Do Some Detective Work

04Nov1:49 pmEST

Long Live the Commodities Bear Market, Part Deux

More good news for the working thesis that the energy complex has put in a long-term bear market bottom: Natural gas is confirming an intermediate-term inverse head and shoulders bottoming formation, seen below on the UNG ETF daily chart, with a strong gap up above its 200-day simple moving average (yellow line) today. True, natty is enjoying...

03Nov12:18 pmEST

Special Edition: Full-Length Weekend Strategy Session 11/03/19 {Video}

For this weekend only, I am opening up the full-length Weekend Video Strategy Session to everyone. Each weekend, I present a similar video to the one below for Members of the Market Chess Subscription Services. Please click here for details about joining at a reasonable price to receive these types of videos, as well as plenty of other...

01Nov12:43 pmEST

Let's Take a Recess from the Recession Talk

Further strength in the broad market today, including the suddenly explosive-looking small caps in the IWM (ETF for the Russell 2000 Index) is surely putting bears on the run. For a while now, the overhang of choppy price action in the face of geopolitical, economic, and monetary risks, not to mention global growth slowing, all served to give...

31Oct4:56 pmEST

Stock Market Recap 10/31/19 {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...

31Oct10:37 amEST

Time to Go to Work

Simply put, as we observe the weekly chart for the silver metal ETF, below, it is high time for the precious complex to get going again.With the FOMC out of the way for the foreseeable future, the metals and miners have a reasonably dovish Fed at their backs, although I think they will eventually need to learn to thrive even if rates tick up...

30Oct11:30 amEST

Not Trading Scraps Before the Primetime Schedule

We have some uninspiring price action this morning in front of a loaded primetime schedule this afternoon and evening, headlined by the FOMC at 2pm EST and then AAPL FB SBUX TWLO earnings this evening. All things considered, though, the cautious tone of the tape this morning may not be the worst thing in the world for bulls, as it helps to cool...

29Oct3:58 pmEST

Stock Market Recap 10/29/19 {Video}

Enjoy the video, and enjoy your evening.

29Oct11:27 amEST

Banks for the Memories

It is worth reiterating a point we have made previously over the years: The financials in the XLF ETF are pretty much the only major part of the market not to have overtaken their prior all-time highs from last decade. Naturally, with the banks at the epicenter of the financial debit crisis in 2008, it only makes sense that they would be the...

28Oct4:15 pmEST

Stock Market Recap 10/28/19 {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...

28Oct12:53 pmEST

Do Some Detective Work

On the back of breaking news from Reuters this morning that Google or Alphabet is in talks to acquire Fitbit, shares of FIT were higher by around 22% as I write this. Despite the FIT chart sporting a fairly strong downtrend much of its time since 2015, we know that the business model was such that a buyout could come at any time. After all,...