Update Into the End of the Workday

05Feb10:43 amEST

Any Port in a Storm

With the day-to-day swings and rotations we have seen, so too, by inference, do the seemingly correct plays of whether to place your money. Overall, we remain rangebound, as the Nasdaq-100 ETF daily chart depicts below, between those light blue lines. FEYE and TWTR are getting some cheer from longs who have likely been tapped in those names...

04Feb4:40 pmEST

Stock Market Recap 02/04/15 {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...

04Feb3:33 pmEST

Getting Squared Away Into the Bell; Chess Moves

Into the bell, I sold 1/3 of the JNUG long at $34.30 from the $33.40 entry earlier to scale some gains. I am still holding 2/3 of it with the same stop. I also covered my LUV UAL shorts, LUV at $44.84 and UAL at $72.14. I had previously scaled gains in LUV UAL in their down moves earlier this week. But they both snapped back very hard today...

04Feb3:20 pmEST

Another Shot at Playing with Fire; Chess Moves

I went long JNUG, the triple-long ETF for junior gold miners, at $33.40 earlier on Stocktwits/Twitter with a stop-loss below $32, playing for junior gold miners to lead a rally higher. I may day-trade part or all of this position, depending on the action into the final hour of trading. HL is one of the top components in the GDXJ ETF, and it...

04Feb1:52 pmEST

Now You'll Have to Be Extra Gritty

After a multi-day short squeeze rally in crude oil, which was inevitable in terms of "when, not if" (although timing it is always extremely difficult), we are seeing some sharp giveback today as latecomer longs feel the heat for what seemed to be an easy money trade. In reality, though, bottom-fishing broken charts (meaning price below...

04Feb12:43 pmEST

Waiting in the Weeds

I am have held off on new trades today, thus far, as the action still smacks of choppy behavior. However, I am entertaining a whole host of fresh trade ideas, including potential longs in JNUG and JO. In addition, looking to go short the indices and long volatility is on my radar if we see weakness this afternoon, potentially trapping longs who...

04Feb11:05 amEST

Tough Crossing the Highest Bridge

It is not just the GILD gap down this morning which is pressuring biotechnology stocks at-large again. In addition, AMGN continues to break lower from a highlighted descending channel pattern, seen on the daily chart, below. BIIB still looks to be the strongest of the major biotechs hanging in there, for now. But clearly the momentum is...

04Feb10:13 amEST

Watch the Components for Explosive Moves

In determining whether the precious metals miners are on the cusp of another leg higher after a stellar open to 2015, I am keying off some individual components in the GDXJ, ETF for the junior gold miners. In particular, you can see individual components AG HL, which have a heavy weighing in that GDXJ ETF, both coiled up on their respective...

03Feb4:45 pmEST

Stock Market Recap 02/03/15 {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...

03Feb3:50 pmEST

Update Into the End of the Workday

I decided to sell off the rest of my DWTI long at $107.32 from my $98.88 entry earlier today. I will not swing crude oil with inventory report tomorrow morning. CMG looks to be one of the big earnings tonight after the bell. Overall, despite my TZA loss and gold miners reversing lower, the airline shorts and an opportunistic trade in oil...