Daily Archives: August 8, 2026

Showing articles 1 - 7 (7 total)

09Jan3:59 pmEST

You See Helicopters Spinning?

A key part of any bullish commodities thesis is likely to hinge on the wildly-extended U.S. Dollar finally pulling back, given the inverse relationship there historically. The Dollar ETF weekly chart closed this week out with a "spinning top" candlestick. I will cover that topic and much more in my Weekend Video Strategy Session this weekend....

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09Jan3:29 pmEST

Glimmer of Shine in the Cold Winter

The main reason for my new JNUG long can be found on the GDXJ (the straight-up junior gold miner ETF) daily chart, below. Note how the juniors ran higher this week to the upper Bollinger Band, rendering it overbought in the short-term (yellow arrows). But it is the circumstance under which the miners react to that overbought condition which is...

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09Jan2:55 pmEST

Back in the Miners; Chess Moves

After selling NUGT SLW for wins earlier this week, I just went long JNUG, the triple-long junior gold miner ETF. JNUG is a volatile one, even more than NUGT, for example. Nonetheless, I am impressed with the bears' failure to take down the miners this week after a sharp prior run-up. I am positioning for a secondary leg higher in the precious...

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09Jan2:01 pmEST

Doubling Up on the Bearish Airline Thesis; Chess Moves

I went short UAL at $65.13 with a protective cover stop-loss above $68. This is roughly 4% of my trading portfolio capital, as I am pressing the bearish airlines bet alongside my current AAL short. On the daily chart, below, note UAL leaning down against well-defined trend support (light blue line). In addition to the long-term overhead supply...

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09Jan12:56 pmEST

Turbulence on the Takeoff

Even if this monthly chart for the airline index is the beginning of a new multi-year uptrend, in the coming weeks I expect overhead supply likely to be caused by the prior highs from 2002 (horizontal light blue line). I remain short AAL. But DAL UAL are also short candidates with stops above recent highs. HA LUV are also setting up as...

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09Jan11:55 amEST

Back in Natty; Chess Moves

I just went long UGAZ, the triple-long natural gas ETF, at $4.07 with a protective stop-loss below $3.80. The position amounts to roughly 4% of my trading portfolio capital. I have played UGAZ for quick-hitters over the past year or two, capturing sizable pops and religious cutting it those times I was wrong for contained losses. While many...

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09Jan11:09 amEST

Going Short Tesla Motors; Chess Moves

I went short TSLA at $206.55, with a protective cover-stop loss over $217. The position is 4% of my trading portfolio. My reasoning behind the trade is under the theory that this momentum darling is operating below a declining 200-day moving average and could easily have just put in a lower swing high before rolling back over. Cheaper oil could...

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