Little did I know what I was heading into when I wrote about ‘hell week’ yesterday. Right in the middle of the session (Murphy’s Law never fails) the Zero indicator feed suddenly died and I subsequently was unable to get into my remote VPS. I filed a support ticket with the hosting firm right away but have not received an answer as of today. None of the phone numbers on their site work and it starts looking like the company just went dark overnight.
I actually suspected this much yesterday already as that firm had always been a bit iffy, but I had stuck with them over the years as they were the only ones I could find able to set up a custom hypervisor installation with a high resolution headless graphic driver. If that all went completely over your head then I don’t blame you, I’m pretty technical as you know and all that virtualization stuff it’s completely outside of my domain as well.
Turns out Scott had a VPS running there as well and we both basically are finding ourselves with our pants down at our ankles. On my end I will have to probably lease a (much more expensive) bare metal server now in order to run ThinkOrSwim (which in turn runs the Zero indicator of course) with some decent high resolution screen estate, i.e 1600×1200 or larger. It’s a long and sordid story but doing this with RDP doesn’t work as the screen scraper just stops after you log out.
In the interim, if you’re a Zero sub don’t despair as I’m running it from my local system until I am able to find a new remote solution. Suffice to say however that I was sweating bullets and didn’t sleep much last night as I have a bunch of subs who depend on the Zero and nobody ever enjoys getting angry emails. If you were affected yesterday then accept my sincerest apologies, and trust that I’m working hard to get things back on track. In any case, if there are any issues at all today don’t hesitate to contact me right away at admin@.
Nice little head fake there yesterday and I already started to feel like an idiot talking about hell week and statistical precedence and all. Unfortunately, for anyone unwisely chasing this higher, the E-Mini turned on a dime after hours, breached below our 2765 inflection point, and didn’t look back until touching ES 2736.
It then managed to produce a juicy looking spike low but I’d be foolish to even think about a long position here given that both Draghi and Powell are scheduled to speak tomorrow.
In terms of support we have the 25-day SMA where we are pinned right now, but if things turn ugly there’s the 100-week SMA at 2725 and then there’s nothing for a long time until 2600. I don’t think that is a high probability scenario but I would not rule out a drop to 2725 especially right after Jerome ‘Kryptonite’ Powell has the mic.
Crude stopped me out at break/even last week and it has since bounced back just to drop back down again. So quite a bit of whipsaw but what’s interesting is that it’s happening right underneath the 100-daySMA, which is in the process of dipping.
Meanwhile it’s hugging the 25-week SMA and if that one gives we could be in for a wild ride lower. I’m pretty sure Nicolás Maduro is watching this chart whilst freebasing Zoloft.
Speaking of losers here’s silver which didn’t even give me a courtesy bounce before stopping me out within a session. I did however anticipate that and had cautioned everyone to not exceed 0.3% on what clearly was a long shot lottery ticket.
Natgas is also a stop out but at least I was able to eke out 0.8R in the process. I had high hopes for this one but apparently that upper 100-day BB was more strain that it could bear. Well, they don’t call it the widow maker without a reason – it runs quicker than a hare.
ZB almost caught me as well but thanks to my advanced AI based campaign management system I call ‘SkyNet’ I am now back near the +1R mark. Stop doesn’t go to break/even – it’s staying there, sorry for the incorrect label on the chart (lack of sleep).
And finally USD/JPY is trying to give me a hard time again and I just about had it with this campaign. I’ve now put my stop right below the recent spike low near 109.6 where I will be happy to pull the cord if it deigns to drop lower once again.
Messy tape and volatility to spare this week, hide all your pets and small children and don’t even think about making any big bets. Keep your cool knowing that better times are on the horizon. Alright, I’m off to the gym and after that I need to deal with tech issues as you know.