Assessing the Last Gasp of Winter

10Mar4:39 pmEST

Stock Market Recap 03/10/15 {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...

10Mar3:25 pmEST

Playing for Lowe's to Make Lows for a Change; Chess Moves

I went short LOW at $73.32 with a cover-stop over $76. I am looking to swing the home retail giant and am playing for 20-day moving average to break down. The three-headed home retail giants of HD LOW SHW have been on multi-year tears. But I suspect those steep long-term trends are ripe to be correct themselves. On the weekly chart, below,...

10Mar2:37 pmEST

Covering Up for Privacy on Facebook; Chess Moves

I just covered half of my FB short at $77.88 from my posted $80.19 entry last Friday here , in order to scale some immediate gains in the marquee name. I will trail my stop down to my entry price. Overall, the short thesis remains intact for FB and its chart. But I am simply staying methodical with profits on the short side until I see more...

10Mar1:50 pmEST

Victims of the Runaway Dollar

In the face of a runaway U.S. Dollar, still running away higher out of the weekly chart bull flag we looked at two weekends ago in the UUP ETF, most commodities continue to get pounded. In particular, crude oil, gold, silver, and most soft commodities are essentially out of action for longs, for now. Natural gas has also weakened but is not...

10Mar12:50 pmEST

The Most Pivotal Battle in the War

At the risk of being overly-dramatic, consider the junior gold miner ETF, below on the daily timeframe, currently testing its all-time lows from 2014. The GDXJ is currently riding below its lower Bollinger Band, indicative of oversold conditions. But that need not mean much if this is the next fresh leg lower in an ongoing bear market, where...

10Mar11:47 amEST

Pointing the Way to These Two Setups; Chess Moves

On their respective daily charts, below, both GILD and QIHU look to be actionable shorts setting up on any further weakness today. Note that GILD is still threatening a major top, as big-time biotech, while QIHU is in a downtrend and could easily be bear-flagging here. As I write this, dip-buyers gave it a go this morning but look to be...

10Mar10:44 amEST

Balancing Out my Blueberries in the Casino; Chess Moves

I covered some more of my LVS short here, at $52.50, from my $55.34 entry to scale partial gains. Recall that I took some off the table yesterday, too. So, now I am down to about 25% of my original position, with my stop-loss at my entry price. Sands continues to break lower yet. But until we see even more evidence of a major market turning...

10Mar10:22 amEST

Portfolio Update

Here is what I am working with this morning, debating scaling gains into the sell-off as we speak.These are all bearish bets, at the moment, with no bullish exposure on. Long SRS; Short CAT, Short CMG, Short FB, Short LVS, Short UAL. In addition, AAPL is back below $126.60, and GILD is looking quite heavy in biotech land. More on this in a...

09Mar4:19 pmEST

Stock Market Recap 03/09/15 {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...

09Mar3:39 pmEST

Assessing the Last Gasp of Winter

After the recent daylight savings time change, you get the feeling that Old Man Winter is close to his last breath. And when we look at the market, the issue is whether today is the last gasp of dip-buyers bulls before a deeper market pullback ensues or instead if they will simply repeat history and shoot us much higher, yet again. At any...