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Setups Galore!

Setups Galore!

by The MoleMay 21, 2012

This is the kind of tape I live to see – plenty of setups and everything seems to have come into sync. Before we do the roll call a quick word about that Zero outage. I have been working behind the scenes to fix these intermittent hickups which started when I moved my setup over to some ThinkGrid virtual machines. Little did I know that they would be rebooting things in the middle of the night plus there are other headaches I had to sort out. It’s been very time consuming on my end and because of that I decided to move things over to my own server which will run in a different data center. This whole ThinkGrid computing cloud thing simply doesn’t seem to work for the evil Mole. Anyway, I’m going to keep you posted – most likely I will roll things to the new data center over the weekend. Your patience is much appreciated.

The spoos jumped back a bit earlier than I expected – but it makes complete sense if you have been watching the currency side (which we have). More on that below – but for the subs only – sorry. If you’re long here than watch that 100-hour SMA – should be good for a bit of turbulence and a breach is essential to drive things higher, at least until we get to that first daily NLBL.

The VIX dropped like a rock today and if you sold vega on Friday (perhaps via a reverse calendar spread) then you should be nicely in the green. If you missed out then you may still appreciate the fact that we are now again 2 steps into a bonafide VIX buy signal (yes, it’s relative to equities – please check the cheat sheet). Tomorrow we wait for confirmation – until then do not second guess where this is heading.

Ole’ bucky seems in the process of a correction – we are most likely going to close below that daily NLSL. I’m still not sure about a target as there’s not much below to hang our hats on. You can be short here with a stop right above that NLSL.

Alright – I have a ton of setups for you guys – please step into my summer lair:

[amprotect=nonmember] More charts and cynical commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
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AUD/JPY is such a trooper – we like it when the are so well behaved. Nice touch of the support zone and….

… inside day! As you may imagine I’m only interested in the long side right now.

CAD/JPY – inside day – I plan to take either side.

EUR/AUD – nice push outside that BB and a immediate snapback.

Plus there’s an inside day! How could we pass this one up? Especially with such a small trigger candle. I would only take the downside here – per Scott’s rules.

NZD/USD – also inside day. You know what to do.

Gold snapped back after scaring the children there for a while. Now back at the NLBL it breached on Friday. Me like!!

Silver – inside day! But mind that resistance looming just above – we may bounce back there.

Here’s a better perspective. This is a good long until we get stopped out below that NLBL at 1,585.8.

Natgas – another inside day – when it rains it pours. I would take either side on this one.

And then there’s soybeans – another nice inside day setup. I am slightly partial to a long reversal here but would take either direction.

That ought to keep you guys busy for a while!


Before I run I just want to point out how stoked I am to see such brilliant scalp signals on the Mole the day after I released the new version:

Not too shabby, ain’t it? Let’s see if we can keep this up!


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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