Now Reading
Happy Monday Morning Briefing
170

Happy Monday Morning Briefing

by The MoleJune 1, 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.

2015-06-01_spoos_briefing

The week is hitting the ground running it seems. As Skynard mused in the prior post – we are most likely going to see a spike in volatility here today. The spoos are looking super juicy here as we are tickling support and it’s my patriotic duty to grab a long position with a stop below 2099. Below that we’ll probably drop into whoknowshowlow. Which means I’ll swap for a short if stopped out.

2015-06-01_ZB_briefing

The 30-year bond futures are also sitting on a binary inflection point – long above the NLBL and short below the rising 100-hour SMA which is also backed up by a NLSL. Bonus point – you won’t have to roll for a while if it starts trending, so stop futzing about and get on with it.

2015-06-01_gold_briefing

Time to strike while the iro… uuuh gold is hot – a stop below 1180 should do the trick. This one is also short of dropping off the plate which means I’m open to flip the script and go for shorts if stopped out. All that sideways tape has lulled you into almost slavish submission and I bet good money right now most of you rats will miss the boat once it starts trending. Prove me wrong.

2015-06-01_GBPNZD_briefing

GBP/NZD – long here with a stop below the 100-hour SMA. Who wants to live forever? Me actually which is why I’m only playing 1/2R.

You want more? Better pay up and join the club – leeches only get to see the tip of the iceberg 😉

evil_separator

It's not too late - learn how to consistently trade without worrying about the news, the clickbait, the daily drama and misinformation. If you are interested in becoming a subscriber then don't waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Please login or subscribe here to see the remainder of this post.

2015-06-01_events

A bit of event risk around 10:00am Eastern – so batten down the hatches around that time. 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.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator