Daily Archives: April 4, 2024

Showing articles 1 - 7 (7 total)

04Dec4:47 pmEST

Stock Market Recap 12/04/14 {Video}

The following video contains coverage of relevant broad market issues (for equities) in addition to plenty of actionable trading ideas across other asset classes. Feel free to pick and choose which ideas and parts of the analysis fit your style. Always properly manage your downside portfolio risk for any trades taken. Enjoy tonight's...

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04Dec3:44 pmEST

Seeing the Short Side Line Up Well

I am seeing plenty of shorts setting up, including F GM, and of course major casinos like LVS MGM WYNN. In addition ERY remains at the top of my list. And TZA is on the radar to short the small caps. Simply put, I am still not seeing a good amount of actionable long ideas, beyond a few casual dining plays or mid-cap biotechs. I am flat here,...

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04Dec2:53 pmEST

GoPro Heading Underwater

One "tell" that momentum in a bull market is running low is when we see the recent-IPOs begin to lose their luster. Names like LOCO MBLY have been good example of this phenomenon of late, even if DGLY is rallying with headlines. GPRO is another example of a hot recent-IPO which has been soft even as the market made it way back to the highs in...

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04Dec1:31 pmEST

Someone Has to Win the Fight

Whenever you see a period of price consolidation, or compression, on a chart, it tends to indicate that some type of disagreement is taking place between buyers and sellers. As an example, we may see a series of lower highs, but also higher lows. And thus the disagreement. These disagreements can be of the quiet, mild variety, or they can be...

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04Dec12:23 pmEST

Good Lieutenants, Bad Lieutenants

There are plenty of good cops out there, and of course a few bad apples like there are in every profession. A good way to avoid dealing with the bad cops? Try not to break the law. Either way, DGLY is hot again today; the police camera maker. On the 30-minute chart, first below, keep an eye out for a move over $19.50 to see if the breakout...

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04Dec11:03 amEST

Aftershocks from the Haircut in Oil

A reentry into ERY (triple-short energy sector ETF), which worked well for me last week, is still at the top of my list this morning as far as potential new traders go. On the XLE, energy sector ETF, daily chart, below, note how the recent multi-day bounce off well-defined support is threatening a rollover today. I still suspect many aspiring...

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04Dec12:13 amEST

Late Night Strategy for Thursday

In addition to ACHN, let's keep BLUE on watch, seen on the first daily chart below, as one of the better-looking biotechnology technical setups for a long idea over $43. Both ACHN and BLUE have been basing nicely of late within the context of uptrends. And on the short side, I still have my eye on the XLE, energy sector ETF, especially if the...

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