Stock Market Recap 12/21/15 {Video}

28Dec10:49 amEST

He Knows When You've Been Bottom-Fishing

In the midst of the seasonal "Santa Claus Rally," typically extending into the first week or so of the new year, stocks are giving back some of last week's gains. We are still keying off 2045 on the S&P 500 Index as a basic line in the sand, though I suspect we will not get more concrete answers until next calendar year. Meanwhile, the lagging...

27Dec1:38 pmEST

Weekend Overview and Analysis 12/27/15 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend 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. Please click here for...

26Dec5:42 pmEST

Saturday Night at Market Chess Cinemas

The great comedian, actor, and this case writer and star Steve Martin says that it took him seven years to write the fantasy comedy/drama L.A. Story (1991), which easily ranks among his best work. You can really tell how Martin took time to make sure the writing had depth and was original. I think this film, going on nearly twenty-five years...

24Dec9:58 amEST

Waiting to Take Shape

As we wind down this Christmas-shortened week of trading today with the 1pm EST early close, markets are still punishing traders trying to force in a given thesis to what has been a decidedly amorphous tape for quite some time. The S&P 500, for example, is trading roughly 20 handles lower than it was last Christmas Eve, while we know the FANG...

23Dec12:23 pmEST

Kiss Everyone Without Fangs Under the Mistletoe

The Christmas week rally is drifting higher as I write this, with index bears disappearing into the unseasonably warm winter night after last Friday's sharp sell-off. However, the glaring laggards are seen among the esteemed market leadership in the Nasdaq, namely the red prints on AMZN FB GOOGL, with NFLX having previously lagged for several...

23Dec10:41 amEST

One False Move or More

On Stocktwits yesterday and on the private Twitter feed for Members we looked at a potential false breakdown, or "bear trap," in the XLE, energy sector ETF. For quite a while now, we have been interpreting the XLE chart as decisively bearish, resisting the urge to declare a major inflection point at hand to what has been, in effect, an energy...

22Dec4:47 pmEST

Stock Market Recap 12/22/15 {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...

22Dec1:03 pmEST

A Bet on a Midlife Crisis for the Holidays

Buyers have defended against the market holding red thus far this week, with intraday fades being bought yesterday and today. If that patterns persists into Christmas, I have my eye on Ferrari (RACE) for a quick long. Among recent IPOs, the likes of BUFF PYPL SQ look to be basing tightly here on their daily timeframes. PYPL is attempting to...

22Dec10:38 amEST

One and One We Were Having Some Fun

A critical issue headed into 2016 is whether the "one and one" theme continues among market leadership. Specifically, while the FANG Gang, meaning FB AMZN GOOGL NFLX, have held up well after steep uptrend, other leaders are falling by the wayside one by one. We know CMG has been in the news, but regardless of how you interpret it the chart was...

21Dec4:56 pmEST

Stock Market Recap 12/21/15 {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...