A Hit Job in China

16Sep12:19 pmEST

Baby Jumps in Crude Oil

While this morning's price action in crude oil is no doubt a reprieve for bulls holding from higher prices in fishing out the bottom to a steep bear market, the ETF's declining 50-day moving average (dark blue line on daily chart, below) is providing initial resistance, for example. Beyond ETF analysis, though, is the notion that commodities...

16Sep10:28 amEST

Slowing of Commerce

Fedex missed earnings this morning and gave an outlook warning, to boot. The giant in the IYT, ETF for the transport sector, has been a recurring theme on this website for several months now, essentially acting as a thorn in the side of any sustained bull thesis for the market at--large. And when we updated the daily chart, below, we can...

15Sep4:58 pmEST

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

15Sep2:59 pmEST

Place Your Bets Here Before the Fed

Before we get to the FOMC on Thursday afternoon, transportation giant Fedex is sure to attract attention tomorrow morning as it is easily the largest component by weight in the IYT, sector ETF. FDX is a major transport we have been tracking since the spring months, inside Market Chess Subscription Services, due to the well-defined support...

15Sep12:39 pmEST

Quick Games While We Wait

It is tough to have any type of conviction one way or the other in front of likely fireworks this Thursday, not only with the Fed but also a slew of government data. I suspect the drifting action, down yesterday and up today, will continue until the main event Thursday afternoon. Meanwhile, beaten-down names like ONVO and WTW are garnering...

15Sep10:32 amEST

Upside Down

BABA is rallying this morning, still trying to shrug off the Barron's bearish piece over the weekend calling for a much deeper plunge than the China stock has already seen. To many contrarian, this sort of setups is ideal---A controversial company and stock which has already been decimated is now essentially being called a fraud and expected...

14Sep4:43 pmEST

Stock Market Recap 09/14/15 {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...

14Sep3:09 pmEST

Keeping Tabs on Everything

The latest biotech blow-up, in RPTP, down roughly 40% today, drives home that lesson, once again, that even as a multi-year bull market leader biotechnology stocks are still riskier-than-usual stocks to own on an individual basis. We have been discussing strategies to minimize those risks for Members today. Of course, it is exciting for buried...

14Sep12:40 pmEST

Slow and Steady Keeps You in the Race

We are off to a sluggish start in the market this week. However, it is likely the pace of the action will pick up the closer we get to the FOMC, concluding with tons of events Thursday afternoon. In the meantime, the small caps in the Russell 2000 Index, below on the zoomed-out 30-minute chart of the ETF, are still grinding towards the apex of...

14Sep10:21 amEST

A Hit Job in China

The controversial Barron's piece by Jonathan Lang over the weekend about BABA continues to provide for some pre-FOMC buzz this morning. The piece calls for BABA to basically drop 50% from current levels, amid other shots leveled at Jack Ma's firm, which is a creature of China's command economy. The stock is down over 3% as I write this, but...