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by The MoleDecember 26, 2013

Activity here on Evil Speculator will be pretty muted this week as most of you guys are probably out there hitting the slopes (without the hopes). A ton of gapping action on the FX side so I’m not going to touch that one for now. Silver is looking interesting as it responded pretty wildly to the initial claims announcement earlier this hour:

IF it’ll reverse this candle then IMNSHO it’ll do it right here. We’ve hit a pretty pronounced falling diagonal and I’ll risk a small short with a stop above. Absolutely would take a breach higher into a long trade – actually this is what I hope it’ll do as the recent activity suggests a floor pattern.

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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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  • i Bergamot

    Morning, boss!
    Would you agree that Gold Miners and Bear Trap is the most unusual combination of words, but there it is: See chart below

    X-Mas miracle? we will see…

  • SilverEagle

    Is there any easy way to determine targets on these or just implying we’re looking for higher prices quickly?

  • molecool

    Targets depend on your system and your time frame. And of course a bit on velocity of the ensuing move. It’s a big topic and we cover it here pretty extensively – perhaps not today as everyone is gone 😉

  • ridingwaves

    metal shorts might close out some positions over next couple days to help with your cause…they have made some good change…

  • bdoone

    Thanks Mole for dedication to us diehards or maybe we’re crazy…even Skynard AWOL…but you cant win if you don’t play.

  • Heisen_Gerb

    Time to lighten up on my tech.
    I’m a patient Gerb.

  • i Bergamot

    Important to remember that there is no fixed time axis. PF charts i use are scaled to fit my methods, attempting to catch and ride weekly-to-monthly trend. There are plenty fluctuations to be exploited along the way.

    I think StockCharts subscribers have access to intraday point-and-figure charts. I don’t signup for anything (sorry), but really would love to get hold of that tool.

  • Darkthirty

    5 minutes till short……

  • Skynard

    Air is getting mighty thin up here, placed short /NQ and now long /ZB.

  • AcoBrasil

    $VIX spot broke outside of lower BB band on a potential hammer move. $SPX broke out of upper band while hitting a parallel channel, while breaching overbought RSI territory.

    Good risk-return short right here.

  • Darkthirty

    Scalping anyway. No reason for the banksters to tank this now, gotta get the bonus first!

  • bdoone

    I knew you were out there…VIX 11.69 low…CPCE 12/24 close .46…AAII Bull Sent +7.6 pts to 55.1%: highest since Jan 6, 11…Hist. Ave: 39%….Neutral Sent -1.1%… Bearish Sent. -6.5pts to 18.5% near 2yr low. Hist Ave: 30.5%
    Bull/Bear Spread never wider…etc etc

  • bdoone

    VIX buy signal tease

  • ridingwaves

    I’ll take some sugar with my cup of tea…the daily chart is similar if not more pronounced..loaded up between 4.50-5.60.. no debt, 250m in bank, obesity story with caveat the diabetes play..65 million shorts.good be fun..Happy New Year

  • ridingwaves

    tomorrow could be nice pullback if scrips come in light…

  • molecool

    Pretty nice Mole signals today:

  • DollarChaser

    anyone see anything on the FX side of the force? im long john silver after a breach of that massive hourly candle. got in at $19.16. come on floor pattern….

  • Skynard

    Wow, dollar shit the bed. Hello div

  • newbfxtrader
  • molecool


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