Daily Archives: December 12, 2024

Showing articles 1 - 7 (7 total)

24Mar4:35 pmEST

Stock Market Recap 03/24/15 {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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24Mar3:28 pmEST

Simon Says Pay Attention to Me

It is worth noting that the REIT Simon Property Group, presented below on the daily timeframe, is not only the top holding in the IYR (commercial real estate sector ETF), but is also a top ten holding in the XLF (sector ETF for the financials).  Simon has been on a tear higher for years now, obviously helping IYR and XLF along the way.  It is,...

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24Mar2:33 pmEST

The Last Temptation of Rotation

With my X steel long acting well today, the issue of rotation down from biotechs and other extended, leading parts of the market down to select materials and commodities is still viable.  In addition to the resilience in the precious metals and miners in recent sessions, we know copper and the global materials miners are trying to pick up some...

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24Mar1:35 pmEST

Courting the Financials; Chess Moves

In addition to top XLF component Berkshire Hathaway flashing weakness today (seen below on daily chart threatening descending triangle breakdown), large banks such as BAC C JPM are also weak. In addition, the major credit card players are lagging the tape.  Thus, I am taking a shot on the short side against the sector as a whole. I went long...

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24Mar12:51 pmEST

Fighting the Good Fight

The small caps housed in the Russell 2000 Index are, once again, fighting the good fight and showing relative strength today. On the 30-minute chart for the small cap ETF, below, I am keying off the highlighted consolidated this afternoon to see if that remains the case.  One the other hand, financials are showing weakness today, with the XLF...

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24Mar11:55 amEST

View from the Bottom

It is truly impressive to see the extremely well-defined series of lows on the UNG, ETF for natural gas, seen below denoted by the light blue horizontal line stretching back several weeks.  Clearly, buyers have staked their claim to defending those $13.60-ish lows. But have thus far failed to hold much progress above, too.  Nonetheless, with...

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24Mar11:18 amEST

Finally Setting Sail

It looks as though the widely-watched upside breakout in TWTR is finally setting sail, gauging the first daily chart, below. Still, I am interested to see if the social stock can close today over the key $50 level, given how anticipated the breakout seems to have been. Also note the stock is poking it upper Bollinger Band already, indicative of...

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