Winning the Battle But Losing the War

15May12:20 pmEST

Navigating the Island of Rates

With TLT finally catching some type of bounce which appears to be holding, we can see the fade in regional banks. On the weekly chart of the KRE, regional banking ETF, elbow, note the weekly candlestick forming, pending today's close. The long shadow at the top of the candle signifies sellers presenting themselves above the key $42 level. ...

15May10:16 amEST

Forest for the Trees Perspective

NFLX is gapping up to fresh highs this morning on talks of taking its content to China. However, other leaders like GOOGL are soft on the open. Regarding the earnings gaps I discussed in last night's video as a day-trade setup, the KING gap lower found some initial scalpers at the open off oversold conditions. LOCO may still attract buyers,...

14May5:07 pmEST

Stock Market Recap 05/14/15 {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...

14May2:13 pmEST

Wheat and Water

With the U.S. Dollar continuing to weaken today, it is interesting to see which commodities are responding well and which are not. Crude oil is suspiciously soft, while wheat, for example, is surging. On the WEAT fund daily chart, first below, note the relatively thinly-traded instrument pushing the highs of the session up and out of the...

14May11:27 amEST

Getting on the Level

On the Russell 2000 Index ETF 30-minute chart, below, note how the $123.30 level we have been observing throughout May continues to assert itself as a significant one. With today's rally in the market, bulls figure to make a go at soundly reclaiming it this afternoon. Failure to do likely means more of the same pre-summer trading chop.

14May10:13 amEST

Don't Hate the Fader; Hate the Game

In the face universal calls to fade the rally in precious metals and miners yesterday, silver is gapping higher for the second consecutive session free and clear above its upper daily chart Bollinger Band, seen below. Bollinger Bands are useful technical indicators for measuring, among other factors, relative short-term tops (price hitting or...

13May4:58 pmEST

Stock Market Recap 05/13/15 {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...

13May2:46 pmEST

An Epiphany Draws Near

Treasuries are trading more closely to the spirit of equities than they have in a while, with today's downside reversal in TLT coinciding with rate-sensitive sectors like IYR XLU flipping red, too. TLT has marginally taken out yesterday's lows, a place where buyers assumed the usual snapback rally would materialize. As "summer trading"...

13May12:06 pmEST

Looking Good High Up

Many a rally in the precious metals and mining complex has been faded for a good while now. So with this morning's gap up across the board in that sector, the easiest thing to do would at least be a bit skeptical of the sustainability of the move. Nonetheless, that may be precisely the grounds and market sentiment for a true breakout. And an...

13May10:25 amEST

Winning the Battle But Losing the War

Even though DuPont defeated Nelson Peltz in Peltz's campaign to become more activist and land seats on the Dow component and chemical titan's board, the market is not responding as though DuPont has just snagged a major victory. In fact, observing the chart of the stock since late-2012, the Peltz defeat could, ironically, prove to be a...