Closing Out a Big Two-Day Winner; Chess Moves

12Feb4:31 pmEST

Stock Market Recap 02/12/15 {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 video, and...

12Feb3:31 pmEST

Patience in the Casino

After closing out the big UGAZ win yesterday, I do not need to force myself to chase equities higher today. I have been largely busy this afternoon organizing plans for the Market Chess Subscription Services, currently being designed. The hot names in the tape have gapped higher today, consistent with this market, such as CYBR, making it tough...

12Feb2:23 pmEST

The Big Apple

Apple continues to be a huge weight in the Nasdaq and derivative ETFs and, accordingly, has helped the Nazzy perform well of late given the stock's near-parabolic move. On the daily chart, below, we can see the stock now touching its upper Bollinger Band, indicative of temporary overbought conditions. If this is, truly, the beginning of a...

12Feb1:40 pmEST

Sneaky Sexy Strength in the Firearms Makers

Although they have earnings coming up in the next few weeks, it is still worth noting the quiet strength in firearms makers RGR and SWHC of late. Both of them had been fair money for a while, not doing much of anything. But, observing both respective daily charts, below, we can see both have been trying to carve out tight, technical sideways...

12Feb12:56 pmEST

Follow-Up on Tesla

With the earnings sell-off for TSLA, the major topping pattern remains very much in play. We looked at chart yesterday, as a cockeyed head and shoulders formation. And updating it today, it looks as though the $200 area is of course of psychological important. But it also may be technically key, too. The sheer size of the pattern projects a...

12Feb12:12 pmEST

Be the Predator, Not the Prey

One of the reasons I have been so quick to trim winners into strength and to abandon losers in this market is the amount of whipsaws we have seen, with gaps in both directions across all markets and head-fakes galore. With this in mind, I sold the rest of my UGAZ long yesterday to lock in a big, 20%-plus win in two days. After the gap down...

12Feb11:18 amEST

Here's to Your Health!

It looks as though the multi-year bull run in the likes of HAIN may have some more organic juice to it, especially over $59.50. On the daily chart, below, note the bull flag pattern I have highlighted which indicate buyers remain largely in control even after a prior move higher. I still believe HAIN to be a viable takeover target in the...

12Feb10:19 amEST

An Interesting Duo

Off of the COST news this morning, which obviously is not favorable to AXP, the stock is continuing on lower from the major topping pattern we have been observing for a while now. If you think it is is a coincidence that the stock had been weak for a while in front of such apparently surprising news, then I would remind you that technicals...

11Feb4:29 pmEST

Stock Market Recap 02/11/15 {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 video, and...

11Feb3:13 pmEST

Closing Out a Big Two-Day Winner; Chess Moves

While the snapback rally in natural gas may very well continue tomorrow morning, it will have to do so without me. Into the final hour of trading, I sold out of the rest of my UGAZ long at $3.03 from Monday's $2.51 entry (noted in this blog post ) to lock in the rest of the win. I may very well revisit the long natty trade again this week....