More Needed to Silence the Lambs

04Nov12:51 pmEST

Peer Around the Corner

Updating the small cap ETF chart we looked at yesterday, the 30-minute timeframe for the IWM, Russell 2000 Index ETF, shows the highlighted rising wedge having broken lower. However, as this rally has unfolded we have seen these types of instances merely amount to a reset or refresh of the rally, eventually breaking higher yet after peering...

04Nov10:23 amEST

Time to Let Your College Kids Study Abroad

The Euro looks to only be getting cheaper versus the U.S. Dollar, which has been a thesis we have been tracking for a good while now. As with most theses in the current market regime, it has taken a good while to play out, with head-fakes galore casting doubt frequently. Nonetheless, on the updated Euro/Dollar daily timeframe, below, the...

03Nov5:14 pmEST

Stock Market Recap 11/03/15 {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...

03Nov2:51 pmEST

An Electric Rally Into Tesla Motors Earnings

Beaten-down and especially heavily-shorted names continue to squeeze higher, along with the likes of AAPL and GE. Headed into TSLA earnings after the bell, we should gauge from the market's reaction whether the Nasdaq is ripe to imminently blow-off higher for a parabolic move, or instead if the QQQ and XLY (consumer discretionary) break steep...

03Nov12:40 pmEST

Unstable Raging Bulls

The zoomed-out chart for EMES, below, illustrates what we are seeing in many beaten-down energy and biotechnology shares of late. EMES is rallying more than 43% as I write this, along with assorted other squeezes in names like SLCA today. But when you view the chart as a whole, today's action is barely a drop in the bucket compared to the ...

03Nov10:20 amEST

It's Good to Be the King

News of Activision Blizzard (ATVI) to acquire "Candy Crush" maker King Digital (KING) for $5.9 Billion seemed to be a bit rich at a first to me. However, ATVI is reversing to green as I write this. And inside Market Chess Subscription Services we have been tracking the overall chart strength in many gaming stocks for a while now, as they...

02Nov5:11 pmEST

Stock Market Recap 11/02/15 {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...

02Nov2:30 pmEST

A Couple of Ideas to Swing

CMG may still very well be a short idea, one we had on the Watchlist for Members last week. Even with today's gap down, the updated monthly chart, first below, still shows that the highlighted rising channel may only just be getting started in terms of the breakdown. I suppose CMG getting bought out is a risk. But I suspect if they were going...

02Nov12:28 pmEST

This Game is Not About One Person

It is very easy to sensationalize the Bill Ackman/Valeant saga. But, in reality, the entire healthcare sector, using the XLV ETF as a proxy, had been working through an abnormally-steep weekly chart uptrend (below) for years on end before finally cracking in August. When those steep uptrends crack it denotes a change in market tone which...

02Nov10:34 amEST

More Needed to Silence the Lambs

Crude oil and energy stocks are reversing to green this morning, bucking the red seen throughout the rest of the commodities complex. The gap down in natural gas, for example, drives home how arduous of a task it can be to swing trade damaged charts without a precise setup. If crude oil is going to make some noise for a secondary leg higher...