Monday 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.

Here’s the Friday E-Mini wrap up via the Zero indicator – very few comments today as I’m a bit strapped for time (a ton of setups waiting below). But I think it’s fairly self explanatory. Admittedly a pretty flat signal day but the Zero Lite pointed to the upside most of the time. If you are a sub then you know Friday was a high probability trend day:

NYSE TICK closed 91.42% above its zero mark. HIGH probability of an Up Trend Day!

Honorable mention: Nice Mole reversal signal! 🙂

I wouldn’t bother touching the E-Mini right now – it’s in shake out mode and I want to see some stabilization before picking a ST setup here.

However, that doesn’t mean we can’t have fun – we’ve got a ton of great setups this morning. Here’s the AUD/JPY touching its 25-day SMA. Great spot to get positioned.

Gold is testing a brand new hourly NLBL – should be good for the next five hours. Short on failure but only long if it manages to push back above both ST SMAs.

More below – please step into my lair:
[amprotect=nonmember] 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.
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Corn at support – nice inflection point.

Bonds – wohoooo! Nice move there. Let’s see if she can hold – again, nice ST inflection point.

USD/JPY – already below its 25-hour but I wouldn’t be short until it breaches that NLSL. Long above the 25-hour.

USD/CHF – actually on further consideration I wouldn’t be short unless it drops through the NLSL. Long above the 100-hour SMA.

USD/CAD – what is this, Christmas? So many setups! Great inflection point – SMA plus NLBL – you know what to do.

NZD/USD – at support – use it.

GBP/USD – long with a stop below 1.5715 (prior candle low).

Speculative long on the EUR/JPY – that BB may hold.

CAD/JPY – near dual support.

AUD/USD – still watching this one I think I would be short below 1.041 and long above 1.044.

By the way, in case you were busy watching that four hour Superbowl spectacle yesterday – make sure you catch up on my latest POMO update: Fed Versus ECB.

Cheers,