Artful Deception

17Aug10:26 amEST

Late-Summer Bear Fun

After a sloppy open with an initial dip-buy attempt, equities are diving lower led by the small caps. For a while now, we have been tracking the IWM, ETF for the small cap-dominated Russell 2000 Index, not arbitrarily or to cherry-pick, but rather due to the glaring divergence they presented vis-à-vis the senior indices. That divergence...

16Aug4:31 pmEST

Stock Market Recap 08/16/17 {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...

16Aug1:10 pmEST

Come and Get Me, Copper

To piggyback my earlier blog post, within the materials complex we of course have the copper plays acting much better today. Freeport (FCX) is a widely-known name, but as one of our Members noted we also must keep tabs on the likes of SCCO and even HBM, two under-the-radar copper plays sporting sound technical patterns on daily timeframes and...

16Aug10:32 amEST

Enough of the Mushy Stuff

The indices continue to enjoy early-morning bounces this week, as futures traders seem content to buy 'em up overnight. Despite the third consecutive session with a moderately big bounce off the open, small caps in the IWM ETF for the Russell 2000 Index are far from convincing as a bull victory, as they linger just under $138 at the moment....

15Aug3:50 pmEST

Stock Market Recap 08/15/17 {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...

15Aug1:28 pmEST

An Island Hopping Campaign in the Biotech Theater

The healthcare and biotechnology complex has mostly experienced plenty of fits-and-starts this summer, with upside momentum blunted, especially in late-July. However, some of the more prominent bios, like AMGN BIIB CELG GILD REGN, have not exactly crashed and burned, ether. Instead, plenty of the top IBB holdings are flashing signs of simply...

15Aug10:41 amEST

Bears Need to Focus on the North Korea Rebound

In light of some selling last week, bulls answered the bell yesterday for the most part with a snapback rally which did not fade into the afternoon portion of the session. Beyond that, news hit the wires last night that North Korea was backing off its aggressive saber-rattling of late, which saw the precious metals get slammed overnight and...

14Aug3:50 pmEST

Stock Market Recap 08/14/17 {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...

14Aug3:47 pmEST

Energy Above Water, Energy Below

Bulls seized the moment today for a snapback rally. However, looking through the major index charts it is perhaps a tad early to declare the recent selling to be fully in the rear-view mirror. Home Depot earnings (and plenty of other retailers) tomorrow morning before the bell may very well set the tone for the open tomorrow. But what has my...

14Aug1:39 pmEST

Artful Deception

The owner of the LaCroix beverage brand, FIZZ, seen below on the updated daily chart, continues to coil for another potential short squeeze higher. The name is rather heavily-shorted and has essentially ignored the recent market selling action. Note how strong the chart is here, as the basing action above all major moving averages looks ripe...