If Team Cocoa Gets Going, It's All Over

10Jun12:51 pmEST

The Greenback is Still Hanging on, and That Makes Things Messy

Around the same time the U.S. Dollar ETF, UUP, made it clear it would not relinquish its opening gains this morning after the first hour of trading or so, gold miners faded to red virtually across the board. Moreover, equities as a whole are coming in and at sessions lows as I write this, while UUP pushes session highs. Now, the inverse...

10Jun10:47 amEST

Underwater Scenery

Despite the rally in many biotechnology stocks since February, the lingering issue for the formerly leading sector remains the long-term chart. Specifically, the XBI (small/mid-cap biotech ETF) houses many of those high growth biotech issues, which could also be ripe to be bought out. Many of them are heavily-shorted and capable of explosive...

09Jun4:51 pmEST

Stock Market Recap 06/09/16 {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...

09Jun3:47 pmEST

So is it Fair to Say That Today's Market was a Buffer?

Yeah, this market sure has a lot of a buffer/consolidation days, seemingly an in-between from the high energy "up" days and the benign grinding days. No real downside energy yet, though, from bears. More in my recap after the bell.

09Jun12:43 pmEST

Natural Gas: This, Too, Shall Pass

After the natural gas inventory report this morning, natty is continuing the surge it has enjoyed dating back the last few weeks. We know natty has been a tough cookie to bottom-call since 2008, seemingly mired in a bear market with no expiration date. However, markets are markets. And this bear, too, shall pass. On the updated UNG (ETF for...

09Jun9:46 amEST

It's a Wix on, Wix off Market

Amid a soft open for the indices and crude oil, select plays beneath the surface continue to act well. To be sure, this seems like the type of tape where one needs to ferret out hidden gems, truly putting in the work beyond causally glancing at the indices and some widely-known marquee stocks. Case in point: We trimmed part of a WIX long this...

08Jun4:57 pmEST

Stock Market Recap 06/08/16 {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...

08Jun3:46 pmEST

Better Call Paul, Season Two

Treasuries have not yet buckled, but the price action in soft commodities (and indeed most commodities) of late, coupled with a weakening Dollar, sure smack of the early stages of some type of inflation trade. We have discussed this topic before. And the resilience of the bond market is truly legendary, with TLT actually on the cusp of a new...

08Jun1:16 pmEST

Guilty or Not Guilty

To be sure, the small caps and indeed many stocks flying under-the-radar have thrived in recent weeks, as bears are largely on the run and likely extremely fearful of seemingly inevitable new highs on the major averages this summer. However, a peculiar aspect about this rally has been the underperformance by many notable consume leaders, most...

08Jun10:51 amEST

If Team Cocoa Gets Going, It's All Over

Considering not only the surge in buy volume on the DBA ETF of late (which tracks a basket of major soft commodities), coupled with DBA breaking above a decisive bottoming formation and remaining stubbornly overbought through this morning's session, the issue becomes if we see cocoa (thinly-traded NIB is an ETN), a soft which has been lagging...