Make no mistake, the real loser of the 2016 U.S. presidential election was not Hillary Clinton. No, it was nearly the entire Western mainstream media which up to final moment last night clung to a political fairytale it tried so very hard to convince its readers over the past two years. No matter whether you are a Hillary or a Trump supporter and no matter how you feel about the 45th president of the the United States himself, this is something that should deeply upset and worry you long after your current euphoria or depression has subsided and given way to your daily routine. (more…)
On Monday morning, sensing that a multi pronged strategy was needed, I presented you with four distinct scenarios which I separated into convenient color codes according to their respective trading directions. After a brief spike up we were treated to Soylent Orange which quickly and somewhat unexpectedly turned into Soylent Red late last night. To repeat, what we were waiting for was a quick drop below the green diagonal, followed by a retest of ES 2140. (more…)
If you’ve been dropping by the lair for more than a few weeks then you probably know that I’ve been a huge Metallica fan since the mid 1980s when they released Master Of Puppets. So the other day I’m at the gym listening to some testosterone inducing station on Spotify. And out of the blue ‘Moth Into Flame’ pops up, which confused the heck out of me as I had been completely unaware that Metallica was releasing a new album. I thought to myself ‘wait a minute, this sounds like some of their old stuff but somehow I must have missed this one‘. You can imagine my joy when I later realized what was actually going on.
In my recent momo update I was quite adamant about the increasing odds of a major market correction. Since then we’ve seen a further increase in spasmodic intra-day gyrations across the board, fueled by a mix of low participation bot trading, heightened emotions and a constant stream of contradicting market rumors (e.g. Deutsche Bank). The trading lair has been in defcon 3 mode for a while now which clearly affects our daily trading activities. (more…)
Howdy Slopers – Mole here from Evil Speculator. Equities have been steadily heading higher overnight and my ES long campaign just touched its trailing stop at 2.67R, thus converting paper profits into more ill-gotten market gains. Having filled my coffers rather nicely this week I decided to skip hunting setups today and instead focus my time on a much overdue momo update. (more…)
Apparently I am losing out on ill-gotten gains due to not hanging loose enough. As the venerable deacon of market domination congregating my own esteemed flock of trading disciples I have been preaching the gospel of prosperity during days of darkness. And I quote:
Mole 2016-6: Double your stop and half your exposure.
Over the past few months a potent emotional cocktail of fear and confusion has been seeping into the consciousness of market participants. It’s not just that equities are steadily heading lower whilst producing more and more bearish context above to be overcome sometime in the future. What’s worse is that there appear to be very few places remaining to sit out the storm. The exception of course being the two usual suspects – bonds and gold. (more…)