Stock Market Recap 12/15/14 {Video}

17Dec11:15 amEST

Cutting a Gourmet Loss; Chess Moves

No dice on the coffee long starter position I took the other day, with the JO ETN failing to hold recent lows. As a result, I closed out my position just above $31.30 from the $32.77 entry I posted the other day for a loss. I am honoring my stop-loss as the thesis for the trade is being proven wrong by the market with price losing Monday's...

17Dec12:30 amEST

Late Night Strategy for Wednesday

After a nice breakout to new all-time highs, I believe Wal-Mart could easily be setting up as a quick short. On the daily chart, below, note the blue lines indicating a tight range of late below the the 20-day simple moving average. On weakness, WMT is likely to breakdown further and at least test its 50-day moving average. A move over $85,...

16Dec5:27 pmEST

Stock Market Recap 12/16/14 {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...

16Dec3:37 pmEST

Advice from Jimmy Conway About the Santa Claus Rally

See you after the bell for my video market recap...

16Dec2:42 pmEST

Junior Varsity Losers

In addition to the large, liquid, premier glamorous issues in the market (e.g. AMZN GOOG NFLX PCLN TSLA), the "junior" marquee names, with a bit less institutional sponsorship and market capitalization, but which are still quite noteworthy, have been struggling mightily of late. I have consistently charted P TWTR YELP as short ideas for several...

16Dec1:38 pmEST

A Ritual Fade

The Nasdaq is flipping red as I write this, in part due to the many times AAPL (a heavily-weighted Nasdaq component) has seen bounce attempts faded in recent trading session. Despite the fact that AAPL is back to its 50-day simple moving average, there may be too many looking to play a bounce for it to stick. In addition, other marquee Nasdaq...

16Dec12:16 pmEST

We're Going to Stay Onatopp Things

No one knows for sure whether Russia has just put in a meaningful bottom after essentially crashing in recent weeks. In these types of situations, it is usually better to have well-defined trading plans in lieu of boldly declaring a major bottom or instead that a prolonged crash will resume within short order. RUSL is sure to be on many...

16Dec11:31 amEST

Reversal Fresh Out of the Oven

Crude oil, energy stocks, and Russia, the three markets which have effectively been crashing of late, are staging upside reversals this morning. This type of action could easily be accomplishing the act of punishing latecomer shorts who were pushing their luck this week. On the XLE, ETF for the energy sector, daily chart below, note that we...

16Dec12:25 amEST

Late Night Strategy for Tuesday

SHW, seen on the daily chart below, illustrates that even the strongest issues in the market are hanging on for dear life. Note the highlighted rising channel price has enjoyed climbing of late, but recently struggled to maintain. I view a move back under $245 as representing a short trigger to play for a well-defined channel breakdown. I...

15Dec5:03 pmEST

Stock Market Recap 12/15/14 {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...