Wednesday 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.
Equities still all over the place – I refuse to have an opinion here and simply stick with my price triggers. Done! The TF futures are somewhat in limbo but I would be short below the 100-hour and long if that NLBL can be conquered.
The NQ looking similar and as you can see (as on the TF) we are starting to see a pretty pronounced 100-hour BB compression. All that sideways crap has its price in the end. I think we’re going to see a big move here and that soon.
More below for my intrepid subs – slip on your secret decoder rings and join me in the lair:
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Public Service Announcement:
If you are having problems running the latest version of ThinkOrSwim on OS X then you are not alone. Here’s what their latest release does to my 2.7GHz/16GB top of the line MBP:
It’s basically unusable unless you limit yourself to about five charts or less. I tried to run the Zero indicator and my entire system started acting like a Bitcoin slave. Well done, thinkorswim! You are now a top contender for the coveted 2014 Evil Speculator Polished Turd award:
FYI – I used to code Java for about 15 years and the exception warnings I have seen (on both Windows and OS X) strongly suggest that their QA department needs to be revamped. This would have never happened while Tom Sosnoff still ran the place. Better get this fixed guys or I’ll make it official.