Daily Archives: May 5, 2024

Showing articles 1 - 7 (7 total)

18Nov4:37 pmEST

Stock Market Recap 11/18/14 {Video}

Direct Vimeo Link Click Here

18Nov3:29 pmEST

You've Got a Winner in Town

Pursuant to the ongoing discussion here about the improved action and roadmap for the precious metals miners, the price action in the gold and silver mining complex was quite impressive indeed. I remain long NUGT. See you after the bell for my video market recap.  

18Nov2:46 pmEST

Burger King Grabbing More Than Its Fair Share

Burger King (BKW) has been a long idea I have reference over the past week or so. The King seems to be distinguishing itself from peers MCD YUM, certainly from a technical perspective. On the daily chart, below, note the sound technical basing pattern above all major moving averages. If the strength today is the beginning of a breakout, then a...

18Nov1:05 pmEST

Defeated By General Winter

As we zoom closer to winter, natural gas bears are still up against it with the recent strength in the commodity. I went long UGAZ, the triple-levered long natural gas ETF, yesterday at $15.28, amounting to 4% of my trading portfolio capital. I then sold  half of that position at $16.44 to lock in partial gains into a nice rip,  timestamped...

18Nov12:03 pmEST

The Long and Short of It

I mentioned LEN and a few other homebuilders as long setups of late. Lennar continues to bull flag up here with a $46.15 trigger to get another push higher. By the same token, while homebuilders have seen a resurgent bid of late the wildly-extended (longer-term) housing derivative retail plays, namely HD LOW, can be seen as short setups...

18Nov10:35 amEST

You Better Come to Play in This Sector

I am still focused on the precious metals and miners space from the long side, as sentiment had become wildly bearish off recent lows while price action has improved to confirmed positive divergences. In addition, we can see the junior gold miners, housed in the GDXJ ETF, outperforming the entire space once again this morning, which is...

18Nov12:26 amEST

Late Night Strategy for Tuesday

I posted several charts on Stocktwits on Monday night. Among them, BTU us a long idea on further strength, seen on the first daily chart, below. This is a heavily-shorted coal play that is trying to form a bottom. Above the 50-day moving average (dark blue line), I expect the squeeze to commence. And CAB is a short idea, with the retail stock...


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