Daily Archives: December 12, 2021

Showing articles 1 - 4 (4 total)

29Nov3:37 pmEST

Stock Market Recap 11/29/16 {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...

29Nov3:36 pmEST

Oil's Big Day Tomorrow

Stocks are broadly coasting into the bell here, as the impressive resilience early in the session gave way to apathy and aloof attitudes by traders in the afternoon. Overall, the market is still giving the look of a contained consolidation, thus far.  However, the back half of this week presents a few events we need to monitor, especially in...

29Nov1:29 pmEST

More Signs of Rotation

Even within sectors, such as the steels and materials miners, mostly in the XME ETF, we are seeing signs of money circling around as opposed to fleeing equities outright.  Specially, several extended steels like AKS X are pausing this week, as is monster winning materials miner, TCK (first daily chart, below). Note TCK's reversal candle...

29Nov10:48 amEST

A Tough Fit

The MNK earnings sell-off and NVLS's 55% haircut this morning are not particularly helpful for the bull case in healthcare and biotechnology stocks, on the surface. To be sure, placing all of those stocks in the aforementioned sectors into the bullish basket is a tough fit, at best, or even downright wishful thinking.  However, there are...

 
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