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Twelve Monkeys
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Twelve Monkeys

Twelve Monkeys

by The MoleDecember 6, 2012

Participation on the equity side has but disappeared – we are talking a complete flatline since the NYSE open. The honeypot game continues and I feel pretty good about having told you to stay the heck out of this mess early in this morning.

This is pretty much as bad as it gets – as you can see we have zero participation on the E-Mini and the gyrations you see are nothing but market maker monkey business designed to frustrate the hell out of you. I for one think you have suffered enough and so decided to give you twelve reasons for a happy face as there are actually quite some setups to be had. As the evil lair needs to be promoted I’m going to make this a freebie – so leeches everywhere rejoice!

All of today’s suffering may just pay off tomorrow (or Monday) as the E-Mini is painting an inside day candle. You know the rules and if you not then point your browser to our cheat sheet.

GOOG – sitting on the brink and I’m long with a stop below the daily NLSL and the 100-day SMA. That ought to be good for some support I reckon, right? Watch the short term panel for early clues should it decide to slide.

AMZN still trending but painting an inside day candle as well. I would prefer continuation but will take either breach tomorrow.

INTC – still short here with a stop above the 25-day but it’s looking like I may have to flip it soon. My inflection point would be 20.5 – if we push up to there I’ll make it a long. Which could actually be the better setup – would love to see a short squeeze after that sell-off.

BIDU – I will be long on a breach of the 25-hour SMA. I know it looks scary – have some balls, for heaven’s sake. Seriously now – this would be a short term setup which may (just may) turn into a medium term. Let’s see what happens today at the close.

Gold – possible last kiss goodbye. I’m want to be short near the 100-hour SMA – please climb up there! I would be long after 1710.

Copper sitting on ST support and a daily NLBL. I’m long with a stop below that one.

Sugar – I’m actually now short with a stop above the 100-hour. As you can imagine we’ve had some movement since I took this snapshot.

AUD/USD – also looking sca-ary. I’m long with a stop below the 25-hour SMA. This is a low probability high payout trade – treat it accordingly.

Similar setup on the EUR/AUD – very speculative long with a stop below the daily NLSL.

Doing the very same on the EUR/CAD. These types of setups are not everyone’s cup of tea, it’s permissible to wait until you see the daily NLSL tested a bit more.

Last but not least. If you took a long on the DX this morning then do yourself a favor and take profits now. However, we are striking a daily NLBL and that may lead us higher. I’m frankly a bit ambivalent here and suggest a tiny long with a stop right below the NLBL. Another factor are those SMAs which are not too far from here and will impose resistance. My blessings are with the old greenback but unfortunately it usually gets kicked back down hill recently.

This ought to keep you guys busy for a while. Party on Wayne and don’t do anything stupid – keep disciplined with your stops – keep it frosty – live to trade another day.

The future is now – so don’t bring a knife to a raygun fight. If you are interested in becoming a subscriber then don’t waste time and sign up here. A Zero subscription comes with full access to all Gold posts, so you actually get double the bang for your buck.

Cheers,

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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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