Stock Market Recap 11/23/15 {Video}

27Nov12:41 pmEST

Greasy Russian Cabbage Soup

Select issues continue to perform reasonably well today, as we close up shop momentarily for the weekend. In particular, small caps, transports, and biotechs continue to outperform. But it is worth noting that IBB IWM IYT XBI all currently operator below their 200-day moving averages. So with meow than three weeks to go before Christmas, we...

27Nov10:21 amEST

The Nefarious Activities of Chad

If the breakout highlighted below on the daily chart of CHAD, the bearish China mainland ETF (essentially inverse to ASHR), holds true, then China may be starting a fresh leg lower. A new leg down in China is not something I believe too many are expecting at this point, given all of the wide-ranging assumptions that crude, global commodities,...

26Nov11:30 amEST

Happy Thanksgiving from Market Chess

On this Thanksgiving Day, I am grateful for many things: Close family, true friends, and good health, above all else. Without those, life loses a certain richness and depth. I am also grateful for the broad, market mechanism regarding the way in which the internet operates in an open society. The wonderful thing about this day and age of...

25Nov3:00 pmEST

Planes, Trains, and Automobiles

I am leaving a bit early today to travel for Thanksgiving. Markets will be closed tomorrow for the full session, but open on Friday until 1pm EST. As for the tape, small caps and biotechs look to be benefitting the most from the holiday drift higher. I closed out some positions and will come back fresh for Members for the Weekend Video...

25Nov12:40 pmEST

The Last Gasp of a Common Theme This Autumn

Small cap and biotechnology issues are outperforming again today, as the holiday drift appears to be setting in. Throughout this autumn, we have seen intervals where those groups have outperformed. However, it is worth remembering that the IWM and IBB XBI biotech ETFs are all trading well below their 200-day moving averages. So, we are not...

25Nov10:48 amEST

Big Green Tractor in a Big Green Range

One of the more interesting events over the summer, which we discussed back then in real-time on this website , was that John Deere was making fresh highs while Caterpillar, another large cap ag machinery play, was teasing multi-year lows. We surmised that something had to given with this spread between CAT and DE, and it was more likely...

24Nov5:13 pmEST

Stock Market Recap 11/24/15 {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...

24Nov2:23 pmEST

Tomorrow at High Noon

Due to the Thanksgiving holiday on Thursday, the natural gas inventory report has been pushed up to tomorrow at 12pm EST. We know natty has been a heartbreaker for a while now, with even the profitable counter-trend bounces in 2013 and 2014 been noticeably absent for much of this year. At issue, though, is whether we are near an infection...

24Nov11:17 amEST

The Hunt for Thanksgiving Oil

Crude oil spiked up this morning after the downing of a Russian warplane near the Turkey-Syria border. As we speak, the USO ETF for crude is pulling back in to that $13.25 level we looked at yesterday. If crude is going to put in a low here, once and for all, I suspect converting that level into support headed into tomorrow morning's inventory...

23Nov5:22 pmEST

Stock Market Recap 11/23/15 {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...