Now Reading
Return Of The Market Mole
11

Return Of The Market Mole

Return Of The Market Mole

by The MoleApril 15, 2014

Alright guys – it’s very late over here and I haven’t even unpacked – plus I just realized that I left my iPad on the train and as you can imagine I have a few passwords to change. So here’s the skinny:

After giving everyone the run around for the past week the tape started to run like a hare in the previous two sessions. Very very difficult to get a lock on things and I’m sure a ton of people got trapped into bad positions here. If you had any sort of directional opinion you are feeling the pain right now. So let’s talk facts – the E-Mini is on top of the 100-hour and 100-day SMAs right now. That’s slightly bullish but given the recent gyrations it’s still a far cry from being out of the woods for the bulls.

Interestingly however we just completed a bonafide VIX buy signal – which for the noobs I always have to qualify is relative to equities. It’s another ace for the long side but let’s see if we get follow through in the remainder of the week. We may meander around a bit more trapping more retail rats before this thing decides on where to move next.

For the record – it’s been a brutal spring for everyone so far. Although we have dropped a bit lower today’s push above meaningful resistance puts us back into the churn zone and that means we may see more of the high volatility sideways madness we all love to hate.

Now excuse me while I go kick a tree…

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 then don’t waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

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.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator