Stock Market Recap 02/09/15 {Video}

11Feb1:52 pmEST

Energy Charts Shaping Up in Winter

That $81 level on the XLE, sector ETF for energy stocks, continues to assert itself. While is may seem quaint, you can see for yourself on the weekly chart, below, how critical that level has been for many years now, with the horizontal light blue line. And after breaking down below it during the recent swoon, buyers are having a difficult...

11Feb12:43 pmEST

The Berkshire Blizzard Likely to Take a Pause

Berkshire Hathaway, a top component in the XLF sector ETF for the financials, has hit its multi-year measured move, seen on the monthly chart, below. If you have been following my work for a while now, then you know that back in the summer 2010 I was a wild bull on Berkshire based on that highlighted symmetrical triangle on the monthly chart,...

11Feb11:40 amEST

Let Your Trades Do the Talking

Instead of succumbing to the emotional roller coaster that you often find in markets which oscillate wildly, namely the crude oil action of late, the better approach is to maintain as objective a mindset as possible, even being willing to trades both sides of the range. In recent sessions, I have day-traded both DWTI (triple-short crude ETF)...

11Feb10:43 amEST

Natty and I Versus the World; Chess Moves

My only position walking into today's session was a long UGAZ one, entered at $2.51. I had covered my bearish bets for either breakeven for small losses yesterday on social media in real-time, while the website was down. Currently, the market is still trying to solidify an upside breakout from our sideways, multi-month range. While that...

10Feb6:14 pmEST

Stock Market Recap 02/10/15 {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 video, and...

10Feb1:13 pmEST

Back in a Trading Vehicle; Chess Moves

In what will likely be a day-trade, I went long DWTI at $108.96, with a protective stop-loss below $105, in this triple-short bearish oil ETF. Keying off the USO ETF, below, the 30-minute chart shows how key the $19 level is as to whether my quick short trade will work today. UDPATE: Sold 1/4 of $DWTI long here at $110.50 from $108.96. Same...

10Feb11:58 amEST

Scaling Some More Natty; Chess Moves

To quickly update my last post, I sold another piece of my UGAZ long here at $2.83 from the $2.51 entry yesterday. My stop is still at my entry price. I now have roughly 1/3 of the position size on from the original. As for my other positions, the SRS long is working reasonably well as rates move higher in recent weeks. NKE is rallying up...

10Feb11:03 amEST

Trimming Some Fast Gains; Chess Moves

I sold half of my UGAZ long just now, at $2.75 from my $2.51 entry yesterday noted in this blog post . Natural gas staged a solid move higher overnight and into this morning, even as crude comes in a bit. So, I am going to lock in some immediate gains. I moved my protective stop-loss up to my entry price to protect the win. Elsewhere, small...

10Feb10:15 amEST

The Ideal Brain Tonic

After earnings this morning, Coca-Cola is gapping higher. Overall, powerhouse brand and defensive consumer staple is coming to terms with prior all-time highs from 1998. Give the one-way ascent off the 2009 lows, I expect risk/reward to the upside to be unattractive in the coming weeks, if not months. A move below $40 may very well trigger a...

09Feb4:43 pmEST

Stock Market Recap 02/09/15 {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 video, and...