Lining Up for the Same Shot

09Oct3:33 pmEST

Your Oatmeal is Actually What Gave You a Case of the Diabeetus

To follow-up on a previous blog post, the overlooked sugar commodity may have actually led all commodities down into the abyss for years on end, gauging the multi-year chart. And now sugar may be leading the rally in commodities in recent sessions. While all eyes are on crude, gold, silver, even copper, very few are on sugar. Updating the...

09Oct12:30 pmEST

A "Bad Reviews is Good Reviews" Kind of Market

After an eventful couple of weeks, the major averages look a bit sleepy into the New York lunch hour. Rather than leaders leading to the upside, per se, the market looks to be hell-bent on squeezing shorts who got out of line in beaten-down plays, such as the bounces we are seeing in GPRO LL TWTR, for example. If that continues, lowly YELP...

09Oct10:34 amEST

A Dangerous Kiss

After lagging the market and following their cousins in the Dow Jones Transportation average lower this year, the mega caps in the Dow Jones Industrial Average have been seemingly galvanized by he market snapback rally over the last week or so. That said, the Dow is still facing stiff prospects lurking above, in terms of declining 150-day and...

08Oct5:13 pmEST

Stock Market Recap 10/08/15 {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...

08Oct2:54 pmEST

See the Wilshire for the Trees

Considering how easy it would be to cherry-pick some of the many divergences and crosscurrents equity markets are currently featuring, let's stay objective and zoom out with the Wilshire 5000 Total Market Index, a market-capitalization-weighted index of the market value of all stocks actively traded in the United States. On the daily...

08Oct12:27 pmEST

Read Up on Prior Commodity Bottoms

Amid the flurry of oversold rallies in the industrial/materials/energy complex, it is worth noting that commodities can often base out, net-net, for several months to several quarters before beginning a new bull charge higher, notwithstanding the many V-shaped rallies we saw off the March 2009 lows. That basing scenario would also fit neatly...

08Oct10:28 amEST

Feel the Colorful Burn

There is almost a certain art to the way in which momentum darling stocks in the market behave when they have truly changed course. After conditioning action-seeking traders to pounce on every slight pause or pullback to go long, for a good while, these stocks suddenly cannot do a better job of setting traps to stuff in traders who form the...

07Oct5:11 pmEST

Stock Market Recap 10/07/15 {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...

07Oct2:40 pmEST

Three-Card Monte Market

As the S&P 500 Index continues to deal with its first 50-day simple moving average test since August, we are seeing a three-card monte rotation game below the surface. Capital has been shifting back-and forth-between the perennially weak industrial/materials/energy complex and the suddenly beaten-down biotechnology and healthcare space. Come...

07Oct12:41 pmEST

Lining Up for the Same Shot

It may seem a bit too obvious, but the S&P 500 Index is reversing roughly where it did back on the FOMC reversal day on September 17th. On the daily chart of the S&P ETF, below, note the arrows pointing toward the prior an current examples. With several hours left to go in today's session, and biotechnology stocks staging a sharp reversal off...