We Know an Attack is Coming; But from Where?

28Oct1:38 pmEST

The Spookiest Chart of Them All

I suppose I could throw up a chart of VRX, some of the biotechs, CMG UA, or perhaps some macro indicator with a small sample size of why equities are in trouble. But, in reality, the election, equities, macro data, and many other news headlines may be masking the biggest issue of them all, one we have been slowly tracking for a good while...

28Oct10:51 amEST

Punt Team on the Field

After a GDP beat this morning, stocks are bouncing back from yesterday's selling. Small caps are higher by a but more than a third of one percent as I write this, enough to stave off an imminent wipeout but not enough to reverse the recent breakdown below $120 support on the IWM ETF. Nasdaq stocks are largely trying to shrug off the AMZN...

27Oct3:58 pmEST

Stock Market Recap 10/27/16 {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...

27Oct3:53 pmEST

Don't Look Away

Bears scored a decisive victory in the Russell 2000, small cap dominated-index today with a breakdown. However, that small cap weakness may prove to be necessary but not sufficient for a broad market breakdown, as well. Indeed, AMZN and GOOGL earnings tonight may very well carry a good deal of weight in terms of whether we close out the week...

27Oct1:08 pmEST

Freedom Got an AK Steel

After some recent outperformance, the sell-off in AKS on news of an offering seems to be slowing down the steel sector today. Steels had been outshining the precious metals, both of which are housed in the XME sector ETF for metals miners, precious and otherwise, combined. As a result, names like WOR are coming in, and the likes of X SCHN NUE...

27Oct10:51 amEST

Reach for the Elf Instead, Grasshopper

Eyes Lips Face, also known as e.l.f. Cosmetics, is an international cosmetics brand based in New York City, trading under ticker ELF, a recent IPO. ELF has no relation, unfortunately, to The Keebler Company, famous for the animated Keebler Elves, and is now owned by Kellogg. Still, with the likes of ACIA LN PI TWLO unable to rekindle their...

26Oct3:56 pmEST

Stock Market Recap 10/26/16 {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...

26Oct3:53 pmEST

We're Going to Mars Tonight

Tesla earnings are coming up in a moment here. On the monthly chart, below, let's see if we finally get resolution from what has been a tedious consolidation for the former momentum darling. Another move below $200 likely will not be so friendly to bulls, however. As for equities as a while, plenty still hangs in the balance. More in my recap...

26Oct1:26 pmEST

Two Bright Spots in a Cold Market

Working our way through the afternoon, stocks are simply searching for direction after an opening gap down, snapback rally, and now a drip back lower. Two bright spots to note, however, would be the action in major copper Freeport, and the regional banks. On the first daily chart, below, FCX is green for the second day in a row after missing...

26Oct10:52 amEST

We Know an Attack is Coming; But from Where?

At this point it is beyond obvious that most market indices are rangebound amid tedious action without much follow-through. While it is true that the surge in AMZN FB GOOGL NFLX of late may have masked some of that neutral action below the surface, in reality the majority of market players are keenly aware of the situation. It logically...