An EZ Tell on Gold

14Sep3:47 pmEST

Merrie Olde England

It has been a while since we update the British Pound Sterling analysis. But long-time readers will recall we continue to look for a bottom here, given the technicals, in part, of the FXB (ETF for the Sterling versus a basket of developed economy currencies). On the FXB weekly chart, below, the Pound has done an admirable job of moving to its...

14Sep1:27 pmEST

An Old Bucket Shop Play

As far as issues which trade on a major exchange (in this case, the Nasdaq), it does not get too much more speculative than a very small cap China play in the electric car sector. And, yet, if Kandi Technologies Group, Inc., based Jinhua, China, cannot figure out a way to turn its beaten-down chart around now, I suspect it may never find a...

14Sep10:40 amEST

First Solar Might Be Next in Line

Given the recent news flow, China solar plays have, understandably, been the focus of attention for momentum traders within the TAN (sector ETF for solars). However, it is worth remembering that the domestic solar plays still may very well stand to benefit from the populist tone in Washington. Beyond politics, the First Solar chart, below on...

13Sep8:26 pmEST

Stock Market Recap 09/13/17 {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...

13Sep3:32 pmEST

If the Market is on Yayo, Then We Must Look at Zayo

All in all, today shaped up as a hangover of sorts after the Apple event yesterday, despite some fireworks with China electrical car play KNDI rallying but EFC and iRobot tanking. Still, it is tough to become too bearish on the Nasdaq when it is not giving much back off its recent gains. And if we do continue to chug on higher, a name like...

13Sep1:16 pmEST

Need More Cyber Details Beyond A/S/L

The technical progress in the likes of SPLK and QLYS, and now FEYE surging today, highlights the improvement in the HACK, cybersecurity sector ETF. Cybersecurity has been a buzzword for a while now. But, as usual, the market takes its sweet old time as to when it wants to acknowledge a given theme. In this case, HACK bulls have had their...

13Sep10:48 amEST

A Nitty Way to Try to Profit

If you are a poker "nit," then it does not get much better if you can make money in the stock market by playing a stock with the ticker symbol, FOLD. In this case, FOLD is the symbol for the biotechnology firm, Amicus Therapeutics, Inc.. FOLD specializes in rare and orphan diseases. And despite a late-stage trial failure this morning, the...

12Sep3:53 pmEST

Stock Market Recap 09/12/17 {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...

12Sep3:49 pmEST

The Apple Event and Jamie Dimon's Bitcoin Bashing Were Not the Real Stories Today

No, the real story is likely that Treasuries (first daily chart, below of TLT ETF) staged a false breakout and reversed down from well-defined resistance on heavy sell volume (meaning rates are going up), while regional banks (second chart, below, of KRE ETF daily timeframe) just staged a false breakdown, reversing higher on heavy buy volume. ...

12Sep1:32 pmEST

An EZ Tell on Gold

From a trading standpoint, the Apple event taking place as we speak is not much of a concern to me, either way, beyond keeping tabs on a few supplies like QRVO and SWKS. Form my vantage point, markets are grinding up to burn recent hedges to the ground, in terms of the VIX and TLT, even gold. On that note, the issue is whether gold was...