Averting Danger

19Aug10:56 amEST

Hold!

With a sizable Monday morning gap higher in play for equities, bulls have done an admirable job of wrestling away the short-term initiative bears enjoyed last Wednesday and parts of Thursday. At issue now is whether bulls can retain the initiative here and build on these gains in lieu of us either completely giving them up or instead resorting...

18Aug1:05 pmEST

Weekend Overview and Analysis 08/18/19 {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...

15Aug11:19 amEST

You Know What That Makes These Bulls?

"Lollygaggers!" All kidding aside, it remains tough to fully embrace these bounce attempts in equites as long as TLT holds green. Heck, it was tough to even partially embrace the bounce attempt, as I went back to full cash yesterday and took off two tester longs I had. Simply put, until bonds ease off during this particular cycle it is very...

14Aug3:17 pmEST

Last Chance: You Miss it, Don't Show Your Face in Here Again

Working our way through the final hour of another wild session in front of NVDA earnings tonight, the best chance bulls have now for a respectable close (i.e. one a few hundred Dow points off session lows) would likely be to pounce on the heavy sell program which ran on TLT at 3pm EST on the nose. It is only 1-minute chart, below, but you can...

14Aug10:13 amEST

Overnight Traps

As promising as yesterday's bounce looked and felt for bulls, one of our chief concerns insofar as electing not to add new long exposure was that we first wanted to see bulls survive the overnight futures session. Specifically, we have seen some rather tumultuous overnight sessions in August, and last night was no different--In fact, it was all...

13Aug10:31 amEST

Don't Get Too Comfortable in That Bear Sleeping Bag

Bears who were looking for an abrupt drop back down to last week's lows on the S&P and Nasdaq (if not much lower) are in a rather tough spot this morning, as some positive AAPL/China trade war news is the excuse du jour to send the Dow up nearly 500 points as I write this. The two main issues undermining the imminent bear case this week,...

12Aug5:14 pmEST

Silver Lining Strength 08/12/19 {Video}

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12Aug10:43 amEST

A Relative Lull Until Jackson Hole

Sure, we have headlines out of Hong Kong and plenty of the usual trade war buzz in the air, not to mention an apparent full slate of earnings again this week. However, as to the latter point, we have already gotten through the overwhelming majority of marquee firms reporting earnings. And as to the former points, the macro news flow is likely...

11Aug11:56 amEST

Weekend Overview and Analysis 08/11/19 {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...

09Aug10:38 amEST

Averting Danger

As much as we could talk all morning about specific price levels on the indices for bulls to hold into this giveback we are seeing from yesterday's rally, such as 2,900 on the S&P 500, the reality is that we likely do not see stocks bounce again until and unless bond bulls ease up. Specifically, TLT is back at it again, with nary a red daily...