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Equities On Cruise Control
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Equities On Cruise Control

Equities On Cruise Control

by The MoleOctober 29, 2013

Unfortunately my physical condition hasn’t improved much so please forgive me if this will be a really quick update – I’m obviously not trading today. At the danger of pointing out the obvious I would however like to warn any of you to step in front of this slow motion melt up.

I think the hourly SPX chart shows the point I’m trying to make – markets rarely move in such an orderly fashion and this has been going on for five sessions straight now. The whole situation reeks of bot driven activity and when they throw things into reverse is anyone’s guess. Actually I strongly caution you to not even think about this as there is no context and most likely your imagination would be tempted to fill in the void.

On the hourly Zero indicator we are seeing very muted participation – especially when compared with the early phase of this particular leg higher.

A little bit more content below for my intrepid subs:

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Thank you all for the kind words in the comment section as well as the emails – I hope to be in much better shape tomorrow.

Cheers,

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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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