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Is The Sky Falling Again?

That was quite a nasty reversal yesterday afternoon.  I was stopped out of VOYA for a mere 22% gain, after being up more that 30% in the morning.  Shedding some long exposure, I logged in to sell some...

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Bumpy Roads Ahead

Prepare for a frustrating market.  Financial blogger ChessNwine over at IBC does a great job making the bull and bear cases.  I believe we go lower, but will take the path of maximum frustration to get...

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Memorial Day Book Review – Intermarket Analyis And Investing by Michael E.S....

When my copy of Intermarket Analyis And Investing arrived, it looked more like a college textbook.  I had originally planned to breeze through it over a weekend, but it’s heft required me to take it...

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Stop, Collaborate and Listen (Bought $CNX, Sold Half $CPL)

The market has certainly been acting strange lately.  Yesterday’s open, with the Dow up 200+, was painful to my net short portfolio.  Those gains were given back in their entirety this morning.  I sold...

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Top Of The Channel To Ya’!

It’s my birthday so I’ll keep this short.  Here’s the weekly S&P 500 chart dating back to the March, 2009 lows.  ‘Nuff said.

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Why Summers Don’t Pay (At Least For Me)

Despite my recollections of many winning trades in the summer months, my p&l tells a different story.  The sad fact is, in over a decade of investing, I have never had a profitable June or July....

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Bought 1/2 Position $BBRY

Blackberry popped this morning on high volume with no news.  Rumors are that an activist investor may get involved.  I’ve been watching BBRY for some time and the stock may now have a reason to rally....

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$BBRY Up Through Resistance

Here’s a look at the wedge drawn on the daily chart. Now take a look at the up close and personal 30 minute chart.  Price breaks above and settles back to the line. I hope to see this previous...

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Just Along For The Ride

I don’t know why I even bother with the market during June & July.  With my portfolio allocated to 50% cash, 25% long (BBRY, CPL & CNX) and 25% short (TZA & DUST), the account balance...

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Now We Can Bounce

Last night, ES tested the 1600 area lows last probed on June 6th.  They held.  In addition, my favorite measure of risk appetite USD/JPY has completed five waves down and is due for at least a moderate...

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Wait For Clarity

Wow, look at $DUST fly!  I could’ve held on for another day and made an additional 10%!  Besides gold getting crushed, stocks are being punished and interest rates are flying, killing bond holders in...

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Considering Our Likely Range

Take a look at a chart we’ve been using to define our risk for some time.  It’s the parallel channel on the S&P 500 dating back to the March, 2009 lows.  It’s the reason I’ve turned quite cautious...

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More Pain Ahead For Coal?

It is no secret that shares of coal companies have been beaten down in the past two years.  Many coal companies, including Peabody (BTU) ,the largest private coal company in the world, are now probing...

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Are Industrials At A “Do Or Die” Moment?

The charts of many large industrial names are at scary, make or break junctures.  This do or die appearance may be a proxy for the market as a whole.  Either we bounce large and soon, or we risk very...

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The Bull Is Back, For The Moment

Our little bounce that has materialized since Monday morning’s scary drop is beginning to be embraced, thanks in part to bonds finally catching a bid.  I’m still a bit skeptical, as the action so far...

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Bought $NUGT @$4.54

Let’s see if this strength is for real.  Stop entered below yesterday’s low. Disclaimer:  You may lose money buying NUGT

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Kicked In The Gut

I woke up this morning to some most disappointing news.  Blackberry’s horrendous earnings released this morning sent the shares down almost 25% pre-market.  Just yesterday on this site, I was debating...

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Caution Warranted

The S&P 500 is meeting resistance today in two forms.  First is the middle Bollinger band (also the downtrending 20 day moving average), second is the 50 day moving average (red line on the chart...

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Perfect Balance Despite Calamity

As mentioned previously, I was deservedly gutted like a fish during this morning’s BBRY bloodbath.  In a strange turn of events, my NUGT long has more than offset my losses in BBRY, rallying 20% so far...

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Small Caps Gap Filled

I’m usually quite the bull during holiday weeks, but this gap fill caught my attention today. This is the IWM Russell 2000 ETF which just closed the gap created by the June 20 drop.  The RUT chart...

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