Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Back-Rank Checkmate Potential


If crude oil loses the highlighted daily chart bear flag, below, I am considering DTO SCO inverse ETF’s to short black gold.

As you know, crude has been quite weak for some time and has failed to hold much of a bounce at all.

Against that backdrop, a washout is still a clear risk, especially with the USO ETF loses $30.

What are you trading this morning?



Comments »

Reminder About the New Weekly Strategy Session Look

Over the last two weekends, I presented my Weekly Strategy Session in video format.

Here is the full Session from last Sunday.

Please click here for more details about trying out the service. Note that 12631 members receive the Strategy Session each weekend at no additional cost.

Direct Vimeo Link Click Here

Comments »

Night Owl Open Forum


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.

Comments »

Stock #Market Recap 10/23/14 {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

Comments »

Back to the Future with These Two Iconic Brands


I am looking at Burger King as a long idea, especially over $32, with $29 below needing to hold. Note the decent technical setup on the first daily chart, below.

And General Motors is still a short setup, reversing lower today on the daily chart, second below.

What are you trading this afternoon?





Comments »

Eluding the Illusion


Biotechnology stocks continue to give off an aura of invincibility, as demonstrated by the biotech sector ETF’s latest V-shape rally from just below its 200-day moving average to new all-time highs…in just a matter of days.

At this point, it is hard to see bears being able to hold the broad market initiative for more than a day or two unless we see a meaningful downside reversal which holds in this sector. CELG REGN appear to be leafing the group, while BIIB GILD are slightly lagging and not making new highs today.

I have taken a few shots on the short side but have not been stubborn with them–There will be plenty of time to press and hold when the market finally does crack.

For now, biotechs are part and parcel of the pain trade for underinvested fund managers who need to chase performance into year-end.

The monthly sector ETF chart, below, illustrates my point, with a steep ascent coupled with October’s enormous and rare monthly candle, obviously well off the lows.




Comments »