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Call Me Snuggle-Tooth
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Call Me Snuggle-Tooth

by The MoleFebruary 14, 2019

I you can believe it – this morning I had to return to my dentist for the third time in a row as my temporary crown had come off yet again. And it turns out that I may need a root canal next week as the nerve may have died due to an infection I fought off last month. As if that wasn’t fun enough already I also had a visit at my dermatologist scheduled who proceeded to go nuts with his new Nd:YAG laser, zapping all sorts of little growths and imperfections. They almost had to pry him off my face.

Not a fun morning to say the least, so forgive me if I’m not in the proper state of mind to put together an extensive update. Not a big deal though as there isn’t too much going on right now. It’s wait and see time.

Our E-Mini campaign is proceeding as planned and the low volatility grind higher should be encouraging to the bulls. I still think a retest may be in the cards but for now all my trading rules permit me is to keep my stop at break/even.

I was about to give up on that gold campaign but it just bounced back toward break/even. Yes, it’s very tempting to cut out here but that would be a big no-no as of course. Plus the current formation on the daily panel is a setup I would take any day. So I won’t be touching this one and ISL remains.

That spike in gold of course didn’t benefit my USD/JPY campaign but since it had already reached 2.2R MFE I am now advancing my trail to the 1R mark.

Alright, that’s all I got for you guys for now. Need to lay down for a little as all the hoopla of the past few days is starting to wear on me.

Have fun but keep it frosty!!

 


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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  • http://iberianviews.blogspot.com/ catracho
  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • zzezzezz

    covered and went long @ ES 2738, for just a quick scalp

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    sniper Kitty-1 team, in position.
    https://theawesomer.com/photos/2015/09/bcenl_vdoqw.jpg

    ps. Sounds like Mole won the …….Triple Crown Award

  • Jason13

    Went long right away? Really? With treasuries doing what they are doing now? Brave move.

  • http://iberianviews.blogspot.com/ catracho

    Dow daily (and most major markets) watch breaks of key levels.. It takes a lot of energy to keep markets up , and very little to let them fall https://uploads.disquscdn.com/images/0a13fe13a42be83f8dc8e0df66126c9f4214847634ef0255c90543da7a564415.png

  • Darkthirty

    The open is more of a concern at 08:29, on standby….

  • Jason13

    Look at that 4hr candle on Bonds!

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Jason13

    My opinion is that lower than 2731 is the acceleration point..

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Thursday’s are usually big movers.
    but, wait for Europe to close before slathering. IMHO.

    the trend is still up, and up.

  • http://iberianviews.blogspot.com/ catracho

    watch any rallies after the weak open ..how many legs does it have?

  • Darkthirty

    Ruh Roh , sounds like the theory that shall not be named!

  • https://evilspeculator.com Sir Mole III
  • Jason13

    Could be cause vix isn’t high enough yet.

  • Sp00nman

    “I still think a retest may be in the cards but for now all my trading rules permit me is to keep my stop at break/even.”

    Retest of what level Sir Mole?

    Looks like the Fed saw these numbers coming and got out in front of them..

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    the VIX is ‘being the VIX’.
    someone tell BK to wake the Hell up.
    https://stockcharts.com/h-sc/ui?s=%24VIX&p=D&yr=0&mn=3&dy=0&id=p3095114672c

  • http://iberianviews.blogspot.com/ catracho
  • zzezzezz

    yes, pretty scary. holding onto a SMALL gain at the moment…

  • HD

    nice trade

  • HD

    open @ 41, -10 = 31 and bounce BOTs

  • zzezzezz

    Max pain points for tomorrow expiration:
    SPY @ 270.50
    SPX @ 2650

  • zzezzezz

    thx

  • ridingwaves

    just one more rate raise is now baked in…..PPI backed off too, mainly gas prices though

    what is it with these nuts – are we capitalists or commies….
    The Sanders, Schumer buyback test would block almost all company stock repurchases

  • https://evilspeculator.com Sir Mole III

    Sorry but I’m not feeling so great today, so cut me some slack please πŸ˜‰

    ES 2700 is a definite possibility. The current bounce doesn’t show much of a signal so color me skeptical:

    https://uploads.disquscdn.com/images/ae1958e8d1dc6386ecb43c22b29f3411b40cf0d2df08a8dedd2644bde57cc337.png

  • http://iberianviews.blogspot.com/ catracho

    http://www.j3sg.com/myHome.php
    insider buys and sells summary – pretty evenly matched until this week – when it looks like sellers outnumbering buyers…not an immediate signal but early warning

  • HD

    vwap @ 43

  • Mark Shinnick

    If you happen to have some infection, soak with some H2O2 usually resolves that pain.

