Cat Versus Deer in a High Stakes Standoff

14Aug3:20 pmEST

Final Hour Late Summer Update

Given the whipsaws of the current market, I decided to lock in wins in a biotech and FDX shorts into the weekend. If need be, I will revisit those plays next week. But, for now, the back-and-forth nature still reigns supreme over any kind of range break, just yet. And beaten-down novelties like LL and TWTR are capturing the attention of bored...

14Aug12:22 pmEST

The Biotechnology Sector is Just Like the "Sons of Anarchy" Television Series

Initially, in the first few innings/seasons, there is a ton of promise, big growth opportunities, lots of exciting storylines and bright futures against a rugged backdrop. As the stories and rallies progress, tons of new breakout stars get into the mix, as well as some old-time famous cameos. And then, thorough no fault of its own, the...

14Aug10:24 amEST

Pondering a Surrender

The price action this week in the precious metals miners now compels us to consider whether what we saw in late-July, with violent selling after an orderly, steep move lower, was a form of capitulation from gold bugs who finally waved the white flag on their firmly held positions. The counter-argument to the above point, which many gold bears...

13Aug5:17 pmEST

Stock Market Recap 08/13/15 {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...

13Aug3:34 pmEST

Talk is Cheap and Overtrading is Expensive

We have a market on our hands which is uniquely fit for hindsight trading, with each mini-peak and valley in the context of a sideways range lends itself to looking back in lieu of focusing on the present. While the market did stage an impressive reversal yesterday (the S&P's largest in several years, according to some statistics I have seen),...

13Aug12:35 pmEST

Who is Flying the Energy Plane?

Crude oil continues to plunge, unable to hold what could have easily been an overdue snapback rally yesterday, amid energy stocks rallying and bullishly diverging for several days now. And, yet, the action is scatterbrained today, with XOM green, while COP is down nearly 3%, for example. Moreover, the glaring laggards from yesterday, such as...

13Aug10:33 amEST

No Easy Way Out of This Town

Yesterday's sharp upside reversal in the market is taking a breather today, while beaten-down solars names like SEDG SUNE catch oversold bounces. In addition, mature tech name CSCO is seeing a post-earnings rally. Overall, though, the action is tame following the fireworks we saw yesterday afternoon. In addition to watching the biotech issues...

12Aug5:14 pmEST

Stock Market Recap 08/12/15 {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...

12Aug3:12 pmEST

The Last Seduction

It is not just to a tough market for Russell 2000 Index longs, given the pattern of lower highs and lower lows by price since late-June, not to mention price moving down below the 200-day moving average, but shorts still need to be extraordinary prudent in this trapping bull market. And with a rising 200-day moving average on the Russell, the...

12Aug12:35 pmEST

Cat Versus Deer in a High Stakes Standoff

On top of a bearish USDA report for corn and beans. John Deere is giving a chunk of recent gains as it tried to break higher from a multi-year level of resistance, seen the first monthly chart, below. Overall DE has been rather strong the agricultural machinery space, especially when you consider how weak Caterpillar has been, not to mention...