A Familiar Dark Trap

14Jan3:09 pmEST

Baby Bears Buried for the Day

If we are, in fact, going into a full-blown bear market this year, or at least a deeper correction than what we have already seen, then today's price action amounts to being a mere appetizer of what is to come. Specifically, what we preach inside Market Chess Subscription Services is the concept of being savvy, nimble short-sellers, in lieu of...

14Jan12:49 pmEST

Chasing the Chasers

With the upside reversal from this morning gaining traction, it is likely a good spot to not get caught leaning too heavily short into a long, three-day weekend (markets will be closed on Monday for MLK Jr. Day). Furthermore, the weak link of the market of late, the small and mid-cap biotechnology issues housed in the XBI ETF, are playing a...

14Jan11:05 amEST

A Quirky Rebound

After another immediate fade off strong pre-market futures, bulls furiously rebounded to stage a sharp upside reversal this morning. For the majority of this young 2016, buyers have been unable to sustain any type of meaningful bounce, simply setting up the next thrust lower. However, on the back of the "falling wedge" trap we have been...

13Jan5:17 pmEST

Stock Market Recap 01/13/16 {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...

13Jan3:22 pmEST

Update on the Falling Wedge Trap

One of the more interesting takeaways from the failed falling wedge upside breakout in the Nasdaq leaders yesterday and today (discussed in real-time here) is how much buying power and shaking out of shorts has already been used up, not just in the cash session yesterday but also with the futures shooting higher overnight. On the updated...

13Jan12:54 pmEST

Making of a Move Into Winter

Netflix reports earnings next week, on January 19th. Barring a sizable gap up, I suspect the stock, after a sizzling spring and summer last year, may be set to hibernate for the rest of winter. After popping last Wednesday on international growth news, the stock is giving back a chunk of those gains today. More importantly, however, is the...

13Jan10:14 amEST

An Opening Tease

U.S. stock index futures had been indicating a fairly sizable snapback rally this morning, on the back of yesterday afternoon's upside reversal during the cash market hours. However, the initial move was blunted by sellers early on, as small caps were leading to the upside and just now briefly flipped red. On the 30-minute chart of the small...

12Jan4:48 pmEST

Stock Market Recap 01/12/16 {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...

12Jan2:30 pmEST

Just a Bastard from a Basket of Commodities

We are quickly approaching that moment where crude bulls needs to put up or fold up and go home. On the 30-minute USO ETF chart, below, we can see oil buyers trying to step in over the last few moments. In light of the fairly sound downtrend, reversals should be something we keep an open mind to, but not necessarily a high probability to...

12Jan12:53 pmEST

A Familiar Dark Trap

The indices seem to be tracking crude oil fairly closely today, as small caps continue to lag while the Nasdaq leads. After an opening gap higher, we filled them below and are currently grinding to a halt as the afternoon portion of the session kicks into gear. We are seeing some real destruction in names like AA FCX SUNE, but bulls are trying...