Monthly Archives: February 2015

Showing articles 11 - 20 (146 total)

26Feb2:49 pmEST

Digging in the Dirt; Chess Moves

I am digging in and getting my hands dirty here, going long FAZ, the triple-bearish ETF for the financial sector.  Specifically, I went long FAZ at $12.34 with a protective stop-loss below $12, playing for the financials in the XLF ETF to make a lower swing high. This position amounts to roughly 4% of my trading portfolio capital.  As we had...

26Feb2:15 pmEST

Not All It's Cracked Up to Be

Yesterday's upside reversal in crude was sharp enough to see me sell my ERY (triple-short energy sector ETF) for about a 1% loss.  However, the reversal did not follow-through and was not all it was cracked up to be. Crude is back to sloppy trading from a swing perspective today, as UWTI, the triple-long ETF, is down more than 12% as I write...

26Feb12:56 pmEST

A Close-Up Look at Apple

On a shorter-term timeframe, seen on the 10-minute chart below, AAPL is worth watching to see if that $130.30 area now acts as resistance after previous holding as support yesterday.  Of course, known your timeframe as a trader is so critical to this type of analysis. Longer-term holders can ignore that levels. But active traders should pay...

26Feb11:45 amEST

Dawn of a New Regime

While Treasuries have bounced back a bit to an important level (the underside of the 50-day moving average on the TLT ETF, for example), rate-sensitive sectors within equities continue to show more signs of changing character from bullish to at least corrective.  On the XLU daily chart, ETF for utilities, note the latest steep uptrend has been...

26Feb11:06 amEST

Leave Off the Last Z for Savings; Chess Moves

I hope you can see why I am so careful in playing the levered ETFs like UGAZ, judging the action this morning after the inventory report. UNG could not hold the $14.90 initial upside breakout level earlier this week, and now UGAZ is getting pounded as the triple-long natural gas ETF after the inventory report this morning, down more than 13% as...

26Feb10:22 amEST

Sizing Up a Squeeze

The 3D printing plays have been good examples of the risks associated with momentum even in the most ferocious of bull markets. Indeed, momentum cuts both ways. And the major averages hitting one new all-time high after the next has been little consolation for longs in the likes of DDD PRLB SSYS VJET XONE over the past year or so.  Nonetheless,...

25Feb4:33 pmEST

Stock Market Recap 02/25/15 {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...

25Feb3:38 pmEST

Final Round in a Heavyweight Fight

For all of the trials and tribulations, gaps to either direction, volatility, calls for crashes, head-fakes and false breakdowns, the junior gold miners have been moving overall sideways since last October.  The issue is whether they are near the end of a "right shoulder" for a major inverse head and shoulders bottom, highlighted below on the...

25Feb2:56 pmEST

Driving Down the Road to Perdition; Chess Moves

I went long SQQQ at $25.27 with a tight stop-loss below $25 for a potential day-trade, shorting the Q's on the AAPL weakness. SQQQ is a ultra-bearish levered ETF derived from the Nasdaq-100.  I may very well turn this into a swing trade, though, depending how the final hour plays out today. So stay tuned. This position amounts to roughly 4% of...

25Feb2:13 pmEST

Still Climbing the Snow

The market is still grinding higher this afternoon, even with AAPL finally seeing a touch of profit-taking and down roughly 1.7% as I write this. PCLN is more than picking up the slack, though, following-through after its earnings gap higher. PCYC and many biotechs are doing their usual reversal higher, though the XBI downside reversal...

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