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Let’s Rub It In A Little
72

Let’s Rub It In A Little

by The MoleJuly 12, 2011

Okay, so it’s summer and everyone is bitching about how there’s no edge in the tape – especially some of those lazy ass Ozzies who shall remain unnamed. Well, let me prove you otherwise and also take this opportunity to rub it in a little. Heck maybe I can even convince you to part with a mere $29.-/month to stop the slow drip drip drain on your portfolio 😉

Yesterday I postulated (to the subs) that the spoos may either hold steady or drop toward the equivalent of SPX 1300 and then bounce back from there. It happened overnight and a lot faster than I thought but that’s exactly what happened.

Bonds: Once the 30-year futures pushed above the 25-day MA without a retest a touch of my 127 target proceeded as suggested.

The NLBL gave us two targets – one at 1526 and we are now at T2 (mislabeled on the chart) at 1560+. Again, the push above my trusted 25-d SMA sealed the deal on a push higher. But bear in mind that without price context (i.e. the Net-Lines Buy Level) that MA would only have limited meaning. Folks who only use MAs for entry decisions quickly learn that lesson – one way or the other.

Last but not least – Corn futures. I suggested a long entry at 600 when everyone ran in circles with their hair on fire. Look where we are now. I think I am going to add Corn and perhaps Sugar to our daily Net-Lines inventory.

Finally, a little freebie for everyone: Crude bounced at the NLSL and although we may see a little retest this suggests we are pushing toward the 100 mark. That NLBL is near the first target range, so if you take this NLSL rejection as a long entry (some play it that way) then I would be out there.

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber member then don’t waste time and sign up here. The Zero indicator feed also offers access to all Gold posts, so you actually get double the bang for your buck.

Cheers,

Mole


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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