A Straightforward, Technical Trade

16Dec12:47 pmEST

It's the Money Shot Time of Year

Leading into the Star Wars: Episode VII release, IMAX is perking up. On the weekly chart, below, the heavily-shorted issue is on watch long for a squeeze breakout higher into year-end (primetime movie season) if it can hold over $39.20 now. Note the weekly chart firming up of late, after a rough summer. As for the market at-large, headed...

16Dec10:45 amEST

Foul Line Extended

One of the more overlooked aspects of technical analysis is that prior trendlines, valid because the market has shown sensitivity to them, are still value-additive to your process as a trader even after they have seemingly been breached and a prior pattern has been completed. Case in point: In recent weeks both on this website and for Members...

15Dec4:34 pmEST

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

15Dec2:58 pmEST

Ack is off His Back

A nice reprieve for Bill Ackman today, with his VRX up nearly 19%, on news, as I write this. Nonetheless, the damage still remains, with a confirmed head and shoulders top of the prominent healthcare player. Clearly, the stock has done its job of punishing just about everyone involved, be it steadfast bulls who failed to take profits into an...

15Dec12:42 pmEST

Second Consolidation for the Second Amendment

A common issue for many traders is putting politics and other potential internal conflicts to one side, particularly when legislative risk is on the table. Given the surge in mass shootings in recent years, the firearms makers, RGR SWHC, figure to be in the spotlight. SWHC has seen a spectacular rally in recent weeks on heavy and steady buy...

15Dec10:31 amEST

The Fireworks Are Just Getting Started

After yesterday morning's wild intraday volatility eventually culminated with an upside reversal, bulls are pushing higher yet today for a broad market oversold rally, with beaten-down controversial stocks like LL and VRX both keeping shorts honest with sharp squeezes higher. Note that this is all happening as we build towards the...

14Dec4:36 pmEST

Stock Market Recap 12/14/15 {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...

14Dec2:39 pmEST

Not What They Bargained for at the Bazaar

Lost in the mix of the weakness in emerging markets, be it China, Russia, Brazil, or even the shocks seen in South Africa, has been the geopolitical risks seen in Turkey. We have been discussing TUR, the Turkey country ETF, as a short idea for Members over the last week or so. Updating the mostly timeframe for Turkey, below, what is even more...

14Dec12:18 pmEST

Maneuvering Around Destruction

Despite more carnage in the likes of GPRO HYG JNK KMI and natural gas today, markets are holing the line at the moment after bears made a few attempts to really spin equites out of control earlier this morning. On the 30-minute chart of the small cap ETF, below, we noted for Members not long ago that the IWM was printing a textbook "hammer"...

14Dec9:54 amEST

A Straightforward, Technical Trade

To follow-up on an open trade we discussed last week, I just covered up half of an open AAPL short inside Market Chess Subscription Services at $110.97. I had entered the trade at $116.57 with a protective cover-stop over $120. Despite all of the noise out there right now abut The Fed, macro data, sentiment, seasonality, etc., AAPL looks as...