Another Reversal Before Takeoff

30Sep1:36 pmEST

An Oktoberfest Truce for Deutsche Bank?

As we noted earlier, the heightened non-financial media exposure to DB over the last twenty-four hours or so reached a crescendo to the point where an imminent swoon became less likely. After all, if everyone is thinking the same, then no one is thinking. That is not to say DB has permanently bottomed, but as we finish the day, week, month,...

30Sep10:45 amEST

Operation Market Garden-Variety Pullback

A morning upside reversal in German bank Deutsche Bank is adding fuel to the broad market's upside rally as we speak. In some respects, the reversal should not have come as too much of a surprise, given the headlines suddenly appearing on non-financial media websites and television shows about the bank and its potential issues. Even if DB...

29Sep3:52 pmEST

Stock Market Recap 09/29/16 {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...

29Sep3:51 pmEST

There's the Rub

Headed into the bell on what has been a wild session, the mega caps in the Dow look rather ominous and perhaps headed towards a major break. But the Nasdaq and small caps balance out the pessimism, with the QQQ ETF still above its 20-day simple moving average. Despite the DB concerns and the Dow swooning 200-points intraday, if bears cannot...

29Sep1:24 pmEST

Back for Another Total DB Move

Bulls were well on their way to a fairly mild day of consolidation this morning, especially in light of yesterday's upside reversal, when Deutsche Bank reared its head again and a sharp intraday sell-off ensued. The Dow suddenly found itself down more than 200 points, and the S&P 500 Index actually breached yesterday's lows. I took the...

29Sep10:49 amEST

This Mime Speaks to Us

Mimecast is a name we have been long inside Market Chess Subscription Services, entering at $16.10 last week and looking for immediate upside. Instead, the stock struggled to reclaim its 20-day moving average and then got hit with a 4 million share, dilutive secondary offering earlier this week in the after hours Monday night. The London-based...

28Sep3:31 pmEST

Stock Market Recap 09/28/16 {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...

28Sep3:27 pmEST

Shunning Them, Then Gunning Them

This afternoon is a pretty good example of how a sharp move in crude oil, off inventory and then the OPEC news, can prove to be the catalyst for rallies throughout all things industrial, materials, and of course energy-related. Indeed, it seems as though a significant group of market players may have found themselves trapped short the energy...

28Sep1:20 pmEST

Rio Tinto Exiting the Tube Northbound

While precious miners are still churning, an interesting theme developing today is the strength in large cap, non-precious global materials miners like Rio Tinto, headquartered in London, England. It is not so much an issue of strength on any given session, since that lend itself too much to randomness and cherry-picking bias. Instead, note...

28Sep10:52 amEST

Another Reversal Before Takeoff

A recurring theme which we have seen for the broad market has been the last-minute reticence of buyers to fully capitalize on having shorts on the ropes. Without question, buyers have presented themselves down below, just when it appears that support would be lost and a deeper market pullback would be inevitable. However, the upper end of the...