Will Archer Bulls Give a Daniels Midland?

15Mar12:43 pmEST

Have Your Guard Up in This Sector

As one of our Members reminded us just now, the large cap biotechnology issues housed in the IBB sector ETF remain at a critical technical juncture. On the updated IBB monthly chart, this long-term view shows us the initial strength in January to kick off 2018 was insufficient to sustain a fresh breakout for bulls. Going forward, it sure looks...

15Mar10:58 amEST

March Madness with a Kiss

It's that time of year, where we can expect to hear plenty of Bill Raftery's classic NCAA basketball sayings as well as the pre-Sell-in-May-and-go-away grace period for equities, which typically have rather bullish seasonality in March and April. That said, the market is moving at a rather pedestrian pace this morning, as I suspect the true...

14Mar5:17 pmEST

Stock Market Recap 03/14/18 {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...

14Mar2:21 pmEST

A Late-Winter Update on BlackBerry

With two weeks to go until its next earnings report, BlackBerry continues to flash technical signs of improvement on all timeframes. A cursory glance at the BB daily chart would reveal price currently basing at a rising 50-day moving average, and operating well above rising long-term moving averages, to boot. The major moving averages are...

14Mar10:35 amEST

Role Reversal Continues

Even with some of the more prominent components of the iconic Dow Jones Industrial Average sporting deteriorating charts, one way bulls can prolong the party is for them to keep reviving the lies of previously-destitute Snapchat, Twitter, Twilio, among others. It is often said that rotation is the lifeblood of the bull, and that applies with...

13Mar4:40 pmEST

Stock Market Recap 03/13/18 {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...

13Mar1:56 pmEST

Tough Resistance After a Straight-Line Move

The small cap-dominated Russell 2000 Index, using its actively-traded IWM ETF (below, on the daily timeframe) as a proxy, is running into its prior January highs after a virtual straight-line move higher since the beginning of this month. With this in mind, some near-term backing and filling ought to be expected from most parts of the market,...

13Mar10:32 amEST

Stare at Pinched Lululemons Without Getting Caught

After lagging yesterday's tape, several quality intermediate-term chart setups for longs in the retail space are bouncing back this morning. Specifically, the likes of ANF CROX LULU SKX seem to merit our attention if they resume their prior uptrends anytime soon. LULU, with earnings in a few weeks on April 4th, remains in play from a variety...

12Mar4:43 pmEST

Stock Market Recap 03/12/18 {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...

12Mar1:30 pmEST

Will Archer Bulls Give a Daniels Midland?

The Archer Daniels Midland Company, a Chicago-based $24 billion-plus market cap firm and global food processing and commodities trading powerhouse, is shaping up as a reasonable "tell" as to whether we are indeed in the early stages of a new inflationary bull run for ags and most commodities. On the ADM monthly chart, below, it is hard not to...