Monthly Archives: January 2015

Showing articles 21 - 30 (153 total)

28Jan12:05 pmEST

Checks and Balances

If the Fed is going to remain dovish in terms of projected rate hikes, then to my eye the main entity which is capable of "checking" it would be the bond market. True, gold prices rising could add some pressure. But, for the most part, as long as rates stay historically low it is hard to see the Fed feeling inflationary pressures, with...

28Jan10:50 amEST

Analysis Before the Big Game Later Today

In front of the FOMC later today, the market is modestly fading an opening pop. The small caps in the Russell 2000 Index were the first to flip red, and other indices followed suit not too long after. Precious metals and miners are largely consolidating recent gains in a fairly benign manner, while natural gas and crude still struggle to...

28Jan9:52 amEST

No Dice on Oil; Chess Moves

I stopped myself out of my long UWTI play at $2.61 this morning for a loss, from the $2.78 entry I discussed yesterday . As it turns out, the inverse head and shoulders (or "Sheikh") pattern was a fake-out, leading to a fast move lower. This sort of thing can, of course, happen. But I still believe the trade was worth the risk in the event...

27Jan4:40 pmEST

Stock Market Recap 01/27/15 {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...

27Jan3:25 pmEST

Fruit of the Looming Earnings Report

With AAPL (and YHOO) reporting earnings tonight after the bell, we have some high stakes in play. The AAPL daily stopped short of clearing the prior $115 level above I had discussed as being critical to overtake in order for bulls to commence a fresh leg higher out of the highlighted falling channel consolidation in what has been an otherwise...

27Jan2:41 pmEST

Taking a Shot at Some Relief; Chess Moves

Consistent with my last blog post, I went long UWTI , the triple-long ETF for crude oil, at $2.78 with a protective stop-loss below $2.60. The U.S. Dollar is selling some profit-taking today, and that typically should bode well for at least some type of relief for the struggling crude. As I have stated before, these levered ETFs are to be taken...

27Jan2:25 pmEST

I've Identified the Rare "Head and Sheikh" Setup in Oil

If the U.S. Dollar can finally come in for more than a few minutes this week, I would expect crude oil to then finally be capable of staging some type of relief rally for longer than the time it takes to fill up a tank of cheap gas. On the 30-minute chart for the USO, ETF for crude oil, we have our inverse head and shoulders, or Sheikh, setup....

27Jan12:49 pmEST

Stillness in a Winter Storm

With the U.S. Dollar finally coming in a bit today, gold and silver are consolidating recent gains quite orderly and in am impressive manner. On the below 30-minute timeframes of GLD and SLV, ETFs for gold and silver, respectively,  note the benign sideways action in recent session as the precious metals miners took the baton and ran with the...

27Jan11:26 amEST

The Next Battle Setting Up

The top two components in the SMH, ETF for the semiconductors, are INTC and TSM. TSM has been holding up remarkably well, but INTC, seen on the first daily chart, below, is busting down through a well-defined support level (lower light blue line). If I start to see TSM crack a bit, SOXS is on my radar as a long idea. SOXS is the triple-short...

27Jan10:26 amEST

A is for Alpha, That's Good Enough for Me

Thus far in 2015, tactically going long the precious metals and miners while shorting select equities has proved quite fruitful for me, allowing me to sidestep drawdowns while capturing plenty of "alpha" along the way. And that remains the case this morning, with my SDS SLW longs benefitting from the character change I suspect the market is...

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