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Quark’s Busy Wednesday
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Quark’s Busy Wednesday

Quark’s Busy Wednesday

by The MoleDecember 3, 2014

Courtesy of a raging Dollar (tee-heee!) we’re going to have a very busy morning. So get off fartbook or whatever attention whoring social media sinkhole you’re wasting valuable daylight in, and let’s focus on all those juicy setups that the mighty Mole continues to extract from Mrs. Market.

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For she’s a raving bitch, but if you know how to sweet talk her and play by the rules she’ll let you run your little schemes behind the curtain. Think Quark on Deep Space Nine – now that’s a smile only a mother can love.

2014-12-03_spoos_briefing

Equities are coiled up and ready to roll, should they choose to do so. The mojo here leaves a lot to be desired and I’m operating with utmost caution. However, given this current candle holds I’m tempted to add another 1/2 R with a stop below those converging SMAs (i.e. ES 2063). If this sucker finally gets going it’ll be a sight to behold. If not then we’re looking at a another leg down – be prepared.

2014-12-03_CL_briefing

Crude – trying to make up its mind – down we go or is it going to be a reversal? Yes m’am! I’m in either way and although I’m short right now Quark assures me that my long entries are waiting near 68.4.

2014-12-03_USDCAD_briefing

USD/CAD – I’m long here as soon as it closes an hourly above 1.14. Stop below a rising 100-hour SMA. Not the worst setup you can take…

But wait there’s more – meet me in the lair:

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By the way, be cautious around 10:00am Eastern as we’re getting the new ISM Non-Manufacturing purchasing managers index (PMI) numbers – always good for a few shake out gyrations.

Today’s Ferengi rule of acquisition:

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Nothing is more important than your health … except for your money.

This ought to keep you rats busy for a while. See you later this afternoon.

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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