Now Reading
Thursday Morning Briefing

Thursday Morning Briefing

by The MoleJanuary 17, 2013

Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.

Ole’ bucky is getting stomped again. No big surprise – after all, slamming the gate at important inflection points has been the name of the game and has served to keep the greenback from gaining traction. It’s been going on for years and it’s where we need to get positioned to effectively hedge ourselves against the destruction of our fiat currency. Anyway, let me climb off my soap box – yes, I’ll be here all week.

The ST chart shows us a potential failure of the 100-hour which was preceded by a failure of the 25-day SMA earlier in the session. I would be short here with a stop below the dropping 100-hour.

Natgas seems to be testing its own 100-hour. Long right now with a stop below.

Bonds – the 10-year may be painting a last kiss goodbye. I’m short with a stop above. However, this puppy may bust higher and I’d flip it for a long if we make it above the 100-hour (which is still rising).

NZD/USD  has been range bound in recent days. Long right now with a stop below the SMA if she manages to creep above those two entangled SMAs. Not interested in a short for obvious reasons.

USD/CAD – long near the 25-hour. Seems like great support – let’s see if it continues.

It’s not too late – learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don’t waste time and sign up here. The Zero indicator feed also offers access to all Gold posts, so you actually get double the bang for your buck.


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.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c