What if It's Not an Inflation Trade, After All?

13May4:58 pmEST

Stock Market Recap 05/13/15 {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...

13May2:46 pmEST

An Epiphany Draws Near

Treasuries are trading more closely to the spirit of equities than they have in a while, with today's downside reversal in TLT coinciding with rate-sensitive sectors like IYR XLU flipping red, too. TLT has marginally taken out yesterday's lows, a place where buyers assumed the usual snapback rally would materialize. As "summer trading"...

13May12:06 pmEST

Looking Good High Up

Many a rally in the precious metals and mining complex has been faded for a good while now. So with this morning's gap up across the board in that sector, the easiest thing to do would at least be a bit skeptical of the sustainability of the move. Nonetheless, that may be precisely the grounds and market sentiment for a true breakout. And an...

13May10:25 amEST

Winning the Battle But Losing the War

Even though DuPont defeated Nelson Peltz in Peltz's campaign to become more activist and land seats on the Dow component and chemical titan's board, the market is not responding as though DuPont has just snagged a major victory. In fact, observing the chart of the stock since late-2012, the Peltz defeat could, ironically, prove to be a...

12May4:59 pmEST

Stock Market Recap 05/12/15 {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...

12May2:28 pmEST

In the Jaws of an Important Market

The close in TLT should be an interesting one today, as this mornings reversal saw price rally up to the declining 20-period moving average (orange line) on the 30-minute chart, below. While it seems like the selling tide has turned for now, TLT is barely green as I write this. And the correlation between stocks and bonds seems to be more...

12May12:14 pmEST

Slow and Steady Wins the Non-Confirmation

The lagging and weakening transports remain a thorn in the side of any bull case for a sustained uptrend in the market from here, as classic Dow Theory Non-Confirmation is hanging around even if it has yet to inflict much noticeable damage. On the updated daily chart of the Dow Jones Transportation Average, you can plainly see the long-running...

12May9:50 amEST

Age/Sex/Location/Pic/Wanna Cyber Buyout?

News of Verizon buying out AOL this morning for $4.4 billion is pretty much about what you would expect in an aging bull market, when firms with brand maturity hook up with each other, or in the case of AOL can salvage becoming entirely obsolete through bull market risk appetite and liquidity. But another, less bullish issue would the VZ...

11May4:45 pmEST

Stock Market Recap 05/11/15 {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...

11May2:28 pmEST

What if It's Not an Inflation Trade, After All?

At this stage in the bull run and economic recovery, the easiest explanation for rising rates would be the late-cycle "inflation trades" we see so often, conjuring up memory of early/mid-2008, where going long plays like Potash and short an already-topped S&P and Nasdaq became the obvious and crowded trade before a crash later that year. But...