Feeling Squeezy?

Seems like we nailed the floor down to the candle courtesy of the Zero indicator. That’s how it goes – sometimes you get nothing for a week and then there’s that one signal that puts you ahead of the crowd when it matters the most. I’ve said it before and I’ll say it again – I wouldn’t touch equities in general without it.

Nice divergences – I recommend you also check out this morning’s post which shows the prior session and puts the signals into beautiful contrast. Today the Zero Lite signal seems to be happily gyrating above the zero mark – let’s see if we can get a more juicy squeeze here before the close. Watch the Zero Lite for possible signs of exhaustion (e.g. a bearish divergence) – the bulls are not out of the woodworks just yet.

On the cash we’re now running into a hurdle – there’s the 100-hour SMA plus the 25-day backed up by a brand spanking new NLBL at 1687 plus change. I don’t think we’ll hop over that without a bit of commotion – so be prepared for that.

Odds strongly favor a bonafide VIX buy signal today – for the noobs: that’s relative to equities obviously. FWIW – I told you guys two sessions ago to stay away from being long vega. If you didn’t listen then you are probably feeling it today – quite some vega crush happening here.

Setups – setups – we do have some nice ones today. You guys have to stop staring at equities all day. There are plenty of goodies to be had across various markets, so do your homework. Don’t be afraid of posting charts to the comment section either – I’m doing all the heavy lifting and haven’t seen much of value there recently. Setups setups people! It’s not a chat room – it’s supposed to help us collaborate and bank coin. Snap!!

Anyway, grab your secret decoder ring and roll up your sleeves – we’ve got work to do:

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Cheers,