18Jan10:06 amEST

Masquerading Market

This market has been masquerading as various beasts for a while now, be it the horrifyingly epic December market on the cusp of a 1929-style crash, or the one-way drift we have seen of late on the indices even if the action below the surface remains mixed. To be sure, seeing the indices up again this morning, led by the Dow considerably...

17Jan11:07 amEST

Still Chugging Along

Despite multiple opportunities for the broad market to roll back over from an obvious confluence of potential resistance levels (the 50-day simple moving average on virtually all of the major index charts, retracing up to range from late-last year from which we broke down in December, the big, rough 2,600 level on the S&P 500 Index, etc.), the...

16Jan3:56 pmEST

Back to Boring or Back in the Trap?

The indices seem to be plodding along here, with nary a worry about BREXIT developments, U.S. government shutdown, running directly into potentially devastation overhead resistance, nor some initially weak bank earnings. Indeed, the low volatility grind higher is reminiscent much more of a smooth bull market than a sloppy, violent bear--Unless,...

16Jan10:58 amEST

Time for Tech and MedTech to Back Up Their Big Talk

As we know, the relief rally since Christmas has largely centered around software strength as well as some M&A deals in biotechnology and overall strength in quite a few segments of healthcare and medical technology (medtech).  At the moment, we have both the QQQ (large cap tech) and IWM (small caps) back above their 50-day simple moving...

15Jan5:08 pmEST

Stock Market Recap 01/15/19 {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...

15Jan3:24 pmEST

War Games

Lost in the shuffle of the strength in software and medical technology is the resurgent uranium miner, Cameco.  On the updated daily chart, below, it is hard to quarrel with anything from a technical standpoint. CCJ is printing multi-month highs today on surging buy volume (bottom pane of chart). It is always a knee-jerk reaction to think of...

15Jan10:55 amEST

Adding Flavor to a Salty Market

Despite glaring underperformance by the small caps in the IWM ETF early on, quite a few tech stocks are bouncing back nicely from some really drubbings yesterday. PLAN, for example, a late-2018 IPO in the hot software space, sold off harshly into the bell on Monday but is managing a more-than-respectable 6% bounce-back as I write this.  Still,...

14Jan3:57 pmEST

That's a Long Island for Ya

Be sure to check out the full Member video recap tonight for a follow-up discussion on natural gas and its ETF regarding the "island bottom" formation featured on the daily chart, updated below. 

14Jan11:01 amEST

It'll Do Until the Mess Gets Here

Opening weakness in equities is being chalked up to a variety of causes, be it the government shutdown dragging on, poor overnight China data, or underwhelming earnings thus far into a brand new reporting season.  Regardless of the actual proximate cause, though, the nature of the selling this morning is not yet violent enough to anticipate a...

13Jan2:58 pmEST

Weekend Overview and Analysis 01/13/19 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend 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.  Please click here  for more...

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