Overnight on YM the weekly pivot 14401 has become support, and off the open, price appears to just be falling up. Up next is probably weekly pivot to weekly r1 14534.

(updated) Looks like upward consolidation today. Little bounces off the daily pp are working ES, NQ. Seems like kind of a rest day, however at 11:06 it’s still early to tell.

Going forward I think a pull back to 14400 area is possible, and is probably support.  Unless this is a 4 day head and shoulders (down) right shoulder = 14470 (I don’t really think so). Right shoulders are usually fast. It could break below 14001, from here, with enough… velocity.

Right now I’m just out to bank Gorilla bucks. I caught the literal bottom of the market yesterday. Now they know the crew is the realest.

Word.

http://youtu.be/asH4fb73Zns

Some tunes while we wait for the exciting conclusion. I got lucky. Now to indulge in my love for black coffee.

*

What I’m thinking though is, are people chasing a fleeting opportunity now? Is this all really obvious, as buyers now sashay into the long into the face of a pull back in historic territory. I don’t know if it is a mechanism of the market to pull back here or not, I can’t comment. I was all ready to employ crazy ninja strategies, as I was being forced to adapt to the bullishness. I know it doesn’t help a investor to read this, but its easier for me to make big profits when it’s volatile. The gains make up for the losses a lot more. Trading has to decrease though, because technically odds of winning are lower now. Trading how I was trading before would be like going on tilt in poker. Be cognizant.

I fired my Deagle off here, at the weekly s1 on YM, trying to skim off the top off it’s head. Always use a stop order in futures. Be cognizant of the risk. Know it deeply. It won’t matter if I lose here by the way. Otherwise might try a long at lower support in the SnP.

I’m ready to sell rips, and I did infact short the Nasdaq futs earlier this morning breaking the weekly pivot point. I need to be in step, in tune, and not doing things at exactly the wrong time. That sounds less stupid than you think.

Trade your plan. You the man.

Keeping this short. Stay frosty.

We might see resistance overnight at weekly r1, but everything seems set to rip higher. ES up 0.47%. Maybe weekly r3? The markets have very subtly reverted back to moving in uniform fashion, which is a sign of unhealthiness. The market looks like it’s going to orgasm, then crash.

In comparing last weeks pivots with this weeks, I noticed this week’s YM was eerily close to last weeks, and NQ and ES are just slightly higher. Pivots are saying that not much happened last week. It was a “pause”.

I don’t feel like I’m getting much of a read from the news. The IMF is just cruising around on chariots, throwing spears at common people. It’s all a big setup, so I can decapitate some short sellers, like a football player with a chainsaw. But I was going to do that anyways. I’ve never really had much luck trading the news.

I have been informed by secret sources that the last 4 days of March have been down 7 out of the last 11 years. Yearly r2 is 1556, if ES blows away from here it would be better. It could become resistance again, if S&P slips under again. Watch the volume, dawg.

Gotta stay frosty because we’re playing with pinless hand grenades now, and the music apparently could stop at any moment.

Good luck, all.

*

NQ

YM

ES

The festivities start soon, and I’m ready to put this all down for the weekend. Just wanted to share a few charts showing this weeks action.

Most notable to me is March 19 S&P makes low weekly s2, bounces over 20 points. March 20 Nasdaq makes high weekly r1, sells off over 40 points. March 21 DOW makes low weekly s1, rallies over 100 points.

All classic pivots, calculated prior to the weeks open. Thick lines are weekly. Thin lines are globex dailies. Green s2, red s1, beige pp, purple r1, blue r2.

I think the Weeklies will continue to be of use. Note: selling over-bot works again. Trade accordingly.

Volatility is expanding  and markets are still bullish. When the churn breaks it’s gonna be time for a slow motion slam dunk. Michael Jordan.

Happy weekend all.

Today I just banked Weekly Pivot point 1551 (got 1550.25) to near weekly S1 1543 (got 1544.50). Bravery paid off. I actually shorted something. Been having a shit piss fuck hard time doing that for some reason. That’s because the low hanging fruit actually has knives in it, and that doesn’t make me feel safe at all.

Updated: deleted the second paragraph.

Past couple of days my buy buttons been a little sticky. I don’t know how many points ES went yesterday, before I could take my stab at the final run. And now today. I’m afraid.

Ok I admit it, I feel nervous. My body feels cold, and I feel just generally worried.

Away with the tone of last week. I want to show some respect to you brave souls, out there, losing money on longs and shit. I just pointed my flashlight in a strangers eye, kicked him in the balls and stole his purse. At least I’m grateful.

I’m really just trying to be reserved here. We can all see the market dropping.

I had a topic… oh yes. Which perspective is right? The perspective of where you will be, if you follow your plan. Bathing in a pool of gold coins, while being hand fed the finest grapes, by a couple of Greek “Goddesses” (extra Sheen). But I care about you, and your health. It might be time to say No to the Platinum Platter.

