A Tough Fit

01Dec1:36 pmEST

Seems Like Ancient Ruins

The pre-Election trading may very well seem like a distant memory at this point. But, as far as markets are concerned, we have some sightseeing to do. Specifically, the S&P 500 Index is backtesting its prior mid and then late-August all-time highs at 2,193 today. We have a few hours remaining in the session before a big jobs number tomorrow...

01Dec10:56 amEST

Circle of Life and of Bull Markets

After a good while of leading, technology (especially chips and "FANG" names) as well as bonds and rate-sensitive sectors are suddenly in the outhouse, with the penthouse being occupied by the energy complex as well as financials. I am generalize a bit, of course. But the gist of the price action is such that these rotations are becoming...

30Nov3:45 pmEST

Stock Market Recap 11/30/16 {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...

30Nov3:44 pmEST

All Fall Down

Part of the mystique equity bulls have enjoyed for a few years now has not just been due to the abrupt, V-shaped rallies from some of the most historically bearish reactions to exogenous events (limit down in the futures to both Brexit and the Trump victories, for example), but also to the remarkable resilience and seemingly endless rotations...

30Nov1:19 pmEST

A Quick Trip Through God's Country

Amid the headlines and sharp moves across the energy complex today, it is rather easy to overlook some of the constructive action among the agriculture and fertilizer plays. The ringleader, on some level, would be Deere. Farmers love their John Deere's, of course, and it shows on the long-term chart, below. Note how DE is finally breaking...

30Nov10:50 amEST

Memo to OPEC: Ball Don't Lie

via urbandictionary.com "Ball don't lie" is said when a player misses one, two or all three of his free throws after a questionable foul call is made by an official. The ball is, essentially, the unbiased judge who will not reward the player... Crude oil and energy stocks have flopped around, complete with head-fakes in both directions, for a...

29Nov3:37 pmEST

Stock Market Recap 11/29/16 {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...

29Nov3:36 pmEST

Oil's Big Day Tomorrow

Stocks are broadly coasting into the bell here, as the impressive resilience early in the session gave way to apathy and aloof attitudes by traders in the afternoon. Overall, the market is still giving the look of a contained consolidation, thus far. However, the back half of this week presents a few events we need to monitor, especially in...

29Nov1:29 pmEST

More Signs of Rotation

Even within sectors, such as the steels and materials miners, mostly in the XME ETF, we are seeing signs of money circling around as opposed to fleeing equities outright. Specially, several extended steels like AKS X are pausing this week, as is monster winning materials miner, TCK (first daily chart, below). Note TCK's reversal candle...

29Nov10:48 amEST

A Tough Fit

The MNK earnings sell-off and NVLS's 55% haircut this morning are not particularly helpful for the bull case in healthcare and biotechnology stocks, on the surface. To be sure, placing all of those stocks in the aforementioned sectors into the bullish basket is a tough fit, at best, or even downright wishful thinking. However, there are...