Making Veteran Moves on Veterans Day

13Nov12:36 pmEST

A Strong Dollar Speaks Louder Than All the Fed's Jawboning Combined

Against a backdrop of a perpetual "race to the bottom" in the central banking currency wars, the U.S. Dollar has largely held onto its gains from last Friday's gap up on the jobs report. The weekly chart breakout of the greenback is something we have looked at previously. And as long as that technical bull thesis remans intact I do not yet see...

13Nov10:28 amEST

Emerging from the Morning Fog

The first order of business for us, inside Market Chess Subscription Services, was taking advantage of this morning's weakness. As we discussed yesterday, sentiment seems to be rather subdued on this market pullback, with many assuming automatic support levels would hold and that the market had definitely bottomed since late-September despite...

12Nov5:15 pmEST

Stock Market Recap 11/12/15 {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...

12Nov2:13 pmEST

Mob Mentality

Given the run-ups and how steep their respective angles of ascent have been in many biotechnology and healthcare names, it makes sense that the dip-buying mentality will continue to stay alive until it is smashed to smithereens. With respect to the XBI, ETF for the small and midcap biotech firms, the 30-minute chart typically would spell...

12Nov11:52 amEST

Out of Place

The last time we saw such a concentrated and widely-known collection of Nasdaq stocks climb steeply higher even as the market got whacked in many places was the AAPL AMZN GOOG RIMM (now BBRY) quartet back in October 2007. It is tough to argue that history necessarily must repeat after that market top, since history tends to rhyme rather than...

12Nov10:48 amEST

I Went to the Fed Jawboning Game and a Stock Market Broke Out

Amid a slew of Fed heads jawboning today, market are broadly lower, with commodities still have trouble getting off the mat. Crude oil is oversold and potentially breaking its range lower as it heads into a postponed inventory report at 11am EST. Precious metals and miners spiked up earlier but have now largely faded those gains. Although gold...

11Nov5:20 pmEST

Stock Market Recap 11/11/15 {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...

11Nov2:54 pmEST

The Fast and the Fluorious: HFT Drift

Even with crude oil and many energy-related stocks getting pounded today, industrials continue to benefit from some signs of drifting rotation attempts. We know General Electric has come alive in recent weeks, strong again today. Another thesis we have been noting for Members has been the potential reemergence of badly beaten-down names, such...

11Nov12:51 pmEST

A Trashy Holiday Spread

You can practically drive an army of tractor-trailers through the massive spread seen in the consumer/retail space. Specifically, a name like AMZN keeps shooting the moon (along with GOOGL), while many prominent retail names like JWN M URBN have seemingly no bottoming in sight, perpetuating their already-steep downtrends. Moreover, for...

11Nov10:36 amEST

Making Veteran Moves on Veterans Day

The veteran, esteemed short-seller James Chanos (pictured above) came out with a short thesis on BABA last week, mostly due to accounting concerns. At the time, the China momentum stock, which IPO'd a little over a year ago, had staged a spirited rally from badly-beaten down conditions, raising the specter of a meaningful bottom in place. ...