Freaky Friday Wrap Up

It’s officially spring in Los Angeles and since I basically live in a little forest in the Hollywood Hills my allergies are acting up like crazy. So, I’ll be quick and dirty with this wrap up as it’s Hefeweizen time 🙂

The Zero was picture perfect today as it was stubbornly pointing up. Nice bullish confirmation on the Zero Lite right after the open – a little tiny bearish divergence mid day that however did not get too much follow through.

To use Californian surfer dude lingo – I was seriously stoked when Geronimo landed two consecutive wins in the first part of the session – and then seriously bummed out when it lost those ill gotten gains in the second half. Down 4 ticks (1 handle). Not a biggie but down for the day – not going to sugar coat it.

What’s interesting is that last trade which was looking good and then suddenly got stopped out with one long handle. Somebody with deep pockets was not keen on holding over the weekend, I can tell you that. Maybe all the news floating around has spooked the bulls. Personally I usually ignore the news – today’s tape is yet more evidence that supports my strict policy.

Before I go I can’t help but boast about that awesome AUD/USD trade – this was posted for the subs yesterday and it basically jumped to my target area in one day.

I guess that justifies a shameless plug: If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.

Have a great weekend, folks! I recommend you forget about the market for at least one day and enjoy the onset of spring (depending what frozen hell hole you live in of course). At least over here in L.A. I am opening my personal Biergarten.

Ozapf’ is!! 🙂

Mole