You'll Want a Front Row Seat to This Summer Movie

03Jun12:12 pmEST

As We Approach D-Day...

Equities are fading off their highs into the New York much hour, as the selling pressure in the bond market picks up. I retain about half of my TBT long (the ultra-Short Treasuries ETF) to play the bearish side of bonds. But the larger issue may be the hesitation equities are showing at breaking out just when it appears bulls are back in full...

03Jun10:09 amEST

Leaving the Dock for Summer

Facebook is part of the buzz in the market this morning. But, observing the first daily chart, below, the stock still likely needs to at least close and hold over $82 for a summer breakout to fresh highs. The stock has had numerous chances to break lower in recent months, but bulls defended when they had to. Elsewhere, names like LNKD TWTR are...

02Jun5:17 pmEST

Stock Market Recap 06/02/15 {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...

02Jun3:08 pmEST

Now it Can Do Whatever it Wants

First Solar is a short idea we have been noting inside Market Chess Subscription Services for a while now, with the stock "leaning down" against well-defined support and eventually filling its gap below. Now that we have seen the gap-fill, though, it is anyone's guess as to what happens next. Savvy shorts have likely covered part or all of...

02Jun12:31 pmEST

Mind the Correlated Paths

Just as quickly as the U.S. Dollar's rally yesterday seems to throw a wet blanket on many commodities, today the greenback's weakness down below the highlighted bull flag (on the daily chart of the Dollar ETF) could easily be galvanizing buyers in those same commodities. Specifically, crude oil is near the highs of the session as I write this,...

02Jun10:12 amEST

Tough to Step in Front of This One

Semiconductors have been symbolic of this bull run on many fronts, not only refusing to permit a garden variety correction but consequently surging higher just when it appears the eventually breakdown is nigh. Recently, the spurt of big-time M&A activity added fuel the fire for some of the comically steep long-term trends, such as that of...

01Jun4:49 pmEST

Stock Market Recap 06/01/15 {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...

01Jun2:52 pmEST

Set to Rise on Hot Air

After taking a shellacking in recent weeks, the airlines look set to stage that inevitable snapback rally. I suspect the likes of AAL DAL LUV UAL could easily drift higher in early-June, though I am not too intrigued by them on the long side given their broken charts on multi-month timeframes. Instead, I prefer to stalk the likes of HAS GIMO...

01Jun12:38 pmEST

Looking More Black and White

After a strong open this morning, gold, silver, and the precious metals miners have faded most or all of those gains. I have been reticent to get involved in that complex of late, after trading it consistently in recent years for quick rallies and on casino downdraft in what is still a long, sloppy, sideways period of consolidation in...

01Jun10:12 amEST

You'll Want a Front Row Seat to This Summer Movie

The zoomed-out hourly chart of the IWM, ETF for the Russell 2000 small caps, offers good perspective on the current choppy market climate. Note the lower highs, but higher lows highlighted by the light blue lines I have drawn, indicative of overall indecision. Until this pattern resolves itself, and it may very well do so imminently as price...