Half of the Battle is Not Getting Caught

22Jun12:41 pmEST

Stay on or Get Off

Time seems as though it is coming to a halt in front of the big Brexit vote tomorrow. While the actual vote itself may not carry as much significance as some market pundits are arguing, clearly equities themselves remain in a holding pattern. The event, therefore, becomes a self-fulfilling prophecy in terms of the outcome and the reaction by...

22Jun10:43 amEST

Tesla: Electric Slide Sideways

On the back of the news of the SCTY TSLA buyout bid, it is probably a worthwhile venture to take a step back and view Tesla for what it is--A momentum leader in the market for years on end which has essentially gone nowhere over the last few years. On the zoomed-out weekly chart, below, we can see as much, with $195 acting as a general floor...

21Jun4:31 pmEST

Stock Market Recap 06/21/16 {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...

21Jun3:31 pmEST

Pick a Side, Any Side

Bulls did what they had to do today to stave off the selling in biotech and other names gathering steam to the downside. Despite biotech still clearly in the red, with horrific price action on virtually all timeframes for the likes of BIIB CELG GILD REGN, bears simply cannot muster the power even to hold the indices red. I suspect we may be...

21Jun12:52 pmEST

Only Some Are Having Fun at This Party

The slow action we discussed this morning is spilling over into the early-afternoon portion of the trading session. Even the sexiest of charts in tech seem to have the weight of the lethargic tape acting as a noose for now. Biotech is still a glaring laggard, once again, in addition to the Russell 2000 small cap Index down down roughly 0.67% as...

21Jun10:50 amEST

A Bit Too Laid Back

Stocks are mixed this morning, with the S&P slightly green, the Nasdaq flattish, and the small caps in the Russell soundly in the red. Names like CMG NFLX continue to lag, as are large cap biotechs, while natural gas and some related named outperform. Tech issues are also holding up well, and represent some of the best potential long ideas....

20Jun4:40 pmEST

Stock Market Recap 06/20/16 {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...

20Jun3:44 pmEST

The Block

The bears' best chance to regain control of this market now looks to be a LeBron-esque come-from-behind block to prevent against an upside breakout. We may be seeing just that with the broad market softness this afternoon. Case in point: The Nasdaq-100 ETF, below on the daily, is fading off its 50-day moving average. Still, this may be yet...

20Jun1:09 pmEST

Oh Really, You Trying to Get the Pipeline?

Within the commodity complex, much attention is typically focused on crude oil and precious metals. However, as we know, soft commodities have been incredibly hot on the while this year, even as the DBA ETF consolidates today. Sugar and soybeans have been particularly strong and part of the leadership in that space. But, beyond that, natural...

20Jun10:55 amEST

Half of the Battle is Not Getting Caught

Overly-aggressive shorts are in some pain this morning, with equities staging a sizable gap higher to open what should be another fun-filled week of macro data and a "Brexit" vote on Thursday out of Europe. Equities have had a propensity to stage a strong comeback, seemingly out of nowhere, for a good while now. And the lingering issue for...