  • zzezzezz

    sold at VWAP, and went short

  • ridingwaves

    tequila much better

  • ridingwaves

    JPMorgan just launched its own cryptocurrency: What you need to know
    https://www.marketwatch.com/story/jpmorgan-just-launched-its-own-cryptocurrency-what-you-need-to-know-2019-02-14

    this is blockchain future…..and so it begins…

  • https://evilspeculator.com Sir Mole III

    Filed under ‘The Beauty And The Beast’.

    https://uploads.disquscdn.com/images/bc4d76a3a92c1e9e7012cd358e593f4dba4186ca2080158fc58854459d8bb0a5.png

    I keep telling her: When she’s finally ready to dump this loser I’m on standby.

  • https://evilspeculator.com Sir Mole III

    Yes, that’s my primary mouth-wash – use it constantly. I also applied some DMSO to my gums. That shit works miracles I tell ya.

  • ridingwaves

    she is a pretty lady

  • ridingwaves

    Mortgage rates hit a 12-month low as signs of economic slowdown dog the housing market

    Nothing price won’t fix….they are doing all they can to rescue the real whale, housing needs 30-40% down move to make sense….

  • Ted

    He has a stash of Bud Lite, you only drink the German stuff.

  • https://evilspeculator.com Sir Mole III

    Very nice girl as well. Scott is very happy with her.

  • ridingwaves

    you would have to bat crazy not to want to look at beauty all day…..
    now he can get the mystic buddha trading zen…

  • Mark Shinnick

    While soaking, you might press gently-firmly around the area from the outside cheek to help irrigate / penetrate.

  • HD

    congrats! quite the fashion statement πŸ™‚ alladin

  • Darkthirty

    2747=786

  • HD

    gonna stop showing this, bread and butter, day in day out.
    Just trade like a BOT
    https://uploads.disquscdn.com/images/fa665ec0fe35ffafcd4a6cff3f5c2778e1af15ed810feb5025153f1502c3498b.png

  • BobbyLow

    Agree. Housing is still way overpriced. Unfortunately, it was ultra low interest rates and terriblily loose financing that began the upward move in housing prices.

    Regarding the Block Chain above, I can’t believe a word Jamie Dimon says after he flat out lied about raising credit card interest rates to worthy consumers during the bailout. These bastards including Dimon issued credit to anyone who could fog a mirror and when everything crashed relied on the rest of us to bail them out.

  • Sp00nman

    HD, I was about to say boom up 17. Wow.. wtf someone just pulled the plug..

  • HD

    everyone that wants a house has at least 1.

  • HD

    dude this is way easier than fancy indicators and ratios. Just follow price action. It’ll change soon enough and we will have to figure out the new program.

  • Sp00nman

    I was gonna say.. price action looked very controlled on that ramp.. Signs of selling in the nasdaq all morning.

  • ridingwaves

    Dimon is the head pigman….but it does make sense for settling inter-banking transactions…..until a hacker reeks havoc….

    btw, I will get hit hard on my property, but its a roof to me…and its been raining like the dickens here..

  • bankwalker

    Is she blind?

  • ridingwaves

    yep, and second mortgage tax rule nips that in bud too…

  • DaVerg

    i was going to say yeah baby when i saw the British operative Austin Powers, but after I read your post all I could think of was OUCH BABY. Which reminds me of a story. When men get old , if they didn’t have a procedure done as an infant, or otherwise in certain religions when they turn of age, IT has a tendency to GET INFECTED. So you have no choice but to get it done when you are in 80s or 90s. Well a certain member of my family went to doctor and during the “in ” I mean “inspection” phase. He kept yelling, really loud in the office. Well the doctor turned to the patient, addressing him rather sternly by his first name. ” ‘Cyrus ‘ do you mind keeping it down, you are scaring the waiting patients in the front office”. Cyrus replied ” Do you mind not jabbing me up there with that probe as it is hurting my tool BIGLY”.

