Weekend Overview and Analysis 12/20/15 {Video}

23Dec12:23 pmEST

Kiss Everyone Without Fangs Under the Mistletoe

The Christmas week rally is drifting higher as I write this, with index bears disappearing into the unseasonably warm winter night after last Friday's sharp sell-off. However, the glaring laggards are seen among the esteemed market leadership in the Nasdaq, namely the red prints on AMZN FB GOOGL, with NFLX having previously lagged for several...

23Dec10:41 amEST

One False Move or More

On Stocktwits yesterday and on the private Twitter feed for Members we looked at a potential false breakdown, or "bear trap," in the XLE, energy sector ETF. For quite a while now, we have been interpreting the XLE chart as decisively bearish, resisting the urge to declare a major inflection point at hand to what has been, in effect, an energy...

22Dec4:47 pmEST

Stock Market Recap 12/22/15 {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...

22Dec1:03 pmEST

A Bet on a Midlife Crisis for the Holidays

Buyers have defended against the market holding red thus far this week, with intraday fades being bought yesterday and today. If that patterns persists into Christmas, I have my eye on Ferrari (RACE) for a quick long. Among recent IPOs, the likes of BUFF PYPL SQ look to be basing tightly here on their daily timeframes. PYPL is attempting to...

22Dec10:38 amEST

One and One We Were Having Some Fun

A critical issue headed into 2016 is whether the "one and one" theme continues among market leadership. Specifically, while the FANG Gang, meaning FB AMZN GOOGL NFLX, have held up well after steep uptrend, other leaders are falling by the wayside one by one. We know CMG has been in the news, but regardless of how you interpret it the chart was...

21Dec4:56 pmEST

Stock Market Recap 12/21/15 {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...

21Dec3:32 pmEST

A Tale of Two Dips

Working our way through the final hour of this holiday week, note that the S&P 500 is back down to last Monday's lows before that Fed rally ensued. On the 30-minute chart of the SPY, ETF for the S&P, below, note how unlike a week ago we are now leaning down against these lows, potentially bear-flagging. In addition, the likes of HYG JNK are...

21Dec12:54 pmEST

Twitter Bird Drowning in Holiday Brine

TWTR is turning out to be a textbook example of a downtrending stock sliding down the "slope of hope." We often hear about the "wall of worry" which bull markets climb, rising in the face of every apparent reason to crack. But many extremely damaged charts in the current market climate, namely the energy stocks, transports, and broken...

21Dec10:38 amEST

He Who Denied it, Supplied It

The seemingly endless downtrend in natural gas is taking a respite this morning, with UNG up nearly 7% as I write this. As we know, bear markets often feature some of the most violent counter-trend rallies, as latecomer shorts get caught leaning when then should likely have been covering up for discipline, on top of the usual suspects chasing...

20Dec4:35 pmEST

Weekend Overview and Analysis 12/20/15 {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...