A Second Helping

We literally have juicy standing in line here at the evil lair. If you’re not on the list you’re not coming in, so consider joining our club or be forced to make due with the leftover freebies. So equities pulled a surprise jump yesterday, the possibility of which I actually flagged early in the session. Apparently however my warnings were not heeded as many of you were caught with your pants down. Tisk tisk… well, that’s what you get for fading the Mighty Market Mole 😉

Let’s first look at the NQ futures which are weaker than the spoos right now, and thus they serve as my canary in the coal mine. Yesterday was a very productive session in that we established the 4300-4330 range as future support – it’s not iron cast but it’s a start. If the bulls play their cards right then this could serve as the trampoline for a push higher. However a breach here in the near future would invariably lower toward NQ 3800.

I caught a pretty nice run in the spoos yesterday and my new long position is in anticipation of continuation higher. We may see more weakness ahead of the bell and I have placed my stop below the 2070 mark. Should I be taken out I’ll wait for a spike low mid session and try again.

Soybean Oil was pretty fun as well yesterday and I’m trying to snatch a second helping. As you can see the hourly is in potential trend mode but may first attempt to shake off greedy buggers like yours truly. If stopped out I will once again wait for a spike low and a bit more context before jumping back in here.

Okay one more as I’m feeling generous this morning. I’m already long here since yesterday (and if you’re a sub I hope you as well) but entries are still looking pretty good here. Put your stop below a recent SL or perhaps below the 25-hour SMA and Bob’s your uncle.

Alright – all warmed up? More AAA setups waiting below the fold – we trim all the fat and only leave you the juicy meat 😉

It's not too late - learn how to consistently trade without worrying about the news, the clickbait, the daily drama and misinformation. If you are interested in becoming a subscriber then don't waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Please login or subscribe here to see the remainder of this post.