Stock Market Recap 06/16/15 {Video}

19Jun10:21 amEST

Barbecues and Ball Games

After shorting bonds twice in recent months, via a long TBT position, the recent weakness in Treasuries still had me reticent to press into the Fed. Now that the FOMC meeting, presser, announcement, and members' forecasts have come and gone, Treasuries are catching a bit of a relief bounce this morning. Rate-sensitive sectors, such as REITs...

18Jun5:04 pmEST

Stock Market Recap 06/18/15 {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...

18Jun2:39 pmEST

Are We Getting Trashy This Summer?

If we do see some buying frenzy into July 4th, keep an eye on lowly DDD in the left-for-dead 3D printing space. The heavily-shorted stock has a been a bastion for bears, as the steep downtrend has not seen much of a reprieve for trapped bulls who are convinced of the bull thesis. Still, you can see a bullish RSI divergence to price on the top...

18Jun11:59 amEST

The Biotech Three Party

With biotechs leading the chart today, along with the Nasdaq, speculative fervor may very well persist into July 4th. If it does, it remains a worthwhile endeavor to keep an eye on three recent -IPOs in the sector: ADRO BPMC GLPG, to play for potential quick long trades. While not my usual cup of tea, they have been promising plays up and out...

18Jun10:23 amEST

Following-Through to Safety

The precious metals and their miners have been mired in a bear market for a good while now, albeit with bounces offering fast, actionable pops at times. But those bounces have been repeatedly sold, usually leading to a sharp rollover before the pattern repeats itself. In order for the complex to see a meaningful change in character, I suspect...

17Jun4:54 pmEST

Stock Market Recap 06/17/15 {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...

17Jun3:18 pmEST

You Didn't Go to Rates Hell; You Went to Purgatory, My Friend

In the wake of the Fed this afternoon, markets have done their usual head-fake dance both ways. Beyond equities, we saw notable twists and turns in bonds, crude, natty, and metals. All of this is happening as the U.S. Dollar plunges. As we have been profiling, the 150-day moving average on the UUP ETF is noteworthy, due to the support found...

17Jun12:33 pmEST

Different Methods of Transportation

It is well-known by now that the transportation sector has been rather weak, on a relative and absolute basis. Adding credence to that notion has been the exceptional strength in FDX, by far the largest component in the IYT, transport sector ETF. Although that may seem contradictory, as the strength in FDX should be a bullish factor, it merely...

17Jun10:28 amEST

Bridge to Japan

I suppose all of the talk in recent years about the U.S. becoming Japan, in terms of "permanently" low interested rates and "zombie banks," may come to a head this afternoon, as we learn just how serious the Fed is about raising rates anytime this decade. Treasuries have had a lackluster spring, using the TLT daily chart, below, as a proxy. We...

16Jun4:52 pmEST

Stock Market Recap 06/16/15 {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...