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There Is No Butter In Summer Opex Hell
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There Is No Butter In Summer Opex Hell

There Is No Butter In Summer Opex Hell

by The MoleAugust 18, 2015

It’s OPEX week and clearly that is not helping what is already a sideways low participation high volatility summer tape from hell. So let’s treat carefully and pick our victims extra carefully.

That’s right, there is no butter in hell. So don’t try to be smart and play the swings here – you will be stomped on.

2015-08-18_spoos_briefing

Case in point: You may recall the NLBL on the daily E-Mini chart I posted yesterday. After breaching the diagonal this is where the boys were to be separated from the men. A breach higher would have put us on the path to taking another whack at the 2120 mark. But as many times over the past few weeks participation died off instantly and profit taking continued overnight. There may be another long opportunity (i.e. LKGB) near the 100-day SMA but we’d have to judge participation there. Which means – watch the Zero today like a hawk.

2015-08-18_bonds_update

My bond campaign has been taken to the woodshed and I’m out at break/even. Waiting for new instructions here – we may correct quite a bit lower and that will be a great spot to get positioned.

2015-08-18_sugar_briefing

Sugar stopped me out at ISL overnight but it’s still moving in the right direction. So I’m back in LONG but this time with a stop below that recent FU spike low near 10.5.

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Cheers,

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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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