Winter Light Before the Holiday

17Mar4:27 pmEST

Stock Market Recap 03/17/15 {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...

17Mar3:52 pmEST

Toughness on the Irish Holiday; Chess Moves

I decided to cut my GPRO long at $40.60 from the $41.01 entry this morning for the 1% loss, rather than swinging it. GPRO is still in a fierce downtrend and I am going to stick to my discipline of not swinging it without at least some profit cushion. I took profits in most of my GOGO long today for a nice win, and will let a final small piece...

17Mar3:05 pmEST

One Word for New Ideas: Plastic

I am already short AXP and V. And I continue to see setups on the short side emerge in the credit card space. If you have followed my work for a while, then you know back in 2010-2011 I wrote up the bullish prospects for major credit card players as long-term plays, such as DFS and MA, based on their multi-year coiling chart patterns. And now...

17Mar2:11 pmEST

Martha Regaining Street Cred

After basing out for several years following a swoon, Martha Stewart Living Omnimedia, Inc. is showing some serious sign of late in the last few weeks. I had previously been looking for some type of bottom to be scalloped out, but the stock continued to be "dead money" for quite some time, grinding sideways to a halt. However, I was reminded...

17Mar12:55 pmEST

Taking in More Green on a Green Holiday; Chess Moves

i just sold another piece of my GOGO long at $21.69 from the $19.93 entry last week. I am taking advantage of more intraday strength in the name, in the face of a red market, since I took initial gains this morning here . I am now down to about 25% size of original position, with my stop-loss raised to my entry price. As for new ideas, I...

17Mar12:14 pmEST

Setting Sail on the High Dow Seas

The new short Visa trade I entered in my last blog post is going to be a big one, insofar as it pertains to the Dow Jones Industrial Average. Note that Visa is now, by far, the most heavily-weighted Dow component ( click here for source). The theory behind the short trade can be found on the daily chart, below. We can see a well-defined...

17Mar11:17 amEST

Making More Trades; Chess Moves

My short book currently consists of AXP and GOOGL, as I believe both positions are intact for my thesis. And I just added to the short side of my book by going short Visa at $266.44 with a protective cover-stop over $280. This is a 4% portfolio position, and I am playing for the largest Dow Jones Industrial Average component to break down a...

17Mar10:29 amEST

Operation Dinner Out is a GoGo; Chess Moves

I just sold half of my GOGO long here at $21.33 from my $19.93 entry last week noted in real-time in this blog post , in order to scale partial profits. I moved my protective stop-loss up to my entry price, in order to protect the rest of the gains, thus far. The stock is moving nicely, despite broad market weakness this morning and recent...

16Mar4:28 pmEST

Stock Market Recap 03/16/15 {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...

16Mar3:31 pmEST

Winter Light Before the Holiday

A nice broad market rally today in front of the St. Patrick's Day holiday tomorrow leaves bulls feeling pretty confident in another V-shaped really to fresh highs on the major averages. I still am looking to see ore broad-based quality technical setups before I would consider loading up my portfolio with swing longs. But that does not make...