Daily Archives: October 10, 2021

Showing articles 1 - 7 (7 total)

08Dec5:08 pmEST

Stock Market Recap 12/08/14 {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...

08Dec3:58 pmEST

Going Long the Miners; Chess Moves

In addition to going long the yellow metal itself, which I discussed in my last blog post here , I am now long the gold miners. I placed 4% of my trading portfolio capital into a long NUGT position. NUGT is the triple-long senior gold miner ETF. Gold miners reversed higher this afternoon, following gold itself higher. And I am playing for...

08Dec2:10 pmEST

Kiss That Frog; Chess Moves

I just placed 4% of my trading portfolio capital into long DGP position, which is the ultra-long gold ETF. The yellow precious metal is still routinely mocked, as are gold bugs. But recent lows appear to be holding, and gold is outperforming the entire precious metals and miners complex. I entered the trade at $24.13 with a stop-loss below $22...

08Dec1:28 pmEST

Signs of Sweet Blood

For the time in several years, Tesla Motors is breaking and, apparently holding, below its 50-period weekly moving average, seen below. Tesla Motors is clearly a marquee, liquid leader in the tape. And this follow-through lower continues to be a concern, despite the strength in biotechs and financials. On a standalone basis, the breakdown in...

08Dec12:01 pmEST

Eating Habits Are a-Changin

After a powerful decade-long rally off the 2003 lows, McDonalds is still showing signs of succumbing to changing consumers' desires as well as a letdown from new management. On the monthly chart, below, I would view another move under $92 as likely setting in motion a breakdown from an extended topping process. Also note how similar MCD looks...

08Dec10:20 amEST

Biotech Tidal Waves on the Stormy Sea

The wildcard for a the broad market to levitate into year-end continues to be if we see biotechnology sector stage a melt-up higher. This morning, we are seeing just that, with the IBB sector ETF up nearly 2% even as other damage is seen in the market. There is no telling how long a "blow-off" can last, so it is usually best to nimbly play...

08Dec12:29 amEST

Late Night Strategy for Monday

With the relative and absolute strength in many fast food and casual dining plays of late, keep an eye on The Middleby Corporation as a long idea. MIDD makes the innovative ovens for the casual and fast food firms so that you can enjoy their wholesome and nutritious dishes as economically feasibly as possible. I view a move over $98 as...

 
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