The Invisible Line

22Oct3:17 pmEST

Looking for Sweet Symmetry

Headed into the final part of today's session, sugar still figures to be the most reliable commodity out there, of late. To follow-up on recent blog posts, sugar has been acting better and better in the wake of a one-way multi-year bear market. On the weekly chart for the ETN, below, sugar is now overbought at the upper weekly Bollinger Band. ...

22Oct12:43 pmEST

An Interesting Squeeze

Extreme strength in the large cap industrials, namely BA GE MMM, is helping to propel the Dow Jones Industrial Average up 300 points as I write this. The nagging issues for the market, however, still remain in play, namely the small caps below multi-week resistance and the healthcare/biotech flashing red in many instances, today, with VRX...

22Oct10:36 amEST

Yelling "Fore!" on This Chart

After earnings, premier retail and market growth name Under Armour is sitting out this rally this morning. The stock is now more than 4% as I write this. Despite seeing the firm's rising stars (Steph Curry, Jordan Spieth) enjoy breakouts over the summer, the stock had already seen a monstrous, multi-year uptrend leading into which, which means...

21Oct4:56 pmEST

Stock Market Recap 10/21/15 {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...

21Oct3:11 pmEST

There is Never Just One Bluebird

The healthcare and biotech complex continues to fight off several major stocks seeing swoons (and halts) in recent sessions, ranging from BLUE to VRX RLYP. Beyond VRX, HZNP has also been getting hit. But, consistent with how resilient bulls have been in the market at-large, buyers stepped right in at 2020 on the S&P 500 Index, a level Members...

21Oct12:57 pmEST

Carefully Crafting an Invasion

Amid the VRX and AGN drama and halts today, as both healthcare stocks take a pounding and presumably seen their multi-year uptrends continue to unravel (also see HZNP), other parts of the market continue to hold up well. Transports and semiconductors have been resilient of late, for example. But, overall, keying off the small caps should...

21Oct10:15 amEST

Flashy Cars and Substance

Looking beyond the Ferrari IPO (trading under, "RACE") this morning, I noted to Members early on that when we see the price action in IPOs trading on their first day immediately head south, as RACE has done along with biotechnology stocks this morning, it can often mean souring risk appetite for the market at-large after a multi-year uptrend. ...

20Oct4:54 pmEST

Stock Market Recap 10/20/15 {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...

20Oct2:39 pmEST

Solar City Pork: The Other Musk Meat

Even as financials and transports hold green today, the market at-large appears to slowly be losing more leadership. In particular, the healthcare triumvirate of HZNP NBIX VRX all look vulnerable to secondary legs lower now. Moreover, TSLA is gaining tons of attention today with 10% sell-off below the $215 area for a sizable breakdown. But...

20Oct12:34 pmEST

The Invisible Line

A simple yet effective strategy for staying out of trouble in the market, chasing longs short-term, has been to key off the $116.15 area we observed recently on the IWM, ETF for the small cap-led Russell 2000 Index. That level has essentially been a resistance line for this rally dating back to September. Updated below on the 30-minute...