Hurricane Matthew Plays

07Oct3:44 pmEST

Natural Gas Definitely Calls it Jelly

While plenty of market players and pundits succumbed to the frenzy over the British pound overnight, natural gas is as American as, well, calling Polaner All Fruit, "jelly." On the weekly UNG chart, below, the ETF for natty, we may have finally seen the legitimate upside breakout in light of the endless bear market since 2008. The highlighted...

07Oct1:23 pmEST

Back in the Doghouse

Gilead has been one of the bigger duds among larger cap biotechnology issues for a while now, a name we highlight daily for Members in terms of running through sector leaders. The issue was whether other biotechs would pick up GILD's slack, as the stock merely tried to regain its footing. For a while there, it seemed as though AMGN BIIB CELG...

07Oct11:01 amEST

Betting the Over/Under, Then the Under/Over

Taking a longer-term view of the GDX, ETF for senior gold miners, tells the story of how the gold bear market came to fruition from a technical perspective. On the GDX monthly timeframe, note the 50-period monthly moving average, the dark blue line. This is obviously a very long-term reference point and is not going to change its slope in a...

06Oct3:52 pmEST

Stock Market Recap 10/06/16 {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...

06Oct3:50 pmEST

Here's to Changing the Theme Song of the Market

For all of the drama and distractions about TWTR, even TSLA, and other firms which are merely trying to get going again, there remains more than just a few quality, enticing long setups. GDDY, below, is one such example. However, the theme song of this market since Labor Day has been something along the lines of Curb Your Enthusiasm , fading...

06Oct1:21 pmEST

Any Excuse Will Do for a Move

It is not so much that tomorrow morning's jobs number is going to be a data point of great significance to the market. Instead, observing the S&P 500 Index's ETF on the hourly chart since Labor Day, below, I suspect stocks are looking for any excuse, rather than a catalyst per se, to break its narrow range and sustain a move with a bit more...

06Oct10:44 amEST

More Reflection on Twitter

A key point we have been emphasizing for Members in recent sessions is that the higher TWTR's stock went, the larger the risk of a ferocious rug-pull if an imminent buyout was not realized. So, in the short-term the stock smacked of that much more risk. But now that we have seen a barrage of negative reports hit in the last fifteen hours or...

05Oct3:46 pmEST

Stock Market Recap 10/05/16 {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...

05Oct3:45 pmEST

A Look Behind the Scenes at the Twitter Buyout Auction

"A feeling that something isn't right," indeed. You almost get the sense with all of the ballyhoo about the TWTR prospective buyout bids that either it gets the benefit of a bid bidding or...or no bid in the end at all. Higher risk no, and higher reward perhaps, too. See you after the bell for my recap.

05Oct1:18 pmEST

Hurricane Matthew Plays

With good fortune, Hurricane Matthew will turn out to be a dud in the coming days and no-one will suffer a serious injury or death. But in the event some serious damage does occur, as ominous as Matthew's path and ferocity looks now, it is worth noting some standard "hurricane plays." GNRC is the go-to play, as they specialize in the backup...