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Russell 2000 Index Tracking ETF

Long Volatility, Short XIV

XIV (Inverse VIX Short-term ETN) looks poised for a drop to at least the 96.61ish area on a break below this 60-minute bearish rising wedge pattern (~11% below current levels). Daily & 60-minute charts of XIV followed by the daily chart of the $VIX, unofficial trade idea. This scenario hinges largely on my recently posted [...]

Oct 17, 2017 1:49pm|Categories: Equity Market Analysis|Tags: , , , , |0 Comments

Stock Market & Sector Technical Analysis for 10-16-17

A quick look at some of the key technical levels & developments that I'm monitoring on within the U.S. equity markets. Starting with the 60-minute charts of the broad index tracking ETFs: The momentum in SPY is rapidly diminishing on this most recent thrust to a divergent high. A break below the 253.85ish support will [...]

Stock Market Analysis & Trade Ideas (video)

Technical analysis of the stock market, crude oil as well as several swing trading opportunities that stand out at this time. The following securities are covered in this order: /CL (crude futures), XOP, XLE, NVDA, SOXX, SMH, XSD, CRUS, QCOM, XLP, XBI, SPY, QQQ, & IWM. Playback speed can be increased in the video settings [...]

Stock Market, Sector & Commodity Analysis (video)

This video highlights some of the potential swing trading opportunities that stand out at this time. Covered in the following order are: Crude oil & the energy sector via /CL (crude futures), XLE & XOP gold & the US dollar via /GC (gold futures) & the EUR/USD forex pair various agricultural commodities via /ZW (wheat [...]