By the Oil Book

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...

09Feb3:36 pmEST

Adding and Initiating; Chess Moves

Into the bell, I added to my open BIS (ultra-short biotech ETF) long, at $42.26 from my $41.79 entry last Friday. My stop-loss is still below $40. The position is now roughly 6% of my capital. I also took another stab at natural gas, by going long UGAZ at $2.51 with a protective stop-loss below $2.40. Natty is acting well today, and I still...

09Feb3:09 pmEST

By the Oil Book

After its recent snapback rally, crude oil is seeing a reversal lower today. On the USO ETF daily chart, below, note the upper Bollinger Band asserting itself yet again. Furthermore that declining 50-day moving average is coming into play, as you might imagine in a downtrend. As I have noted before, crude remains mired in a bear market (price...