A Lehman Event...or a Layman Event?

28Sep1:20 pmEST

Rio Tinto Exiting the Tube Northbound

While precious miners are still churning, an interesting theme developing today is the strength in large cap, non-precious global materials miners like Rio Tinto, headquartered in London, England. It is not so much an issue of strength on any given session, since that lend itself too much to randomness and cherry-picking bias. Instead, note...

28Sep10:52 amEST

Another Reversal Before Takeoff

A recurring theme which we have seen for the broad market has been the last-minute reticence of buyers to fully capitalize on having shorts on the ropes. Without question, buyers have presented themselves down below, just when it appears that support would be lost and a deeper market pullback would be inevitable. However, the upper end of the...

27Sep3:39 pmEST

Stock Market Recap 09/27/16 {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...

27Sep3:37 pmEST

Nike on the Surface, UA Underneath It

Nike reports earnings tonight after the bell, in what is otherwise a slow earnings week. The Dow component is obviously a major component of the consumer discretionary complex. Along with DIS HD SBUX, the consumer titans have been relatively weak for a few months now, if not quarters in some cases. While many eyes will be on NKE's numbers on a...

27Sep1:16 pmEST

Photogenic Birds Stealing the Spotlight

The allure of a possible bidding war for TWTR is suddenly and understandably stealing the spotlight in what has already been a busy news cycle for stocks. Whether CRM DIS GOOGL MSFT or another firm actually pull the trigger with a hefty bid remains to be seen. But clearly TWTR's chart has improved to such a degree where we can say that even if...

27Sep10:47 amEST

Wag the Dog

After U.S. stock index futures rallied sharply during the first Presidential debate last night, it was widely construed as the market declaring Secretary Clinton to be the winner. However, crude oil weakness overnight seemingly began to pressure futures as they actually flipped red just before the opening bell. Now, however, as I write this,...

26Sep3:50 pmEST

Stock Market Recap 09/26/16 {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...

26Sep3:40 pmEST

The Dunkin' Donuts Formidable Fall Lineup

When we see the technicals align with news, it can be an intriguing proposition, indeed. In the case of DNKN, we saw remarkable resiliency even as the coffee commodity rallied earlier this month and equities in general churned. Today, DNKN is an excellent example of the type of relative strength we look to ferret out for Members during market...

26Sep1:11 pmEST

Trust Issues

Regardless of what happens with DB and the interplay with banks and markets, as per my prior post, Wells Fargo still clearly has some issues. On the monthly chart, below, note that risk remains lower for the potential bear flag breakdown. Thus, cautious view of WFC remains likely correct. As they say, where there is smoke there is fire, and...

26Sep10:53 amEST

A Lehman Event...or a Layman Event?

The nagging weakness in Deutsche Bank may finally be coming home to roost, for some type of "Lehman Event" central to a major bear case. However, it is worth noting that when Lehman was allowed to go belly-up by Goldman-turned-government rival Hank Paulson in September 2008, the major indices, as well as most sectors and stocks, were already in...