  • BobbyLow

    Wow! I just took a look at the weather where you are and wish you the best of luck. After going through two major hurricanes in 3 years that delivered over 16 inches of rain each, I have newly found respect along with some fear of the type of damage that excessive rain can do. I hope things get better out there and fast.

  • DaVerg

    more supply in market place, means lower prices. Time to short some more, no ?

  • Sp00nman

    I’d say it depends on the area/etc. I think the way houses are financed/appraised is a real problem and pretty terrible personally. Big problem with houses is the cost to build these days in some areas. Gone are the days when it was cheaper to build a house than buy pre-existing.

    Low rates obviously feed higher prices. More liquidity/financing leads to higher prices, just like student loan debt and college costs..

  • Darkthirty

    That’s the key…No real pattern to the program reset, either.

  • BobbyLow

    The “Austin Powers” movies are some of the best. This is one of my favorite clips.

    https://www.youtube.com/watch?v=QRt2_OLY3Ho

  • Darkthirty

    2738+17=2755=786 retrace….let’s see

  • ridingwaves

    we needed it, I put a septic pump on flat roof 50 ft above ground, setup switch in kitchen, to combat the volume….works like a charm…

  • ridingwaves

    I’m waiting on a push down to lows, but the trough of disillusionment is close to making the turn north….in some ways JPM just verified its real after knocking it down for last 2 years

  • Sp00nman

    Unless your other houses are rentals.. I just don’t see how rates can be “allowed” to go significantly higher. Too many negative repercussions on the economy, banks, government, etc.

    For specifically real estate, around here vacancy rates for CRE stay relatively elevated because of low rates that allow a building to only be half occupied. If rates shot up reits would get crushed and development would stop.

  • HD

    noted the VIX 15 yesterday. Volatility is a trade. /VX

  • HD

    agree, as long as IV is decent (not below 10) we can find them

  • Darkthirty

    16.5 up from 2731…then 10 down for B? 17 up 2755 as 2

  • Roebear

    WaterPik with 5% Peroxide, 70% Listerine rest water…@ day 2x a day when problems….no more root canals or anything 5 years and counting and brush after every meal as much as possible of course.

  • HD

    maybe. I haven’t been trying the EW much this year. OPEX manana

  • HD

    alternate news: Worst retail sales since 2009 and worst core control number since 2000. Back to back negative PPI….. as apposed to the economy is perfect.

  • Darkthirty

    Mc Cabe just rolled…deepstate’s spooked.

  • ridingwaves

    its as simple as wall street, the fed and treasury fixed the housing market, just like the libor, commodities and every other financial instrument. I didn’t think they could do it…..but they did…..

    but take notice of what Paulson and Geithner are saying about home prices and rental prices….look it up….the 5 year moratorium on selling bulk foreclosed homes by pe, reits, hedge is now over…..expect a move down…

  • Mark Shinnick

    Funny how denial can persist….until it suddenly doesn’t.

  • Ted

    Small caps on the verge of breaking out again.

  • HD

    the longest gov shutdown in history might contribute, going forward

  • Sp00nman

    RW, Oh for sure I think prices will pullback, but how much is hard to say. What market isn’t nuts these days..

  • BKXtoZERO

    Long TVIX 35.56 to add to yesterdays hold

  • https://evilspeculator.com Sir Mole III

    He lives in Thailand with her – it’s a thing over there.

  • https://evilspeculator.com Sir Mole III

    Glad you guys are having fun today. My tooth hurts and I’m generally miserable. Trying to be productive by working on some of my tutorial stuff.

  • HD

    @Darkthirty:disqus great EW read on the B! kudos

  • BKXtoZERO

    Ooot 35.25,

  • https://evilspeculator.com Sir Mole III

    He may not be pretty but he’s a hell of a guy with a heart of gold. Has come a long way since his bad boy days. She’s a lucky girl IMO.

  • https://evilspeculator.com Sir Mole III

    Dimon has been playing these sort of games for a long time now. Never trust what they say, just watch what they actually do (if you have access to that of course).

  • Mark Shinnick

    Yeah….don’t shoot until the whites of their eyes sort of thing.

