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Most of the time we take a technical (chart-based) look at the market or its sectors to identify trade-worthy trends. Some of the time we'll take a fundamental-based approach to find investment-worthy sectors, or to figure out if the broad market as a whole is overvalued or undervalued. Every now and then though, an opportunity pops up that's not necessarily driven by fundamentals or technicals. Rather, some opportunities are driven by plain old common sense, and are evident to those willing to take a step back and see the bigger picture.

We've got one of those common sense, bigger-picture investment themes for you today.

Though it's been a while since we've done one of these, it's not the first time. I think it was early last year we pegged cybersecurity as an investment-worthy long-term theme, which wasn't exactly supported by fundamentals - nor the technicals - at the time, but has clearly been a big winner in the meantime. The Elite Opportunity also pegged the so-called Internet of Things as a big theme for investors in 2014 and 2015, and has done pretty well on that front with relevant stock picks from the IoT arena.

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The market may not have completely imploded on Wednesday, but boy is it struggling to keep itself propped up. One more rough day and it may finally fall off the edge of the cliff. We'll just have to wait and see, but I'm in agreement with John Monroe on the current situation - the path of least resistance for stocks from here seems to be pointing in a downward direction.

I know we've said this before, but it bears repeating now... John Monroe's Elite Opportunity newsletter has a way of pointing out things that matter, but things that aren't crystal clear with just a quick glance.

I wish I could detail for you exactly what John Monroe is seeing and passing along to EO members, but I can't. Telling you wouldn't be fair to John or Elite Opportunity subscribers. But, I will tell you he's leaning even a little more bearishly than I am based on some of the context and clues he's seeing that we don't get to discuss much here in this newsletter.

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Good Tuesday afternoon, friends and fellow traders. Well, we can't say we're entirely surprised Monday's rally effort fizzled on Tuesday. The market's been moving in fits and starts for weeks now, and there's nothing that's happened in the past few days to break stocks out of that rut. We're still mostly trapped in a range, and this kind of short-lived volatility is just par for the course at this time. We'll snap out of it eventually, but until we do, we're going to be leery of any seemingly-strong moves.

We'll take our usual detailed look at the market below, but first, I want to congratulate those of you who are members of the Elite Opportunity service. The EO just booked a 27% gain on its WhiteWave Foods Company (WWAV) position, which it only stepped into in October. That gain follows the 85% gain John Monroe and his team recently booked on JetBlue Airways Corporation (JBLU) for Elite Opportunity subscribers.

While obviously not every trade Elite Opportunity members get works out quite that well, more than enough of them do to make a huge difference in members' bottom lines. Heck, one or two good trades from the Elite Opportunity could more than cover your subscription costs. After that, the winning picks are pure upside.

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Welcome back from the weekend, everybody. We've got some new calls and updated calls on a handful of the market's industries today .... the ones we ended up not being able to get done last week. The first thing we want to get done today, however, is a quick comparison of the stock market and the U.S. dollar.

What's the Dollar Going to Do to Stocks?

First things first. I have to give most of the credit regarding what you're about to read about the stock market and the dollar to John Monroe, who once again got me thinking about some things I hadn't yet thought about in his Elite Opportunity newsletter from this afternoon.

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Things may not have been as rough on Thursday as they were on Wednesday, but the failure to stage a convincing snap-back rally today is a problem in itself. We've now logged four straight days of weakness, and the bulls don't seem interested in doing anything to stop it. That's not to say there are a bunch of sellers out there, because there aren't - volume remains moderate. We're getting to the point, though, where the bulls are going to have to step up and stop the bleeding now, or deal with a much bigger problem in the near future.

While we generally try and lay out everything on the table first and then share our conclusions with you, today we're going to do thing in reverse and let you know there's still nothing definitive in the stars. But, boy are we close to kick-starting a pullback.

I'll just real quickly show you what I see that's wrong and right with every chart, starting with the S&P 500's daily bars.