Monthly Archives: November 2016

Showing articles 61 - 70 (79 total)

07Nov3:45 pmEST

Running on a Specific Platform

Stocks are mostly still running here into the bell, as the majority of today's gains held true. Bulls look to close us back over 2120 on the S&P 500 Index, a good first step for them as volatility gets crushed.  Priceline earnings after the bell should shed some light as to whether this leader can remain intact, given that PCLN's chart has been...

07Nov12:59 pmEST

Come and Get Me, Copper

Now that plenty of market players and pundits alike have trivialized, if not mocked, the lack of correlation between copper and risk appetite for a while now, it would be very typical of markets, indeed, for copper to now suddenly begin to take on global significance to markets, again.  Either way, on its own merits copper has been basing...

07Nov10:34 amEST

Fall Back, Spring Ahead Into Election Day

This morning's sizable gap higher across the major indices is surely about politics...or is it? To be sure, FBI Director Comey's letter yesterday added some fuel to the short squeeze fire overnight in the futures market, which is thus far carrying into this morning's session.  However, as we noted for Members of Market Chess Subscription...

06Nov3:04 pmEST

Weekend Overview and Analysis 11/06/16 {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...

04Nov3:22 pmEST

Saturday Night at Market Chess Cinemas

Plenty of you are aware of the popular animated television series entitled, "King of the Hill," which ran on Fox from 1997-2010 and capitalized on the enormous success of "The Simpsons." However, there is also an excellent film titled  King of the Hill (1993), which I am going to recommend tonight.  Directed by the great Steven Soderbergh,...

04Nov1:19 pmEST

Drain. The. Shorts.

Hyperbole aside, it is far from an explosive rally in the market today. However, bulls may have done just enough to stave off an imminent washout, which became a higher risk the longer we went without sufficiently reacting to oversold conditions--Even lowly GPRO is staging a reversal to green as I write this, perhaps indicative of short-term...

04Nov10:44 amEST

A Simple Observation

Despite a GPRO earnings blow-up and crude oil swooning again, stocks are finally reacting a bit to oversold conditions this morning.  Specifically, the S&P 500 Index, on the daily chart, below, is showing some life off its 200-day simple moving average (yellow line). The 200-day is a widely-watched reference point, even by non-technicians who...

03Nov3:36 pmEST

Stock Market Recap 11/03/16 {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...

03Nov3:33 pmEST

Snooty Starbucks to the Rescue?

One of the top holdings in the XLY, consumer discretionary ETF, Starbucks reports earnings tonight, snooty service, burnt coffee and all, provided for analysts gratis.  As we have profiled for a good while on this site, SBUX has succumbed to the likes of DIS NKE UA as prominent consumer leaders fallen by the wayside. Beyond that, the coffee...

03Nov1:31 pmEST

Back Above the Mendoza Line as Baseball Season Ends

We last looked at the "Mendoza Line" on the VIX back in June before BREXIT.  Specifically, The CBOE Market Volatility Index, or VIX, which is considered to measure fear according to the options market, is shooting higher today after flashing signs of life last week for the first time in a good while. Back over 20, the VIX is crossing over the...

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