  • https://evilspeculator.com Sir Mole III

    All part of that ‘global warming’ (cough cough)

  • https://evilspeculator.com Sir Mole III

    Nice try but nothing penetrates my mouth mate πŸ˜‰

  • BKXtoZERO

    Out of crude short from yesterday near flat DWT too. Just holding some TVIX from yesterday

  • HD

    National debt tops $22,000,000,000,000, T8.51 added by Obama (8years), T2.18 added by Trump (2 years) Let’s do some math…..

  • BKXtoZERO

    One more try today 35.2, ES at 2755 VERY tight though

  • Julie 35 – 25 – 36

    SPX Dipsters today at the 8 ema Chart Pattern now a rising wedge
    JULIE

  • Julie 35 – 25 – 36

    Hi Chief sorry to hear about your tooth. They replaced my provisional crown that came out.yesterday.Receive the real crown March 4
    JULIE

  • Ted

    Big rising wedge on the QQQ’s. Unfortunately, still plenty of room on the upside.

  • Darkthirty

    Unfunded liabilities are worse. Not sure how much of the debt is to welfare/SSDI for illegals, but the game goes on………

  • BobbyLow

    I hope not. We’ve had two “200 Year” storms within 3 years in the Carolinas. If we get another one in the near future then I’ll really begin to worry. πŸ™‚

  • Ted

    Love the headline as I’m originally from that Metropolitan area.
    “Amazon to New York City: Fuggedaboutit!”

  • Jason13

    I did jump back into Platinum…seems today might be the reversal day. Got a great entry but would like to add one more small position. Glad to see life is back to bot land…not. Bonds still pretty strong.

  • Julie 35 – 25 – 36

    D30 What is really sad about unfunded liabilities Not sure what president administration Corporations were allowed to borrow funds from defined employee pensions and many of these corporations have not paid back and in arrears. Very Sad
    JULIE

  • randomuser6789

    TVIX acting strangely still. Market is now flat; TVIX is up.

  • Mark Shinnick

    Interesting, compounding seems to have stopped.

  • Ted

    The market loves it – keeps the Fed at bay.

  • Julie 35 – 25 – 36

    Jason looks like $PLAT forming a base 780 – 790 Good eye. Longer term trade ?
    JULIE

  • Julie 35 – 25 – 36

    SPY Max Pain 270.50 ?
    JULIE

  • BobbyLow

    IMNSHO, Crude’s current price action is telling me that we are in a time that “buyers” are holding crude prices up regardless of supply and or other criteria made available to the public. Wednesday’s Oil Report showed a build in supply twice as much as expected and no sell off. The US is producing more oil than ever, OPEC is putting out less, and the China deal is still pending yet prices have been holding steady. This is not the first time something like this has happened nor will it be the last.

    Speaking of Price, I still believe it is the only truth. Pundits are a dime a dozen and all one has to do is look around to find someone who agrees with your trade. But there is only one Price and it is the only opinion that matters.

    I’m still long from yesterday and I don’t know what will happen from here but price will let me know what to do. πŸ™‚

  • BKXtoZERO

    ya… I am ooot. Feel the same, see the same. wish I held from 47

  • Darkthirty

    Administrators should be held personally responsible for negligence, and stripped of personal assets for defrauding the funds……

  • Julie 35 – 25 – 36

    Hi BL With USO weekly chart overbought I am on the sidelines BL I like the MOD symbol following your name !
    JULIE

  • Jason13

    Yes, Julie, multi week likely.

  • BobbyLow

    I see you have one of those MOD things too. πŸ™‚ Congrats Julie!

  • BKXtoZERO

    Intraday we have a big bear flag but with a bull flag on top of it….. wonder who wins? https://uploads.disquscdn.com/images/ad9db2829d09967eb29922d98b98c1e386f5d00b7de2576252a6c926850d03d0.jpg

  • Julie 35 – 25 – 36

    Thanks BL BK has one too ! Any trolls show up they will be gone in a flash . A triple whammy !
    JULIE

  • Jason13

    Technically the bull flag negates the bear flag, no?

  • Jason13

    Bout 50 points lower then?

  • Sp00nman

    Ya I would say so.. We’ve retraced most of the move down.

