Gym, TAN, Laundry Says No Energy Bottom Yet

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. ...

10Nov5:12 pmEST

Stock Market Recap 11/10/15 {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...

10Nov3:21 pmEST

A New Gauge of the Consumer

In the coming years I suspect iPhone sales will only become more significant in terms of being an economic bellwether, among the many we have seen. Today, into a flattish tape we have AAPL off by more than 3% on news of struggling iPhone 6s demand. More importantly, the weekly chart, below, shows the widely-owned and widely-loved stock was...

10Nov12:39 pmEST

Gym, TAN, Laundry Says No Energy Bottom Yet

If crude oil and energy stocks have put in meaningful bottom, then the energy-sensitive solars have yet to get the memo. Our stance that solars remain in a firm downtrend with plenty of trapped longs from above "holding and hoping" remans intact, as the likes of CSIQ FSLR SCTY SUNE all plunge today. Just when it seems like solars cannot go any...