Stock Market Recap 01/28/15 {Video}

30Jan11:43 amEST

Just Short It; Chess Moves

I went short NKE here at $92.93 with a cover-stop over $97. The position is roughly 4% of my trading capital. I am playing for a daily chart breakdown from the well-defined descending triangle (light blue lines), seen below. I am also playing for the stock's long-term, abnormally steep trend to break. Simply put, Nike has enjoyed an incredible...

30Jan10:55 amEST

Cold Weakness When There Should Have Been Warmth

Not much has changed with our ongoing analysis of the SPY chart, seen below on a zoomed-out 30-mimute timeframe. Despite the exuberance, cheered bounced we have seen along the way (purple lines) in recent weeks, each rally has simply set up the next leg down. This morning, we are seeing signs of a rollover, once again, denoted by the yellow...

29Jan5:12 pmEST

Kinda Takes the Shine off That Flush, Don't It?

To update this blog post from January 4th, the strikingly similar technical patterns in 2014 IPOs BABA and GPRO are playing out incredibly well. After earnings this morning, BABA is gapping down below well-defined support after a "throwback," or retrace up to the scene of its breakdown, just like GPRO did before flushing lower late-last year....

29Jan4:51 pmEST

Stock Market Recap 01/29/15 {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...

29Jan3:53 pmEST

Cashing Up Into the Bell; Chess Moves

Into the bell, I moved to 100% cash in front of AMZN and GOOGL earnings tonight. I sold the rest of SOXS at $14.32 from $13.99 to lock in the rest of that win after taking profits this morning. I also sold my BIS long at $40.25 from from $40.69 for a very small loss. See you after the bell for my video market recap.

29Jan2:41 pmEST

An Objective Market Look in the Dead of Winter

After scaling down my short exposure this morning and locking in hard-fought gains, the market is bouncing into the afternoon portion of the session. The hourly chart of the SPY, ETF for the S&P 500 Index, presented below, shows that buyers were willing to step in again at well-defined support (horizontal light blue line at bottom). However,...

29Jan1:30 pmEST

Gold Bears Not Drowning Yet

Today's action in the precious metals and mining complex is a good reminder in how much patience and restraint needs to be shown even when we think we have a major inflection point on our hands. In particular, the price action and volume patterns in the precious metals and miners in 2015 has thus far been quite promising. However, since the...

29Jan11:50 amEST

Closing Out the Jimmy-Two-Times Short; Chess Moves

I sold the rest of my SDS (ultra-short, or "two times" the S&P 500 Index) long at $23.26 from my $21.99 entry to lock in the rest of the win. I have other short exposure on, and the SPY (straight-up long ETF for the S&P) is back down to what should be some minor support here on the 30-minute chart, below. I my very well hop back into SDS later...

29Jan11:04 amEST

Taking Advantage of the Weakness; Chess Moves

I sold a small piece of my SOXS long here at $15.11 from my $13.99 entry from this blog post yesterday . SOXS, is the triple-bearish ETF for the semiconductor sector. With major component TSM finally cracking today, combined with broad market weakness, the bearish bet is working in my favor. Nonetheless, I am still going to trade around this...

28Jan4:43 pmEST

Stock Market Recap 01/28/15 {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...