Light Summer Setups

Equities were in shake out mode this morning but we are near today’s daily trigger again. Let’s review the situation and follow up with a handful of light summer setups.

This is a hammer long in an uptrend plus it’s an Retest Variation Long. Your stop will be below yesterday’s lows which is more than generous. If you want to tweak it you can also use that NLSL at 1962.5 – actually that’s what I’ll be doing.

Gold is back below its two daily SMAs – this may be a last kiss goodbye configuration but I’m open to both directions courtesy of the inside day candle. You know what to do.

ZB futures – another RTV – this time short. But it’s also an inside day candle and if it closes like the chart a hammer long. So various reasons to justify an entry here. This may take a few days to finally resolve but with gold you need to bring an extra helping of patience.

Cable – big move there yesterday and it now has to pick a direction. I would prefer the long side courtesy of that NLBL but we also have an IP with a long trigger right on top of it. Got to love that one – plus we have the 25-day offering potential support from below. I’m mostly interested in trading with the trend here.

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Cheers,