Now You'll Have to Be Extra Gritty

05Feb4:32 pmEST

Stock Market Recap 02/05/15 {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...

05Feb3:20 pmEST

Late Afternoon Chess Moves

I sold off another piece of my JNUG long here at $35.39 from the $33.40 entry, noted yesterday in this blog post , to scale more gains I am now down to about 1/2 position of the original position size. Also, if you missed my update in my last post, I sold the UGAZ long from earlier today at $2.48 for a loss from y $2.58 entry. It was a tight...

05Feb2:07 pmEST

Let's Help the Consumer with These Prices

It is a grinding day in the tape, overall, with the small caps pushing higher this afternoon and other indices following suit. My sense is that traders are downright exhausted from the previous several weeks of violent price swings and overnight moves, not to mention whipsaws and a steady flow of news which seems to be flipped on its head the...

05Feb12:13 pmEST

Back in a Tough Trade; Chess Moves

There is no way to sugarcoat it: Going long natural gas has been an extraordinary tough trade since Thanksgiving. Nonetheless, with crude rallying off recent lows and commodities in general attempting to show signs of life amid a U.S. Dollar currently in consolidation mode I am taking a shot at a long UGAZ play. Specifically, I went long UGAZ,...

05Feb11:36 amEST

Trying Times in the Energy Sector These Days

A true bottom with signs of capitulation? Or simply a bear market rally in oil and oil stocks? The saga is to be continued...

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...