Weekend Overview and Analysis 11/27/16 {Video}

30Nov10:50 amEST

Memo to OPEC: Ball Don't Lie

via urbandictionary.com "Ball don't lie" is said when a player misses one, two or all three of his free throws after a questionable foul call is made by an official. The ball is, essentially, the unbiased judge who will not reward the player... Crude oil and energy stocks have flopped around, complete with head-fakes in both directions, for a...

29Nov3:37 pmEST

Stock Market Recap 11/29/16 {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...

29Nov3:36 pmEST

Oil's Big Day Tomorrow

Stocks are broadly coasting into the bell here, as the impressive resilience early in the session gave way to apathy and aloof attitudes by traders in the afternoon. Overall, the market is still giving the look of a contained consolidation, thus far. However, the back half of this week presents a few events we need to monitor, especially in...

29Nov1:29 pmEST

More Signs of Rotation

Even within sectors, such as the steels and materials miners, mostly in the XME ETF, we are seeing signs of money circling around as opposed to fleeing equities outright. Specially, several extended steels like AKS X are pausing this week, as is monster winning materials miner, TCK (first daily chart, below). Note TCK's reversal candle...

29Nov10:48 amEST

A Tough Fit

The MNK earnings sell-off and NVLS's 55% haircut this morning are not particularly helpful for the bull case in healthcare and biotechnology stocks, on the surface. To be sure, placing all of those stocks in the aforementioned sectors into the bullish basket is a tough fit, at best, or even downright wishful thinking. However, there are...

28Nov3:49 pmEST

Stock Market Recap 11/28/16 {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...

28Nov3:48 pmEST

Best Cyber Monday Deals

Well, regarding stocks I would say we do not yet have great deals. Today marks merely the first day of a potential multi-day market consolidation. AMZN is getting hit on Cyber Monday, and remains a troubled chart in the near-term. Crude oil will still be in focus this week, as well as GDP tomorrow and the jobs number on Friday. We may see...

28Nov1:28 pmEST

Hecla with the Herculean Effort

Equities are still largely drifting in a bit today, with the action hinting at extended conditions combined with a holiday hangover. But the precious metals and their miners especially are beginning to wake up, with the notable weakness in Italy and Italian banks perhaps igniting a rotation into gold and her miners. As one of our Members...

28Nov10:56 amEST

Short Days and Calm Rotations

The weakness this morning in the broad market is sure to get some trapped bears excited. After all, shorting this market during its ascent since Election Day has been a painful endeavor. And now that Thanksgiving has come and gone, officially kicking off holiday trading, a surprisingly bloody December would surely invigorate bears, with the...

27Nov2:09 pmEST

Weekend Overview and Analysis 11/27/16 {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 more...