Monthly Archives: March 2016

Showing articles 51 - 60 (92 total)

14Mar3:08 pmEST

Update on Precious Metals and Miners

Although seeing GDX down 4% today may not be very pleasant for NUGT and JNUG holders, gold miners in general have given back very little of their winter rally off a potentially significant bear market bottom.  Trading around commodities, especially as they go about proving these potential bottom and the emergences of new uptrends, requires a...

14Mar12:33 pmEST

Drift Into End of Winter

After a lackluster open, the pace of the action has not yet picked up today. On the one hand, bulls are defying a sell-off in crude oil, with QQQ holding green and clearly acting as a bastion of relative strength today. However, small caps are holding on for dear life to $107.50, seen below on the IWM 30-minute timeframe as marking an area of...

14Mar10:47 amEST

At a Cross-Section of Danger

Crude oil weakness this morning is not yet having a full-on bearish effect for stocks at-large, with the QQQ green as I write this and the lagging small caps holding $107.50 support on the IMW ETF.  Marijuana play GWPH is shooting up (or smoking up) this morning on the back of positive results from Phase III. Other weed-related plays like INSY...

13Mar2:53 pmEST

Weekend Overview and Analysis 03/13/16 {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 more...

13Mar11:09 amEST

Sunday Matinée at Market Chess Cinemas

Mad Dog and Glory (1993) is an intriguing comedy/drama mostly because Robert De Niro and Bill Murray go against type in a major way.  As we see their surprising role reversal unfold, De Niro plays a shy, lonely police crime scene photographer, while Murray is a hot shot, yet goofy wannabe stand up comic, mafia boss. De Niro’s character saves...

11Mar3:21 pmEST

Ponder This Wedge Over Your Friday Night Dinner

To follow-up on my previous blog post, the energy stocks in the XLE ETF continue to coil tightly below multi-month resistance. And just as is the case with the IWM QQQ versus the DIA SPY, with the former two well below their 200-day moving averages while the latter two are already there, the issue is whether the XLE plays catch-up higher to the...

11Mar12:49 pmEST

Miller Time at the Junkyard

In addition to the ECB this week, the rallies in high yield corporate and junk bonds (HYG and JNK, respectively) look to be aiding the financial and energy sectors.  Regional banks, in particular, look most relieved, with the KRE ETF up over 2% as I write this. We profiled ZION as a quick long idea for Members last evening. And I suspect if HYG...

11Mar10:59 amEST

Slight Improvement in the Grand Scheme of Things

The improved price action in the global materials mining complex, precious and otherwise, has been noteworthy throughout the winter months.  Nonetheless, the abrupt downside reversals we are seeing in many parts of that sector this morning serve as a good reminder that even the most promising of bottoms (assuming that is what is in play at the...

10Mar5:17 pmEST

Stock Market Recap 03/10/16 {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...

10Mar3:38 pmEST

A Prime Example

Headed into the closing bell, stocks are well off session lows, as the S&P 500 circles back up what has been a big battleground area at 1990.  Amazon experienced intermittent website outages today, but that still did not galvanize bears enough to breach the 200-day moving average, the yellow line on the daily chart, below. On the other hand,...

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