Foul Line Extended

18Dec12:46 pmEST

Homebuilders on Track for Confirmed Top

This blog post ought to be right to the point: The homebuilders, a chic bullish rotation pick headed into the beginning of this year, are now on track to confirm a rolling head and shoulders bull market top, spanning 2015, heretofore. While the measured move of the pattern may yield only a move down to $30 or so, I believe when viewed in...

18Dec11:01 amEST

On the Lookout

While Apple continues to struggle, BlackBerry is clearing some serious prior price resistance this morning. This type of action is likely to confuse many traders and investors, given how widely-owned and loved AAPL is, while BBRY has essentially become the laughingstock of the market at times. Headed into 2016, we may very well see a narrowing...

17Dec5:04 pmEST

Stock Market Recap 12/17/15 {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...

17Dec3:33 pmEST

This Chart Does, Indeed, Belong in the Guggenheim

It is fitting that in a market with long-running divergences and bifurcations, we are closing out t2015 with the weaker parts of the tape seeing their underperformance exacerbated further. It was just yesterday that we noted the SEA, a Guggenheim Investments' ETF product of the shipping sector, plunging to fresh multi-year lows. And today,...

17Dec1:02 pmEST

Energy Bulls Are Playing the Limbo, But It's Not All Fun and Games

In the face of broad market weakness giving back a sizable chunk of yesterday's rate hike rally, crude oil looks to be dragging energy stocks down with it. For a few days now, energy stocks were showing some signs of resilience. But that whole mode of analysis is under scrutiny today, with the XLE (energy sector ETF) looking rather ominous on...

17Dec10:41 amEST

In the Abyss

Against the backdrop of the buzz from Martin Shkreli's arrest this morning, equity bears may be looking into the abyss, too. Specifically, this may be the last chance for any fireworks in 2015, what with the holidays rapidly approaching and tomorrow marking the end of the final full week of trading for this calendar year. If bears are unable...

16Dec4:54 pmEST

Stock Market Recap 12/16/15 {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...

16Dec3:16 pmEST

Surviving the DUST Bowl

In the wake of the first Fed rate hike in nearly a decade, some of the best-performing issues are the precious metals miners. Specifically, ABX is exuding resilience, once again, despite the precious metals and miners still mired in strong, multi-year bear markets--Resilience, as in they have had multiple opportunities to break their prior...

16Dec12:47 pmEST

It's the Money Shot Time of Year

Leading into the Star Wars: Episode VII release, IMAX is perking up. On the weekly chart, below, the heavily-shorted issue is on watch long for a squeeze breakout higher into year-end (primetime movie season) if it can hold over $39.20 now. Note the weekly chart firming up of late, after a rough summer. As for the market at-large, headed...

16Dec10:45 amEST

Foul Line Extended

One of the more overlooked aspects of technical analysis is that prior trendlines, valid because the market has shown sensitivity to them, are still value-additive to your process as a trader even after they have seemingly been breached and a prior pattern has been completed. Case in point: In recent weeks both on this website and for Members...