A Slow Day of Musical Chairs

17Nov3:49 pmEST

Chickens Coming Home to Roost for Turkey Day

As attractive as some energy and materials stocks have looked, and as strongly as some have been acting, the U.S. Dollar ETF's monthly timeframe, below, is a lingering threat becoming more serious by the way as rates inch higher along with the greenback. The higher this chart goes, the havoc it potentially can wreak on a variety of markets. ...

17Nov1:30 pmEST

Give Me Back My Precious

It looks as though the Dollar strength is finally starting to catch up to at least some parts of the commodity and mining complex. Steels seem unfazed, as is FCX, but gold miners failed to remain $22 on the GDX effectively and are now at risk of a bear flag breakdown. On the daily chart, below, the gold miner ETF had better regain its footing...

17Nov10:48 amEST

Water Traps

Just a perfectly normal 200-day moving average (yellow line, arrows) test by price for Dryships this week, I see. Along with solar, and you can see further FSLR damage today, shippers are likely not worth the trouble for anything more than a quick scalp, at least not yet and not until they saw better overall technical action on longer-term...

16Nov3:42 pmEST

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

16Nov3:39 pmEST

My Practices Are Not Designed for Your Enjoyment

Without question, today's trading session has been a fairly slow one, excluding some very narrow pockets of momentum. From my perspective, I am more intrigued by the prospect for fresh long entries on some of the more viable swing opportunities since the election, namely the materials miners, financials, and transports. The copper miner...

16Nov1:21 pmEST

Food for Thought on National Fast Food Day

Courtesy of @JulieKDolan on Twitter , the above graphic shows the most iconic fast/casual food chain from each state on the mainland in America on this national fast food day. Regarding actionable trade ideas in the fast food arena, we know WEN has been on a tear. JACK is setting up well, too, at the moment. Both JACK WEN seem to be taking...

16Nov10:34 amEST

Winklevii Revenge

Seeing as Facebook is flattish again this morning and continues to flash signs of "distribution," or heavy selling my institutions of size after a strong bull run, it is worth revisiting the chart to see if this is truly a good leader gone bad. Even as other Nasdaq names are bouncing this morning, FB is struggling to reclaim its 200-day moving...

15Nov3:47 pmEST

Stock Market Recap 11/15/16 {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...

15Nov3:46 pmEST

Russia May Be in the Sweet Piroshki Spot

Of the emerging markets since the Election last week, Russia is of course one of the more attractive options. In addition to Trump's Russia/Putin-friendly rhetoric, the RSX (country ETF for Russia) has been holding up better than the other "BRIC" nations. Today, all of the BRICs are bouncing back, as the rally in oil is no doubt aiding the...

15Nov1:16 pmEST

A Slow Day of Musical Chairs

Small caps, banks, and biotechs are finally pausing today while tech, utilities, bonds, and energy stocks sustain a bounce for a bit of the reversion we had been noting for Members seemed likely this week. At issue in this note is whether the move in energy has legs, something beyond a mere oversold bounce which is doomed to turn back lower. ...