Death Valley for Shorts

01Dec10:30 amEST

Clawing Back

While tech stocks (and plenty of others) continue to consolidate a bit after a steep rally, it is interesting to note that lost in the shuffle of Senate votes, the Dow, Bitcoin, and other issues is the improvement in crude oil. On the USO daily chart, below, which is the ETF for crude oil, we can see the steady progress over the last two...

30Nov4:42 pmEST

Stock Market Recap 11/30/17 {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...

30Nov1:48 pmEST

Hunting Season Not So Easy This Year

One of the more interesting aspects of what has been a busy week of market news is that standard short attacks on names like ROKU do not seem to hold as much water as they once did, this one by Citron Research. I was fortunate to sell a ROKU long on Tuesday morning inside Market Chess Subscription Services before a series of tweets and media...

30Nov10:45 amEST

Tech to Teck Keeps Bears in Check

Even though the major averages are bouncing back this morning, namely the Nasdaq after yesterday's drubbing, the bounce still underwhelms compared to the selling and volume we saw on Wednesday. Thus, despite the pattern for this market to immediately shake off all weakness this year, I am inclined to give tech another day or two to see what it...

29Nov3:49 pmEST

Stock Market Recap 11/29/17 {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...

29Nov3:48 pmEST

Reduce and Realign

Much like the photo above, it is rather easy to view today's market action as a major peak or "top." But beyond the tech drubbing, which is only one day so far, the reality is that plenty of other sectors seem to be happily enjoying sector rotation. We need to pay close attention in the coming days to see whether these rotations have legs. As...

29Nov1:01 pmEST

Potato, Potahto, NVIDIA, Nevada: Don't Call the Whole Tech Off

Although we generally do not want to become too bearish, too soon on this historically resilient market, the aggressive selloff in the Nasdaq today is occurring on notably heavy volume in the midst of a classic sector rotation. I will flesh out what that rotation means, and some more actionable ideas stemming from it, in my usual Midday Video...

29Nov10:43 amEST

Late-Stage Waves

The clear rotation this morning down away from "FANG" plays and the general Nasdaq Composite Index towards banks, brokers, insurers, and retail stocks smacks of late-stage bull market rotations. When we think of "late-stage" moves, in may conjure up a variety of scenarios, though. Those who have been rooting for a market top will look for an...

28Nov5:03 pmEST

Stock Market Recap 11/28/17 {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...

28Nov3:42 pmEST

Death Valley for Shorts

An afternoon surge certainly gives the look and feel of a market wanting to squeeze out every last short-seller before we see any type of correction. With that in mind, a name like Fitbit, a long-time laggard which remains rather heavily-shorted, ought to be stalked on the long side to take advantage of such a scenario above $6.75. Note how...