In Context for the Afternoon

21Sep3:51 pmEST

FED AGAIN

Another punt by The Fed and another celebration by stoxks, bonds, and commodities. At some point, markets are going to force Ms. Yellen's hand, particularly the gold market. For now, I am looking to see if today's upside moves can stick and follow-through in the coming days. More in my recaps after the bell.

21Sep1:06 pmEST

Hawks vs. Doves

Ahead of the big FOMC decision whether to raise rates to stand pat, along with plenty of rhetoric as a side dish, precious metals and miners are rallying. Perhaps this may very well be a sign that "someone knows something." But is could just as easily be setting up a "sell the news" reaction. So, gamesmanship is typically a fallacy for these...

21Sep10:57 amEST

Netflix Negotiations Reaching a Tipping Point

For a while now, we have been tracking Netflix as it negotiated its 200-day moving average, still decline and presenting a formidable challenge for even the most steadfast bulls in the name. NFLX recently fell behind the pack of major leaders, such as AMZN FB GOOGL, even PCLN, in terms of technical strength. And that is persisting this...

20Sep4:28 pmEST

Stock Market Recap 09/20/16 {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...

20Sep3:43 pmEST

Some Old-Fashioned Island Hopping

The drifting action into the FOMC continued today, with pockets of momentum largely relegated to the small and mid-cap biotechnology arena. I am very light here in terms of my exposure, but after The Fed tomorrow there are a few of the biotechs on my radar. Indeed, it seems as though biotech bulls are island hopping within the space, which...

20Sep1:02 pmEST

Mr. Buffett: It's Time to Be Ruthless

"LOSE MONEY FOR THE FIRM AND I WILL BE UNDERSTANDING. LOSE A SHRED OF REPUTATION FOR THE FIRM, AND I WILL BE RUTHLESS." -Warren Buffett Given Berkshire Hathaway's sizable stake in Wells Fargo, it is likely that Mr. Buffett is being rather calculating in terms of his reaction to the scandal, if there is going to be one. Ether way, Wells is...

20Sep10:35 amEST

Forget the FOMC: Here's the Real Main Event of the Week

Well, to be sure, The Fed still carries a good deal of significance for most asset classes this week. However, I suspect whether The Fed is hawkish or dovish will have little impact on the natural gas market. Natty has quietly been turning in impressive sessions of late, even as crude has lingered and is merely trying to hold the line. On the...

19Sep3:53 pmEST

Stock Market Recap 09/19/16 {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...

19Sep3:46 pmEST

Thumbs Up for This Restaurant, Thumbs Down for That One

To follow-up on an idea noted previously on the site, while CMG is still struggling to piece together a snapback rally in its ongoing downtrend FRGI is actually looking like the better choice for a restaurant bottom. On the updated daily chart, below, we want to see if bulls can now convert this $26 level into support. Both CMG and FRGI have...

19Sep1:13 pmEST

In Context for the Afternoon

The lagging Nasdaq is red as I write this, though the small caps in the Russell 2000 Index are soundly in the green. Either way, stocks are still well off session highs as we work our way through the early-afternoon portion of the day. I am looking to see if buyers step in for another thrust higher, as they have often done with these lunchtime...