Hacking Into These Two Charts with Precision

24Dec12:14 pmEST

GoPro Trying to Use Handcuffs as Weapons During Lock-Up

After charting the recent IPO GoPro as short setup for a several weeks, the issue now becomes whether the stock has become a buy. On the updated daily chart, below, you can see the weakness late-last week down out of the highlighted bear flag failed to confirm lower. In fact, it led to a multi-day bounce this week. Beyond that, the company...

23Dec4:57 pmEST

Stock Market Recap 12/23/14 {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...

23Dec3:36 pmEST

Santa Riding Through Some Smoke in These Markets

I present the monthly of the TNX, 10-Year Treasury Yield Index, to illustrate the critical juncture rates are at as we head into 2015. As we know, bond bulls pulled off a tremendous 2014, largely seeing me hold off on bond shorts until recently. So why continue to look for the bond short? The answer can be seen in the monthly chart, below....

23Dec2:44 pmEST

Aligning for a Snapback Rally

Crude oil, energy stocks, and Russian stocks are all still in bounce-back mode off their recent swoons lower, with some of them acting better than others. As I write this, energy stocks housed in the XLE sector ETF are making fresh session highs, while crude oil (seen on the ETF's 30-minute timeframe, first below) is also strong. Russia,...

23Dec12:48 pmEST

Adding to an Open Position; Chess Moves

I added to my existing TBT long just now, at $47.38, after the core $46.46 entry noted in this blog post . My protective stop-loss is still below $45, in the event the trade turns against me. This position now represents roughly 6% of my trading portfolio capital. TBT is the ultra-short ETF for Treasuries. In essence, I am betting against...

23Dec11:34 amEST

Santa is Taking Creatine This Christmas

GNC has made a series of higher lows, seen the first daily chart below, since the summer months. This comes after a steep downtrend beginning in November 2013. Prior highs are above $60, which means it is anyone's guess as to whether the stock will unleash a new bull run. However, the progress is to be noted, on top of today's impressive...

23Dec10:42 amEST

The Holiday Stretch

While the Nasdaq is red this morning, the other major averages are green as many individual issues are stretching higher yet into the holidays. The market will close early for Christmas Eve tomorrow, followed by a day off on Thursday for Christmas Day. Issues such as MRGE RRGB TXRH ZAYO ZEN are still reasonable long setups into further...

22Dec5:18 pmEST

Stock Market Recap 12/22/14 {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...

22Dec3:40 pmEST

70 Wonder Years

The great musician Joe Cocker died at 70 years old. He had a distinct voice, and also was featured in the theme song to the hit TV show, "The Wonder Years." Back in a few moments for my video market recap.

22Dec2:49 pmEST

Hacking Into These Two Charts with Precision

BlackBerry has been a popular ticker for short-term traders for a while now. And updating the daily chart, first below, we can see that Friday's weakness apparently was a failed move lower. We know that from failed moves in the market often come aggressive moves in the opposite direction. Thus far, we are seeing just that in BBRY, with today's...