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Thursday Morning Briefing
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Thursday Morning Briefing

Thursday Morning Briefing

by The MoleMay 16, 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.

All warning signals notwithstanding equites continue their march higher. I would not be short here unless 1650 is taken to the cleaners.

The NQ is exhibiting a lot of mojo this morning and just pushed through a cluster of hourly NLBLs.

The Dollar is at its 25-hour and this could go either way. Note the Bollinger compression – I expect a fast move here in the coming hours.

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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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