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Friday Morning Briefing
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Friday Morning Briefing

Friday Morning Briefing

by The MoleJanuary 9, 2015

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.

2015-01-09_spoos_briefing

Equities were trending sideways but just got a nice boost from positive employment numbers. So as for now it looks like the 25-hour SMA may just hold here and drive us higher. If you are short term long here then put your stop below 2050 and cross your fingers 😉

2015-01-09_gold_briefing

Gold also on a sideways trajectory right now as it keeps bumping against its 100-day SMA. The 100-hour however is leading higher apparently and I’m long here now with a stop below the SMA at ~ 1207.

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You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.

Cheers,

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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