Weekend Overview and Analysis 09/27/15 {Video}

30Sep10:12 amEST

A Clean Observation Path

With the gap higher this morning, the S&P 500 looks to obeying a well-defined falling channel since the FOMC Announcement two weeks ago. On the hourly chart, zoomed-out, of the SPY (ETF for the S&P), below, note the light blue lines illustrating how price has been respecting those channel lines. A breach and hold to the upside, say over $192...

29Sep5:02 pmEST

Stock Market Recap 09/29/15 {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...

29Sep2:52 pmEST

Tight Surveillance on Netflix

After multiple reversals early this morning, the trading session has taken on an amorphous feel to it into the afternoon. Small caps continue to lag, with the IWM having a rough go of it at the $108 level. Natural gas lived up to its reputation as being a heartbreaker, failing to build on any progress made in recent sessions with a gap down...

29Sep12:14 pmEST

Breaking the Line

The relative weakness in the small market capitalization issues housed in the Russell 2000 Index seems to be throwing cold water on the market bounce. On the 30-minute chart of the Russell's actively-traded ETF, below, we are looking to see if the midpoint of the "hammer" reversal candlestick printed at the open this morning is violated with...

29Sep10:43 amEST

Along for the Ride

After some immediate selling at the opening bell which erased a pre-market bounce in U.S. stock index futures, buyers reasserted themselves for a broad market bounce from oversold conditions this morning. Short-sellers who got carried away with that opening fade are now in a bit of a hole. But, to be sure, the overall corrective structure of...

28Sep5:08 pmEST

Stock Market Recap 09/28/15 {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...

28Sep2:32 pmEST

Catch and Move, Catch and Move

Because a new bear market has not yet been established, I am still inclined to be exceptionally nimble with shorts, catching and moving for now. Inside Market Chess Subscription Services, for example, I just covered up the rest of my FB short, entered at $92.52 last week. At the moment, we have a few other "catch-down" ideas on watch from the...

28Sep12:12 pmEST

The New York Mets of the Commodity World

After being a perennial heartbreaker for years on end, natural gas is showing a glimmer of hope this morning, outperforming other commodities by a long shot. On the 30-minute chart for the natural gas ETF, below, as long as $12.30 now converts into support I am looking at natty as potentially setting up for some type of tradable bounce. ...

28Sep10:20 amEST

Find the Generals on This Battlefield

Frequent comparisons from the current market structure to 1998 or 2011 have become more prevalent of late, in terms of market players looking to predict limited downside from here and another leg higher in the coming weeks. However, the more people are keying off those analogs, the less likely it is we will see either scenario actually play out...

27Sep3:15 pmEST

Weekend Overview and Analysis 09/27/15 {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...