Another Few Laps at Adult Swim; Chess Moves

04Apr8:17 pmEST

Saturday Night at Market Chess Cinemas

Whereas Band of Brothers (2001) deservedly received much attention and praise for its ten-part portrayal on HBO of the real-life "Easy Company" paratroopers on the western front in World War II, The Pacific (2010) is decidedly underrated. The Pacific was HBO's follow-up to Band of Brothers, chronicling the Marines during America's battle...

04Apr3:05 pmEST

Chart Requests from Good Friday, Part II.

Yesterday on Stocktwits and Twitter I took chart requests for several hours, with the market closed for Good Friday. If you missed it, below are just a few of the charts I analyzed. Be sure to check out my social media feeds if you would like to see the full list of charts I covered. I hope you find them useful.

04Apr11:40 amEST

Chart Requests from Good Friday

Yesterday on Stocktwits and Twitter I took chart requests for several hours, with the market closed for Good Friday. If you missed it, below are just a few of the charts I analyzed. Be sure to check out my social media feeds if you would like to see the full list of charts I covered. I hope you find them useful.

03Apr11:39 amEST

Good Friday; Bad Reaction

With U.S. cash markets closed today, futures took a dive this morning with the jobs number missing expectations by a mile...or twenty . What is interesting is that we are seeing a "bad report, bad reaction" for the first time in a while, with the market not rallying on the "bad is good" idea, at least for now--I recognize we have a long way...

02Apr3:42 pmEST

Springing Into Action After a Dark Winter

I am reluctant to take on more commodity exposure into a long, three-day weekend, not to mention a jobs report tomorrow morning while the market is closed. However, it is interesting to see the soft commodities finally stage an impressive rally, all the while the U.S. Dollar continues to work off its steep run in recent months. Recall that the...

02Apr2:58 pmEST

LUV This Position Short Time; Chess Moves

I decided to add to my open LUV short here, at $42.94, from my initial entry yesterday at $43.44. My cover-stop remains above $45 on a closing basis. Southwest Airlines is showing more signs of being a bit sluggish after a breathtakingly steep multi-year uptrend. Regardless of how oil acts from here (a clear input for airlines), I am...

02Apr2:10 pmEST

On the Lookout for Sloppy Seconds

After selling the remainder of my X long earlier this week to lock in that win, steel stocks are back on watch for fresh long entries and could easily be setting up again into next week, Too often in the market, traders eschew stocks once they have traded them, opting to move on to new tickers. However, it is often fruitful to keep tabs on...

02Apr1:25 pmEST

Closing Out Two Modest Wins; Chess Moves

While not too dramatic, the short biotech trades I put on this week did the trick. Into the long weekend, I will flatten out and potentially look to hop back in next week, if the situation is correct. Thus, I sold the remainder of my BIS long (ultra-short biotech sector ETF) just above $35 from my $34.11 entry to lock in the rest of that...

02Apr12:39 pmEST

A Holy Chart Into a Holy Weekend

Headed into a long, three-day holiday weekend, I am still holding half of my BIS long, which is the ultra-short biotechnology sector ETF. This is obviously a bearish bet on the biotech sector. I took partial profits yesterday into the weak open, at $36.05 from my $34.11 entry (noted in real-time in this blog post ). At issue is whether I...

02Apr12:05 pmEST

Another Few Laps at Adult Swim; Chess Moves

I went long UGAZ at $2.42 with a protective stop-loss below $2.20. UGAZ is the triple-levered long ETF for natural gas, derived from UNG, the straight-up natty ETF. I have been fortunate to lock in some big wins in UGAZ this year, notably in February, despite the steep downtrend natty has been--As I have noted before some of the best rallies...