Carefully Crafting an Invasion

23Oct3:23 pmEST

An Incestuous Relationship

Headed into the end of October, with the holidays rapidly approaching to wind down 2015, the interplay between the consumer discretionary and retail stocks is coming to the forefront of market issues in play. Led by the mighty AMZN DIS HD MCD NKE SBUX, the XLY has led the broad market rally in October on many levels, never seeing the consumer...

23Oct1:09 pmEST

Almost on the Other Side of the Mountain

Despite the rally on the indices of late, we know many growth issues continue to struggle and flash divergences. PANW, for example, has been an undisputed winner for many quarters now, a surging young tech firm. On the daily chart, updated below and zoomed-out, however, we can see a major topping pattern still playing out as the stock lags...

23Oct10:59 amEST

The New Q, Same as the Old

On this gap higher, essentially back to the summer (as well as dot-com bubble highs), in the QQQ this morning, ETF of the Nasdaq-100, it is hard not to conjure up the October 2007 scenario where price made a marginal new high as the bull market concluded. Given the damage sustained in late-summer, with the QQQ taking out several quarters worth...

22Oct5:19 pmEST

Stock Market Recap 10/22/15 {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...

22Oct3:17 pmEST

Looking for Sweet Symmetry

Headed into the final part of today's session, sugar still figures to be the most reliable commodity out there, of late. To follow-up on recent blog posts, sugar has been acting better and better in the wake of a one-way multi-year bear market. On the weekly chart for the ETN, below, sugar is now overbought at the upper weekly Bollinger Band. ...

22Oct12:43 pmEST

An Interesting Squeeze

Extreme strength in the large cap industrials, namely BA GE MMM, is helping to propel the Dow Jones Industrial Average up 300 points as I write this. The nagging issues for the market, however, still remain in play, namely the small caps below multi-week resistance and the healthcare/biotech flashing red in many instances, today, with VRX...

22Oct10:36 amEST

Yelling "Fore!" on This Chart

After earnings, premier retail and market growth name Under Armour is sitting out this rally this morning. The stock is now more than 4% as I write this. Despite seeing the firm's rising stars (Steph Curry, Jordan Spieth) enjoy breakouts over the summer, the stock had already seen a monstrous, multi-year uptrend leading into which, which means...

21Oct4:56 pmEST

Stock Market Recap 10/21/15 {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...

21Oct3:11 pmEST

There is Never Just One Bluebird

The healthcare and biotech complex continues to fight off several major stocks seeing swoons (and halts) in recent sessions, ranging from BLUE to VRX RLYP. Beyond VRX, HZNP has also been getting hit. But, consistent with how resilient bulls have been in the market at-large, buyers stepped right in at 2020 on the S&P 500 Index, a level Members...

21Oct12:57 pmEST

Carefully Crafting an Invasion

Amid the VRX and AGN drama and halts today, as both healthcare stocks take a pounding and presumably seen their multi-year uptrends continue to unravel (also see HZNP), other parts of the market continue to hold up well. Transports and semiconductors have been resilient of late, for example. But, overall, keying off the small caps should...