Last Chance to Extinguish

01Jun1:46 pmEST

Small Caps Up and In

One of our Members, @Scungelli, astutely pointed out earlier this week that the weekly chart for the Russell 2000 Index's ETF (IWM) was likely sporting the tightest Bollinger Band compression we had seen since 2015. Generally speaking, from periods of compression in the market come periods of expansion or explosion. Back in the summer 2015,...

01Jun10:38 amEST

Emerging Trends in Technology

Despite some hiccups along the way, it is tough to imagine a future without the need for cybersecurity firms capable of scaling large economies. While discerning which firms will be the tried and true leaders of the HACK ETF for the cybersecurity-related stocks, we know that the survivors of the recent period since 2015 where plenty of HACK...

31May3:36 pmEST

Stock Market Recap 05/31/17 {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...

31May3:29 pmEST

Gold Miners: Remember the Alamos

The upside reversal in the gold miners today may very well get lost in the end-of-month shuffle we are seeing in equities. However, it is worth noting that gold miners are generally finding buying interest right where they absolutely needed to in order to keep the technical case afloat for a long-term inflection point dating back a few years. ...

31May1:33 pmEST

Context for a Rainy Day

Although there are certainly some relative strength standouts, today's session thus far has the look and feel of a rainy day for stocks, where bulls are simply looking to avoid getting drenched and want to the weather to clear up sooner than later. On the SPY (ETF for the S&P 500 Index) 10-minute chart, below, note yesterday morning's support...

31May10:56 amEST

Replenishing After a Busy First Hour

An abrupt rug-pull off a green open this morning sees most stocks in the red now. The problem spots in the market, namely the small caps, financials, energy stocks, and biotechs, continue to struggle and are likely serving as at least an excuse for Nasdaq bulls to lock in some end-of-month gains on the final day of May in the likes of AMZN...

30May3:55 pmEST

Stock Market Recap 05/30/17 {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...

30May3:53 pmEST

Drugs Need to Find Their Happy Place

Ah, the 200-day simple moving average. This marks the last good stand for biotech bulls, in all likelihood, as price threatens to soundly break down after failing to hold over the $300 level for long-term breakout in the iBB (ETF for large cap bios). I suspect how this 200-day (yellow line on daily chart, below) test plays out should set the...

30May1:43 pmEST

Chicken Out, Burgers In

Underneath the market's surface of a soft, post-holiday hangover session today have some interesting themes shaping up. Tech, especially monsters like MU and TSLA, continues to mask the weakness in small caps, financials, energy, and even biotech. Bears are looking for the big breakdown, but the slow pace of the action suggests they need to do...

30May10:38 amEST

Last Chance to Extinguish

Given the ESV For ATW buyout this morning, one would think the energy complex would at least muster some type of bounce. While natural gas certainly has an excuse, what with the unseasonably cool weather for Memorial Day Weekend slamming UNG lower this morning, when we see the OIL XLE XOP ETFs for energy stocks all red and all probing...