VWAP (ceiling?).

  • Pervergence

    Then it blows right through it (maybe) and the shorts get burned again……over and over trying to call a turn

  • Pervergence

    Metals moving nicely

  • Pervergence

    Looking good JJ

  • Pervergence

    Aussie starting to dump

  • Skynard

    Shorted on the re-test @ 3.315

  • Pervergence

    Always like that lower left panel signal…….VWAP may indeed be the ceiling

  • Pervergence

    Nice play boys……

  • http://evilspeculator.com molecool

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

  • http://evilspeculator.com molecool

    Ah – someone paid attention!




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