roxythetradermage

roxythetradermage Updated 

The last week has looked horrendous for shares of Duke Energy (DUK) and the same is true for many other utilities. It seems that every day it just gets sold more, and it has ended up down 10% for the week. This is especially severe since utilities are supposed to be one of the most defensive options - typically these stocks see low volatility and low growth. As...

roxythetradermage Updated 

Utilities are basically yesterday's tech stocks. In the late 1800s, the stock market ditched railroads and moved on - to utilities. In fact, there was a time where speculation ran rampant and panics were set off based on the movement of utility stocks. Today, utilities are the opposite of tech stocks. They are basically the most consistent and boring stocks you...

roxythetradermage

Even before the latest bull run began in March of this year, people have been falling over themselves to go short on the move. Now, it looks like that could finally be justified. On a surface level, the market is obviously overextended. It has generally gone up too far, too fast, and the respective indicators show this as well. Some believe that this is a good...

roxythetradermage Updated 

As compelling as the recent drug breakthrough may have been, it seems to have opened up an opportunity - time to short LLY stock? Healthcare has shown a lot of strength in general this year, but has lately shown it can move independently of the market. For instance, during the August rally, it declined significantly. However, in this September slowdown, it has...

roxythetradermage Updated 

I have done a lot of research over this past week. Almost everyone is extremely bearish about stocks / assets in general. Pretty much any indicator of sentiment that you look at indicates panic. In fact, we seem to have reached a record for fear levels. In the 2008 financial crisis, there were frequent news reports about the housing slowdown by 2006. It was a...

roxythetradermage

Lately, natural gas has gone up in value a bit despite declining in value almost continuously for the past six months. This has people wondering whether or not there is further upside. It is important to remember that most of the natural gas volume is from institutional traders of whatever type, but retail does have a part in the market as well. As soon as a few...

roxythetradermage

This is just a short note, but I was surprised to see WM near these levels. Other consumer defensive stocks have lately been reasonably strong, and through 2022 WM was one of the most resilient stocks. The fact that it is still around these levels is sort of concerning. The market is busy going up. This is supposed to be a quality name, but instead it has sort of...

roxythetradermage

About a month ago, everything had turned around for Tesla. The company was being mercilessly mocked as wave after wave of bad news came out & the selling pushed prices down further and further. However, it was not to last. Now, after that (apparently) temporary scare, we are all the way back near $200. In 2021, I did not like Tesla very much. The reason was...

roxythetradermage

Natural gas has been even more wild than usual. There is "only" about a 30 year history to go off of to look at this commodity. Even so, we have actually had a few notable firsts. The 2022 rally was one of the most violent in history. It went from a 2020 low near $1.50 to $9 in May 2022. In percentage terms, it was not quite as good as in 2002-03, where...

roxythetradermage Updated 

The S&P 500 is probably the most accurate broader stock market index that you can use for trading, which is why I am taking a look at the most used S&P ETF. Today was unexpected and insane, much like the midterm elections. The tech underperformance has been turned around (will it last?) with a +7% gain on the Nasdaq outweighing a +3.5% on the Dow. The S&P was in...

roxythetradermage

The past set of trading days has been horrendous for the value of natural gas. I posted an earlier idea that suggested natural gas would rally before bowing to the overall negative trend. It opted to instead decline further. Right now we are at the key $5 level. If you go back on the chart (it hasn't been to this level for a while,) this level serves as major...

roxythetradermage

For the last few weeks, NG has been consolidating as the other financial markets move all over the place. The bearish head & shoulders pattern from June/August may not apply anymore due to the flattening. In previous natural gas declines (like late 2005-early 06) it would decline quickly and sharply after showing this sort of pattern. This does not look anything...