Next Stop for the Fear Train Is...

22Jan12:57 pmEST

Let's Fix This Problem

With earnings now out of the way for Starbucks, one lingering issue is the huge spread between the endless multi-year uptrend for SBUX versus the perennial heartbreaker of JO, the coffee ETN. While it is true that Starbucks is not necessarily intimately tied to the price of coffee, or perhaps anything close to it, there could no doubt be an...

22Jan11:03 amEST

A Certain Degree of Symmetry

With swinging shorts becoming increasingly risky in recent sessions, given the rising risk of a stretched rubber band market snapping back hard, we have instead tightened our timeframe even more inside Market Chess Subscription Services. The larger picture of the market technicals and damage sustained has not yet changed, despite several calls...

21Jan5:12 pmEST

Stock Market Recap 01/21/16 {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...

21Jan3:15 pmEST

Know What Could Really Help the Market Sort Through These Important Issues?

Orange Mocha Frappuccino Well, perhaps not. But with Starbucks reporting earnings after the bell tonight, it may shed light on whether this market wants to continue to enjoy a bit of a relief rally off of the initial downtrend to begin 2016. On the multi-year winning chart SBUX, below, we still have a very steep angle of ascent which is...

21Jan12:47 pmEST

Up the Road We Go

With so much noise and emotion in a volatility, corrective, even bear market, it is usually worthwhile endeavor to keep things simple and focus on shorter-term timeframes for context. Thus, we return to the seemingly endless falling channel which the small caps have been working through after an initial gap lower to begin 2016. On the updated...

21Jan10:45 amEST

We're All a Little Loonie Watching Oil

In front of a belated crude oil inventory report, at 11am EST this morning, stocks are enjoying a decent bounce. Crude is up a bit, via the USO ETF, too. But, perhaps of just as much significance, the Canadian Dollar, or "Loonie," is finally showing signs of life for at least a relief rally after a powerful downtrend. As we have noted before,...

20Jan4:56 pmEST

Stock Market Recap 01/20/16 {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...

20Jan3:11 pmEST

The Clear Winter Path

One interesting aspect about the price action in 2016 has been the weakness in the small caps staying within the confines of a well-defined falling channel, after the gap down to begin the new year, seen below on the hourly chart. If we had breached the channel to the downside for a bit, I would have thought a more textbook washout bottom...

20Jan12:48 pmEST

Safety in a Tough Neighborhood is an Illusion

As the market sell-off continues to play out, more and more seemingly "safe" stocks now look like sitting ducks on the short side. Stocks like GIS K KO, even MCD PEP, are getting drilled today along with stocks. True, on a relative basis they may not stage GPRO-like carnage. But losses are losses, and the idea is to not "hold and hope" in a...

20Jan10:37 amEST

Next Stop for the Fear Train Is...

A powerful downtrend in the market has yet to create some real fear and raw emotion among market players, with a certain degree of aloofness perhaps dominating the tape. As evidence, consider several major indices and sectors now below their respective August 2015 lows, while the VIX (which measures fear or volatility in the options markets)...