In today’s Daily Digest, we’ll review the following:
- No new positions today.
- Adjustment to QQQ position.
- No exits since the last report.
- Current status of open campaigns.
Let’s dig in!
Expert technical analysis of financial markets by JC Parets
In today’s Daily Digest, we’ll review the following:
Let’s dig in!
The bull market is on, baby!
But if we expect it to continue, then we’re going to need to see some rotation into some new sectors to bring fresh cash into the market and keep the wave going.
One sector that my Analysts feel has the potential to pick up the slack is Precious Metals. And the name that Steve Strazza and I discussed on today’s Flow Show has the potential to ride the sector wave as well as play catch up to its big brother Gold.
Here’s a chart of Wheaton Metals Corp $WPM: [Read more…]
In today’s Daily Digest, we’ll review the following:
Let’s dig in!
Programming Note: Enjoy your Fourth of July shenanigans. There will be no new trading in P2P for the rest of this week. Next report will be Monday.
In today’s Daily Digest, we’ll review the following:
Let’s dig in!
File this post in your “Trading Is Hard” file folder.
Back on May 29th, I published a bearish trade idea in Nike $NKE.
Here’s what I said about it:
[$NKE] appears to be hanging on the precipice of a potentially large fall. The company will be announcing earnings [in late June] and I think that might be the final nail in the coffin to send this stock lower (if not sooner).
I don’t know about you, but to me, that chart does not look healthy.
We’re going to enter a bearish bet with defined risk that is counting on earnings making us some money.
One for the good guys! My analysis turned out to be spot on! Here’s what happened in the aftermath of earnings:
Pretty awesome right?
Not so fast. [Read more…]
In today’s Flow Show, Steve Strazza served up the opportunity that is revealing itself in the financials space.
So we looked for some vehicles to express our bullish thesis, while being mindful of upcoming earnings releases that will be kicking of earnings season in less than two weeks.
This is no time to enter trades with undefined risk. But if we can minimize the volatility, it would be best to consider those options.
We think we have just the right idea in Morgan Stanley.
Here’s a one-year chart of $MS: [Read more…]
In today’s Daily Digest, we’ll review the following:
Let’s dig in!
New issue? check
Near all-time highs? check
High Short Interest? check
Today’s trade has all the ingredients for a monster breakout. This of course is no guarantee of a win, but if we’re right, the payoff will be incredibly worth the risk. [Read more…]