Tuesday Morning Briefing

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.

While equities are slowly bubbling higher (a.k.a. ‘the slow bear roast’) I’m not seeing anything exciting on the setup front. The only three piggies I was able to hunt down were hiding out in the Forex cave. Here’s the USD/JPY still in the process of testing its 100-hour SMA. There’s also a NLBL right above which is unfortunately about to expire. Since that 25-hour is meeting up with price shortly it’ll still make for a good inflection point.

Possible last kiss goodbye on GBP/USD – it decided to revisit its 100-hour and there’s also the 25-hour and a NLSL joining the fray. I wouldn’t want to be long unless that NLBL at 1.52682 is being triggered.

Finally there’s the GBP/JPY – similar configuration as the USD/JPY but in my mind a cleaner setup. The NLBL is right at the 100-hour – that’s how we like it.

Bonus chart! This is why we follow the Zero indicator.

I’ll finish today’s briefing with a little tale:

When the Mole finally kicks the bucket he takes the express elevator to hell and is greeted by Lucifer personally. After the obligatory sexual harassment 101 seminar Lucifer gives him the VIP tour and finally leads him to a posh suite with a view to the beach where he’ll be spending eternity.

‘Hey, this ain’t so bad – looks like ole’ Lucifer just got a bad rep!’ thinks the Mole as he sits down to check out his new laptop which even comes with a high speed Internet connection. Suddenly the door opens and Lucifer pops his head in. ‘Better get to work Mole! Your 50 Million new subscribers want to know about the VIX Buy Signal! And remember – there’s no copy/paste!’

If you’ve been coming here for more than a few months then I’m pretty sure you get the joke 😉

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.

Cheers,