Good Start Of The Week

Seems like you guys are still hung over from long weekend, where is everyone? Plenty of goodies to be had this morning. Some didn’t trigger, some got swept, but most importantly some took off nicely. Let’s review:

NQ – we managed to get a nice entry on a small dip lower and now it’s off the the races. Well, not really – but it’s looking promising so far. We need to climb over that NLBL at 4385.75 or w may get caught in a sideways range here. Either take profits now or convert it to a daily campaign.  If the latter leave your ISL intact – I have an inkling we may need it.

Gold! We seem to do well with that contract for some reason – most likely because we’re not emotionally tied to any particular outcome. Anyway, PERFECT entry – couldn’t have hope for a better seat on the bus. Same considerations – either grab your money and run or convert it into a daily campaign. That’s a very nice sweep through two daily support levels – the 100-day SMA and the NLSL at 1216.7. Chances are we’re going to see a LKGB – so if you’re holding it be prepared for that.

ZB – early days here but I love the LT context – see how we’ve just touched the 100-day SMA? Well, in itself that would be meaningless as it hasn’t been touched in the past few weeks. However there is an accumulation of weekly support looming below, which should be helpful if we get a reason to be long. I would wait for a real setup but if you feel adventurous take out a lottery ticket with a stop below today’s lows.

Some very juicy LT setups below the fold – please join me in the lair:

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Cheers,