Dangerous Turf

I’m seeing very little participation on the Zero Lite today which makes this rather dangerous turf. Unless you are already well positioned (meaning in profits and are trailing) I suggest you stay the hell out of equities right now. This has tape banging written all over it – meaning due to meager participation we may just slide off the plate or suddenly rip higher without any warning.

Compare the Zero signal accompanying yesterday’s sell off with today – complete flatline. Anyway, you have been warned, so don’t come crying to Mole if you get your member slammed trying to be clever here.

I’m seeing three levels of possible support on the S&P E-Mini futures. 1 – the 25-day SMA near 2096 – very weak. 2 – the 100-day SMA at 2083 – more plausible. 3 – the 2065 mark as it lines up with recent drops engineered to scare the children.

This is some nasty tape and I suggest you focus on other markets. Today I have been otherwise occupied but I’ll be mining for goodies again tomorrow morning. Until then please keep it together and stay frosty.

The future is now – so don’t bring a knife to a raygun fight. If you are interested in becoming a Zero subscriber then don’t waste time and sign up here. A Zero subscription comes with full access to all Gold posts, so you actually get double the bang for your buck.

Cheers,