Hold on for Dear Life to This Part of the Market

22May12:15 pmEST

Let Them Do Their Posturing; We'll Be Real Traders

The persistent weakness in the Dow Jones Transportation Average has brought out plenty of condescending arguments about how the market will never be perfectly aligned for a bull run, essentially cavalierly dismissing the weakness. But this amounts to a straw man fallacy for real traders, who focus on actual, actionable, trade ideas in lieu of...

22May10:23 amEST

Gaming the One-Trick Ponies

As I mentioned before, BlackBerry trades like a single-trick pony (or a one-drug focused biotechnology firm hinging on FDA announcements and tests, nonstop), with each pop being soundly faded for an overall sideways chart. Still, the is heavily-shorted, ripe for a squeeze. And for those of you trading on a Friday before a long, holiday weekend...

21May4:55 pmEST

Stock Market Recap 05/21/15 {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...

21May2:49 pmEST

Treading Water Into Summer

The small caps in the Russell are lagging a bit today still, as seen on the updated 30-minute chart for the IWM ETF, below. The breakout attempts have thus far been faded, and it is with monitoring the highlighted channel for resolution. In other parts of the tape, it is still a stock-by-stock situation, with BABA sustaining a bid while another...

21May12:42 pmEST

Rocked By Many Explosive Moves

Despite mixed and flattish indices this week, stocks are all over the place in terms of some making explosive moves higher, others lower. NFLX is a market leader and is grinding after its recent rally. It may very well be a good "tell" for the next direction of leaders and Nasdaq, while momentum traders flock to BABA into the holiday for...

21May10:43 amEST

Within the Same Breed

In light of the BLUE spike higher this morning (though it is off its highs now), in my Morning Prep video for Market Chess Subscription Service members this morning we looked at another immunotherapy play, Aduro, as potentially seeing pin action from the BLUE gap up. And on the updated daily chart, below, even though ADRO has taken some...

20May5:01 pmEST

Stock Market Recap 05/20/15 {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...

20May3:15 pmEST

Fork in a Dark Road

The junior gold miners are turning in a good session, as we head towards the close in the final hour. On the updated GDXJ daily chart, below, ETF for the juniors, gold bugs need the highlighted rising wedge pattern to be negated and thus resolve higher. Select miners are holding up well, as far as the large cap names, while other are still...

20May12:35 pmEST

Looking for a Catch-Down Play

With the major indices flat into the New York lunch hour, select long and short plays are working quite well. Returning to the airline sector, in light of names like AAL not becoming oversold on multiple timeframes, I am looking to rotate that capital perhaps to "catch-down" plays, meaning other airlines which had been holding up well but which...

20May10:15 amEST

Hold on for Dear Life to This Part of the Market

The transports, simply put, are likely to be the bears' best piece of evidence that a true market correction is imminent. After bouncing late-last week and galvanizing bulls for a noter "here we go again rally off a false breakdown," the Dow Jones Transportation Average is back below 8,600, a multi-quarter support area. Clearly, the...