Trades in 60 Seconds for week of 10/27/2014


$CVLT $DUK $GLF $MACK $MJN $NKE $P $PANW $SO $SWN $UTEK

The market’s daily chop, decline and “V” have made short work of shorter time frame traders who were overexposed or didn’t size and time in their favor. Utilities ($DUK $SO) come out on top, consumer related plays ($NKE $MJN) continue to climb (We need to feed the kids and run to work) and depending on where your tech business is, you’re either riding high like $PANW or continue to break like $CVLT (which plays out in oversimplified terms as “Security” beats “backups”. Price followers doing a long/short pair trade of over the last 12 months would have felt like geniuses). $SWN and $GLF show how little esteem energy has at the moment, so much for the super-spike of 2008. $P would be appealing only to investors tone-deaf to price action.

CVLT_102714

short 45, stop 52.1

DUK_102714

long 80.3, stop 75.4

GLF_102714

short 28, stop 34.7

MACK_102714

long 9.3, stop 6.1

MNJ_102714

long 103.3, stop 91.4

NKE_102714

long 90.9, stop 83.8

P_102714

short 20, stop 24.9

PANW_102714

long 108, stop 88.1

SO_102714

long 47.4, stop 43.5

SWN_102714

stop 31.6, stop 37.1

UTEK_102714

short 17.7, stop 21.8

Futures/Macro update for week of 10/20/14: it’s easy as ABC or $FXA $FXB $FXC + $IWM

The USD rally has hit everything… else, including in recent weeks.Using the same weekly price bar time frame and methodology, find below the stock market version, since most traders out there are stock traders. $FXA $FXB $FXC or $6A_F $6B_F $6C_F $AUDUSD $GBPUSD $USDCAD

FXC_102014

short 87.6, stop 90.9

FXB_102014

short 158.1, stop 161.5

FXA_102014

short 88.1, stop 90.5

6C_102014

6B_F_102014

6A_102014

and “bonus” chart and sell idea $IWM and/or Russell 2000 futures
IWM_102014

short 107.4, stop 116.1

RJZ14_russell2K_102014

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Ninety percent of US families are no wealthier than they were in 1986

Originally posted on Quartz:

The long-simmering issue of economic inequality in the US got moved to the front burner yesterday, with Federal Reserve head Janet Yellen noting in a speech that the effects of income and wealth disparity “greatly concern” her.

One key distinction in the debate is whether economic inequality is transient or permanent. Rising income inequality may be a temporary phenomenon, where skilled people earn high compensation without permanently distorting the distribution of wealth in the economy. But economists like Thomas Piketty worry that these super high-earners could catalyze a cycle of accelerating inequality.

Now, a working paper released this month by Gabriel Zucman and Emmanuel Saez (economists at the London School of Economics and the University of California, Berkeley, respectively) shows that growing income inequality is fueling a commensurate disparity in total wealth. The two economists used tax data to build the most complete picture to date of US wealth. Their findings are…

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Trades in 60 Seconds: SELLING $AGU $ABX $MOS $MDRX $AU $GES $MAT $OMI $CPA $TS

$AGU $ABX $MOS $MDRX $AU $GES $MAT $OMI $CPA $TS

This is a fascinating list, following last week’s 60 Seconds list. Usually I filter the list for volumes, highest high, lowest low, etc and give you tidbits for a 60 second slide show. There are NO highs here to speak of, no new longs from this filter, for trade price, high, trading volume and trading volume averages. That being said, there aren’t many new lows on this list, most of the “damage” was done in past weeks already.

The market has been selling off for weeks, with fewer and fewer leaders, for those of you who look at metrics like New Highs minus New Lows (aka “NH-NL”), and small caps were long gone, as have all “inflation” plays, and bonds are back. Energy is characterized as “oversold” in a time when you have warfare and strife in EVERY country known for energy, and yet oil sold off week after week during the recent quarter. The “discounting mechanism” within and the “forward looking” aspect of the market is saying “SELL”.

Short-time frame traders will be looking for swings and “bottoms’. Not my system or time frame on a consistent basis. There will be occasional punts but I wouldn’t rely upon it for my bread & butter trade approach.

