Trade Review: Adjusting to This Type of Market

19Jan10:42 amEST

Some Plays on the Value Train

We have what seems to be another fairly boring open this morning on the major averages. All things considered, the context of this drifting action is not all that unwelcome by bulls when you ponder the alternative--Aggressive downside follow-through after Tuesday's big reversal down. Small cap issues in the Russell 2000 Index are outperforming...

18Jan4:40 pmEST

Stock Market Recap 01/18/18 {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...

18Jan3:21 pmEST

Big Blue Thawing Out in the Dead of Winter

For those following along on our multi-year series about IBM, last year we noted that it was "anyone's game" now as Big Blue had more than hit its multi-year bearish head and shoulders top discussed years ago here . At that point, it was more of a neutral look and feel to the chart. However, with IBM's recent price action and volume pattern,...

18Jan10:36 amEST

Lithium: Time to Move on to the Next Big Thing

The hot lithium trend (LIT is the ETF, and ALB FMC SQM are the main three lithium/chemical stocks) of the last several quarters is looking rather long in the tooth at this point. On the ALB weekly chart, below, we have a notable rising steep trend break (light blue line). Of course, breaking a steep rising support trendline does not guarantee...

17Jan4:30 pmEST

Stock Market Recap 01/17/18 {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...

17Jan2:25 pmEST

Let's Drive a Hardcore Pawn Bargain with This Correlation

Oftentimes in writing about markets in real-time, being "too early" versus being flat-out wrong on a given a thesis can often be a matter of semantics and, ironically, not unlike a negotiation at a pawn shop where value is simply determined in the eye of the beholder (who happens to hold some leverage in the negotiation). In reality, though,...

17Jan10:44 amEST

A Spectacle for All to See

Perhaps the main issue with shorting into yesterday's broad market reversal lower was that the prospect of a "blow-off top" or major reversal day off the Dow hitting 26,000 (and the S&P hitting 2800--Big, round but arbitrary numbers indeed) became blatantly obvious. Typically, the market will not top out in such an in-your-face manner, per se....

16Jan3:42 pmEST

Stock Market Recap 01/16/18 {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...

16Jan3:39 pmEST

A Straight Hustle if I've Ever Seen One

After a spectacular start to 2018, we saw a massive gap higher this morning reverse down after the Dow Jones Industrial Average surprised the big, round (but arbitrary) 26,000 level. The above description would seem to be an ideal short setup for bears looking to pounce on an exhaustion move. And while it is certainly true that many stocks are...

16Jan12:32 pmEST

Trade Review: Adjusting to This Type of Market

Last Wednesday, January 10th, inside Market Chess Subscription Services I went long the mid-cap biotechnology stock, Bluebird bio. Here was the text and email alert I sent out after my tweet to clients: TRADE: New Long BLUE @ $171.40 Stop: $160 Target: $190. 2% Size. Mid-cap bios get rotation. Oversold at 50-day m.a. Last Friday, however, I had...