Paddling Upstream

24Jun2:35 pmEST

Calling the Whole Story Into Question

Continuing with an ongoing theme we have been discussing in recent notes, the weakness in the transports was largely eschewed by bulls this spring, as many stocks and indices pushed higher yet. Even as summer officially kicked off this week, we still saw a new round of all-time highs in many parts of the market. But transports, as a group,...

24Jun12:10 pmEST

This Commodity Might Have the Golden Ticket

Although not on the radar for most retail traders, cocoa has notably outperformed most commodities of late. There may very well be a bullish supply story, as well, a subject for another blog post. But in terms of the technicals, you are talking about a series of higher price highs and higher lows since late-March. Several members inside ...

24Jun10:16 amEST

Standing Up to a Hard-Hitting Secondary

Bluebird Bio has been a bullish idea discussed on Market Chess dating back to late-2014, before the stock took off to nearly quadruple in a matter of months. Now that BLUE has become one of the hot biotechs du jour, the real test comes with a $400 million secondary priced last night. Thus far, seen on the first intraday chart, below, the stock...

23Jun4:53 pmEST

Stock Market Recap 06/23/15 {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...

23Jun1:40 pmEST

Galvanized Leadership

After lying dormant for quite some time in the spring months, marquee Nasdaq titans such as FB are trying to reassert themselves as market leaders. In addition, the likes of AMZN NFLX, which have been consolidating as impressively as any of the premier issues with institutional sponsorship. On the weekly AMZN chart, below, for example, note...

23Jun10:39 amEST

Playing the Summer Rotations

In recent sessions we have been lightening up on exposure to the healthcare and biotech sector into their respective moves higher, inside Market Chess Subscription Services . With that capital, we have been stalking plays in the resurgent regional banking sector. As rates rise, we have seen REITs and utilities get hit while regionals quietly...

23Jun10:04 amEST

Unclean Energy

Crude oil is gapping down again. And keying off the 30-minute chart for the USO ETF, below, we can see a descending triangle pattern developing, denoted by the light blue lines. This pattern indicates a series of lower highs against well-defined horizontal support. Typically, it builds up too much pressure against those lows before a breakdown...

22Jun4:53 pmEST

Stock Market Recap 06/22/15 {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...

22Jun2:48 pmEST

Hey, Tuco, How Are Correlations Running with Respect to Bonds?

When it comes to bonds and rates, correlations look to be running tight-tight-tight today, as TLT is down, meaning rates are higher. And, with that, we have REITs and utilities in the red while regional banks are rallying. SPG is the largest IYR component, worth watching for a potential rollover here within the context of an established...

22Jun12:32 pmEST

Paddling Upstream

The market continues to push higher, with select long ideas working rather well even if others are fairly lethargic. I scaled more of my CORT long into strength inside Market Chess Subscription Services from a $6.73 entry last week, and have other ideas on the radar for potentially similar moves. Meanwhile, AMBA is showing that momentum can...