Monthly Archives: February 2016

Showing articles 21 - 30 (84 total)

23Feb10:56 amEST

Dimon's Buys Are Forever

A few weeks back, Jamie Dimon, chairman and chief executive of JPMorgan Chase, spent $26 million of his personal fortune to buy his bank's stock, JPM. His buys were cheered as a sign of a bottom for the stock and perhaps the market at-large.  Today, JPM and the other big banks in the XLF are getting whacked again, clearly lagging the market. I...

22Feb5:04 pmEST

Stock Market Recap 02/22/16 {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...

22Feb3:04 pmEST

It's Not Just Valeant in Trouble

Equities are still largely churning sideways since the opening gap higher, with another upside move about an hour ago failing to gain traction.  Overall, the resilience in bonds and the Yen has yet to adversely affect the rally, for the most part, despite banks and biotechs relatively underwhelming as energy/materials outperform.  In addition,...

22Feb12:55 pmEST

Gap and Kansas with Dust in the Wind

The intraday chart of the SPY, below, shows a gap up and subsequent sideways base which looks flatter than Kansas.  Headed into the heart of the afternoon of trading, I am looking to see if the VIX continues to drop lower, as it did all morning. If bears are going to make a move in stocks, then seeing VXX and the like firm up is probably going...

22Feb10:44 amEST

Market Whack-A-Mole

On a daily basis, it seems as though equities, even more than usual, are playing a game of whack-a-mole with various issues around the world. On some days, the Japanese Yen comes to the forefront; Others, it is China or the EU.  Today, crude oil strength look to be helping bulls sustain an opening gap higher. In addition, copper is gapping up...

21Feb4:04 pmEST

Weekend Overview and Analysis 02/21/16 {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...

21Feb12:01 pmEST

Sunday Matinée at Market Chess Cinemas

Available on Netflix,  The Heavy Water War (original title Kampen om tungtvannet and alternative title The Saboteurs (UK)) is a six-episode TV miniseries produced by the Norwegian Broadcasting Corporation. Thus far, I like what I see. And I believe it is well worth the viewing for the interesting tidbit of historical tensions between Norway...

19Feb2:43 pmEST

A Benign Grind of a Day...Or is It?

The action for much of today smack of a resilient yet grinding market, in light of the bouncing earlier in the week.  The VIX has been steadily weak all day, despite red crude and a green Yen, which is not making life easy for shorts pressing for an imminent market rollover.  However, the VXX, VIX ETF, below on the daily chart, spiked up just...

19Feb12:49 pmEST

The Overbought in a Downtrend Setup

Chipotle Mexican Grill represents the type of setup which "should" work on the short side again, as it is overbought (upper Bollinger Band) in a clear, ongoing downtrend (declining longer-term moving averages).  Still, if the setup is too easy for bears, as it may have been this morning with the indices, then perhaps it will simply continue to...

19Feb11:02 amEST

Docked at This Level

Opening weakness in equites has largely abated through mid-morning, as bulls defended the 20-day simple moving averages across the major index charts.  On the QQQ, below, for example, the ETF of the Nasdaq-100 stocks shows a reversal to green off a red open right at the orange line, which is the 20-day moving average. It is unlikely that bears...

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