Stock Market Recap 03/24/15 {Video}

26Mar10:47 amEST

Scale and Trail a Tough Trade; Chess Move

I just sold off another piece of my UVXY long at $16.25 from my posted $15.53 entry yesterday. After taking day-trade partial profits into the bell yesterday, I now am down to 1/3 the size of my original position now, and raised my stop-loss to my entry price to prevent a winner turning into a loser. Going long volatility is always a...

25Mar4:46 pmEST

Stock Market Recap 03/25/15 {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...

25Mar3:26 pmEST

Final Hour Chess Moves

Here are two quick final hour trades to post. I sold a small piece of FAZ long here at $12.51 from $11.97 entry yesterday. I am now down to 1/2 position of the original, letting it ride with the financials still weakening here. I also sold my $JNUG long at $22.11 from $22.16 entry on Monday for a few pennies loss. I did not see much movement...

25Mar2:11 pmEST

The Claws Are Ready

I remain short GILD with minor profit cushion on my entry, playing for that 200-day moving average (yellow line on daily chart, below) to eventually succumb to selling pressure after buyers have tried to defend it for quite some time now. As a general rule in technical analysis, the more well-defined support is probed, the more likely it is to...

25Mar1:27 pmEST

Long in the Tooth Rails; Chess Moves

I just went short Canadian Pacific, CP, at $184.49 with a cover-stop over $195, playing the recent weakness in the rails and transports. CP has been a monster, multi-year winner. However, like most other transports and especially rails of late, the rally is showing signs of being long in the tooth. On the zoomed-out daily chart, below, for...

25Mar12:29 pmEST

Moving Quickly with My Courtship; Chess Moves

I sold 1/3 of my long FAZ position at $12.41 from my posted $11.97 entry yesterday to scale gains. As I posted yesterday here , I was courting the financials for a move lower after the XLF ETF failed to break over $24.60 in recent weeks. And if top component Berkshire Hathaway breaks down further I expect even more financial weakness, which...

25Mar11:54 amEST

I Go for the Gourmet Setups; Chess Moves

After playing the initial move off recent lows and selling into strength late-last week, I just went long coffee again, via the $JO ETN, at $25.02 with a stop-loss below $24. I am playing for 20-day moving average, denoted by the orange line on the JO daily chart below, to now hold as support to cement an initial higher low. To be sure, coffee...

25Mar11:26 amEST

Not-So-Cool Runnings

Crude oil is grinding higher and should be running above its $16.80 breakout point on the USO ETF, seen first below on the 30-minute timeframe. I would only consider a DWTI (triple-short crude) if price falls back under that level on the ETF. Otherwise, crude looks to be simply grinding higher, not particularly exciting to longs playing for a...

25Mar10:38 amEST

Trim Those Buns of Steel; Chess Moves

I sold half of my X long here at $25.40 from the $24.24 entry on Monday to scale partial gains. I also moved my stop-loss up to my entry to protect the position. As you can see on the updated daily chart, U.S. Steel is hitting up through its upper Bollinger Band after good action this week. The stock is now short-term overbought and at a good...

24Mar4:35 pmEST

Stock Market Recap 03/24/15 {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...