Latest Titanic Readings in Case of Iceberg

Titanic-sinks1

Here are some actionable short ideas on this list, especially if the market sees another day of weakness.

Courtesy of The PPT algorithm, here are some very aggressive ideas for short trades headed into Friday If you are not comfortable shorting (especially in a bull market), there is nothing wrong with taking a pass. Keep those cover-stops in place.

Nonetheless, a good chunk of readers are always looking for short ideas.

Members of The PPT can click here to view and save this “Titanic” Screen, as I named it when I created it a few years back. The screen isolates stocks vulnerable to further weakness.

Please click on image to enlarge 

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2014-10-23_0038

Night Owl Open Forum

night-owl

For you night owls out there, feel free to drop me any market/trading-related topics you would like me to cover in a weekend video.

In addition, anything else about the current market, feel free to drop below.

Speak your mind, night owls.

Late Night Strategy for Thursday

FGTUqTD

Goldman Sachs has a pretty textbook bearish setup on the daily chart, below. Note the bearish engulfing candle at the 50-day moving average on Wednesday after a weak buy volume bounce over the past week.

If we are on the cusp of seeing the next leg down in a more standard correction, in lieu of the QE-era rallies to new highs off shallow dips, then I suspect Goldman will prove to be a quality short into the end of this week.

I like it as a short on any further weakness, which would likely pressure the financials as a whole.

Drop me your top tickers overnight.

____________________________________________________________

GS

Stock #Market Recap 10/22/14 {Video}

If you enjoy my blog posts and videos, then I would encourage you to please click on this 12631 hyperlink for more details about joining our great team of traders at a very reasonable price. 12631 is a trading service which @RaginCajun and I direct here at iBankCoin.

In addition, please see the top of this video for details about attending our iBC Investors Conference this November.

Enjoy tonight’s video, and enjoy your evening. 

Direct Vimeo Link Click Here

EleVader Down for Crude to the Dark Side

Fhk0IJy

The inability of crude oil to hold so much as an oversold bounce this week from badly beaten-down conditions surely cannot be a good sign for global growth. While I am aware of the geopolitical theories as to why this is happening, I am also not discounting the potential negative implications of bid-less crude.

Looking ahead, I am keying off of crude and the correlation to equities to see if stocks come under pressure if crude remains weak.

See you after the bell for my video market recap with more discussion.

____________________________________________________________

USO

Kicking Some Bear Game

1_634109195931187500333292_53_2AChanosJChanosTHouston_053010

I am testing out a short in the small caps as we speak, based on the 30-minute IWM support trendline breach, seen below.

Inside 12631, I am long TZA with a protective stop-loss below $15.70, though I may cut it sooner if proven incorrect.

Small caps still have major technical issues, from a long-term perspective. And the last few days of exuberant bouncing does not negate that damage.

Let’s see if bears can lean on dip-buyers here for a rollover.

_________________________________________________

IWM

Latest Titanic Readings in Case of Iceberg

Titanic-sinks1

Here are some actionable short ideas on this list, especially if the market sees another day of weakness.

Courtesy of The PPT algorithm, here are some very aggressive ideas for short trades headed into Friday If you are not comfortable shorting (especially in a bull market), there is nothing wrong with taking a pass. Keep those cover-stops in place.

Nonetheless, a good chunk of readers are always looking for short ideas.

Members of The PPT can click here to view and save this “Titanic” Screen, as I named it when I created it a few years back. The screen isolates stocks vulnerable to further weakness.

Please click on image to enlarge 

________________________________________________________

2014-10-23_0038

Night Owl Open Forum

night-owl

For you night owls out there, feel free to drop me any market/trading-related topics you would like me to cover in a weekend video.

In addition, anything else about the current market, feel free to drop below.

Speak your mind, night owls.

Late Night Strategy for Thursday

FGTUqTD

Goldman Sachs has a pretty textbook bearish setup on the daily chart, below. Note the bearish engulfing candle at the 50-day moving average on Wednesday after a weak buy volume bounce over the past week.

If we are on the cusp of seeing the next leg down in a more standard correction, in lieu of the QE-era rallies to new highs off shallow dips, then I suspect Goldman will prove to be a quality short into the end of this week.

I like it as a short on any further weakness, which would likely pressure the financials as a whole.

Drop me your top tickers overnight.

____________________________________________________________

GS

Stock #Market Recap 10/22/14 {Video}

If you enjoy my blog posts and videos, then I would encourage you to please click on this 12631 hyperlink for more details about joining our great team of traders at a very reasonable price. 12631 is a trading service which @RaginCajun and I direct here at iBankCoin.

In addition, please see the top of this video for details about attending our iBC Investors Conference this November.

Enjoy tonight’s video, and enjoy your evening. 

Direct Vimeo Link Click Here

EleVader Down for Crude to the Dark Side

Fhk0IJy

The inability of crude oil to hold so much as an oversold bounce this week from badly beaten-down conditions surely cannot be a good sign for global growth. While I am aware of the geopolitical theories as to why this is happening, I am also not discounting the potential negative implications of bid-less crude.

Looking ahead, I am keying off of crude and the correlation to equities to see if stocks come under pressure if crude remains weak.

See you after the bell for my video market recap with more discussion.

____________________________________________________________

USO

Kicking Some Bear Game

1_634109195931187500333292_53_2AChanosJChanosTHouston_053010

I am testing out a short in the small caps as we speak, based on the 30-minute IWM support trendline breach, seen below.

Inside 12631, I am long TZA with a protective stop-loss below $15.70, though I may cut it sooner if proven incorrect.

Small caps still have major technical issues, from a long-term perspective. And the last few days of exuberant bouncing does not negate that damage.

Let’s see if bears can lean on dip-buyers here for a rollover.

_________________________________________________

IWM