Unofficial trade ideas are trade ideas that may or may not list specific stops & exact price targets and may or may not be followed up with. Unofficial trade ideas will only be moved to the Active and Completed Trade categories if they are first published as being recategorized as an official trade idea.

SIRI (Sirius XM) Poised for a Correction

Member @getlucky asked for my thoughts on SIRI (Sirius XM Holdings) in the trading room. As the charts seem pretty clear as to the next major trend in the stock, which I might also add as an official trade idea soon, I figured that I would share my reply here on the front page for all to see. Minor zigs & zags aside, it appears to me that SIRI is poised for a correction down to the 5.75-5.80 area, about 12-13% below current levels, with a sell signal to come on an impulsive breakdown and/or close below this bearish rising wedge [...]

Mar 12, 2018 4:43pm|Categories: Unofficial Short Ideas|Tags: |0 Comments

Technical Analysis on Commodity ETNs (video)

A comprehensive video covering the outlook for numerous hard & soft commodities via 20 commodity ETNs & ETFs, including both hard & soft commodities along with various agricultural commodity ETNs. Due to the unusually large amount of trade ideas covered, this video runs longer than normal. As such, for those looking to skip ahead to the analysis of any particular commodity, the following ETNs/ETFs are covered in this order: NIB (cocoa), CUT (timber), WOOD (timber), UNG (natural gas), BAL (cotton), UGA (gasoline), JJC (copper), USO (crude products), OIL (crude oil), SOYB (soybeans), COW (livestock), DBA (various agricultural commodities), CORN (corn), CANE [...]

Semiconductor Sector Analysis (video)

Technical analysis of the semiconductor sector via SOXX & the leading semiconductors stocks as well as the leading chip equipment & materials stocks providing both the near-term as well as the longer-term outlook for the sector as well as the leading semiconductor stocks. The following ETF & stocks are covered in this order: SOXX, ASML, AMAT, LRCX, KLAC, OLED, IPGP, TER, TSM, INTC, NVDA, TXN, QCOM & AVGO.

Jan 26, 2018 12:30pm|Categories: Unofficial Short Ideas|Tags: , , , , , , , , , , , , , |0 Comments

ITB & Homebuilding Sector Analysis (video)

Technical analysis on ITB (Home Construction ETF) along with 14 of my top trade ideas in the homebuilding & construction sector. The following ETF & stocks are covered in this order: ITB, SHW, DHI, NVR, OC, LEN, PHM, LII, TOL, CAA, KBH, TPH, MTH, LGIH & MHO. Playback speed can be increased in the settings to reduce the duration of the video

Jan 25, 2018 12:42pm|Categories: Unofficial Short Ideas|Tags: , , , , , , , , , , , , , , |0 Comments

AAPL Approaching Trendline Support

AAPL (Apple Inc.), the largest component of both the Nasdaq 100 & the S&P 500 has been lagging behind the broad market in recent days. More importantly, the stock is approaching the apex of this bearish rising wedge pattern, complete with negative divergences on the momentum indicators. With the stock scheduled to report earnings after the market close one week from today, I doubt that we'll see any major fireworks in Apple before then & even if the stock were to trade below this primary uptrend line, positioning in front of earnings on a stock with a history of fairly large [...]

Automakers Setting Up for a Swing Trade

One of the sectors that I'm closing monitoring for a potentially lucrative swing shorting opp are the major automakers. U.S auto manufacturers collectively reported lower U.S. sales in December, with total sales for 2017 falling shy of the record set in 2016 and representing the first annual decline since the financial crisis eight years ago. Auto Sales Jan 18th With sales of autos & light trucks hovering at the high-end of the historic range for the last several years & reliability of new cars continuing to improve, it is hard to argue that there is or will soon be [...]