Red Within the Green

08Jun3:46 pmEST

Better Call Paul, Season Two

Treasuries have not yet buckled, but the price action in soft commodities (and indeed most commodities) of late, coupled with a weakening Dollar, sure smack of the early stages of some type of inflation trade. We have discussed this topic before. And the resilience of the bond market is truly legendary, with TLT actually on the cusp of a new...

08Jun1:16 pmEST

Guilty or Not Guilty

To be sure, the small caps and indeed many stocks flying under-the-radar have thrived in recent weeks, as bears are largely on the run and likely extremely fearful of seemingly inevitable new highs on the major averages this summer. However, a peculiar aspect about this rally has been the underperformance by many notable consume leaders, most...

08Jun10:51 amEST

If Team Cocoa Gets Going, It's All Over

Considering not only the surge in buy volume on the DBA ETF of late (which tracks a basket of major soft commodities), coupled with DBA breaking above a decisive bottoming formation and remaining stubbornly overbought through this morning's session, the issue becomes if we see cocoa (thinly-traded NIB is an ETN), a soft which has been lagging...

07Jun4:54 pmEST

Stock Market Recap 06/07/16 {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...

07Jun3:36 pmEST

Casino: I'm Over Here Now

The resurgence in major casino stocks is apparent today, namely in LVS MGM WYNN. We know the likes of WYNN has had a rough couple of years but is making strides in 2016, thus far. To my eye, though, an interesting "tell" going forward for the space could easily be best in class slot machine maker, IGT. IGT develops new age server based gaming,...

07Jun1:00 pmEST

Slowly Finding Themselves Trapped

Considering the daily grind higher we have seen in markets, coupled with many under-watched stocks and sectors basing tightly and attempting upside breakouts, a pertinent issues is whether bears who bet on resistance acting as a brick wall are slowly finding themselves trapped. Case in point: The S&P 500 Index is making fresh multi-quarter...

07Jun10:12 amEST

Don't Do it, OG!

With Bill Ackman's VRX long down sizably this morning, the possibility for sharks circling around Ackman's other holdings remains a distinct possibility. Specifically, other hedge fund titans controlling large sums of capital may target HLF, a name Ackman has been vocally short for a good while now. On the HLF daily chart, below, note the long...

06Jun4:59 pmEST

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

06Jun3:20 pmEST

It's a Buddy Kane Type of Market

Bulls are running again this afternoon, as perhaps too many market players are either betting on or fearful of a large fade at obvious resistance on the indices for it to actually materialize...at least right away. Belw the surface, I am seeing quite a few short squeeze and breakouts from technical bases, across many sectors, which has to be...

06Jun12:56 pmEST

Red Within the Green

Precious metals and miners are mostly pausing today, as the market likely digests and interprets new comments from Chair Yellen about monetary policy. The U.S. Dollar, keying off the UUP ETF, attempted to green earlier but is now back in the red as I write this, following-up on last Friday's monstrous gap down. Regarding the miners, as long as...