Doing Vegas Properly

04Dec1:16 pmEST

They Stayed on the Path

As the market snaps back hard today, it is a good reminder to always keep a running list of stocks exuding relating strength into market weakness, as we do for Members constantly. These are stocks we look to see who have stayed on their respective paths, not blown off the path by market turbulence. Typically, that is a sign of strong underlying...

04Dec11:01 amEST

The First Goal for Gold: Stop Going Down

It may be quaint, but when it comes to potential bear market bottoms there is no substitute for taking things one step at a time, and of course never complacently assuming the bottom is definitely in place until it has been technically confirmed. In the case of precious metals and miners, we are still a long ways away from that technical...

03Dec5:05 pmEST

Stock Market Recap 12/03/15 {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...

03Dec2:30 pmEST

From Super Mario to Duck Hunt

Mario Draghi, President of the European Central Bank, seems to have fallen from market grace, at least in comparison to his "Whatever it Takes" speech a few years back. Instead, the Euro is staging a vicious short squeeze while European Bourses (and the U.S. indices) get pounded. Of course, Chair Yellen's hawkish comments may be adding fuel to...

03Dec12:35 pmEST

Oktoberfest is Over; Now Comes the Hard Part for Germany

The selling in equities is picking up a bit of steam into the New York lunch hour, as semiconductors did indeed flip red despite the AVGO gap higher. The volatility ETF, VXX, is back over $19. And the IBB, biotech sector ETF, is under $330 and wobbly. We are primarily focused on tactical shorts inside Market Chess Subscription Services, with...

03Dec10:41 amEST

The Volatility Bone Connected to the Jawbone

Amid another round of speeches by key Central Bankers in Europe and the U.S., stocks have whipsawed violently over the last eighteen hours since yesterday's cash close. Nonetheless, rallies have been faded and bears find themselves in the familiar position of trying not to fumble a setup to follow-through the market lower. If that is going to...

02Dec4:50 pmEST

Stock Market Recap 12/02/15 {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...

02Dec3:14 pmEST

Old-Fashioned But Not Obsolete

As much fun as many market players and pundits have had at castigating the transports, what with "Dow Theory" being seen as a relic of Wall Street past, the reality is that the Dow Jones Transportation Average topped out a little over one year ago and remains in a bear market. That 200-day moving average, the yellow line on the daily chart of...

02Dec12:27 pmEST

Last Run Before the Eruption

Crude oil had a wild morning in what seems like has become the norm for violent whipsaws without much progress to show for it. After spiking to green before inventory, Black Gold is now soundly in the red, taking energy stocks down with it in what was already a soft session for commodity-related issues. The USO, crude oil ETF, is down nearly 3%...

02Dec10:39 amEST

Doing Vegas Properly

While much of the focus in the casino sector these days seems to be on whether LVS WYNN and pure Macau play, MPEL, are bottoming after relentless downtrends, MGM and BYD look to be sporting stronger overall chart setups. If the casino resorts do, in fact, rally into the holidays as a reprieve after what has been a rough year for them, then I...