Monthly Archives: June 2016

Showing articles 31 - 40 (90 total)

21Jun12:52 pmEST

Only Some Are Having Fun at This Party

The slow action we discussed this morning is spilling over into the early-afternoon portion of the trading session. Even the sexiest of charts in tech seem to have the weight of the lethargic tape acting as a noose for now. Biotech is still a glaring laggard, once again, in addition to the Russell 2000 small cap Index down down roughly 0.67% as...

21Jun10:50 amEST

A Bit Too Laid Back

Stocks are mixed this morning, with the S&P slightly green, the Nasdaq flattish, and the small caps in the Russell soundly in the red. Names like CMG NFLX continue to lag, as are large cap biotechs, while natural gas and some related named outperform.  Tech issues are also holding up well, and represent some of the best potential long ideas....

20Jun4:40 pmEST

Stock Market Recap 06/20/16 {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...

20Jun3:44 pmEST

The Block

The bears' best chance to regain control of this market now looks to be a LeBron-esque come-from-behind block to prevent against an upside breakout.  We may be seeing just that with the broad market softness this afternoon. Case in point: The Nasdaq-100 ETF, below on the daily, is fading off its 50-day moving average. Still, this may be yet...

20Jun1:09 pmEST

Oh Really, You Trying to Get the Pipeline?

Within the commodity complex, much attention is typically focused on crude oil and precious metals.  However, as we know, soft commodities have been incredibly hot on the while this year, even as the DBA ETF consolidates today. Sugar and soybeans have been particularly strong and part of the leadership in that space.  But, beyond that, natural...

20Jun10:55 amEST

Half of the Battle is Not Getting Caught

Overly-aggressive shorts are in some pain this morning, with equities staging a sizable gap higher to open what should be another fun-filled week of macro data and a "Brexit" vote on Thursday out of Europe.  Equities have had a propensity to stage a strong comeback, seemingly out of nowhere, for a good while now. And the lingering issue for...

19Jun2:45 pmEST

Weekend Overview and Analysis 06/19/16 {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...

19Jun11:36 amEST

Sunday Matinée at Market Chess Cinemas

Following in tradition for this website Father's Day, the great father/son tale told in Road to Perdition (2002) is worth a viewing (or a repeat viewing). My own father died in 2002, not long before this film was released. I often wonder if he would have liked it as much as I think he would have. I suppose I will always associate this film with...

17Jun12:49 pmEST

Three Card Monte Market

Continuing with one of the recent market themes of prominent  leaders lagging, and laggards trying to pick up the slack, we have the likes of AAPL AMZN FB GOOGL NFLX, not to mention biotech and healthcare plays, clearly in the red and not bouncing much intraday.  On the other hand, we have some of the beaten-down high growth names catching a...

17Jun10:43 amEST

Big Apple a Replay of Big Blue for the Big Hustler

The news out of China this morning almost seems ancillary to the main issues facing AAPL stock. We went short Apple yesterday inside Market Chess Subscription Services, not because we knew issues would arise out of China today, but rather because the stock remans in a clear downtrend--Lower highs and lower lows--since last summer for one of, if...

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