Still Backed Into a Corner

05Jan10:30 amEST

I-Ran Away from Trading Crude Oil on Headlines

When a market has every logical reason to rally and yet fails to do so, it is typically a sign of the dominant technical pattern asserting itself above all else. Applied to the crude oil market, with the Iran/Saudi Arabia news over the weekend one would have thought that crude would finally be able to muster that sustained rally which many...

04Jan5:11 pmEST

Stock Market Recap 01/04/16 {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...

04Jan3:20 pmEST

An Intense Final Hour Look

Since making a late-morning low, the major indices have been grinding back up to the post gap-down highs after the opening bell. On the IWM, ETF for the small cap stocks in the Russell 2000 Index, for example, note the subsequent lower highs but higher lows intraday, seen below. We may not get resolution to this pattern today, but it is worth...

04Jan12:40 pmEST

Welcome to the "Tell" Club, Tesla

While it may be too easy to focus solely on the FANG names for market "tells" this year, Tesla is likely a better gauge for a few specific reasons. First and foremost, the momentum darling has essentially gone nowhere for roughly two years now, currently trading at levels it was back in February 2014. It is often said in the market that from...

04Jan10:38 amEST

The Best Nation in the World is Rotation

We have a notable rotation taking place within equities this morning, after fireworks in China last night to the downside. In a similar vein, the rotation is happening on the short side, of bears "rotate up" from beaten-down losers towards holdouts winners, instead. As evidence, consider the pounded that the FANG Gang (and TSLA) is taking at...

03Jan2:09 pmEST

Weekend Overview and Analysis 01/03/16 {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...

02Jan11:07 pmEST

Saturday Night at Market Chess Cinemas

Lone Star (1996), written and directed by the great John Sayles, is both a quality, gritty drama/mystery, as well as being a worthwhile look at some border issues which are becoming more and more relevant in the current political cycle. The film is loaded with talent, starring Chris Cooper, Elizabeth Peña, Stephen Mendillo, Kris...

31Dec3:36 pmEST

Stock Market Recap 12/31/15 {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...

31Dec1:45 pmEST

New Year's Eve Date Ideas

For those traders sticking around this afternoon, we had a few Members catch the Square (SQ) pop earlier, a name we have been discussing in recent video as a potential holiday week rally idea for the recent-IPO. On the intraday chart, below, another move over $13.10 today may be good for a secondary rally. Noe the orderly pullback off the...

31Dec10:51 amEST

Still Backed Into a Corner

Despite the appearance of a Santa Claus Rally breakout in the market earlier this week, not much has changed in our ongoing visual motif of the Russell 2000 Index's ETF (IWM) chart for the month of December. On the updated hourly chart of the IWM, below, note the lower highs still asserting themselves, while higher lows have blunted breakdown...