Top or Bottom

27Aug5:13 pmEST

Stock Market Recap 08/27/15 {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...

27Aug3:00 pmEST

Making Adjustments

We have been adapting well to this market inside Market Chess Subscription Services , focusing on playing great defense overnight while picking off day-trading opportunities. While the last two sessions have been a reprieve of sorts for trapped longs from above, the market is far from being out of woods. As an example, the volatility ETFs...

27Aug12:46 pmEST

Crude Bears Lost Oil to the Summer Wind

After a deep plunge and a few stutter-steps, crude oil is off the races today with a "gap and go" from the open. In addition, the Dollar/Yen currency cross quickly recaptured 120 from yesterday, adding some force to the rally in equities as the Yen backs off. Still, much technical damage has been sustained on the major averages and indeed for...

27Aug10:36 amEST

Don't Bet on Every Diamond Being Forever

After aspirational high end consumer name Tiffany & Company missed earnings this morning, the stock is down a bit as I write this. From a broader perspective, the multi-year timeframe, is a good example of how price has memory on a well-defined basis, going back to 2011 here, for example. Note the $82 level for TIF (horizontal light blue line)...

26Aug5:03 pmEST

Stock Market Recap 08/26/15 {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...

26Aug3:04 pmEST

Setting a Trap for the European Invasion

The Euro has quickly given back its recent upside breakout, from the highlighted pennant on the FXE, ETF for the Euro against a basket of currencies, seen below on the daily chart. I am looking to see if the Euro/Dollar cross follows suit, falling back inside the pennant on its own chart. If so, the post-FOMC Minutes squeeze we saw earlier...

26Aug12:35 pmEST

The Storm Has Not Quite Passed Yet

Before I start filming my usual Midday Video for Members , it is worth a reminder that chart patterns can and often do morph. Case in point: The 15-minute chart of the small cap ETF, below, shows the larger triangle forming going back to last Friday. For all of the drama this week, thus far, the Russell is still searching for its next...

26Aug10:16 amEST

Avoid the Hot Air

In case the lesson has not already been drilled home, now would be a good time in the current market environment to cast a skeptical eye over any supposedly surefire guaranteed about what equities "must" do from here. Simply put we remain in atmosphere of elevated volatility, random, wild price swings, and overnight headline risk which is as...

25Aug5:19 pmEST

Stock Market Recap 08/25/15 {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...

25Aug2:15 pmEST

Top or Bottom

While daily timeframe analysis of the major indices will likely take some time to play out, the 30-minute chart of the small caps in the Russell 2000 Index ETF, below, show price at the apex of the triangle consolidation since last Friday. We are looking to see if a breakdown materializes, after small caps have been lagging the Nasdaq rally...