Not Just About That Silver Action, Boss

21Apr12:37 pmEST

Tracking the Rotations

The "safety" trades seeking yield, namely in the IYR XLP XLU sectors, are unwinding for the second consecutive session as I write this. At issue now is where we see that money flowing, be it to higher beta/riskier sectors like the XBI (small/mid-cap biotech ETF) or beaten-down hot tamales like FIT GPRO LNKD TWTR YELP. And then there is always...

21Apr10:36 amEST

Silver is in the Anything Goes Phase

Appearing to be well on its way to confirming an intermediate-term bottom, silver likely carried out some stubborn shorts in body bags this morning with yet another opening gap higher. But silver then sharply reversed lower and promptly punished latecomer longs, only to now flip back to green as I write this. The main point is to keep...

20Apr5:08 pmEST

Stock Market Recap 04/20/16 {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...

20Apr3:24 pmEST

King Dollar Down, But Not Defeated

Those declaring the end of the greenback may still be a bit too early, despite the ferocious rally in commodity stocks and most things "inflationary," of late. The UUP, ETF for the U.S. Dollar versus a basket of developed economies' currencies, did indeed lose fifteen-month support (lower light blue line on daily chart, below) over the last...

20Apr12:58 pmEST

Alternatives to Funyuns, Easy Cheese, and Bugles on 4/20

In lieu of the usual "munchies" on 4/20, fast food plays SONC and WEN appear to be setting up nicely on daily timeframes, below. Note the surge in recent months, followed by an orderly drift down to their respective 20-day moving averages over the last few weeks. If we see some rotation away from MCD down to other fast food plays, these two...

20Apr10:55 amEST

The Greatest Hustler Who Ever Lived

Berkshire Hathaway owns roughly 400,000,000 shares of The Coca Cola Company, one of Warren Buffett's core holdings and the type of durable company and brand he once mentioned he could sleep at night even if he had put every dime to his name in the stock. As an aside, I am sure Buffett also loses very little sleep about fellow billionaire Bill...

19Apr5:20 pmEST

Stock Market Recap 04/19/16 {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...

19Apr3:47 pmEST

Materials, Miners, Oil: The Plot Thickens

We are seeing shades of an often forgotten-about aspect of 2008: The first two quarters of that year were characterized by powerful rotations into the industrial/materials/energy/mining complex. Of course, the resilience in equities as a whole (and a lack of a Bear Stearns) contrasts to 2016, thus far. But regarding the bullish action in...

19Apr1:03 pmEST

Within Reach, Again

You can almost feel the opportunity for bears presenting itself again, another in a long line of fumbles since the rally in equites commenced back in February. The price action and potential major top in NFLX is helping the cause for bears today in the market's downside reversal to red, as is the soft action in semis and biotechs. Still, we...

19Apr10:36 amEST

Not Just About That Silver Action, Boss

While the surge in silver is impressive this morning and piggybacks our analysis from last week where we presented a major, weekly chart inverse head and shoulders bottom in play, the reality is that virtually the entire materials/miners/commodity complex is improving on intermediate-term timeframes. We have been tracking and playing the...