More Musical Chairs

20May12:46 pmEST

With This Market, You'll Need a Certain Zen

The day-to-day whipsaw continues for equities, as bulls seize back the initiative today even if more work is ahead of them next week into the Memorial Day weekend. For now, we are focusing on some special situations seemingly obvious to the chop, as well as to the Dollar, which I will update for Members in my regular Midday Video coming up....

20May10:42 amEST

These Freedom Fries Don't Run

As has been the theme of recent blog posts regarding the U.S. Dollar, even though miners stages an explosive rally in the winter and spring months we need not get carried away assuming the greenback will meet its demise in a straight line to the downside. And then there is also the issue that King Dollar has just staged a bear trap for the...

19May4:36 pmEST

Stock Market Recap 05/19/16 {Video}

The following video is a brief, condensed version of the Stock Market Recap which I present each evening to members of Market Chess Subscription Services. In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. If you enjoy my videos and blog posts, then please...

19May3:38 pmEST

RS Stands for Relative Strength

Into this most recent consolidation for miners and steels, what we like to do for Members is to point out an update group of names holding up well, or exuding relative strength. Reliance Steel is easy to remember, then, a name we had previously noted as being not far from its prior 2008 highs (which is a claim very, very few global miners or...

19May1:14 pmEST

More Celebration for Shorties in This Sector

The main sector in the broad market we have abhorred, going back a good while, has been solar. Simply put, the technicals in the TAN, solar sector ETF, have been undesirable for as far back as it can be recalled. And, more importantly, the continuos risk of individual solars blowing up, so to speak, has not yet abated. SUNE is one such example,...

19May10:47 amEST

A Controversial Strategy

Charting the VIX and its derivative products is kind of like being a vegan these days--Some proudly do it and see the justification for it...and some proudly mock those who do it. The competing arguments for charting the VIX and its ETF products are such that, on the one hand, the VIX is several times removed from equities, for example (the...

18May4:47 pmEST

Stock Market Recap 05/18/16 {Video}

The following video is a brief, condensed version of the Stock Market Recap which I present each evening to members of Market Chess Subscription Services. In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. If you enjoy my videos and blog posts, then please...

18May3:48 pmEST

The Almighty King

As we have been profiling for a while now, the U.S. Dollar is not dying an easy death, so to speak. With the greenback bouncing back sharply, commodities are finally taking it on the chin for a well-deserved correction--The issue is if and when they find buyers again, after a great couple of months. But when it comes to King Dollar, the...

18May1:00 pmEST

Minutemen Strategic Positioning

In front of the Fed Minutes coming out after 2pm EST today, from the last FOMC meeting, some interesting positioning is taking shape. Financials continue to snap back hard, while Treasuries are seeing their heaviest day of selling in a good while. Banks have been laggards, on and off, with prominent firms like GS and WFC suspiciously weak....

18May11:03 amEST

More Musical Chairs

The daily rotation attempts below the market's surface continue to play out today, with a game of musical chairs seeming like the most appropriate analogy to the current market environment. On a day-to-day basis, a given sector like the financials or biotechs may lag, only to them pick up the slack and lead higher like they are today. This type...