Monthly Archives: April 2015

Showing articles 1 - 10 (139 total)

30Apr5:00 pmEST

Stock Market Recap 04/30/15 {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. Please click here  for more details about joining...

30Apr2:28 pmEST

Working Better This Time of Year

As we head into May and the summer months of NHL playoffs and stock market volatility (though not as much in recent years), I am noticing that my shorts are beginning to work better and "by the book" more than my longs. To observe an example, I covered half of my CMG short position earlier today inside Market Chess Subscription Services . And...

30Apr12:12 pmEST

Rotation Down the Food Chain

Into the New York lunch hour, note that AAPL continues to weaken down from Tuesday's earnings reversal. Not he 30-minute chart, first below, note the "bear flag" consolidation which could easily see the stock break lower yet into the afternoon.  And some money from the prior winners my finally be flowing into laggard natural gas. On the UNG...

30Apr10:05 amEST

Hesitation Before Summer

On the back of XOM earnings, the energy sector ETF, XLE, is paying a bit at prior multi-month highs, seen on the daily chart, below. I am watching that $82.60 level to see if bulls can convincingly leave it behind into May and the summer months beyond. For now, the prior highs continue to cause at least some hesitation up here.  Elsewhere, in...

29Apr4:53 pmEST

Stock Market Recap 04/29/15 {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. Please click here  for more details about...

29Apr2:56 pmEST

Underwater Sights to See

In terms of assessing levels where TWTR becomes intriguing as a long-term hold, the weekly chart, below, implies that $36 may very well act as a price magnet into the summer months. I would resist the urge to buy with any kind of size unless and until we either see signs of strong hands move on, or the stock moves down to $36 and at least...

29Apr12:29 pmEST

Battlefield Tactics

I spent the morning managing playing tactical longs and shorts inside Market Chess Subscription Services , in front of what is likely to be some fireworks later today after the FOMC Announcement. Specifically, I scaled out of a good portion of my UAL short, as I reckoned that the bullish sentiment of late about AAL was a bull trap and...

29Apr10:21 amEST

One Earnings Reaction Goes One Way and the Other Goes the Other

...and SPY is saying, "Whaddya want from me?" TWTR is still moving lower, even after the 20% plunge during the earnings leak late in the session yesterday. Typically, waiting a few days after a big drop like that is best for anything more than a day-trade, as it looks like big money was caught off-guard.  Meanwhile, GPRO is squeezing higher...

28Apr4:52 pmEST

Stock Market Recap 04/28/15 {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. Please click here  for more details about...

28Apr3:07 pmEST

Social Creatures in Focus

Headed into TWTR earnings after the bell tonight, the first daily chart, below, indicates the stock has been in a holding pattern for a good while, now, after its "base over base over base" pattern since its last report. $53.50 figures to be the upside hurdle for buyers to clear to make any substantive headway going forward, while losing that...

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