Reversal of Fortune

22Jan10:42 amEST

Press the Restart Button After This Level of Super Mario

"Super" Mario Draghi of the ECB announced his own QE numbers this morning, as markets spiked up at the open only to abruptly fade into red. As I write this now. dip-buyers are giving it a go at recapturing the opening highs, namely 2,045 on the S&P 500 Index. I am seeing wild price swings across all markets, however, including crude oil...

21Jan4:36 pmEST

Stock Market Recap 01/21/15 {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...

21Jan3:17 pmEST

Simply Trading What I See; Chess Moves

I am long TMV here, at $26.44, with a protective stop-loss below $25. TMV is the triple-bearish ETF for Treasuries, which means I am betting against U.S. bonds. This is not a macro trade, nor a trade for or against Central Bankers around the world. Instead, I am simply trading what I see on that TLT chart I presented to you earlier today. On...

21Jan1:45 pmEST

A Frigid Winter for Big Blue

Not much has changed for major Dow component IBM from a technical standpoint, as "Big Blue" is still battling a confirmed topping pattern on the monthly chart, projecting a move down to roughly $130, as I have written about before. After earnings, though, it is worth revisiting the chart just to drive home a point that there still seems to be...

21Jan12:37 pmEST

One Time!

I continue to patiently wait for a more textbook short setup in the runaway market known as Treasuries. On the TLT hourly chart, below, the light blue lines illustrate a potential rising wedge breakdown. Thus, for the first time in a while, I am interested in shorting bonds again via a long TBT or TMV position (the double and triple short bond...

21Jan11:37 amEST

Scoping Out My Next Catch

After some sizable wins and only a few small losses to kick off 2015 I am back to 100% cash. The Russia short I day-traded (and sold into the bell, noted on this blog) yesterday would have gone against me this morning, as oil and Russia are bouncing after an early ECB release. In addition, a faulty AMZN rumor hit the tape, causing some...

21Jan10:02 amEST

Doing the Sensible Thing; Chess Moves

I sold the final piece of my NUGT long here at $20.92 from my $16.88 entry in this blog post to lock in the rest of a good win. I took gains along the way and used the strength at the opening bell to sell. I am back to 100% cash now, likely waiting for some better spots to get involved. I still think precious metals and miners are acting...

20Jan4:42 pmEST

Stock Market Recap 01/20/15 {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...

20Jan3:47 pmEST

Pressing the Eject Button Into the Bell; Chess Moves

I decided to sell my RUSS long for break-even into the close. I am not looking to take overnight risk without much profit cushion there, especially with the headline risks associated with Russia. I may, however, revisit the position tomorrow. I am back to being long solely NUGT, a final piece of a winning position. Ideally, for me, gold miners...

20Jan3:00 pmEST

Reversal of Fortune

The market reversed higher abruptly this afternoon, after drifting in the red for much of the day. Shorting U.S. equites remains a tricky endeavor--You can see how quick I was to trade around my shorts in recent weeks, closing them out late-Friday. As it stands now, we have NFLX earnings after the bell this evening, and the ECB on Thursday....