A Devious Scheme to Regain Control

01Jul2:56 pmEST

It Was Already in the Glass

Airlines are plunging virtually across the board this afternoon, apparently due to this news item about a DOJ investigation. Nonetheless, the fact remains that airline stocks have been sporting bearish chart for a good while, as they have been perennial short Watchlist ideas for members inside Market Chess Subscription Services for a...

01Jul12:27 pmEST

More Hope Than Evidence for Energy Bulls

Following-up on a series of blog posts about the energy sector, it still remains the case that energy bulls have far more hope for a major bottom than actual evidence of it. Beyond the nagging weakness in large integrated energy names like COP CVX XOM, even the big SLB in oil services, crude itself has fumbled many times when a potential...

01Jul10:22 amEST

A Summer Dip Versus Adult Swim

Although I am not particularly fond of performing complex technical analysis on the VIX or the VIX ETFs, a good rough guide for whether volatility has another leg higher coming imminently (in lieu of the usual pop-and-get-smashed pattern we have seen out of the VIX so many times over the last few years) is to gauge the 20-day moving average on...

30Jun4:53 pmEST

Stock Market Recap 06/30/15 {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...

30Jun2:47 pmEST

I Can HAS Toys?

With the extreme strength in toymaker JAKKS Pacific (JAKK) of late, Hasbro still merits attention on the long side if buyers defend the 20-day moving average. On the daily chart for HAS, below, after long basing period within the context of an uptrend, price attempted a breakout only to succumb to broad market pressures and retrace to the...

30Jun12:10 pmEST

The Mystery of Boxing Shorts

Stick and move, stick and move. That is pretty much how I am approaching the short side of this market here, as all of the major indices (save the transports) remain in established bull markets with rising 200-day moving averages. Case in point, as I noted on this website yesterday (on Stocktwits too), I covered up my PCLN short inside ...

30Jun10:12 amEST

Greek Situation Yet to Come to Fruition

After an opening gap higher this morning, stocks are into partial gap-fill territory, below, as the market waits on what could be an imminent deal out of Greece. course, the entire Greek/Euro saga could be one big red herring, with more ominous issues lurking below the surface which may not rise until after Labor Day when the traditionally...

29Jun5:04 pmEST

Stock Market Recap 06/29/15 {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...

29Jun2:48 pmEST

Use Those Paws Wisely

In addition to covering up the PCLN short, inside Market Chess Subscription Services we also covered up most of the INTC short, an idea discussed on this main website previously as part of the correcting semiconductor sector. As tempting as it may be to chase down a plethora of shorts here, such as the rails, the reality is that the market...

29Jun12:26 pmEST

A Devious Scheme to Regain Control

Perhaps the only way bears could regain control of this market, even for just a short period of time, was to sacrifice a few pieces, so to speak, in terms of stepping aside as the small caps, biotechs, micro-caps, and Nasdaq all screamed to new all-time highs in recent weeks. Since then, though, the Nasdaq has fallen back below 5,100,...