Weekly Pivot numbers for this week:

         Classic   Woody   Camarilla  DeMark

 ES

R4	1,605.75	1,597.75	1,563.50
R3	1,587.50	1,579.50	1,558.50
R2	1,569.25	1,569.25	1,556.75
R1	1,561.25	1,561.25	1,555.25	1,565.25
PP	1,551.00	1,551.00	1,551.00	1,553.00
S1	1,543.00	1,543.00	1,551.75	1,547.00
S2	1,532.75	1,532.75	1,550.25
S3	1,514.50	1,524.75	1,548.50
S4	1,496.25	1,506.50	1,543.50

YM

R4	14,966	14,887	14,537
R3	14,778	14,699	14,485
R2	14,590	14,590	14,468
R1	14,511	14,511	14,450	14,551
PP	14,402	14,402	14,402	14,421
S1	14,323	14,323	14,416	14,363
S2	14,214	14,214	14,399
S3	14,026	14,135	14,381
S4	13,838	13,947	14,330

NQ

R4	2,870.25	2,855.75	2,804.50
R3	2,844.75	2,830.25	2,797.50
R2	2,819.25	2,819.25	2,795.25
R1	2,804.75	2,804.75	2,792.75	2,799.25
PP	2,793.75	2,793.75	2,793.75	2,791.00
S1	2,779.25	2,779.25	2,788.25	2,773.75
S2	2,768.25	2,768.25	2,785.75
S3	2,742.75	2,753.75	2,783.50
S4	2,717.25	2,728.25	2,776.50

I don’t sleep with an alarm clock. Waking up at 1 am, I was sure it was morning. I might be getting kind of intense with this Samurai shit, going for runs at 5 AM. But what can I say… I’m READY.

1534.25 is daily S3, and is confluence with Weekly S2 32.75. I’m looking for a possible buy signal there, or perhaps deterioration down to the 1425.5 gap from March 3rd. Remember those gaps?

Market opens in few minutes. In the first 30 minutes, I always find the first 3 to reveal the most information.

Keeping it simple, watch that number, will be back later.

http://youtu.be/G_uAF4o2KuI

Before I begin to prepare tonight’s feast, it’s time to kick my mind back into the right track of thought. When the spring time wind comes through on Monday, it will blow away the remainder of the dead leaves, making room for new growth. In the flurry of leaves, and wind, will also be me, clutching two freshly sharpened Katanas. My body will levitate two inches from the ground, so you will never hear me strike. Except what I share with you, on this here blog.

I was speaking to my Grandfather today. He used to also gamble the markets, except he is 91 years old. They used chalk boards back then. He would buy mostly oil stocks, because we live in Calgary. We were playing some crib and I kept getting 12,14,16 pointers (sound familiar?). I sort of wanted him to win, but at the same time the cards wouldn’t let me throw it. While we played the snow stopped, and the sun came out so I could open the window. He has almost fully recovered from his surgery 5 days ago; got a pace maker installed. I sort of  just thought his heart beats slow cause’ he’s thuggin’ like that.

Grandpa noodle told me to not be too heavy in the markets, so I could sell if it went down. This seems reasonable.

Hmm. looking at -1% right now S&P…

Fuck man. This week is over. It’s over over over over over. I just spent like half a hour, knowing that I should of sold, but not doing it because of some demonic obsession over the number 1558. I only gave back 3 points. I bot the morning, but it started to go against me, so I was taken out automatically. And with as much bravado as I wanted to display, I STILL PUSSIED OUT, and bot a smaller size on the second time, catching the low within 3 motherfucking ticks. Yuh! But still, I’m looking at a day that could of been much better.

Poured some OJ (premium fresh squeezed 100% organic) and Vodka (100% organic, as well), and I don’t care anymore. I’ll probably have three b4 dinner. I can actually feel the alcohol enter my blood, as I haven’t eaten lunch yet. This is not healthy living I know, but I’m only doing this today.

I mean’t to say something but my thought process was so rudely interrupted by thoughts of a totally distracting nature. Also look at the volume. Whats gonna happen homie? Are we rallying. Dude. Read the first paragraph.

So Cheers. We have to celebrate this week. If you don’t celebrate this god damned week, you are a stick in the mud. I don’t fucking care what you say.

I’m out. Best to all of you.

Yo. I just arrived home from the Gym. Did mostly arms, then swam some laps, steamed for a while and came home. Not much has changed. Oh thank goodness.

This is actually getting kind of ridiculous. There is mad complacency and not really any fear. Just whatever support it is on, buy it apparently. Buy the zone. Buy the zone. Buy the Zone. Don’t have a panic attack.

I think I gave my number to 3 girls yesterday. It was like I was on speed, and I  had a long list of things to do which I pretty much got everything done. Now there is nothing to do, which is perfect. Killed the excessive inner dialogue, which was annoying and not helping anyways.

Some ideas that I like, which are happening: CCL seems to be a smart play. USDJPY to 100 then to roll 104 (but not 105). Still a couple good trades in that, but getting kind of extended. USDCAD to go back to par, cause’ that’s what it does. I think the MJNA’s and HEMP’s of the world will surprise all of you, and go up more than you thought. I want to become a hemp farmer. Only 1/3 kidding.

I haven’t watched oil or gold for a while. I haven’t had much interest. There can be amazing moves in both of those futures contracts, but they can also be few and far between. I don’t like losing a pile of money just to make it back. IT DOESN’T AMUSE ME ANYMORE.

I trade off 2 monitors, showing 2 charts of the 3 index’s I like to trade. I have a basket of tickers, containing the contents of each index. And a miscellaneous quotes page, where I put other ideas, which I probably won’t touch. Then another one, for secret purposes.

The DOW has been out performing. It will on days like today, until something changes. If I’m not being naive then The Dow Jones actually owns owns the government then eh. So what does that say… Are people worried about the safety and integrity of the rally, and that is why they are gravitating towards DOW stocks? Is it because there are simply less stocks in it? I do not know.

I’m done typing now, as I now require steak, with primal tenacity. I hope when the pullback does come, with great surprise to market participants, that you are well prepared.

Every man should have a suitcase packed, and be ready to leave at a moments notice.

http://youtu.be/m2sNh0CHDTM