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Wednesday Morning Briefing

Wednesday Morning Briefing

by The MoleFebruary 27, 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.

The E-Mini is still treading water but has managed to hold that 25-hour SMA. There’s a NLSL right below now at 1491 which should be good until the open.

The YM (Dow futures) meanwhile is being wedged between its 100-hour and its 25-hour SMAs. One side will arise as victor as both are on a collision course. You can run but you can’t hide (my favorite motto – hehe).

EUR/CAD attempting to breach its 100-hour SMA – great inflection point as there are no other obstacles in sight.
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The greenback seems to be losing a bit of momentum and I expect another test of that 100-hour SMA.

GBP/CHF – access denied at the 25-hour plus it’s fighting a double whammy NLBL combo.

GBP/CAD meanwhile showing signs of mojo – I’m long as long as that 25-hour holds.



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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