Wednesday, September 16, 2015
Long Watch TRCH
Uploading my latest video is taking longer than anticipated. I like TBT as a long-term position trade on a FED rate hike. TRCH is a good triangle that just broke out here. Good volume too. Long biased!
Monday, September 14, 2015
STRP Position Trades, Commentary
In this trading video I talk about my STRP short. I also analyze natural gas. I talk about my day trading ideas for the FED announcement and the next direction of the overall market.
Friday, September 11, 2015
Tuesday, September 8, 2015
Friday, September 4, 2015
Under Armour UA
UA looks like the next NFLX bear flag about to break. UA is just as rich on the valuations. UA has a 90 PE and trades at 6 times sales. I'm going to short it on a breakdown below 95. Technically it looks like a rounding top formation. I usually don't trade these big stocks but the 10 day average day range is 4%. So odds are it will move 4% or much more on a volatile day.
Wednesday, September 2, 2015
Two Shorts
BBG and CLNE are short biased watches. CLNE it looks the best for a short. Sweet bear flag
NFLX Short
I shorted NFLX at 116 and covered at 110. Crude oil looks good for a short now. ACI probably has a lot more downside too. I'm still watching nat gas after this triangle formation. It's really boring and doesn't seem to want to go anywhere. I cancelled my stop order to short nat gas.
Monday, August 31, 2015
Monday 31st
I looked through about 40 oil and gas stocks charts looking for ones bottoming out. I wasn't crazy about any setups. REXX looks like it could run this week. Others are either looking overbought already or not bottoming even with oil up 19% in 3 days. They're just messy. The exception is one or two below I will be watching. Oil itself looks like the better vehicle. Enough on that. This natural gas trust HGT probably had the best technicals. It has a 15% dividend yield to.
I usually don't pay much attention to large and mega-cap stocks but with the volatility and clean charts I'm watching NFLX and AMZN. They're both a trading range breakdown that is testing the bottom of the trading range. Technically they should go lower from here. I like these short biased. Here's Amazon AMZN below. Testing that red line of range support and not much buy volume below on this rebound. It's very weak at the moment. Overbought on RSI 2 is just a confirmation of the range test.
Next is NFLX. Same thing.
Next is a great short setup with ACI. The picture says a thousand words. From $1 a share to $8 and going. Sure it was probably undervalued at $1 but it will fall at some point this week. Maybe Monday. Upper Bollinger band shows it is way above it in the second pick below.
MPO and EOX are momo watches to.
I usually don't pay much attention to large and mega-cap stocks but with the volatility and clean charts I'm watching NFLX and AMZN. They're both a trading range breakdown that is testing the bottom of the trading range. Technically they should go lower from here. I like these short biased. Here's Amazon AMZN below. Testing that red line of range support and not much buy volume below on this rebound. It's very weak at the moment. Overbought on RSI 2 is just a confirmation of the range test.
Next is NFLX. Same thing.
Next is a great short setup with ACI. The picture says a thousand words. From $1 a share to $8 and going. Sure it was probably undervalued at $1 but it will fall at some point this week. Maybe Monday. Upper Bollinger band shows it is way above it in the second pick below.
MPO and EOX are momo watches to.
Sunday, August 30, 2015
Watchlist Coming
We got the follow through in crude oil I talked about Thursday. Oil had another run day Friday. Just looking at the S&P 500, Dow and Nasdaq it looks like a bear flag.
I'm going to run through a lot of scans as always this weekend. I will have a watchlist up before the US market opens on Monday. If you check the site for watchlists check in 9am to 9:30am eastern US roughly. Same for any other day during the week. If you get emails I'm not sure if there is a lag or not. There is usually a slight lag for me. If I don't see anything good enough for a setup I don't post anything here or on Twitter. Sometimes the setups all come at once, I have to much going on or I notice things during market hours. In that case I always have posted them on my Twitter .
I'm going to run through a lot of scans as always this weekend. I will have a watchlist up before the US market opens on Monday. If you check the site for watchlists check in 9am to 9:30am eastern US roughly. Same for any other day during the week. If you get emails I'm not sure if there is a lag or not. There is usually a slight lag for me. If I don't see anything good enough for a setup I don't post anything here or on Twitter. Sometimes the setups all come at once, I have to much going on or I notice things during market hours. In that case I always have posted them on my Twitter .
