And that is how you call the shots like a boss. Unlike some degenerate attention whoring wannabes who have make it their mission to drop by every few weeks with spurious and rather vague predictions the Mole calls it as it is. Here is where you buy and there is where you sell – today and not some imaginary day in the future. Everything else is just fancy talk and mental masturbation.
That’s right – I’m a wild boy! So don’t come back here once the market has tanked and pretend that you’ve loaded up near the top. I will stomp on you like the miserable pretentious bug that you are. If there’s anything immutable about this game it’s that it’s jam packed with shysters and pretenders. If you count yourself amongst them please move on.
Alright back in the real world we are making tepid progress but the odds are still hanging in the balance here as I’m not seeing any real mojo in the tape. Someone better throw someone a Red Bull or something. The SPX on the hourly is facing its upper 25-hour BB. It’s got to climb above the 1800 mark to get this thing to the next level. I’m currently short the spoos intra-day with a stop a few ticks above 1794 (roughly equals SPX 1800). Will flip if they make a run for it EOD.
A slightly different perspective on the daily volume profile. The spoos is looking like a four-cylinder and it’s time to kick it into fourth gear. There’s a shallow hurdle right above ES 1800 – if the bulls cannot pump it above it then they are officially FUBAR and it’s going to be a cold February. By the way, remember our old friend the volume hole at 1812ish? If we even make it this far I expect some heavy resistance, so the fat bear has NOT sung just yet. Plenty of opportunities to still take this sucker down.
On the NQ we’ve got a NLBL right in front of our noses. Good short here with a stop a few ticks above – mind you there’s also the 25-hour near 3559. In between we are a bit in limbo – above the 25-day is bull territory and I would be long like Mandingo.
Wheat update – if you took this one on Wednesday morning then this is what you do. Close out if we close above 553 today – if not then move your stop to 558.5. Done. Campaign management is everything. Drive by charting paired with lofty claims is nothing. Keepin’ it real here at the lair.
But we’re just getting warmed up – more goodies below – please step into my lair:
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Zero indicator today – very nice divergence play which got us back all the way to VWAP. If you trade the spoos without it you only have yourself to blame.