Stock Market Recap 01/14/15 {Video}

16Jan11:56 amEST

An Aerial View of the Market

We have a modest bounce going in the indices this morning. After scaling a big win in NUGT earlier, I have a mixed bag with my shorts. AAL UAL V are performing well for me, while the biotech resilience is pressuring my BIS (ultra-short biotech sector) long. LOW is also being stubborn up here, too. Depending on whether the bounce gains steam...

16Jan10:23 amEST

I Win My Battles Papa Smurf-Style; Chess Moves

After a big win in the little (junior gold miner 3x long ETF) JNUG early this week, I just sold half of my "Papa Smurf" senior gold miner ETF, long NUGT, at $18.96 from the $16.88 entry I noted yesterday in real-time in this blog post . I moved my stop-loss up to my entry price--Still "scaling and trailing" those winning positions to manage...

15Jan5:35 pmEST

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

15Jan3:10 pmEST

I Think I Can Short Ford; Chess Moves

I went short Ford here at $14.91, with a cover-stop above $15.80. I am playing for breakdown on all timeframes. With retail sales slumping, and big ticket-related items like homebuilders getting hit hard, too, I think going after the large auto-maker makes sense. In addition, the technicals are there to take a shot on the short side. Ford has...

15Jan1:53 pmEST

A Battle Worth Fighting; Chess Moves

I went long BIS at $43.85 with a stop-loss below $41.50. BIS is the ultra-short biotechnology sector, which means I am now shorting biotech as a group. Some of the biggest components in the ETF are: AMGN BIIB CELG GILD, among others. Biotech has been a hot and crowded long trade for a while. Shorting the space has been particularly ominous...

15Jan1:10 pmEST

Scale and Trail, Scale and Trail; Chess Moves

I covered a piece of my FB short here at $74.32 from the $76.22 entry noted in this blog post yesterday to lock in gains. I am trailing stop down to entry on rest of the position. It was roughly 4% of my portfolio, and now is a little over 2% of my trading portfolio capital. The FB daily chart, seen below, shows price now hitting the lower...

15Jan11:55 amEST

About That Ubiquitous Bullish Homebuilder Thesis...

The sexy 2015 homebuilder bull thesis gained popularity early on this year. But I was never too keen on it. In several prior videos, I noted how the homebuilders themselves were suspect about holding breakouts. Furthermore, the housing derivative plays, such as retail giants HD LOW SHW, were long in the tooth after brilliant multi-year bull...

15Jan11:31 amEST

Playing the Miners with Papa Smurf; Chess Moves

As opposed to my JNUG (triple-long ETF for the little junior gold miners) trade earlier this week, which I was fortunate to sell near the highs (thus far), I am upgrading in terms of size to Papa Smurf, or NUGT, which is the triple-long ETF for the senior gold miners. Specifically, I went long NUGT at $16.88 with a stop-loss below $16. This...

15Jan10:49 amEST

These Are Funky Steps to Take Higher

If the precious metals and miners are indeed bottoming, then by definition they will have to keep plodding higher--taking the stairs up, if you will--each time it seems as though they are ripe to roll back over again. In order for me to get back into the likes of JNUG NUGT as levered long gold miner ETFs, for example, I want to continue to...

14Jan5:23 pmEST

Stock Market Recap 01/14/15 {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...