Zero Indicator
Now Reading
Thursday Morning Briefing

Thursday Morning Briefing

Thursday Morning Briefing

by The MoleJune 20, 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.

I hope you were watching the Zero yesterday as those Mole reversal signals were delicious and offered us several scalping or swing trading opportunities despite (and perhaps courtesy of) the spasmodic FOMC day gyrations. Watch the video and then decide whether you’re better off with or without the Zero. A subscription costs you less than one E-Mini handle per month – you do the math.

Yesterday’s Fakeout Sell entry on the E-Mini is rocking and rolling as it’s currently trading below its daily NLSL at 1617.25. That was a major fail for the bulls and the implications could be tremendous. Well, I must concede that I talked about technical damage over a week ago and the bulls still somehow managed to run the tape higher (not coincidentally due to the Fed printing pump continuing to run unabated). Let’s see what happens when the market has digested the Fed’s new story and whether or not we can once and for all get out of this dreaded sideways zone. As I’ve said before – the first emotionally charged gyrations don’t matter – it’s the follow up that does. So we’ll follow up on this later today.

The FX side is pretty much shot to hell right now and I’m not seeing any ST setups right now that I would be comfortable taking. Only exception may be the GBP/JPY which may give us an hourly RTV Sell. Condition is that the current candle does not breach the spike high and that it closes higher than the previous close. The sell would be active on a breach below the red line (i.e. the low of the current candle).

Odds for this to hit are admittedly low but I want you guys to start getting used to the rules so I’ll offer this types of examples going forward.

Wheat at its 25-hour SMA – not very exciting but if you like the grains it’s a good spot to get positioned. I would be long as long as she holds the SMA.

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 service also offers access to all Gold posts, so you actually get double the bang for your buck.


Sign up here to receive my FREE early morning briefing:

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