Trimming Some Fast Gains; Chess Moves

04Feb10:13 amEST

Watch the Components for Explosive Moves

In determining whether the precious metals miners are on the cusp of another leg higher after a stellar open to 2015, I am keying off some individual components in the GDXJ, ETF for the junior gold miners. In particular, you can see individual components AG HL, which have a heavy weighing in that GDXJ ETF, both coiled up on their respective...

03Feb4:45 pmEST

Stock Market Recap 02/03/15 {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...

03Feb3:50 pmEST

Update Into the End of the Workday

I decided to sell off the rest of my DWTI long at $107.32 from my $98.88 entry earlier today. I will not swing crude oil with inventory report tomorrow morning. CMG looks to be one of the big earnings tonight after the bell. Overall, despite my TZA loss and gold miners reversing lower, the airline shorts and an opportunistic trade in oil...

03Feb3:09 pmEST

Debating a Justifiable Swing

Earlier this afternoon I initiated what I planned to be a day-trade on Stocktwits and Twitter in DWTI, the triple-short ETF for crude oil. Here is my original note. I sold off profits up to $104.86. Currently, I have half of the position on and am debating swinging it overnight. Crude oil has seen a nice multi-day short squeeze back from...

03Feb1:41 pmEST

Cutting a Loser and Locking in Airline Winners; Chess Moves

The market continues to be extremely volatile not just on a day-to-day basis, but also intraday as well. As such, there is still a premium being placed on agility and discipline as a trader. We simply need to keep cutting losers quickly, while managing winners effectively. With this in mind, I made the following sales: I sold my TZA long for...

03Feb12:17 pmEST

Signs of the Bread Basket Storm Passing

While crude oil is getting much play for its snapback rally from badly beaten-down conditions, soft commodities are also staging relief rallies today. Just like oil, the softs have been pummeled in recent months, which I am sure has been just one consequence of the U.S. Dollar runaway freight train higher. Nonetheless, the greenback is coming...

03Feb11:27 amEST

More Spreads Than Your Super Bowl Party

The bifurcation across markets continues, with biotechnology stocks essentially breaking down from a rising wedge (although the close is going to be paramount today, it is still fairly early in the session), while other parts of the market are strong, namely the Dow and small caps. You can see the updated biotech sector ETF daily chart, below...

03Feb10:30 amEST

Russia Bears Watching for Love

In the midst of the snapback rally in crude oil and energy stocks, Russia has stopped going down for now. The RSX, country ETF for Russia, seen below on the daily timeframe, shows a consolidation pattern which has morphed into a sideway channel. Bears have thus far failed to crack it lower, perhaps blinded by love for a crash in crude and...

02Feb4:58 pmEST

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

02Feb3:15 pmEST

Trimming Some Fast Gains; Chess Moves

For the sake of discipline in this volatile market, I just sold a piece of NUGT long up here at $19.53 from my posted $18.46 entry earlier today here , to lock in some initial, fast gains. I still, however, have my core position on with a stop-loss below $17.20. Precious metals and especially miners are having a solid day, overall. But more...