Deceiver Of The Gods

With equities still buoyant it seems that the bulls may have a real chance to once gain pull the cart back out of the mud and get the show back on the road. We have some positive signs on the equities horizon plus a plethora of setups, so let’s get to it:

Once again the VIX is painting a buy signal – assuming nothing nasty happens in the woodshed before the NYSE close and that we finish below 18.5. Once again – a VIX buy signal is relative to equities, not the VIX – the implication usually are higher prices within a week’s time.

The spoos are now running into short term resistance which may be good news – hear me out. That little drive higher has put the bears on notice but a little pullback to the 100-day SMA may reel some of the weak hands back in. That would incidentally put us in an RTV Buy setup and that’s something I wouldn’t want to pass up. Yes, admittedly a bit speculative but heck – more outrageous things have happened here, right? 😉

A little update from the shiny metal side – our inside period entry on gold has paid off handsomely today. Despite the possibility of a pullback I intend to hold my contracts as my charts don’t give me any reason to buy back right now.

Ditto on silver – that was almost surgical. For some reason gold and silver always has treated us well in the past few years. If you can detach yourself from having an opinion about precious metals then they can be quite a bit fun to trade.

Right – let’s get to the setups – we have plenty again today. USD/JPY at the 100-day SMA and in a potential RTV Sell configuration. Great setup with great context – I love how the whole shabang is wrapped within two daily SMAs. Don’t miss this one – I expect a fun resolution.

Quite a bit more looming below – please step into my lair:

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Shameless Self Promotion:

I would be remiss to not again point out today’s Mole reversal signal on the Zero indicator which once again nailed today’s low on the E-Mini. If you’re still not subscribed then consider that a month sets you back less than a single handle on the E-Mini. If you’re interested to give it a test ride then subscribe right here. That’s right, give me your tired, your poor – your huddled masses yearning to breathe free 🙂

Some of you old timers may remember that the Mole happens to be a metalhead, among other eclectic tastes of course, spanning from classical to trance to latin music, you name it I probably like it. I concede that metal is not everyone’s cup of tea but if you’ve got the same genetic mutation that somehow kicks your brain into overdrive upon being exposed to some eardrum splitting rapid sledgehammer drums then you simply can’t miss out on this one – it’s so fabulous that I dedicate today’s post to those mighty warriors of the North:

Here’s a little sample – please make sure that no animals or young children are within a minimum four mile radius:

Probably the best eight bucks I ever spent – enjoy!