This is for Fighting This is for Fun

07Jan3:38 pmEST

Dangerously Oversold, Again

As we discussed last August in real-time, markets which remains persistently oversold and do not bounce when they seemingly "should" bounce tend to be uniquely dangerous. In my estimation, the rally last October sugarcoated much of the pain from that lesson, but there are times when the market fails to recover with anywhere close to as much...

07Jan12:15 pmEST

Are You Not Contained?

Headed into the New York lunch hour, stocks are off session lows and not necessarily the bloodbath which could have materialized, given the action overnight. And, yet, bounces have been contained for now, with sentiment largely consisting of traders waiting with bated breath for the seemingly inevitable snapback rally. Nonetheless, the true...

07Jan10:43 amEST

A Plot Twist for the Loonie

To follow-up on a blog post from yesterday, the petro-currency, Canadian Dollar or "Loonie," continues to merit attention as crude oil searching for some type of tradable low. I have doubts as to anything remotely close to a major, durable low in crude until we see massive global supply cuts. However, crude may be close to keeping shorts...

06Jan5:05 pmEST

Stock Market Recap 01/06/16 {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...

06Jan3:34 pmEST

A Race Against the Loonie

Headed into the bell, stocks are bouncing off session lows. NFLX is still enjoying its squeeze from earlier it the day, and sentiment seems to be convinced the selling in the market is largely contained. One point to note is that the Canadian Dollar, or "Loonie," continues to weaken. The Loonie is often seen as a commodity or petro-currency,...

06Jan1:09 pmEST

Netflix Everywhere, Except China and Above Recent Highs

Shares of NFLX popped just now, likely related to this news . The momentum stock had been oversold, sitting at its lower daily chart Bollinger Band, was due for some type of snapback rally to keep latecomer shorts honest about how challenging shorting high beta names can be before we are in a full-blown bear market. Still, the fact remains...

06Jan10:50 amEST

Upside-Down Thirst for Risk

Even though they are both ETFs which house small capitulation issues, the IWM (ETF for the Russell 2000 Index) and the GDXJ (ETF for the junior or smaller cap gold miners) are, ironically, sporting mirror-image-in-reverse 30-minute charts. This phenomenon may be a function of several factors, such as the news overnight out of North Korea,...

05Jan5:08 pmEST

Stock Market Recap 01/05/16 {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...

05Jan3:18 pmEST

Now They'll Really Need That American Toughness

Whether or not F longs can be "Ford Tough" at critical, long-term price support remains to be seen In the face of rising car sales and headlines that the auto industry is "flourishing" today, Ford is trading lower over 2% at the time of this writing. Generally speaking, trading lower on "good" news is a bearish sign. But to be more objective...

05Jan12:31 pmEST

This is for Fighting This is for Fun

As noted earlier, we took profits in SWHC for Members early on the long side as they trade higher this week. However, with the bullish action in RGR SWHC becoming widely-discussed now across all forms of media, we could easily see a short-term shakeout before they go higher yet. We are opportunistically stalking a reentry now in the coming days...