Stock Market Recap 09/15/16 {Video}

20Sep10:35 amEST

Forget the FOMC: Here's the Real Main Event of the Week

Well, to be sure, The Fed still carries a good deal of significance for most asset classes this week. However, I suspect whether The Fed is hawkish or dovish will have little impact on the natural gas market. Natty has quietly been turning in impressive sessions of late, even as crude has lingered and is merely trying to hold the line. On the...

19Sep3:53 pmEST

Stock Market Recap 09/19/16 {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...

19Sep3:46 pmEST

Thumbs Up for This Restaurant, Thumbs Down for That One

To follow-up on an idea noted previously on the site, while CMG is still struggling to piece together a snapback rally in its ongoing downtrend FRGI is actually looking like the better choice for a restaurant bottom. On the updated daily chart, below, we want to see if bulls can now convert this $26 level into support. Both CMG and FRGI have...

19Sep1:13 pmEST

In Context for the Afternoon

The lagging Nasdaq is red as I write this, though the small caps in the Russell 2000 Index are soundly in the green. Either way, stocks are still well off session highs as we work our way through the early-afternoon portion of the day. I am looking to see if buyers step in for another thrust higher, as they have often done with these lunchtime...

19Sep10:50 amEST

Biotech Still the Topic of Conversation

Biotechnology issues, especially the mid-cap ones in the XBI ETF, are notably strong again this morning on the back of SRPT's surge. Plenty of the mid-cap biotech are sporting similar charts over the last few quarters, insofar as attempting to turn the corner after being mired in steep downtrends followed by extended "dead money" periods of...

18Sep1:42 pmEST

Weekend Overview and Analysis 09/18/16 {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...

17Sep1:42 pmEST

Saturday Night at Market Chess Cinemas

Starring the great actor Geoffrey Rush, the Italian-made and shot The Best Offer (2013), also featuring Donald Sutherland, is worthy of a viewing. The film was met with mixed critical reviews, but the high quality acting, locations, direction, and intriguing storyline make this one worthwhile. via YouTube: Geoffrey Rush stars in this...

16Sep1:30 pmEST

It's a Crazy Ex Kind of Day

The SPY, actively-traded ETF for the S&P 500 Index, goes ex-div today, which means the SPY being down more than 1% as I write this is not quite as bad as it looks. For reference, consider the actual S&P cash Index, below on the 30-minute timeframe, which is down a little more than 0.50% at the moment. So, there is a bit of a discrepancy at the...

16Sep10:39 amEST

Tony the Gluten Tiger is Played Out

Consistent with the recent theme of "safety" sectors unwinding amid higher rates, Kellogg Company looks ripe for further downside. Barring a buyout by a larger food company, the daily chart for K, below, has been bouncing poorly since its latest downdraft last week. Given the continued relative weakness in the defensive sectors, it is likely...

15Sep3:42 pmEST

Stock Market Recap 09/15/16 {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...