Starting to Come Together

I discussed the idea of going long natural gas yesterday for a quick trade off potential major support.

In particular, if money was coming out of energy stocks, then the beaten-down natural gas commodity itself could easily benefit from rotation.

Natty still has a ton of work to improve itself. I will update the chart later today and/or in my video recap after the bell.

For now, natty is running.

Here was my note to 12631 members this morning, as you can see I put my money where my mouth was yesterday:

Sold 1/2 of 1/2 Long $UGAZ @ $15.37 from $14.29 entry to lock in partial gains and take advantage of morning pop. 1/4 position left.

The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out) which I published for members and 12631 subscribers this past Sunday.

 Headed into this week, it is hard to see the market sustaining any meaningful upside if the high beta, small market capitalization stocks housed in the Russell 2000 Index do not make a move at least over 1,180, if not prior highs of 1,213. Recall that while the S&P and Nasdaq made fresh highs this summer, the Russell did not. That still remains the case, and we await for the small caps to declare their next directional move to resolve this glaring, ongoing market divergence. 

As the updated daily chart of the Russell indicates, failure to break over 1,180 keeps a potential major topping pattern in play, spanning all of 2014, with a close below 1,082 necessary to confirm. 

Next…

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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.

https://www.youtube.com/watch?v=Ur8rBhREsAU

In light of the BNNY buyout, let’s especially keep a name like JMBA on the long radar, basing well on the daily chart, below.

And on the short side, keep an eye on AXP MA for weakness.

Drop me your top tickers overnight.

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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.

Enjoy tonight’s video, and enjoy your evening. 

Direct Vimeo Link Click Here

The bond market has experienced subtle changes of late, opening strong but seeing gains faded.

I remain short Treasuries via the TBT TMV bearish ETF’s, playing for rates to move higher, especially on the 10-year.

As far as equity are concerned, it was a choppy day with some setups emerging on both sides of the tape.

More in my video market recap after the bell.

See you there.