Stock Market Recap 01/14/16 {Video}

19Jan5:15 pmEST

Stock Market Recap 01/19/16 {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...

19Jan2:55 pmEST

Do Not Look Down

This would be the opportune time for bulls to stop looking down, what with the XBI now off nearly 6% (!) as I write this. In addition, the market at-large seems to be buckling under the selling pressure in small caps which we noted out of the gate this morning for Members on the private Twitter feed. After some choppy morning action, bears are...

19Jan12:48 pmEST

Secular Arguments Running Out of Time

The theory that equites commenced a new secular (meaning structural, long-term) bull market in 2013 gained more and more traction as the S&P 500 Index held over its 2000 and 2007 highs for a good while, as the Dow, Nasdaq, even Russell followed suit. On the surface, a new secular bull seemed to be a foregone conclusion. But that analysis...

19Jan10:45 amEST

Someone is Lying

A few market issues stand out into the morning's mild bounce from oversold conditions. First and foremost, the small cap stocks in the Russell 2000 Index and the small/mid-cap biotechnology stocks in the XBI ETF are lagging, once again. This is likely a function of a general "risk off" environment, with growth managers dialing back risk even...

17Jan3:10 pmEST

Weekend Overview and Analysis 01/17/16 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend 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. Please click here for...

17Jan12:11 pmEST

Sunday Matinée at Market Chess Cinemas

On this Dr. Martin Luther King, Jr. holiday weekend, an excellent film about civil rights and race relations in the south in the 1960s is Mississippi Burning (1988). I must say that whenever I see this one come on television, I simply do not turn it off, no matter how many times I have seen it. Based on a true story (note Dr. King pictured...

15Jan3:01 pmEST

Like Clockwork, After Lunch

Headed into the final hour of the week of trading, stocks are bounce well off session low which were printed during the New York lunch hour. On the SPY ETF 10-minute chart, below, we can see the S&P had settled into an intraday falling channel after the huge gap down this morning. With sellers failing to hold under $187 earlier, buyers are...

15Jan12:32 pmEST

Iceberg, Right Ahead

The type of price action we are seeing in 2016 is consistent with the initial leg down in a new bear market. Nearly one month ago, we noted the confirmed major top in the homebuilders, a major part of the market which is also one of focal points of the U.S. economy and a chic bullish rotation thesis for many headed into last year. And, in...

15Jan10:19 amEST

Mirror Image Markets

In corrective or bear markets, it is often said that correlations run even more tightly than usual, in terms of inter-market analysis. Specifically, "risk off" currencies like the Japanese Yen tend to come to he forefront, as do credit markets, as opposed to healthy bull runs in equities where those correlation tend to take a backseat to the " ...

14Jan5:36 pmEST

Stock Market Recap 01/14/16 {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...