Monthly Archives: December 2014

Showing articles 31 - 40 (153 total)

23Dec2:44 pmEST

Aligning for a Snapback Rally

Crude oil, energy stocks, and Russian stocks are all still in bounce-back mode off their recent swoons lower, with some of them acting better than others. As I write this, energy stocks housed in the XLE sector ETF are making fresh session highs, while crude oil (seen on the ETF's 30-minute timeframe, first below) is also strong. Russia,...

23Dec12:48 pmEST

Adding to an Open Position; Chess Moves

I added to my existing TBT long just now, at $47.38, after the core $46.46 entry noted in this blog post . My protective stop-loss is still below $45, in the event the trade turns against me. This position now represents roughly 6% of my trading portfolio capital. TBT is the ultra-short ETF for Treasuries. In essence, I am betting against...

23Dec11:34 amEST

Santa is Taking Creatine This Christmas

GNC has made a series of higher lows, seen the first daily chart below, since the summer months. This comes after a steep downtrend beginning in November 2013. Prior highs are above $60, which means it is anyone's guess as to whether the stock will unleash a new bull run. However, the progress is to be noted, on top of today's impressive...

23Dec10:42 amEST

The Holiday Stretch

While the Nasdaq is red this morning, the other major averages are green as many individual issues are stretching higher yet into the holidays. The market will close early for Christmas Eve tomorrow, followed by a day off on Thursday for Christmas Day. Issues such as MRGE RRGB TXRH ZAYO ZEN are still reasonable long setups into further...

22Dec5:18 pmEST

Stock Market Recap 12/22/14 {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...

22Dec3:40 pmEST

70 Wonder Years

The great musician Joe Cocker died at 70 years old. He had a distinct voice, and also was featured in the theme song to the hit TV show, "The Wonder Years." Back in a few moments for my video market recap.

22Dec2:49 pmEST

Hacking Into These Two Charts with Precision

BlackBerry has been a popular ticker for short-term traders for a while now. And updating the daily chart, first below, we can see that Friday's weakness apparently was a failed move lower. We know that from failed moves in the market often come aggressive moves in the opposite direction. Thus far, we are seeing just that in BBRY, with today's...

22Dec1:34 pmEST

Looking to Be an International Harvester of Gains

CORN and WEAT still look to be acting best of all soft commodities. I remain long CORN and would consider adding to it over $27.65. The 30-minute chart of the CORN fund, below, shows a nice consolidating after the breakout  two weeks ago. WEAT may very well be bull-flagging here, as well. If there is no upside follow-through, then I may harvest...

22Dec12:54 pmEST

A Simple Job Down in Cuba

CUBA has been a good day-trading stock over the past few sessions. We profiled the 20-period moving average on the 5-minute chart last week after the initial political news about Cuba was released. Since then, the stock has continued on higher. Updating the 10-minute chart below, I still think you can use the 20-period moving average as a rough...

22Dec11:50 amEST

Trading Vehicles Only or You Can Kiss Your Money Goodbye

The price action in natural gas of late is a good reminder that highly-levered ETFs such s UGAZ (triple-long natty) are designed to be trading vehicles only, rather than buy-and-hold for a retirement account. In addition to the leverage, the ETFs suffer "decay" with the way they are structured. I was fortunate to sell UGAZ right at its...

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