A Hidden Camera on Bears

08Apr12:59 pmEST

Choppy Waters, Visualized

The 30-minute chart of the QQQ, ETF for the Nasdaq's top 100 stocks, below, illustrates the whipsaws over the last week or two. At the moment, bulls are trying to defend the lower end of this rocky range. $108.61 looks to be a significance level below, now, defended twice late this week, including within the last hour. Leaders like FB GOOGL...

08Apr10:35 amEST

Leave the Gun, Take the Steak (Redux)

A few weeks ago we looked at the stretched firearms plays RGR SWHC, which we had been bullish on for quite some time inside Market Chess Subscription Services. However, after their respective earnings amid tons of seemingly short/intermediate-term bullish headlines about sales, the trade perhaps became too obvious, crowded, and extended on the...

07Apr5:31 pmEST

Stock Market Recap 04/07/16 {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...

07Apr3:36 pmEST

What if Netflix Has Zero Chill?

Several months ago, we looked at a bearish scenario which would requite extreme patience for a prominent leader in the broad market. As a corollary to the weekly chart of the XLY, consumer discretionary ETF, leading glamorous issue Netflix may have needed time after its sell-off in January to form a "right shoulder" of larger top which, in the...

07Apr12:55 pmEST

Two Peaks and a Domed House of Mouse

It is not quite George Lindsay's old Three Peaks and a Domed House Top" pattern, but the long-term chart for Disney sure looks ripe to commence the next leg down in unwinding a laughably steep multi-year uptrend since 2012. On the weekly timeframe, below, note how the $100 level acted as resistance on the latest bounce attempt, with sentiment...

07Apr10:30 amEST

Do I Make You Randgold, Baby? Do I?

Precious metals and miners are quietly having a solid week, threatening to break higher yet after roughly a month-long consolidation across the board. We sold a bit of a NEM long into short-term overbought conditions, but are actively scouting other miners for fresh longs. Randgold Resources Limited is one such idea, basing very tightly after...

06Apr5:11 pmEST

Stock Market Recap 04/06/16 {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...

06Apr3:38 pmEST

Painting the Picture

Although now overbought in the short-term, the biotech sector ETFs (IBB, XBI) may have a bit more juice in the tank before we would expect overhead supply to materialize. To give you the bigger picture, the weekly IBB chart, below, illustrates that the larger cap biotech may have a date with $300, above, before a higher probability short setup...

06Apr12:52 pmEST

Counter Moves in a Complex Game

Steel stocks continue to quietly perform well, on the whole, despite the SCHN gap down after earnings this morning. Letter X is up 3.5% at the moment, capable of a violent squeeze higher. And other names of note have been discussed for Members both as swings and potential long-term investment ideas. Just as with the precious miners, more work...

06Apr10:49 amEST

A Hidden Camera on Bears

Despite a soft open, easing the presumptive gains implied by the futures market overnight, bulls are holding serve into mid-morning. Moreover, biotechnology issues continue to outperform, with IBB breaking to multi-month highs as we speak. At issue is whether this rotation down is simply keeping shorts honest until the next meaningful break...