Vegas Baby Vegas!

So I’m off to Vegas for a few days of fun & games plus to visit an old friend. Frankly, I’m not much of a gambler – never was. Although I learned a lot about game theory and developing edge from professional gamblers I prefer my charts and being able to wait for that perfect setup. I’m sure some of you disagree but to each his/her own.

Expect me back Tuesday morning, maybe a bit hungover but ready for action as usual. In the interim I have asked my three musketeers (i.e. Scott, Volar, and Fearless) to fill the void, assuming of course there’s something to talk about.

Before I run to the airport here’s a quick snapshot of my ES volume profile chart. We are now sitting smack in the middle of a deep volume hole – if we get above 1315 or so then I think we’ll accelerate toward 1345. However there is no volume at all above that mark – nada, niente, rien, gar nichts. So if you are holding longs or maybe are risking a few OTM calls then be out and about at 1345.

Here’s a quick reminder for my intrepid subs:
[amprotect=nonmember] More charts and cynical commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
[/amprotect] [amprotect=1,13,9,12,5]

Bonds continue to look weak – in particular the 30-year treasuries have my full attention. This is the best setup imaginable to be long – until of course we get stopped out near 141. If that happens I am going to short this sucker all the way. You don’t have to play this with a huge position and you may even go OTM put options on this sucker. Pyramid yourself if you are worried about setting a wide stop – this thing may try to throw you off before it really moves (remember cocoa). You can use the BPC for all the math – it makes it easy. Enough said and you have been briefed.

Alright, I’m outta here – see you next Tuesday! 😉
Cheers,