The Yen Looks Like an Erupting Volcano on Iwo Jima

12Feb2:48 pmEST

Ketchup to Those Miners

One of my many important concepts we have been discussing for Members on a daily basis regarding the recent surge in precious metals and their miners of late is whether we see some of the not-yet-extended miners begin to play catch -up. Royal Gold is one such example, below on the daily timeframe and not over its 200-day moving average (like...

12Feb12:51 pmEST

Big Hammers and Big Volume

Although today may largely prove to be a fairly low volume bounce in the market, the story this week could easily be the heavy volume we have seen in the likes of crude oil, gold and precious metals miners, and headliner Deutsche Bank. As an example, consider the DB weekly chart, below, and massive volume this week as the stock reverses...

12Feb10:47 amEST

From Hero to SLoB

There can be no doubt that energy stocks, despite not making new lows (for OIH, XLE) on this latest downdraft in the market, still have plenty of work to do to cement anything remotely close to a durable bottom. Nonetheless, the resilience in heavyweights like XOM should not be dismissed by bears. Beyond that, another heavy weighting in both...

11Feb5:12 pmEST

Stock Market Recap 02/11/16 {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...

11Feb3:27 pmEST

O is for OPEC, That's Good Enough for Squeeze

Just as the S&P 500 Index momentarily took out its January lows, a headline crossed the wires that OPEC members might be ready to cooperate on a cut of oil production. As we know, bearish overall markets tend to feature more sensitive correlations between asset classes, due to confusion and fear, and therefore stocks also spiked up with oil on...

11Feb12:43 pmEST

Total DB Move

Much like at various junctures in the 2008 bear with Bear Stearns, Fannie/Freddie, AIG, then Lehman and Citi, equities may very well be tethered to the day-to-day movements in the likes of CS and DB, two European banks under significant pressure and may be indicating systemic risk. Although it may seem too obvious and simplistic to draw that...

11Feb10:49 amEST

Aerospace and Defense: Time to Come Back Down to Earth

Many aerospace and defense stocks have seemingly defied the market selling in 2016. Beyond that, they have largely enjoyed steep, multi-year uptrends. Today, however, the likes of Boeing are getting sold hard, in addition to mainstays like GD LMT RTN. I also view a chart like NOC, below on the daily timeframe, as being an actionable short...

10Feb5:31 pmEST

Stock Market Recap 02/10/16 {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...

10Feb3:11 pmEST

The Last Minute Strip

We noted in the Midday Video for Members that the semiconductor stocks were suspiciously weak today, even with the Nasdaq at-large leading the rally. As it turned out, semis may have been some type of canary today, as we head into the final hour. The market simply has not yet staged a runaway short squeeze higher, a thesis which many market...

10Feb12:50 pmEST

The Yen Looks Like an Erupting Volcano on Iwo Jima

While stocks bounce today, the Japanese Yen is not coming in the way you would expect for a "risk on" trading session. The FXY, Yen ETF, below on the daily chart, shows price on its way to a confirmed weekly base bottom, assuming it does not lose $83 before Friday's close. You can see the launching pad the base provides, stretching back over...