Let’s Dive Right In
Let’s Dive Right In
So, are we finally done yet? Through how many more holidays will the Mole have to suffer? And there’s another one coming on February 16th – it just never ends! You think I may be kidding but I’m actually halfway serious. Look, I enjoy some time off as much as the next steel rat but as soon as there’s a holiday the entire trading week before and after is pretty much shot. Enough is enough – time to bank some coin.
Alright equities – it seems like the bears are going to fumble this one again. The spoos are looking good here and today’s session should decide whether this is one last bull trap or if the bulls are getting blown out of the water. See that hourly NLBL – I’m catching it with a long and my stop is below 2013. Got to hedge my NQ short position which (thank the trading gods) has its stop at b/e by now.
Crude – long here with a stop below 47.5. IF we finally get a pop above 50 this thing will grow some legs. Until then we’ll have to suffer through the sideways churn.
Two more goodies below the fold – please join me in the lair:
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You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.
Cheers,
