Update on My Positions and the Market

08Jan10:32 amEST

Locking in Part of the Google Short; Chess Moves

With GOOG red while the market is surging higher, again, I am electing to cover part of my GOOG short here at $497.50 to lock in partial gains. I entered the short up at $524.41 for my core position, and added to it at $516.46 (see this post ). I moved my stop-loss down to my core entry for the rest of my position. Google now looks to be...

07Jan5:06 pmEST

Stock Market Recap 01/07/15 {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...

07Jan3:45 pmEST

Looking for the Next Score

Into the bell, the small caps (seen on the updated 30-minute ETF chart, first below) are still wedging higher form our earlier analysis. The strength in the IBB, biotechnology sector ETF, is keeping me from trying index shorts for now, even on the Russell 2000. And gold miners are not closing so well today, seen on the GDX 30-minute chart,...

07Jan2:32 pmEST

Biding My Time After the Post-Minutes Ride

After the FOMC Minutes, the Dow is up nearly 200 points, with small caps slightly underperforming. As far as my open positions are concerned, I still see a decent consolidation day in the precious metals and miners (I am long NUGT SLW from lower prices). My equity shorts: AAL GOOG LOW V, are a mixed bag. LOW V are putting some heat on me, but...

07Jan1:40 pmEST

Jump for Chuy if This Stock is Bottoming

Amid lower oil and gas prices, plenty of restaurant stocks have been hot. CHUY has not been one of them, however. The most obvious commentary would be to immediately shun the stock as a loser and worthy of a short, based on this underperformance alone. After all, if the stock cannot rally when its peers are amid improved consumer confidence and...

07Jan12:19 pmEST

When the Stars Align with the Structure

Unlike the TWTR rumor yesterday with a broken chart, DKS is spiking up today out of a better chart on rumors it is going private. DKS is a long idea we have been looking for about a week now, discussed in recent videos. As long as it holds over $51 I view the move as a bullish breakout, assuming it continues to trade and does not go private....

07Jan11:19 amEST

Stairway Down

I present the 30-minute chart for the small cap ETF, IWM, illustrating the lower highs and lower highs for the Russell 2000 Index stocks dating back to New Year's Eve. The current bounce since yesterday looks to be a mere bear flag, but shorts need to keep an open mind that it may fail to resolve lower, much like the RSX (Russia ETF) failed...

07Jan10:38 amEST

About Those Sexy Rumors...

Just a reminder that for every sexy rumor we hear, such as about TWTR yesterday , most of them turn out to be duds practically designed for you to get hustled out of your knee-jerk call buying sprees. This morning, TWTR is seeing some selling at its declining 50-day moving average, with its CEO selling a chunk of shares. The stock remains in...

06Jan4:42 pmEST

Stock Market Recap 01/06/15 {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...

06Jan2:34 pmEST

Update on My Positions and the Market

With some profit cushion on my AAL GOOG LOW V shorts at the moment, I am standing pat with equity shorts. While I am tempted to keep adding to them, I can see the market staging a brief bounce before heading lower. So, I am staying patient and methodical. In addition, my NUGT SLW longs are picking up significant alpha in this market, thus far...