Dead Ahead of The Fed

29Jul3:40 pmEST

After That, I Knew it Was Gonna Be a Long Summer

A great battle is playing out which could leave equities, as usual, the last to know. Other asset classes and markets, such as the Japanese Yen, are signaling "risk off," and the persistent strength in gold is not really what equity bulls want to see. By now, we all know that long-running negative divergences being ignored has been one of the...

29Jul1:15 pmEST

You Have to Be Ruthless

This morning's GDP report arguably hinted at some early signs of dreaded "stagflation" in the U.S. economy, which of course conjures up images of the wage-price spiral from the 1970s. Each cycle is a bit different, however, and wages spiking is not yet a concern here. Instead, this time around the issue is whether the price action in some...

29Jul10:40 amEST

Attack the Attackers

One of the more fascinating aspects about "earnings season" is observing and tracking the stocks which sell-off sharply after their earnings reports, only to then quickly recover as though the dive had never occurred in the first place. Of course, the context of the given chart and overall market action is important. But in this case we have...

28Jul4:43 pmEST

Stock Market Recap 07/28/16 {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...

28Jul3:27 pmEST

We're Just in Between Rounds

The summer doldrums seem to be kicking in a bit today, with the market pace rather slow and many traders apparently becoming frustrated with most indices locked in a two-week range. However, it appears that we are simply in-between rounds of a boxing match, given the loaded lineup of earnings reports tonight GDP in the morning, not to mention...

28Jul1:08 pmEST

It's Tin Foil Hats Versus Tin Foil Wraps at Chipotle

Making the case that Chipotle Mexican Grill is a bonafide market leader is a tough one, and is one that I am not about to tackle. However, just as with Apple, you are talking about a previous market leader which has been mired in a strong technical downtrend over the last year or so. And even if AAPL and CMG do not reclaim their leadership...

28Jul10:50 amEST

Heating Up in a Flash

Natural gas has been rather quiet since July 4th, sliding under the radar as crude's weakness took on a more prominent role. But this morning headed into inventory we noted for Members that natty rallying in front of the report, and is now surging even more afterwards. For context, the UNG daily chart, below, ETF for natty, shows the $8.25...

27Jul4:39 pmEST

Stock Market Recap 07/27/16 {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...

27Jul3:35 pmEST

Summer Sugar Rush in Effect

While the Fed statement accompanying its decision to stand pat earlier may be construed as somewhat hawkish, in reality the Fed has not taken away the punch bowl by raising rates. And, as is often the case in life, actions speak louder than words. To that point, precious metal and miners are seemingly galvanized by the Fed's decision, rallying...

27Jul12:32 pmEST

Dead Ahead of The Fed

After the AAPL and TWTR fireworks carried over this morning from last evening's earnings report, the market is largely asleep in front of the 2pm EST FOMC Announcement. Beyond that, we have plenty more significant earnings reports this week, with FB tonight and AMZN GOOGL tomorrow, among others. The inability of crude oil to hold a bounce...