Summer Exhaustion

If you caught my early morning briefing then you know that we are technically in a short setup on the equities side. Yes, I cannot blame you for the lack of excitement (if the current comment count is any indication) – it’s summer and participation is slow, thus they can bang the tape pretty much wherever they please.

That said – there is always coin to be made if you pay attention and bother to show up. Here’s a little Mole reversal signal I posted in the open today right when it happened but unfortunately it was met with deafening silence. Come on people – do I have to send written invitations? Sheesh…

Gold – a little update: If you were a sub then you were treated to a great early morning setup near the 25-hour. I hope you took it and I actually think holding on to it is good medicine. My current target is 1388. Ambitious? You betcha but it’s so evil it may just work.

PLENTY of goodies today. Here’s the 30-year bonds futures contract which is painting an inside day and just triggered an inside week. Very cool inflection point – and I want it!

Since spoon feeding may be required – here’s trigger via my CrazyIvan chart – 134’18 is your uncle. Technically we already triggered it so find your own damn entry 😉

P.S.: I should probably mention that the lower trigger is 133’29.

The greenback is back at the 100-hour SMA – so we pretty much are where we started this morning. As the 25-hour is pushing higher I however wonder if it may catch a ride higher here soon – so watch this one!

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Cheers,