Friday, August 28, 2015
Oil, Nat Gas, THLD
I had a stop order out there to cover my THLD short. I assume it triggered as Tradeking is totally shut down currently because of some malfunction in a data center. Tradeking recently acquired MB Trading and they are merging everything to tradeking. If the order filled I will have a realized small profit on THLD.
There is a long setup on crude oil after this spike day. A wide ranging day like today up 10% should get some follow through. I'm not longing it until it breaks out again though. Looks real promising. Conversely natural gas is one of the weirdest commodities. It has been perfectly immune to everything going on the past week. It's still range-bound and just hovering around support. I put a buy stop order to short UNG with DGAZ the other day. It is pennies away from triggering. The chart says short still.
The major indices are doing a bullish engulf off the lows. The rebound is very strong and could continue for awhile.
There is a long setup on crude oil after this spike day. A wide ranging day like today up 10% should get some follow through. I'm not longing it until it breaks out again though. Looks real promising. Conversely natural gas is one of the weirdest commodities. It has been perfectly immune to everything going on the past week. It's still range-bound and just hovering around support. I put a buy stop order to short UNG with DGAZ the other day. It is pennies away from triggering. The chart says short still.
The major indices are doing a bullish engulf off the lows. The rebound is very strong and could continue for awhile.
Monday, August 24, 2015
Wild Monday Results
I sold YANG and SMN. My latest trade results are
YANG 28%
SMN 16%
THLD still short up 6% right now
Shanghai basically crashed in the Chinese trading session so by early Monday morning my YANG was up over 20%. I was up about 7% at the end of Friday. While most investors and amateur traders were panicking over their long positions held over the weekend I was only worried about making sure I got a great exit on my short ETF's.
Seeing how volatile the US futures were pre-market and how Asia had traded I was about sure we would hit Circuit Breakers on the exchanges. SPY was very very jiggy in premarket around support. The bid and ask were flipping and going nutz. So fast. I remember clearly trading back in 2008 and how just a 7% drop on the whole market triggers a stop on the exchange for 15 minutes. I really hate it and it just causes more fear and chaos going against its supposed purpose. I mean look at how stupid they have been in China the past month with theirs.
I traded both of these ETF's in my Fidelity account. I have never had any trouble with fills with them in the short time I've been using them. I also have a Tradeking account. Fidelity was horrible Monday morning with both my orders. They never showed up as processing or anything. They disappeared for atleast 15 to 20 minutes! I couldn't even get a second order in because there was a conflict with the ghost orders I had just placed. So I could do nothing but watch as everything rallied after the open!
I actually had to pick up the phone and call Fidelity to try to liquidate these positions. After being on hold for 5 minutes all of a sudden the orders finally showed up on their site!! For their sake I really hope it had something to do with the circuit breakers stoppage that triggered after the open. I will just stick with Tradeking for trading for now while the VIX is so high.
YANG 28%
SMN 16%
THLD still short up 6% right now
Shanghai basically crashed in the Chinese trading session so by early Monday morning my YANG was up over 20%. I was up about 7% at the end of Friday. While most investors and amateur traders were panicking over their long positions held over the weekend I was only worried about making sure I got a great exit on my short ETF's.
Seeing how volatile the US futures were pre-market and how Asia had traded I was about sure we would hit Circuit Breakers on the exchanges. SPY was very very jiggy in premarket around support. The bid and ask were flipping and going nutz. So fast. I remember clearly trading back in 2008 and how just a 7% drop on the whole market triggers a stop on the exchange for 15 minutes. I really hate it and it just causes more fear and chaos going against its supposed purpose. I mean look at how stupid they have been in China the past month with theirs.
I traded both of these ETF's in my Fidelity account. I have never had any trouble with fills with them in the short time I've been using them. I also have a Tradeking account. Fidelity was horrible Monday morning with both my orders. They never showed up as processing or anything. They disappeared for atleast 15 to 20 minutes! I couldn't even get a second order in because there was a conflict with the ghost orders I had just placed. So I could do nothing but watch as everything rallied after the open!
I actually had to pick up the phone and call Fidelity to try to liquidate these positions. After being on hold for 5 minutes all of a sudden the orders finally showed up on their site!! For their sake I really hope it had something to do with the circuit breakers stoppage that triggered after the open. I will just stick with Tradeking for trading for now while the VIX is so high.
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