Daily Archives: April 4, 2024

Showing articles 1 - 4 (4 total)

31Aug5:10 pmEST

Stock Market Recap 08/31/15 {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...

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31Aug2:55 pmEST

Black Gold Rally in Spades Aligning Smartly

Into this rally in crude oil today, which smacks of a contention of a painful short squeeze to punish latecomer and cocky shorts, the updated USO ETF daily chart, below, sees price up to a confluence of significant technical levels.  USO is now short-term overbought, at the upper Bollinger Band, which basically runs into the declining 50-day...

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31Aug12:24 pmEST

Coming to a Point

With crude oil and energy stocks reversing back up, bulls are pointing there as well as to the small cap outperformance this morning as reasons the market can sustain another move higher. On the 30-minute chart of the IWM, ETF of the small caps int he Russell 2000 Index, below, note that price has reached the apex or likely tipping point of the...

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31Aug10:33 amEST

Signs of Life from a Deserted Area of Wall Street

The price action in coal miners ACI and BTU has been something to behold in recent sessions. Amid bankruptcies in the coal sector, Arch and Peabody have displayed clear signs of potentially emerging as the survivors with increased market share.  The rally in ACI, in particular, has the hallmarks of being a "lockout rally," a concept we have...

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