Wednesday, March 19, 2014

Sunday, March 2, 2014

Crude Oil Overbought

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Unfavorable winter weather in the US and Europe has been supporting oil prices thus far this year. Oil is not reacting like other risk markets because of the winter and geopolitical tensions in the Middle East & Ukraine. Prices will go lower as temperatures rise, China’s slowdown will compound it even more. READ>>

Brent/WTI Spread Narrows to 4 ½ Month Low link chart

Friday, February 28, 2014

More Upside For BBRY

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ITZ noted the bullish chart back in October:


Now: Daily chart

 Weekly chart:

New Buy: MS

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Financials look good here, lets take a 1/2 position in Morgan Stanley (MS) entry $30.75- add on pullbacks.

Long Direxion ERY

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ITZ has entered the Direxion ETF Daily Energy 3X (ERY) having entered 1/4 position yesterday @ $20.65 & today @ $20.20. ITZ had been long the XLE via ERX entering a 1/2 position on 2/3/14 @ $71 and scaling out @ $84, $86 & $88.

Below is a 60 minute chart of the XLE.

Sunday, February 23, 2014

ITZ Weekend Update 2-23-14

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Follow up to last week's Weekend Update

Andrew Su, CEO at Compass Global Markets, explains why he thinks Wednesday's peak in oil prices are temporary and is expecting prices to recede to $95 a barrel by the end of the first-half.

Saturday, February 15, 2014

ITZ Weekend Update 2-15-14

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ITZ takes a look at the S&P500 & $CPCE; Gold & Silver Wheaton; the energy sector via ERX & crude oil/ SCO.

Gold & SLW link

SLW Price Objective $30

Energy: ERX link  SCO link



Sunday, February 9, 2014

ITZ Open Positions 2-9-14

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Markets rallied this week, even off a lousy Jobs Report.

AAPL Apple has repurchased $14 billion of its stock in the two weeks after its first-quarter financial results and second-quarter revenue outlook disappointed investors. Now testing 100ma.

ERX ITZ re-entered @ $71, reversal of ascending channel.

HIMX  Himax Technologies will report earnings on the 13th.... bank of America raised their PT from $15 to $20

LULU RBC upgraded with a PT of $56

SCO  WTI Crude Oil rallied Friday, testing $100 a barrel. ITZ re-entered Proshares Ultra Short Crude (SCO) LINK

Friday, February 7, 2014

Short WTI: SCO

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ITZ is taking a 1/2 position in Proshares Ultra Short Crude OIl ETF (SCO) @ $21 as crude tests $99