Inside the High Beta Elevator Down

20Nov12:47 pmEST

It's All About 206 for Those 90,000 Model S Sedans

Tesla Motors is down today on this news , after rally for much of the weak from short-term beaten-down conditions. On the updated daily chart, below, I am looking at $206 as being the major level to hold, below. Note how many times Tesla has probed it in recent weeks. And after failing today at the highlighted resistance trendline, upper...

20Nov10:39 amEST

Nike: Just Poster Child It

Headed down the home stretch of 2015, a likely popular topic will now be whether fund managers chase up winners into the holidays while leaving underperforming stocks and sectors by the side of the road. Nike may very well be the poster child for this issue, and undisputed winner for years on end now. I have argued that the long-term chart has...

19Nov5:09 pmEST

Stock Market Recap 11/19/15 {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...

19Nov3:25 pmEST

Floating Along for Now

While much of the focus today is on the Square IPO, with SQ flat as a pancake after an opening move higher, and the KBIO drama we looked at in my last blog post, the high yield corporate and junk bond markets continue to flash disturbing signs of weakness. On the updated HYG daily chart, below, high yield corporates could easily be headed for...

19Nov1:04 pmEST

Adult Swim Versus the Triple Lindy

With little biotech KBIO up roughly 400% today in a massive squeeze of one now-infamous short-seller in particular, it is worth reiterating that I am not a fan of short-selling without specific distinctions and elements met before even considering the trade. In this day and age of social media and taking things out of context, to throw...

19Nov10:40 amEST

Captivating Storylines Across Commodities

Gold and especially silver are finally showing signs of life this morning, with silver at least not afraid of its own shadow for the moment. I took down an overnight win in JNUG (triple-long ETF for junior hold miners) inside Market Chess Subscription Services, but may very well seek to reenter to complex on the long side later today if the...

18Nov5:10 pmEST

Stock Market Recap 11/18/15 {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...

18Nov3:15 pmEST

Work Through the Maze

After the FOMC Minutes, the Dollar is holding relatively firm while stocks continue to rally. Many commodities are also reversing higher, namely gold miners, while bonds bounce, too. On the daily chart for the junior gold miner ETF, below, note the textbook "hammer" reversal candlestick printing off an ugly morning session. This reversal is...

18Nov12:32 pmEST

Strolling in for the Main Event

In front of the Fed Minutes being released later today, stocks continue to bounce. For larger perspective, consider the IWM, ETF for the small caps, on the 30-minute timeframe, below. Either the head and shoulders top (outlined at top of chart) we tracked last week (on this timeframe only) will continue to be the controlling pattern, or the...

18Nov10:30 amEST

Inside the High Beta Elevator Down

GoPro has, perhaps, accounted for more retail traders' losses among the high beta momentum names over the last full year than any other stock in the market. Not long ago, we looked at the GPRO chart and surmised that once the IPO lows were breached, we were operating in an area with no prior price memory and therefore there was no telling how...