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

Starbucks Coffee? It Stinks

I am still short of share of Starbucks in highly principled terms, since $77.29 with a $76.77 add.

On principle, I say, seeing as the coffee is burnt But for the sugary cover-ups of its drinks, I doubt the firm would be in business today.

Just last night, I was at one of the fancier Starbucks sporting a “Clover machine,” where I ordered the most expensive coffee they had from Africa. Needless to say, it was another disappointment, especially given how lackadaisical the workers were to get the line moving.

Perhaps I am being a bit too harsh on Starbucks here, but in all seriousness the technical case for holding my short is still there.

I will come back in a bit with charts.

What are you trading this morning?

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Major Index Price Levels to Watch

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.

  1. On the S&P 500 Index:  Downside levels of note: 1991, 1985, 1979, 1968, 1949, then 1925.
  2. On the Nasdaq Composite Index: On the upside, note:  4,600, then 4,610. On the downside, note; 4,547, 4,504, 4,485, 4,430, then 4,371. 
  3. On the Russell 2000 Index: On the upside, note: 1,175, 1,180, then 1,205. Downside levels of note: 1,164, 1,151, 1,140, 1,131, 1,119, 1,107, then 1,082.

Please click here to continue reading

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The Mortal Kombat Finish Him Stocks


In the event we see a further rally this week, here are some actionable long ideas which are heavily-shorted.

Please click the screen shot below for a larger view of my “12631 FINISH HIM! SHORT KILLER SCREEN” inside The PPT. Obviously these stocks are going to have the highest percentage of shorts and, according to the algorithm, are set up well to squeeze further.

If this bull goes buck wild, this is a great idea screen.

Members can click here to view and save it.



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Late Night Strategy for Friday


As I noted on Thursday, some long ideas with solid charts on watch for strength are: AKAM CRM ILMN JMBA WBMD.

And on the short side, some major credit card players such as MasterCard, below, are still ripe to break lower in a weak tape.

Drop me your top tickers overnight.




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Stock #Market Recap 09/11/14 {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.

Enjoy tonight’s video, and enjoy your evening. 

Direct Vimeo Link Click Here


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Last Chance Before Losing That Gold Shirt


Talk about living on a prayer–The precious metals and miners are all back to major support today.

Major breakdown or bear trap?

The junior gold miners are suspiciously strong today.

More on this and equities on my video market recap after the bell. Oh, and bonds too…

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