An Ambush in the Oil Market

26Sep9:28 amEST

Strategy: The Battle of the Midway

Here is a good historical piece about the famous World War II Battle of the Midway, arguably one of the most important battles of the entire war. For our purposes as speculators, it is also a good example of strategy at the highest level, with legendary Admirals on both sides playing the ultimate chess match with everything on the...

25Sep3:54 pmEST

Stock Market Recap 09/25/15 {Video}

If you enjoy my blog posts and videos, then I would encourage you to please click here for more details about joining Market Chess Subscription Services for plenty of value-additive features at a reasonable price. Enjoy the video, and have a great weekend!

25Sep12:41 pmEST

Context is King

Since the violent but trend-less price action in the broad market since a sharp sell-off in August, it is more important than ever to focus on staying objective and putting all theses about where the market goes from here into context. Indeed, staying out of trouble in a market climate where huge drawdowns are now the rule for traders, rather...

25Sep10:50 amEST

Bending But Not Breaking

Another Nike earnings beat is helping the Dow Jones Industrial Average hold its morning gains, up nearly 185 points as write this. In addition, banks and semiconductors are bouncing back from mildly oversold conditions we saw yesterday. However, the biotechnology and small market capitalization issues in the IBB and IWM, respectively, are both...

24Sep4:58 pmEST

Stock Market Recap 09/24/15 {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...

24Sep2:56 pmEST

Whoever Spoke Last Set Off the Blast

Amid plenty of interesting moves in commodities today, in front of a Yellen speech tonight, natural gas is printing a fairly textbook reversal to the upside after its inventory report this morning. Upside follow-through to the bottoming candlestick highlighted with arrows on the ETF daily chart, below, is, of course, necessary (even if not...

24Sep12:31 pmEST

A Nice Save

After some ugly price action yesterday, gold miners found buyers this morning for a gap higher. On the GDX, ETF of the senior gold miners, daily chart, below, note the horizontal light blue line provides well-defined support around the $13 level. While GLD and SLV, the ETFs for the gold and silver metals, respectively, are nearly or already...

24Sep10:44 amEST

Not So Fast, My Friend

Stocks are pushing lower yet today, with apparently too much traders expecting the usual snapback rally which the market has generously conditioned them to expect in recent years. That generosity, however, may very well prove to be fool's gold, as I suspect plenty of those prior gains have already vanished, and will continue to do so at a rapid...

23Sep4:56 pmEST

Stock Market Recap 09/23/15 {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...

23Sep2:46 pmEST

An Ambush in the Oil Market

While equities drift today, as the S&P 500 Index is seemingly stuck in a 1930-1950 range now, crude oil sharply reversed lower after popping immediately following the inventory report this morning. On the updated daily chart for the USO, ETF for crude oil, below, note the triangle consolidation for nearly the past month is at risk of breaking...