Playing the Summer Rotations

25Jun2:47 pmEST

Summer Swim is Downstream in This Sector

In addition to the transports, another part of the market we have been profiling for its persistent weakness of late would be the energy stocks, housed in the XLE sector ETF. While energy stocks have see spirited bounces at various times throughout 2015, after memorable swoons across the board late-last year, bottom-fishing bulls may not...

25Jun12:43 pmEST

Hi-Tech Driving

While TSLA is inching up again today and is currently the top trending ticker on Stocktwits, inside Market Chess Subscription Services we have been playing the self-driving Israeli stock MBLY again on the long side. We played the original breakout earlier this month, and are now looking for the many shorts in the name to feel the heat a...

25Jun10:19 amEST

They're Ugly, But Not Yet Deserving of Your Sympathy

In conjunction with the sell-off in bonds this spring, and thus the spike in rates, the rate-sensitive utilities remain glaringly weak. On the sector ETF daily chart, below, note that the "utes" are still weak this morning. However, they are not yet technically oversold, still not at their lower Bollinger Band, just as one example. DUK is a...

24Jun5:07 pmEST

Stock Market Recap 06/24/15 {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...

24Jun2:35 pmEST

Calling the Whole Story Into Question

Continuing with an ongoing theme we have been discussing in recent notes, the weakness in the transports was largely eschewed by bulls this spring, as many stocks and indices pushed higher yet. Even as summer officially kicked off this week, we still saw a new round of all-time highs in many parts of the market. But transports, as a group,...

24Jun12:10 pmEST

This Commodity Might Have the Golden Ticket

Although not on the radar for most retail traders, cocoa has notably outperformed most commodities of late. There may very well be a bullish supply story, as well, a subject for another blog post. But in terms of the technicals, you are talking about a series of higher price highs and higher lows since late-March. Several members inside ...

24Jun10:16 amEST

Standing Up to a Hard-Hitting Secondary

Bluebird Bio has been a bullish idea discussed on Market Chess dating back to late-2014, before the stock took off to nearly quadruple in a matter of months. Now that BLUE has become one of the hot biotechs du jour, the real test comes with a $400 million secondary priced last night. Thus far, seen on the first intraday chart, below, the stock...

23Jun4:53 pmEST

Stock Market Recap 06/23/15 {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...

23Jun1:40 pmEST

Galvanized Leadership

After lying dormant for quite some time in the spring months, marquee Nasdaq titans such as FB are trying to reassert themselves as market leaders. In addition, the likes of AMZN NFLX, which have been consolidating as impressively as any of the premier issues with institutional sponsorship. On the weekly AMZN chart, below, for example, note...

23Jun10:39 amEST

Playing the Summer Rotations

In recent sessions we have been lightening up on exposure to the healthcare and biotech sector into their respective moves higher, inside Market Chess Subscription Services . With that capital, we have been stalking plays in the resurgent regional banking sector. As rates rise, we have seen REITs and utilities get hit while regionals quietly...