ABX_101714

short 134, stop 15.3

AGU_101714

short 82.8, stop 90.2

AU_101714

short 10, stop 14

CPA_101714

short 97.9, stop 111.2

GES_101714

short 20, stop 22.3

MAT_101714

short 28.7, stop 31.9

MDRX_101714

short 12.8, stop 14.2

MOS_101714

short 40.8, stop 44.2

OMI_101714

short 31.7, stop 33.1

TS_101714

short 38, stop 43

A “sea” of red for the week 10/13/14: $XHB $TOL $GT $EMR $COG $UTX $HOG $BHP


$XHB $TOL $GT $EMR $COG $UTX $HOG $BHP $GM $ROK $ABX $TEX $MUR $CMI $DNR $MAN $CHK GSK $ETN $VEA $XME $EFA $VGK $HYG $JNK $GPOR $CNX $EWG $SDRL $RIG
A sea of red, plain and simple, and I present ideas which made it through filters for new lows, volume and USD trade volume. Overall, you’re either in cash, building “shopping lists”, trading bearish option positions, short stock, or just losing money. Presented below is a mere sample of the recent decline in prices, filtering with weekly price bars, for above average trading volumes, and avoiding $10 dollar lows. Plenty to go around for those short, or taking bets on 200 day averages being broken but also a potential shopping list for those looking for “bottoms” and seeking “cheap” premiums for those inclined to get long via calls, either as bet takers or premium collectors on naked calls. I am a systemic price follower, this is a short list and a call otherwise to stay in cash if I’m not “net” short.

xhb_101114

XHB entry 28.6, stop 30.5

tol_101314

TOL short 30.4, stop 32.7

gt_101114

GT short 20, stop 22.3

emr_101114

EMR short 59.4, stop 63.3

cog_101114

COG short 29.3, stop 32.8

utx_101114

UTX short 99.9, stop 106.3

hog_101114

HOG short 56, stop 60.2

bhp_101114

BHP short 55.7, stop 61

gm_101114

GM short 30.3, stop 33.7

rok_101114

ROK short 100.5, stop 109.2

tex_101114

TEX short 27.3, stop 31.6

mur_101114

MUR short 53.1, stop 57.7

dnr_101114

DNR short 12.7, stop 14.2

man_101114

MAN short 61.6, stop 67.9

chk_101114

CHK short 19, stop 21.7

gsk_101114

GSK short 44, stop 46

etn_101114

ETN short 58.9, stop 64.1

vea_101114

VEA short 37.4, stop 39.1

xme_101114

XME short 32, stop 36

efa_101114

EFA short 60.3, stop 63.2

hyg_101114

HYG short 90.6, stop 92.5

vgK_101114

VGK short 51.7, 53.4

JNK_101114

JNK short 39.5, stop 40.2

gpor_101114

GPOR short 44.5, stop 54.9

cnx_101114

CNX short 32.5, stop 36

ewg_101114

EWG short 25.7, stop 27.3

sdrl_101114

SDRL short 22.8, stop 27.1

rig_101114

RIG short 28.7, stop 33.2

Longs for week 10/13/14 even in a “sea” of new lows: $COST $INFY $PEP $ROST

Even amidst a sea of mostly new lows and new “shorts”, there were a few things that made it through price and volume filters on a weekly price basis: $ROST $PEP $COST $INFY

ROST_101014

long 77.5,stop 72.7

INFY_101014

long 62.8, stop 58

COST_101014

long 128.9, stop 122.9

PEP_101014

long 94.6, stop 90.4

Futures Charts for week of 10/06/2014 $AUDUSD $USDCAD $CL_F $6A_F $6C_F $FXA $FXC $USO

With weekly price charts, systemic price following traders will miss out on the initial “breakout” as the US Dollar rally took down the entire commodity and USD-denominated complex of futures prices. Silver, the yen, the euro have been sells and Gold and oil have joined in during the past 4 to 6 weeks. Coffee is the one glaring exception, which in a way underlines the very real strength in that trend. In this post, the Australian dollar, under my filters has been a sell and this week marks an all-clear to sell/short, same for the Canadian dollar. Suggested stops are about 3cents for the Aussie and Loonie. The suggested stop for West Texas Intermediate Crude futures is about 96 to 97 dollars a barrel (or about 36.25 for $USO etf, assuming a 33.7 short entry).

