Daily Archives: December 12, 2024

Showing articles 1 - 7 (7 total)

10Dec5:24 pmEST

Stock Market Recap 12/10/14 {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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10Dec3:12 pmEST

Making More Chess Moves

I closed out the rest of my NUGT long at $13.20, from my $13.09 entry, to avoid turning a winner into a loser. Yesterday, I took off part of the nice win in this blog post . As usual, precious metals and miners are tough to trade, which is why I am so fastidious about staying disciplined with them. I also went long BIS, the ultra-short...

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10Dec2:04 pmEST

Adding to a Winner; Chess Moves

I added more to my UNP short position, marking it up to a 6% portfolio position now. I added to the short, just now, at  $113.72 after my original entry at $118.73 in this blog post . Rails continue to get hit. And the UNP hourly chart, below, is flashing signs of breaking down below a bear pennant pattern (highlighted). I am keeping my...

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10Dec1:12 pmEST

Swimming with Sharks; Chess Moves

Natural gas has been a tough one to trade for a while now. But I am fortunate to have taken down some big winners in the UGAZ, triple-long natural gas ETF, in many instances over the past year or two due to disciplined trading, technicals, and strict stop-loss adherence. With this in mind, I went long UGAZ at $9.04 with a protective stop-loss...

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10Dec12:31 pmEST

Steve Wynn Wrapped in Red for the Holidays

WYNN and the major casinos have been perennial short setups I have charted for a while now, though I am still surprised by how violent the move lower has been. On the first daily chart, below, note that WYNN has staged, for all intents and purposes, a mini-crash. The stock is too oversold to short, but not my kind of a long either, and risk...

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10Dec10:59 amEST

What're You Doing with That Lawnmower Blade?

It looks more and more like gold bugs aim to kill the potent bear which has been in effect for several years now, as the precious metals and miners are difficult to trust in terms of sustaining rallies. Nonetheless, I still maintain the complex is likely to be bottoming here, with gold bears unable to follow-through lower on recent sell-offs....

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10Dec12:20 amEST

Late Night Strategy for Wednesday

If the broad market follows-through higher or acts constructively after Tuesday's upside reversal, then MIDD UTHR are two actionable long trading ideas on further strength. On their respective daily charts, below, note the orderly price consolidations within the context of overall uptrends. Another push towards recent highs makes the threat...

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