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.

That’s right – back to work bitches! The next holiday on the horizon is Lincoln’s birthday (screw president’s day) on February 17 and then we should be good for a few months. Truth be told I actually enjoy the holidays as it gives me a chance to catch up on my chores. The new version of Heisenberg got deployed yesterday and it’s already kicking ass and taking numbers. It’s not too late – you can still sign up for the free beta. I also beefed up the documentation – please take a peek under the Heisenberg menu bar above.

Now since it’s been a few days since we looked at equities let’s get an overall feel of the situation first. Above you see the hourly/daily panel and on both we are looking at solid support thus far. Which leads me to our morning setups:

I don’t see anything on the event calendar that would affect U.S. equities right now. Thus I’m waiting for a breach of that NLBL at 1840.5 – if breached I will be long with a stop below 1836.

The NQ is even looking sweeter IMNSHO – both short term SMAs are converging and our trigger is at 1,605.5. Put your stop below the SMAs and Bob’s your uncle.

We have plenty more goodies for the subs – please join me in the lair:

It's not too late - learn how to consistently trade without worrying about the news, the clickbait, the daily drama and 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.

Please login or subscribe here to see the remainder of this post.

Cheers,