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Campaign Update
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Campaign Update

by The MoleJuly 1, 2016

As of this morning all remains well on the Western Front. Bearish positions have been completely decimated over the past three sessions in what must have been the most violent bear trap of this year. Any surviving grizzlies are now being pursued and picked up one by one, thwarting any desperate attempts to reach safety. Public lashings and indiscriminate pillaging will continue until moral improves. 

2016-07-01_spoos_update

The bears never get a break, do they? I’m surprised there’s anyone left wanting to short equities near long term inflection points but mysteriously there never seems to be a lack of suicidal participants. Good for us! If you’re still holding long since 2006 then I suggest you advance your stop to around 2070. Once again taking partial profits here is not a bad idea, although it’s quite possible this thing just blows higher and slays the 2100 mark once and for all. It’s about time really…

2016-07-01_gold_update

Gold now in pretty good shape as well albeit it’s still early days here. It’s permissible to move your stop a little below break/even now as the 100-hour SMA ought to act as support at this stage. Either this is a break out pattern or it isn’t.

2016-07-01_GBPUSD_update

Cable on the other hand has not managed to get out of the gate just yet. There hasn’t been any reason to mess with this campaign an thus I won’t.

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It’s been a very productive week and I hope all you guys banked a lot of coin in the process. If you did not, well then you may want to join the club or at minimum show up here more often. We do this all day every day, eight years running now. Plus why would want to miss out on my daily dose of genuine DIN approved German humor? 

kim_german_beer

Prost!


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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