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Monday Morning Briefing
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Monday Morning Briefing

by The MoleJuly 8, 2013

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.

The bearish case is officially dead, at least until further notice. However as you recall our long trigger occurred at 1614.5 so fortunately we didn’t get suckered into the short side ahead of the Independence Day weekend. Once again sticking with our charts instead our emotions or directional bias paid off in the end. There are no further observations of value on the equities side – unless we see support levels (i.e. 1,608.5, or the 100-day SMA) being taken out we remain in bullish mode.

Crude is looking a bit tired this morning – I’m short with a stop above the SMA.

USD/JPY climbing its 25-hour and I would be long above 101.4 – short below that NLSL at 100.924.

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Public Service Announcement: I would love to tell you that I spent the last five days roasting in the sun whilst sipping martinis at some Mediterranean beach resort. But the ugly truth is that I have been spending the majority of it in front of my workstation putting the finishing touches on CrazyIvan as well as some related services. On that front some very exciting news will be forthcoming shortly – so please stay tuned 😉

Cheers,


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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