Kiss That Frog; Chess Moves

09Dec4:56 pmEST

Stock Market Recap 12/09/14 {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...

09Dec3:47 pmEST

Scaling Some Fast Gains; Chess Moves

As per my trades posted here yesterday, I sold 1/2 of DGP and 1/2 of NUGT, both long positions, levered to gold and the gold miners. I sold 1/2 of DGP at $25.37 from the $24.13 entry yesterday, moving my stop up to break-even. The position is now 2% of my portfolio. I sold 1/2 of NUGT at $14.45 from the $13.09 entry yesterday I blogged...

09Dec2:44 pmEST

You're My Boy, Market Chess BLUE

Two of the most rewarding aspects of publicly writing and discussing the markets on a daily basis for the community of traders are seeing them either save significant capital due to risk management techniques, and of course hitting the occasional home run due to ideas I analyze as actionable trading ideas. BLUE is one such example of the...

09Dec1:23 pmEST

Still Cruising for a Trip Up the Nile

Dip-buyers are making their usual stand today, with small caps leading a ferocious bounce off the morning gap down and not yet slowing down. If we do get the typical bounce or drift into year-end, I still think Blue Nile can work well as a long idea in the specialty retail space. The low float/heavily-shorted online jeweler is capable of...

09Dec12:22 pmEST

Tipping Over Versus Ready to Surge Again

The small cap ETF for the Russell 2000 Index, seen below on the 30-minute timeframe, presents a familiar setup we have seen during this bull market--An abrupt sell-off at the open, followed by an exuberant bounce. Generally speaking, even if bull markets we could then see a rollover to retest or magically make new lows (before buyers come in...

09Dec11:22 amEST

Give Me Back My Precious!

This morning's action in the market, in terms of equities as a whole heading south while precious metals and miners rally, has been a thesis I have been selectively playing for a while now, albeit with an in-and-out modus operandi. The goal has been to remain opportunistic and nimble, in lieu of being dogmatic, when trading tickers such as NUGT...

09Dec12:24 amEST

Late Night Strategy for Tuesday

Futures are soft overnight, though we know this bull market has a long history of flipping them green before the bell. Still, it is tough to ignore the technical damage sustained in many premier issues in the Nasdaq Composite Index of late. I am thus sticking to the inter-market, opportunistic and nimble approach, in lieu of heavy directional...

08Dec5:08 pmEST

Stock Market Recap 12/08/14 {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...

08Dec3:58 pmEST

Going Long the Miners; Chess Moves

In addition to going long the yellow metal itself, which I discussed in my last blog post here , I am now long the gold miners. I placed 4% of my trading portfolio capital into a long NUGT position. NUGT is the triple-long senior gold miner ETF. Gold miners reversed higher this afternoon, following gold itself higher. And I am playing for...

08Dec2:10 pmEST

Kiss That Frog; Chess Moves

I just placed 4% of my trading portfolio capital into long DGP position, which is the ultra-long gold ETF. The yellow precious metal is still routinely mocked, as are gold bugs. But recent lows appear to be holding, and gold is outperforming the entire precious metals and miners complex. I entered the trade at $24.13 with a stop-loss below $22...