The Pain Trade Cometh

28Jul3:27 pmEST

We're Just in Between Rounds

The summer doldrums seem to be kicking in a bit today, with the market pace rather slow and many traders apparently becoming frustrated with most indices locked in a two-week range. However, it appears that we are simply in-between rounds of a boxing match, given the loaded lineup of earnings reports tonight GDP in the morning, not to mention...

28Jul1:08 pmEST

It's Tin Foil Hats Versus Tin Foil Wraps at Chipotle

Making the case that Chipotle Mexican Grill is a bonafide market leader is a tough one, and is one that I am not about to tackle. However, just as with Apple, you are talking about a previous market leader which has been mired in a strong technical downtrend over the last year or so. And even if AAPL and CMG do not reclaim their leadership...

28Jul10:50 amEST

Heating Up in a Flash

Natural gas has been rather quiet since July 4th, sliding under the radar as crude's weakness took on a more prominent role. But this morning headed into inventory we noted for Members that natty rallying in front of the report, and is now surging even more afterwards. For context, the UNG daily chart, below, ETF for natty, shows the $8.25...

27Jul4:39 pmEST

Stock Market Recap 07/27/16 {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...

27Jul3:35 pmEST

Summer Sugar Rush in Effect

While the Fed statement accompanying its decision to stand pat earlier may be construed as somewhat hawkish, in reality the Fed has not taken away the punch bowl by raising rates. And, as is often the case in life, actions speak louder than words. To that point, precious metal and miners are seemingly galvanized by the Fed's decision, rallying...

27Jul12:32 pmEST

Dead Ahead of The Fed

After the AAPL and TWTR fireworks carried over this morning from last evening's earnings report, the market is largely asleep in front of the 2pm EST FOMC Announcement. Beyond that, we have plenty more significant earnings reports this week, with FB tonight and AMZN GOOGL tomorrow, among others. The inability of crude oil to hold a bounce...

27Jul10:34 amEST

Assessing the Good and Bad Earners

After some premier firms reported earnings last night, the likes of EW in the medical device space continuing to thrive seems to be overlooked as the more popular names AAPL and TWTR garner attention. Apple still may no longer be a bonafide market leader, a mature brand indeed. However, on the first daily chart, below, bears should not be so...

26Jul4:41 pmEST

Stock Market Recap 07/26/16 {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...

26Jul3:49 pmEST

That'll Get Your Attention

The move in many chips today is certainly noteworthy, considering they had already been strong. The ADI for LLTC buyout rumor resulted in LLTC being halted in front of earnings tonight. Speaking of which, AAPL and TWTR headline tonight's report as we head into the FOMC tomorrow and a slew of more significant earnings, too. Beyond that,...

26Jul12:50 pmEST

The Pain Trade Cometh

Headed into the afternoon portion of the session, equities are by and large working through a very short-term sloppy pattern (within an intermediate-term tighter one) on the major averages. In all likelihood, it is tough to become overly-aggressive in front of some premier earnings reports, The Fed, and GDP later in the week. To be sure,...