Married to the GLOB

31Dec10:51 amEST

Still Backed Into a Corner

Despite the appearance of a Santa Claus Rally breakout in the market earlier this week, not much has changed in our ongoing visual motif of the Russell 2000 Index's ETF (IWM) chart for the month of December. On the updated hourly chart of the IWM, below, note the lower highs still asserting themselves, while higher lows have blunted breakdown...

30Dec3:59 pmEST

Stock Market Recap 12/30/15 {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...

30Dec12:56 pmEST

The Great Wall of Tesla

Tesla finally conquered its 200-day moving average today, which has been akin to a great brick wall for quite some time for the stock. However, the stock has still been largely rangebound since early-2014, much to the chagrin of momentum traders who enjoyed a fairy smooth ride higher in 2013. On the updated daily chart, below, if TSLA is going...

30Dec10:46 amEST

Still Some Trouble from Above

Despite early strength at the open, small caps are back in the red as I write this, with the IWM ETF still struggling with the $115 level, above. We have been keying off the triangle pattern (of lower highs, but higher lows) forming on ETF throughout December, highlighted below, as a means of providing context to the price action. Overall, the...

29Dec5:00 pmEST

Stock Market Recap 12/29/15 {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...

29Dec3:37 pmEST

Not the Best Story for Bonds This Year

TLT is weakening further today, seeming lost in the shuffle among the rally in equities. As you can see on the weekly chart, below, beyond today's move higher in rates (and thus sell-off in Treasuries) is the notion that we may be seeing a sneak preview of what is to come next year, given the highlighted triangle pattern at risk of breaking...

29Dec1:12 pmEST

You're Part of a Team

Lost in the noise of the FIT GPRO post-IPO slop in recent quarters, with each bounce being cheered on in vain, has been the outperformance of a few quality IPOs like SERV ZEN. In addition, it is still worth watching very recent IPOs like RACE SQ to see if their post-IPO technical, tight sideways price bases resolve higher on daily timeframes...

29Dec10:57 amEST

Tugging Along

It appears as though equites are moving with crude oil rather closely these days, perhaps tugging along with it today. Black Gold's gap higher today negated yesterday's apparent bear flag breakdown on the USO ETF daily chart, as equities also gapped up this morning. At the moment, the FANG gang is still intact, and perhaps will have smooth...

28Dec5:09 pmEST

Stock Market Recap 12/28/15 {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...

28Dec3:29 pmEST

Married to the GLOB

Working our way through the final hour of trading today, stocks continue to drift up off the morning lows. We have not seen sellers try to press lower yet, perhaps indicative of the holiday atmosphere still in play. Below the surface, FANG is still at the forefront even if NFLX is lagging the other three (FB AMZN GOOGL). In additions, we have...