New Server!

UPDATE 9:38am EST: I am happy to announce that EvilSpeculator now runs on a semi co-hosted super computer, which should cut down any outages.

Its name is HAL and it even talks to me 🙂

My stochastics grid will need to see a lot more of a drop before it agrees to point down. This is just some profit taking. Wee seem to be holding around 828. I’m watching the Yen drop along with equities, which is reminiscent of yesterday. Zero is only slightly bearish – unless I see some real momentum sometimes soon I might just take profits and reload on Tuesday.

UPDATE 9:57am EST: Consumer retail report worse than expected but we are shooting higher now. I cut my positions with small gains and will just observer for the rest of the day.

BTW, that fucking server is expensive, so don’t be shy when you see an advertiser that looks attractive. Of course do not click on anything unless you are interested in their services – I don’t want to get booted off of AdSense.

UPDATE 10:19am EST: Okay, we’re now just turning in circles and I’m in 100% cash. Reason: I really feel uncomfortable being in a non-winning theta-burning situation while stochastics are pointing up, I see huge candles against the original trend, TNX pushing up, Yen getting slaughtered during NYSE hours, etc. Yes, it’s possible that it all gives way and we crash downwards today but I’m looking at the odds and they are not in my favor.

Had I kept my Junes I would probably sit all this noise out, but in the face of a 3 day theta burning weekend I treat very carefully. Remember folks, we cannot force the market and right now it seems to be bouncing back every time. That reminds me of last November when we were thinking that we’d see further downside and the market kept telling us otherwise. I suggest we head for the sidelines and wait until we find ourselves in a spot where the odds are on our side.

In a perfect world I’d like to see the tape climb those fibs. I’d get interested around 841, excited around 850 and ecstatic around 861.

UPDATE 10:32am EST: Check out my 2.0 BB band on the Yen:

That’s a nice Yen smack down – also observe the little gap it wasn’t even able to fill. Again, I get excited once we push outside this band, not before.