Monthly Archives: April 2015

Showing articles 131 - 139 (139 total)

02Apr11:05 amEST

Quick Morning Update

Let's return to that SPY chart we have been updating, the zoomed-out hourly timeframe below.  Note that bulls lost $207 Tuesday and Wednesday a level we thought they needed to defend, short-term. Nonetheless, price bounced off the major support trendline, horizontal light blue, dating back well over a month.  I am watching that $207 are above...

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01Apr4:34 pmEST

Stock Market Recap 04/01/15 {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...

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01Apr3:41 pmEST

Chess Move Into the Bell

I sold the DWTI day-trade long here at $115.25 from earlier $112.38 entry. I will not swing short crude oil here overnight, but rather look to hop back in only if there is any downside traction tomorrow.  Overall, partial profits in GILD IBB NUGT made for good trading, as I sold my equity long JUNO X yesterday and locked in those wins.  See you...

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01Apr2:38 pmEST

A Quick Southwest Flight Heading South; Chess Moves

I just went short LUV, Southwest Airlines, at $43.44 with a protective cover-stop above $45 on a closing basis.  LUV has enjoyed a magnificent multi-year uptrend, unaffected by its steepness. But as the daily chart, below, indicates, the stock has gone sideways since late-January. Ultimately, for my short to work the stock likely needs to lose...

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01Apr1:47 pmEST

More Intraday Action; Chess Moves

I just sold another piece of my long NUGT here at $10.81 from earlier $10.31 entry, in order to scale some fast intraday gains since my purchase earlier. I am now down to 1/2 size of original position, still with a stop-loss below $9.70. I also went long DWTI at $112.38 with a stop below $105 for a likely day-trade , shorting crude oil...

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01Apr12:44 pmEST

Battlefield Tactics; Chess Moves

I just sold 1/3 of my earlier NUGT long here at $10.69 from earlier $10.31 entry. I am just taking some quick, partial gains for the sake of discipline in a fast-moving instrument.  As for the overall trade setup, it is still very much intact.  Specifically, the GDX, ETF for the senior gold miners, below on the daily chart, shows a potential...

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01Apr11:56 amEST

Back in the Gold Game; Chess Moves

I went long NUGT at $10.31 with a protective stop-loss below $9.70.  NUGT is the triple-long gold miner ETF.  As I mentioned in my last blog post, gold miners are impressive today, including the likes of ABX. There re many potential double-bottoms in the space, to the point where I am taking a shot at another tradable bounce, of which there...

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01Apr11:29 amEST

The Usual Response to a Waterfall

Into the opening weakness we are see dip-buyers give it their usual effort in pushing stocks as close to back to green as possible. Small caps bounce particularly hard off the morning thrust down, as they continue to outperform in many respects this  year.  Select issues, such as AYI JCP NDRM, are notably outperforming, essentially trading in...

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01Apr10:41 amEST

Taking Partial Profits; Chess Moves

Into this morning weakness, I took partial profits in two of my bearish biotechnology positions.  I sold half of my BIS long at $36.05 from my $34.11 entry posted yesterday, trailing up a mental stop-loss to my entry price to protect gains.  I also covered half of my GILD short at $95.99 from my core $100.46 entry and 98.92 add, trailing...

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