Daily Archives: October 10, 2024

Showing articles 1 - 7 (7 total)

15Dec5:03 pmEST

Stock Market Recap 12/15/14 {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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15Dec3:50 pmEST

Moving Through the Commodity Complex; Chess Moves

After selling above $25 to scale partial gains, my ultra-long gold position, DGP, has come cratering down today. With a small loss now, I sold the final piece of the position at $23.90 from my $24.12 entry. The loss is quite small. And considering I got out with wins in NUGT early last week and the first piece of DGP, I am pleased to have...

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15Dec2:38 pmEST

Consumer Names Trashed at Your Discretion

In addition to consumer discretionary industries like the major casinos, LVS MGM WYNN, all getting trashed of late and sporting multi-user topping patterns confirmed, the major auto firms continue to deteriorate. After grinding, multi-week rallies, both Ford and GM are showing signs of rolling back over, all within the context of a broken...

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15Dec1:26 pmEST

One Eye on the Red Army

While Russia crashes, via the RSX country ETF down more than 10% today after a prior steep downtrend, energy stocks in the XLE are valiantly trying to hold green. Catching the falling knife in Russia is tempting, via a RUSL play, but we are not there yet. Ideally, a gap down tomorrow would set up a more viable long in this situation. But, for...

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15Dec12:01 pmEST

Let's Get Ready to Rumble This Afternoon

The close today on the Russell 2000 Index is going to be a critical one, perhaps are significant a daily close the Russell has had to contend with in quite some time. For a while now, that 1,150 area on the Russell has been providing support, converging with several key daily chart major moving averages. However, the small caps in the Russell...

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15Dec10:55 amEST

Bounces Getting the Swipe Left Treatment

A moderate gap higher in the market has been soundly faded, with the major averages flashing back to nearly flat as I write this. When crude oil, as well as Russia in the RSX ETF, not to mention names like GPRO, cannot even muster an oversold bounce worth a dime it is likely indicative of a changing market climate. Indeed, this may be one of...

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15Dec12:12 amEST

Late Night Strategy for Monday

Futures are pointing towards a bounce in the market. If that holds, SONC is a long idea on strength over $27.50. On the first daily chart, below, the fast food play has been in a potent uptrend for a while now, basing well above all major moving averages. But if the broad market bounce fails to hold and the selling resumes, then I still think...

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