Weekend Overview and Analysis 01/17/16 {Video}

21Jan10:45 amEST

We're All a Little Loonie Watching Oil

In front of a belated crude oil inventory report, at 11am EST this morning, stocks are enjoying a decent bounce. Crude is up a bit, via the USO ETF, too. But, perhaps of just as much significance, the Canadian Dollar, or "Loonie," is finally showing signs of life for at least a relief rally after a powerful downtrend. As we have noted before,...

20Jan4:56 pmEST

Stock Market Recap 01/20/16 {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...

20Jan3:11 pmEST

The Clear Winter Path

One interesting aspect about the price action in 2016 has been the weakness in the small caps staying within the confines of a well-defined falling channel, after the gap down to begin the new year, seen below on the hourly chart. If we had breached the channel to the downside for a bit, I would have thought a more textbook washout bottom...

20Jan12:48 pmEST

Safety in a Tough Neighborhood is an Illusion

As the market sell-off continues to play out, more and more seemingly "safe" stocks now look like sitting ducks on the short side. Stocks like GIS K KO, even MCD PEP, are getting drilled today along with stocks. True, on a relative basis they may not stage GPRO-like carnage. But losses are losses, and the idea is to not "hold and hope" in a...

20Jan10:37 amEST

Next Stop for the Fear Train Is...

A powerful downtrend in the market has yet to create some real fear and raw emotion among market players, with a certain degree of aloofness perhaps dominating the tape. As evidence, consider several major indices and sectors now below their respective August 2015 lows, while the VIX (which measures fear or volatility in the options markets)...

19Jan5:15 pmEST

Stock Market Recap 01/19/16 {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...

19Jan2:55 pmEST

Do Not Look Down

This would be the opportune time for bulls to stop looking down, what with the XBI now off nearly 6% (!) as I write this. In addition, the market at-large seems to be buckling under the selling pressure in small caps which we noted out of the gate this morning for Members on the private Twitter feed. After some choppy morning action, bears are...

19Jan12:48 pmEST

Secular Arguments Running Out of Time

The theory that equites commenced a new secular (meaning structural, long-term) bull market in 2013 gained more and more traction as the S&P 500 Index held over its 2000 and 2007 highs for a good while, as the Dow, Nasdaq, even Russell followed suit. On the surface, a new secular bull seemed to be a foregone conclusion. But that analysis...

19Jan10:45 amEST

Someone is Lying

A few market issues stand out into the morning's mild bounce from oversold conditions. First and foremost, the small cap stocks in the Russell 2000 Index and the small/mid-cap biotechnology stocks in the XBI ETF are lagging, once again. This is likely a function of a general "risk off" environment, with growth managers dialing back risk even...

17Jan3:10 pmEST

Weekend Overview and Analysis 01/17/16 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend 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. Please click here for...