Monthly Archives: June 2016

Showing articles 11 - 20 (90 total)

28Jun10:48 amEST

It's How They Close It

As we saw last Thursday, even the strongest of closes can still be deceiving. Nonetheless, playing the odds it is typical for a corrective market to open impressively with a gap up, such as what we are seeing this morning, only to disappoint newly-minted bottom-fishing longs with a sudden reversal in the afternoon to finish poorly.  Thus, if...

27Jun4:48 pmEST

Stock Market Recap 06/27/16 {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...

27Jun3:00 pmEST

Complacency in Its Nascency

Back in the summer of 2011, there were several trading sessions where the Dow suffered steep selling, yet the VIX was red. This persisted for a bit before the VIX finally got the message and spiked up to 48.  The reason why I raise that issue is due to the actual VIX soundly getting whacked today, despite the S&P 500 below 2000 and the Dow down...

27Jun12:58 pmEST

Withstanding the Barrage

Sugar and soybeans, two of the better soft commodities in 2016, are bouncing back nicely today after recent pullbacks. If soft commodities as a group will continue their resurgence this year, I suspect sugar, whose ETN is below on the daily, will be out in front of the pack. Considering the strength in the U.S. Dollar again, it is worth...

27Jun10:41 amEST

Losses Pile Up at the Barclays Center of the Universe

In light of the Brexit vote and, more importantly for market players, the subsequent reaction by equities, the giant European banks continue to represent systemic risks in such a way we have not seen in years. Three of the main ones: BCS CS DB, are all getting drilled again this morning. We are not talking about 2-5% pullback, either. Instead,...

26Jun3:32 pmEST

Weekend Overview and Analysis 06/26/16 {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...

25Jun11:15 pmEST

Saturday Night at Market Chess Cinemas

You are in for a treat tonight, seeing as  Stairway to Heaven (1946) [A Matter of Life and Death (original title)] apparently is in the public domain--The full version of the film can be seen below. So feel free to enlarge the video screen and enjoy one of the best films of the 1940s, starring the great Raymond Massey.  via YouTube and...

24Jun3:51 pmEST

Drama and Theatrics

The sell-off after the Brexit vote should be respected not so much because of the actual decision itself, but rather some of the vicious downside reversal many charts made off recent highs, such as PCLN.  Moreover, when we put the sell-off into context, it is hard to argue that we are witnessing a "buy the blood in the streets" moment, just...

24Jun10:55 amEST

The Cable Guy Says to Get 'er Done

Let's take another look at the "Cable," or the Pound/Dollar currency cross, as equites still seem to be v very sensitive to it this morning in light of the overnight news.  On the 30-minute chart, below, we have a well-defined triangle consolidation of lower highs but also higher lows (light blue lines). Whichever way that triangle resolves...

24Jun9:30 amEST

A Full, Traditional, English Brexit

It remains to be seen if the massive dip will get bought in equities into the weekend. But, either way, I suspect we are short-term beholden to the "Cable" currency cross of the Pound/Dollar.  On the daily chart, below, 1.40 would be the initial level to reclaim for any type of respite. Once we lost that level last night, for example, global...

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