  • Julie 35 – 25 – 36

    SPX Overall a rising wedge since December 26 2739 approx daily 5 ema A break below the minor uptrend line and horizontal support will approx bust the daily 5 ema and 60 min 21 ema Shown SPX 60 min chart https://uploads.disquscdn.com/images/8418d35b4f7d262bdd5932aa26d70e713d5d06ca08d3f5e31a5f233cd2e80a16.png JULIE

  • Julie 35 – 25 – 36
  • BobbyLow

    I’m running 3 Hour Candles on /CL so $47 to $53 on Jan 25th worked. However, I couldn’t have held long straight through from the 25th to now because the volatility changed and the peaks and valleys became a lot steeper. It’s been a little difficult since the 25th for me to catch a decent trend. But again this is the nature of the beast.

    I’ve found that making my decisions with 3 hour candles allowed me to catch extended runs while not being slower than mollasses trading the daily. OTOH, I miss a lot of quick turn arounds by not trading faster time frames. So there’s always some kind of trade off whatever we do.

  • Julie 35 – 25 – 36

    Guys USO broke the rising wedge pattern NOW an uncommon pattern developing i.e. an expanding triangle with the red dotted line lower triangle.Anyway will be watching if attained the 89 ema matching closely with trend lines and 38.2% retracement for a pullback JULIE https://uploads.disquscdn.com/images/27e6df35a8659577003d262c014395bf4cc84f1df6ca49158d87cda571b7ae3e.png

  • DaVerg
  • Darkthirty

    78.6% Minor gap fill left in DJI

  • Darkthirty

    Hopefully we get another one tomorrow

  • BKXtoZERO

    Mole… I made some YAG lasers back in the day… probably not fun getting it in the face though. Ouch.

  • zzezzezz

    thanks @Darkthirty:disqus

  • ElToroLoco

    Good call on Gold, ES is in major reversal area to break it would need to rest here for a while?
    Check NG I am curious what are your thoughts, from my view it should rally up from here.
    Buena suerte con el dentista.

  • https://evilspeculator.com Sir Mole III

    Hurts like hell but the doc said I was a very brave patient πŸ˜‰

  • https://evilspeculator.com Sir Mole III

    Do any of you have issues with loading this site? On my end it’s been very sluggish but my hosting company is probably going to claim it’s just me. Can any of you confirm?

  • https://evilspeculator.com Sir Mole III

    I just hope I won’t need a root canal. Felt a bit of pain in the tooth after coming home so I think there’s hope.

  • bankwalker

    The only issue I have is the disqus comments stop updating pretty frequently.

    Right now showing 114 but I have no idea how accurate that is.

  • zzezzezz
  • https://www.youtube.com/playlist?list=PLEx52bnnbLmh2dnV_Vyq1ErXT79LSU6pT xenoson
  • https://evilspeculator.com Sir Mole III

    It’s a VPS yes. But it used to run smoothly. I think they may have thrown another account on that system that’s bogging down traffic.

  • Darkthirty

    2745 ES VWAP

  • zzezzezz

    same for its 200 DMA. a close below BOTH would be nice πŸ˜‰

  • Jason13

    Trump to Mnuchin, come in Mnuchin….Nanoo, Nanoo.

  • https://evilspeculator.com Sir Mole III

    Reminder: Monday is Washington’s birthday which is an NYSE holiday.

    Anyone trading tomorrow?

  • BobbyLow

    I haven’t noticed any change in performance. It’s been working fine for me.

  • BobbyLow

    Dang. Thanks for the reminder.

  • Mark Shinnick

    I saw weirdness last couple of dys.

  • BKXtoZERO

    Probably.

  • BKXtoZERO

    Holding yesterdays TVIX and am up a little on that…being cautious with position size on holds….taking shots and small dings intraday. Trying to get the bus rolling and add on but need intraday give for next level position size

  • https://www.youtube.com/playlist?list=PLEx52bnnbLmh2dnV_Vyq1ErXT79LSU6pT xenoson

    Several seconds wait on the first request before anything happens is not normal.

  • http://www.captainboom.com/ captainboom

    Do you try and catch both sides of that?

  • http://iberianviews.blogspot.com/ catracho

    think futures markets are open..?

  • Darkthirty

    Just barely 2741.25 A=C@2727 ……. Using max pain 2702

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • BKXtoZERO

    Wasted days AND wasted Nights . https://youtu.be/g9lkeoxJRxA

  • sutluc

    No slower than it’s ever been for me in western Canada.
    Maybe two seconds to load the site.