There's a New Doctor in Town, But He Might Give You the Diabeetus

27Mar3:56 pmEST

Weekend Overview and Analysis 03/27/16 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend 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. Please click here for more...

26Mar8:53 pmEST

Saturday Night at Market Chess Cinemas

I just finished watching the first two seasons of Bosch , a television series produced by Amazon Studios. Based on three of Michael Connelly’s novels: City of Bones, Echo Park, and The Concrete Blonde, Bosch is incredibly impressive on many levels and is not your run-of-the-mill detective drama (of which there are plenty these days). Titus...

24Mar1:20 pmEST

Fighting the Good Fight Into Easter

While the gap down in equity markets this morning has not necessarily been overpowered buy bulls, the downside selling pressure remains less than stellar, with small caps fighting the good fight well off session lows. On the IWM (ETF for the Russell 2000 Index) 30-minute chart, below, note the small caps had led to the downside this morning but...

24Mar11:05 amEST

The Tesla Hudsucker Proxy

In what has been a fairly easy market to get chopped up, the chart for Tesla Motors remains a good way to make sense of the action over the past few weeks and months. TSLA is a momentum leader which suffered a sharp correction in January, then proceeded to rally more than 50% into March before pulling in the last few sessions. Clearly, TSLA...

23Mar4:54 pmEST

Stock Market Recap 03/23/16 {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...

23Mar3:42 pmEST

Skirmishes and Small Rebellions

Today's price action represented a few skirmishes or sorts (note the VIX ETFs finally catching a reprieve of sorts), though bears need to more aggressively seize back control of many parts of the market in the way of follow-through in the coming sessions in order to make this an all-out war. The semiconductors, for example, are finding some...

23Mar12:51 pmEST

An Adventure Into the Fire

The rally in biotechnology shares in recent sessions has tempted many to look for a meaningful bottom, which may still be a possibility, after months on end of notably weak price action. It is worth noting that IBB, the larger cap biotech sector ETF (below on the daily timeframe) still has yet to precisely test its 50-day moving average since...

23Mar10:48 amEST

Nike: Just Sweat It

The post-earnings gap down in Nike this morning raises a few issues for a very important part of the market. While it is true that NKE is now a Dow component, it is still a major holding in the XLY, ETF for the consumer discretionary sector. AMZN is the top holding in the XLY, but NKE is likely a key piece of the puzzle into the spring months....

22Mar5:27 pmEST

Stock Market Recap 03/22/16 {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...

22Mar3:38 pmEST

There's a New Doctor in Town, But He Might Give You the Diabeetus

Sugar continues its wildly impressive bull run today, with coffee following suit. We have been profiling the improvements in sugar for a few months now, with a higher low firmly in place on the weekly chart of the sugar ETN, below. With this in mind, consider that sugar may be the new "Doctor," or barometer for commodities, in lieu of copper,...