Stock Market Recap 12/02/14 {Video}

04Dec11:03 amEST

Aftershocks from the Haircut in Oil

A reentry into ERY (triple-short energy sector ETF), which worked well for me last week, is still at the top of my list this morning as far as potential new traders go. On the XLE, energy sector ETF, daily chart, below, note how the recent multi-day bounce off well-defined support is threatening a rollover today. I still suspect many aspiring...

04Dec12:13 amEST

Late Night Strategy for Thursday

In addition to ACHN, let's keep BLUE on watch, seen on the first daily chart below, as one of the better-looking biotechnology technical setups for a long idea over $43. Both ACHN and BLUE have been basing nicely of late within the context of uptrends. And on the short side, I still have my eye on the XLE, energy sector ETF, especially if the...

03Dec4:46 pmEST

Stock Market Recap 12/03/14 {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...

03Dec4:19 pmEST

Don't Be Piggish on the Bounce Plays

The energy sector bounce from oversold conditions in recent sessions has seen the likes of mega cap Exxon Mobil fill an open gap above, pictured on the first daily chart, below. The issue then becomes where we go from here. On the second chart, below, of the daily timeframe of the energy sector ETF, we can see a mild fade off the highs of the...

03Dec3:50 pmEST

Flattening Out Into the Bell; Chess Moves

With major Nasdaq component AAPL regaining $116 into the bell, it appears, I elected to cut my starter position in SQQQ (ultra-short ETF of the QQQ) at $28.65 from my $29.23 entry for a loss. The theory behind the trade was that the Nasdaq would pull in more immediately. But even with premier names like AMZN pulling back, the Nazzy held in...

03Dec1:52 pmEST

An Internal Battle in Medicine

A major part of the market continues to be the multi-year winning biotechnology sector. On the whole, they have turned in a magnificent performance, quickly rising from each shakeout along the way. Headed into year-end, it is tough to see any meaningful downside in the broad market unless the biotechs themselves put in a reversal lower. A major...

03Dec12:31 pmEST

They're Gambling it Up at the Aria

On an otherwise slow day in the market, biotechnology stock ARIA is breaking higher from a multi-day consolidation period, seen on the daily chart, below. This is one of those highly speculative biotechs, which comes with its own sets of unique risks. But I did look at it as a long setup when I charted in within the past week or two, especially...

03Dec10:46 amEST

Baseline, Extended

The resistance trendline, extended out on the GDXJ, ETF for the junior gold miners (seen below on the daily chart, top light blue line) is providing support to price this morning. Note how this is happening even as the U.S. Dollar gaps higher on the UUP ETF, though it is off the highs of the session. In technical analysis, oftentimes extending...

03Dec12:32 amEST

Late Night Strategy for Wednesday

IRG, owner of Joe's Crab Shack and a few other restaurant chains, is a forming a potential long base bottom, seen on the daily chart, below. In addition to the technically-sound charts n the casual dining space, namely BJRI FRGI RRGB TXRH (also casual/fast food plays BKW BLMN KONA JACK SONC), IRG may be a long play here if the stock pushes up...

02Dec4:31 pmEST

Stock Market Recap 12/02/14 {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...