6C_100414

CL_100414

A6_100414

Additional “short” ideas for week beg. 10/06/2014 $CIEN $VALE $CBS $VIAB $GM $MBT $AFL $OII $DNR $FLR $TEX $SBGI $MUR $UCO $RSX $ETN $CPA $HYG $EWG $SWN $MAT $SDRL $CBI

Evident from this week’s additional “short”/sell ideas, it boils down to a continuation of the drop in the price of crude oil, raw materials and conversely, the rise in the US dollar.
$CIEN $VALE $CBS $VIAB $GM $MBT $AFL $OII $DNR $FLR $TEX $SBGI $MUR $UCO $RSX $ETN $CPA $HYG $EWG $SWN $MAT $SDRL $CBI

CBI_100414

short 54.4, stop 59.7

RRC_100414

short 66.7, stop 73.1

SDRL_100414

short 24.3, stop 28.2

MAT_100414

short 31.7, stop 34

SWN_100414

short 34.8, stop 38

EWG_100414

short 27, stop 28.1

CPA_100414

short 112, stop 124

ETN_100414

short 63, stop 67

RSX_100414

short 22, stop 24

UCO_100414

short 29.1, stop 33.7

MUR_100414

short 55, stop 59

SBGI_100414

short 25.8, stop 28.5

TEX_100414

short 31.8, stop 34.5

FLR_100414

short 66, stop 70.5

DNR_100414

short 14, stop 15.5

OII_100414

short 62.6, stop 67.7

AFL_100414

short 57.8, stop 60.5

MBT_100414

short 14.7, stop 16.6

GM_100414

short 33.7, stop 36.4

VIAB_100414

short 75, stop 80

CBS_100414

short 53, stop 54.5

IAU_100414

short 11.5, stop 12

VALE_100414

short 11, stop 12.4

CIEN_100414

short 16.5, stop 18.2

Additional “Long” Trade ideas for week beg. 10/06/2014 $BAC $CCI $NKE $GS $ACT $SCHW $MNK $AMGN $NSC $LMT $MO $HBI $ETP $CNQR $BAH $VRTX $FDX

This week’s additional (long) ideas indicated continued potential strength in financials.
$BAC $CCI $NKE $GS $ACT $SCHW $MNK $AMGN $NSC $LMT $MO $HBI $ETP $CNQR $BAH $VRTX $FDX

FDX_100414

long 162.7, stop 152.3

VRTX_100414

long 108.5, stop 92

BAH_100414

long 24.7, stop 22.8

CNQR_100414

long 127, stop 118.7

ETP_100414

long 65.7, stop 60.9

VDSI

long 20, stop 16

HBI_100414

long 111.1, stop 103.2

MO_101414

long 46.1, stop 43.8

LMT_100414

long 178, stop 168.4

AMGN_100414

long 139, stop 129.4

MNK_100414

long 92.9, stop 85.8

SCHW_100414

long 29.5, stop 27.2

GS_100414

long 188,stop 176.5

NKE_100614

long 90.3, stop 83.4

CCI_100614

long 81.2, stop 76.7

BAC_100614

long 17.3, stop 16.4

Trades in 60 Seconds for week of 10/6/2014: from $ABX to $ZTS


$PANW $UUP $ZTS $CP $KSU $GLD $IAU $BTU $BHP $ABX $SYT $SLV $NE $ESV $RIG
An early look at this past week’s high flyers and deep decliners reveals the power of recent trends in raw materials and the U.S. Dollar. Weekly price bars, with volume filters, indicates trends that emerged in late summer have persisted. Is it “oversold”? According to conventional measures, then the answer is “sure looks like it” but shorter time-frame traders have to deal with that. Price followers with a judicious application of risk-management and a longer time frame may well consider riding these trends. See immediately below for potential “stop exits” to offer a suggested risk cost per idea as well as other trading ideas.

$PANW
entry 101.2, stop 85.7

$UUP
entry 23, stop 22.6

$CP
entry 214.6, stop 204.7

$KSU
entry 122, stop 112

$GLD
short 114.6, stop 119.2

$IAU
short 11.5, stop 12

$BTU
short 11.1, stop 12

$BHP
short 57, stop 52.6

$ABX
short 14.1, stop 15.7

$SYT
short 60, stop 63

$SLV
short 16.1, stop 17.3

$NE
short 20.2, stop 23

$ESV
short 38.2, stop 42.1

$RIG
short 30.1, stop 34