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Freaky Friday Morning Briefing
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Freaky Friday Morning Briefing

Freaky Friday Morning Briefing

by The MoleFebruary 7, 2014

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.

Folks, I have an inkling we’re going to see some movement today – everything is lining up for a big move. Equities first – the 25-hour has been carrying nicely and overnight we haven’t even touched. Pretty bullish – also given that it slipped across the 25-day we are now pushing into bullish territory. Yes, still possible that this is a LKGB but the bears would have to stomp on this post haste – the odds for that scenario are now diminishing rapidly with each tick higher.

The YM and the NQ are looking pretty much identical – the big laggard has been the TF but it’s now pushing above its two converging SMAs. That’s looking solid so far – now let’s see if the 25-hour can provide some traction higher.

The bonds – boy, I what a nice chart – it’s falling in a very orderly fashion and if you manage to grab a touch of that 25-hour then I suggest you be short with a stop a few ticks above it.

But we are just getting warmed up – I literally have a plethora of setups today. If you decide to follow me into this abyss then I suggest you cut your exposure to 1/2 or 1/3 R each as you otherwise may become over exposed. Correlation risk on the Forex side is a very real problem.

AUD/JPY is looking very very juicy here – I want to be long with a stop below 91.13’9.

CAD/CHF – it looks like it really wants to climb higher but that SMA is blocking the way. Well, if it gives way I’ll be long with a stop below that NLBL.

Many more goodies below – Forex is simply off the hook this morning – please join me in the lair:

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Event risk:

Jobs report at 8:30am in the morning – will produce gyrations.

Cheers,

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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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