Stock Market Recap 09/01/15 {Video}

04Sep10:41 amEST

Hawks on the Offensive

Despite mixed opinions about this morning's jobs number, plenty of hawkish commentary viewed it as strong enough for the Fed to raise rates in September. Regardless of the macro analysis, though, equites remain locked in a sideways range since late-August, seen on the updated and zoomed-out 30-minute chart of the SPY (S&P 500 Index ETF),...

03Sep5:03 pmEST

Stock Market Recap 09/03/15 {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...

03Sep3:04 pmEST

Following the Narcos

Despite the instant success of Netflix original series Narcos, the leading issue NFLX remains weak and is in grave danger of confirming a major top below $100. At the same time, other leaders in the Nasdaq which had been green earlier today are following Netflix lower, namely the likes of AMZN GOOGL TSLA. True, it is far from a bloodbath...

03Sep12:27 pmEST

Many Battles on Many Fronts

Across various markets, some major battles are being fought in front of both the jobs number tomorrow morning and the long holiday weekend. The Euro, bonds, metals and miners, crude, even natural gas all merit close attention in the coming days and weeks, likely at technical junctures which would set up directional moves in the end of the...

03Sep10:37 amEST

Curb Your Joy

As tempting as the rallies in ACI and BTU have been in recent weeks, perhaps celebrating their survivor status in the morbid coal sector, the reality is that it would be brazen to give the "all-clear" signal for those names when you consider major coal machinery play Joy Global continues to get wrecked. On the updated JOY daily chart, below,...

02Sep4:58 pmEST

Stock Market Recap 09/02/15 {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...

02Sep2:55 pmEST

End of Summer Jump

Si Crude oil flipped green this afternoon, after sinking soundly into the red this morning following-up on yesterday's drubbing. Black gold has worked off its overbought condition from Monday, and is now threatening a secondary counter-trend rally. Much like surviving coal names like ACI and BTU, bottom-calling bulls are looking to see a...

02Sep12:35 pmEST

It's Supposed to Be a Non-Confrontational Holiday Week of Trading!

With premier leaders like NFLX getting hit, and crude oil taking a beating after the inventory report, we are seeing anything but a typically pleasant bullish drift higher into the long Labor Day holiday weekend. On the 30-minute chart, below, of the S&P ETF, the action over the last two weeks has morphed into a larger sideways channel....

02Sep10:25 amEST

Peanut Butter Fingers

Commodities continue to be slippery by nature, in terms of hold any rallies. True, crude is basing out reasonably well at the moment, considering yesterday's plunge. And USO may very well be building out a short-term bull flag. Still, more work needs to be done to cement any type of durable bottom. When it comes to precious metals and miners,...

01Sep4:54 pmEST

Stock Market Recap 09/01/15 {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...