Daily Archives: April 4, 2024

Showing articles 1 - 6 (6 total)

26Jan4:32 pmEST

Stock Market Recap 01/26/15 {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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26Jan2:48 pmEST

Back in a Classy Silver Play; Chess Moves

I just went long SLW at $23.36 with a stop-loss below $21.80. This position equates to roughly 4% of my trading portfolio capital. I am playing this premier silver miner to continue to upside. I had previously traded SLW as it tried to emerge from the highlighted inverse head and shoulders bottom, seen on the daily chart, below. Miners have,...

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26Jan1:38 pmEST

From Russia with Head Fakes

In light of S&P cutting Russia to "Junk," and the Russian Ruble plunging to six-week lows (read full text and see full story here ) the RSX, country ETF for Russia, is giving up its apparent upside breakout last week. I had been looking to swing short Russia via a long RUSS (triple-short Russia ETF) position, but elected not to hold it...

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26Jan12:31 pmEST

A High Noon Look at the Market

The market is slowing down a bit today, as we could easily see a pause in front of the FOMC Announcement later this week. On the 30-minute chart for the SPY, ETF of the S&P 500 Index, note the support trendline (light blue) is still broken from Friday, which has me still in my SDS long as a way of shorting the S&P. Until that is recaptured I...

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26Jan11:28 amEST

A Good Place to Look for Pyramids

That 20-day simple moving average (orange line, below) on the following GDXJ daily chart is a logical place to look to see if aggressive bulls will "pyramid" into their positions, or add into them. The GDXJ is the ETF for the junior gold miners, which are typically an excellent gauge of risk appetite in the precious metals and miners complex,...

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26Jan10:25 amEST

Reading the Morning Tape

The market fought back from its losses in the futures last night. But, as I write this, we are in the red as far as the major indices are concerned. However, beyond my SDS long (meaning I am long the ultra-short S&P 500 Index ETF), it remains a tough environment for macro bears unless and until biotechnology stocks give up the ghost. On the...

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