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Monday Morning Briefing
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Monday Morning Briefing

by The MoleApril 29, 2013

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.

Make sure you don’t miss my weekend update – plenty of juicy long term charts are waiting for you there.

USD/JPY is kissing its 25-hour SMA – I’m currently short with a stop above. Long if it closes above – the SMA is falling fast so there should be resolution soon.

EUR/CHF below its 100-hour SMA and two NLSL. I went short as it dropped through the 25-hour SMa with a stop above all that new resistance.

AUD/CHF is still making up its mind but shows similar context. I would be short below that 25-hour SMA.

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Cheers,


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 the usual social media waterholes.
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  • Skynard

    Short 1/2 pos /GQ @ 32 (daily NLBL) to take profit. If 30 does not hold we may see some more weakness.

  • https://evilspeculator.com molecool

    Anyone awake? 😉

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

    Zzzzz.

  • Skynard

    Hehe, pop and drop in play today, need something out of the ZL:)

  • amokta

    Ok, lets play cards!

    Exahustion gap dowchem? (cant be an island top as of today)
    Im short spx, with stop thursday high (modest position, risk adjusted!)

  • Th3_Acist

    Days like this I’m glad I have a day job, although the market might be getting exciting it seems.

  • Skynard

    Roll on 2, took the set-up:)

  • ridingwaves

    Update on a couple picks I posted as Mole and CS don’t allow fluff here..
    QCOR 27.52-60 sitting at 29.35 sell order for 39.00..shorts are strong here..but look at financials and institutions adding..
    GALE 2.30 sitting at 2.65 sell order at 4.80
    Euro short, even
    Still in the trades, being an amateur I’ll most likely sell out before they hit targets..
    thanks for all that you teach…

  • badflightrisk

    Ah what is “The Green Mile “

  • Skynard

    Hehe, good movie!

  • Skynard

    Like the participation today, bulls trying to make a new high:) Div 5 min

  • Skynard

    5 min being sticky today, if it were a trend day the signal would be sustained.

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

    Spoos can’t go higher!?

    oh, yep…wait…there it is..the dollar gettin soggy. UUP down .45%

  • Skynard

    Full short the /ES, awesome signal, meaning strength is waining!

  • Joe_Jones

    last call to pile up on some cheap miners

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

    Grains!
    Just as I was getting ready to take them off my watch-list

    wow

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

    stop teasing….Silver still hasn’t hit $10.
    😉

  • Skynard

    Spike high, Longs off the table including AAPL:)

  • ridingwaves

    Goldman Sachs buy Chinese symbols in full effect today…

  • amokta

    Ok, looks like an up day after all.
    So will new highs be made (new leg up), or will we remain in a range.

  • Joe_Jones
  • Skynard

    Amazzing how that signal changed mid day, still short:)

  • ridingwaves

    GALE is going to next level, the pf chart posted here has 4.60+ could be fun ride…

  • Skynard

    If I recall, these wild swings above the signal line would be reresentative of distribution. Any one else concur with that?

  • https://evilspeculator.com molecool

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    ¸„ø¤º°¨ M E A T“°º¤ø„¸

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  • https://evilspeculator.com molecool

    No, I don’t see the needed momo divergences right now

  • https://evilspeculator.com molecool

    NYUD is in sync more or less…

  • https://evilspeculator.com molecool

    Then again, VXV:VIX is painting a bit of a divergence. Let’s see if it holds until tomorrow…

  • Skynard

    Well, here we are with a full circle re-test, see if the ZL can hold the line:)

  • Skynard

    Hourly showing div now. That’s a beautiful thing:)