Daily Archives: April 4, 2024

Showing articles 1 - 4 (4 total)

28Nov8:36 pmEST

Stop Giving Away Your Power as a Person

“Remember that failure is an event, not a person.” -Zig Ziglar If you cannot take losses, and especially numerous small losses, then you cannot trade over the long-run. That is pretty much my philosophy when it comes to the market, as losses are inevitable in the same way that even the best baseball hitters are successful only 30% of the time....

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28Nov11:38 amEST

Two Competitive Plays for the Holiday Shopping Season

BONT NILE are two laggard retail plays  which could easily see more of a bid into Christmas. With Black Friday upon us, both stocks are acting well today. BONT is a beaten-down chart and trying to move up off the "right side" of a long, potential base bottom. And NILE is still potentially bull-flagging under well-defined $37 resistance. Keep an...

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28Nov10:19 amEST

Locking in Some Fast Gains; Chess Moves

With energy stocks immediately getting pounded after my ERY purchase on Wednesday (ERY is the triple-short ETF for the energy sector), I find myself up a large percentage move in a very brief period of time. As a result, and due to the XLE gapping free and clear below its daily chart Bollinger Band (below), thus rendering it quite oversold...

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28Nov12:22 amEST

Late Night Strategy for Friday

With crude oil getting drilled over Thanksgiving break, I expect my ERY long (triple-short the energy sector stocks) to do well on Friday. I may consider adding to the position, discussed in more detail in this blog post on Wednesday, if dip-buyers get stuffed on bounce attempts. As for bottom-fishing crude oil itself, there is no doubt...

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