Morning Strength Filled with Tension

03Dec12:35 pmEST

Oktoberfest is Over; Now Comes the Hard Part for Germany

The selling in equities is picking up a bit of steam into the New York lunch hour, as semiconductors did indeed flip red despite the AVGO gap higher. The volatility ETF, VXX, is back over $19. And the IBB, biotech sector ETF, is under $330 and wobbly. We are primarily focused on tactical shorts inside Market Chess Subscription Services, with...

03Dec10:41 amEST

The Volatility Bone Connected to the Jawbone

Amid another round of speeches by key Central Bankers in Europe and the U.S., stocks have whipsawed violently over the last eighteen hours since yesterday's cash close. Nonetheless, rallies have been faded and bears find themselves in the familiar position of trying not to fumble a setup to follow-through the market lower. If that is going to...

02Dec4:50 pmEST

Stock Market Recap 12/02/15 {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...

02Dec3:14 pmEST

Old-Fashioned But Not Obsolete

As much fun as many market players and pundits have had at castigating the transports, what with "Dow Theory" being seen as a relic of Wall Street past, the reality is that the Dow Jones Transportation Average topped out a little over one year ago and remains in a bear market. That 200-day moving average, the yellow line on the daily chart of...

02Dec12:27 pmEST

Last Run Before the Eruption

Crude oil had a wild morning in what seems like has become the norm for violent whipsaws without much progress to show for it. After spiking to green before inventory, Black Gold is now soundly in the red, taking energy stocks down with it in what was already a soft session for commodity-related issues. The USO, crude oil ETF, is down nearly 3%...

02Dec10:39 amEST

Doing Vegas Properly

While much of the focus in the casino sector these days seems to be on whether LVS WYNN and pure Macau play, MPEL, are bottoming after relentless downtrends, MGM and BYD look to be sporting stronger overall chart setups. If the casino resorts do, in fact, rally into the holidays as a reprieve after what has been a rough year for them, then I...

01Dec5:02 pmEST

Stock Market Recap 12/01/15 {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...

01Dec3:04 pmEST

Making Up for the Fallen Angels

With some solars and high beta China names perking up today, like SCTY SUNE, it looks like momentum traders are shifting downstream from the likes of AAPL to take on a bit more risk. On the daily chart for Apple, below, the stock is clearly struggling today and indeed overall versus the broad market. Holding under $117.50 would now place the...

01Dec12:42 pmEST

Scouting Around Chinatown for Lunch

BABA and BIDU, among a few other high beta China stocks, created a buzz into the bell yesterday with their surging price action. Both of those names, and the likes of CTRP, are pausing today. But SINA is a name worth watching, along the same lines. On the daily chart, below, note the constructive basing action over all major moving averages....

01Dec10:34 amEST

Morning Strength Filled with Tension

After a strong open, equities are coming in off a recessionary (sub-50) ISM Manufacturing Index number. It is likely we are seeing the market look to shake out as many players as possible before it eventually commits to a new direction. In the meantime, as we have for a while now inside Market Chess Subscription Services, the key is staying...