Upside Down

17Sep12:45 pmEST

The Hunt for Red Bonds in October

The multi-decade bull run in Treasuries is another facet of the Fed decision today, in terms of keying off rates on the 10-year. I still think another move over 3% would signal a major sea change. Recently, bonds now, bonds have been grinding lower since a dramatic spike up and reversal on August 24th, coinciding with the flash down in...

17Sep10:42 amEST

Complex Mind Games

Headed into the Fed later today, there are so many ways to try to predict what the Fed will do and, more importantly, how the market will react. As always, though, the market is the final arbiter and will determine the resolution. The SPY, for example, an S&P 500 ETF, below, shows a "running" rising wedge higher after the late-August swoon. ...

16Sep5:01 pmEST

Stock Market Recap 09/16/15 {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...

16Sep2:41 pmEST

Whoever Said the Rhyme Most Certainly Did This Crime

The price action in natural gas today is a good counter-point to the enthusiasm we are seeing other commodities, namely crude oil, copper, and the precious metals. Specifically, headed into the inventory report tomorrow morning natty is failing to confirm the major bottom many have been expecting. On the updated daily chart for the ETF,...

16Sep12:19 pmEST

Baby Jumps in Crude Oil

While this morning's price action in crude oil is no doubt a reprieve for bulls holding from higher prices in fishing out the bottom to a steep bear market, the ETF's declining 50-day moving average (dark blue line on daily chart, below) is providing initial resistance, for example. Beyond ETF analysis, though, is the notion that commodities...

16Sep10:28 amEST

Slowing of Commerce

Fedex missed earnings this morning and gave an outlook warning, to boot. The giant in the IYT, ETF for the transport sector, has been a recurring theme on this website for several months now, essentially acting as a thorn in the side of any sustained bull thesis for the market at--large. And when we updated the daily chart, below, we can...

15Sep4:58 pmEST

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

15Sep2:59 pmEST

Place Your Bets Here Before the Fed

Before we get to the FOMC on Thursday afternoon, transportation giant Fedex is sure to attract attention tomorrow morning as it is easily the largest component by weight in the IYT, sector ETF. FDX is a major transport we have been tracking since the spring months, inside Market Chess Subscription Services, due to the well-defined support...

15Sep12:39 pmEST

Quick Games While We Wait

It is tough to have any type of conviction one way or the other in front of likely fireworks this Thursday, not only with the Fed but also a slew of government data. I suspect the drifting action, down yesterday and up today, will continue until the main event Thursday afternoon. Meanwhile, beaten-down names like ONVO and WTW are garnering...

15Sep10:32 amEST

Upside Down

BABA is rallying this morning, still trying to shrug off the Barron's bearish piece over the weekend calling for a much deeper plunge than the China stock has already seen. To many contrarian, this sort of setups is ideal---A controversial company and stock which has already been decimated is now essentially being called a fraud and expected...