A Good Look at Bouncing Along

24Apr4:19 pmEST

Stock Market Recap 04/24/15 {Video}

**Be sure to take advantage of the final days of the introductory discount to Market Chess Subscription Services *** Please click here for more details before the discount lapses this weekend. Enjoy the video, and have a great weekend!

24Apr2:18 pmEST

Handling the Turbulence Well

Airlines remain a resilient group, with AAL staging a rally this week. Overall, many airlines are still in sideways ranges after prior multi-quarter bull runs. But if the bull resumes, I have my eye on RYAAY, Ryanair Holdings, with earnings May 18th. On the weekly chart, below, note the basing action of late. A move over $68 would make things...

24Apr11:11 amEST

The First Stop Above the Clouds

With AMZN GOOGL SBUX representing some big Nasdaq high-fliers this morning, after earnings, keep an eye on those intraday charts if you are looking for Friday day-trades. On the 5-minute timeframe for AMZN, below, for example, note how price marked time sideways off the opening gap in order for the 20-period moving average (orange line) to...

23Apr4:53 pmEST

Stock Market Recap 04/23/15 {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...

23Apr2:54 pmEST

A Big Night for Discretionary Spending

AMZN and SBUX are just two of the big earnings reports coming up, which should shed some light as to where the XLY, consumer discretionary ETF, seen below on the daily chart, resolves the highlighted consolidation near recent highs. AAPL is also having a good day, with earnings next week, while FB falters after its own earnings. Into the...

23Apr12:14 pmEST

Battling the Levels

Facebook and Caterpillar are both giving up their earnings gains this morning. In particular, we had $84.39 as a key level this morning to see if the pullback would hold and offer an actionable long entry. Instead, buyers failed to show up and here we are at midday with FB looking rather sloppy, seen on the 30-minute chart, below. On a more...

23Apr9:42 amEST

Old Autos and a Big Cat

GM is gapping down this morning, as they chart remains corrective since a strong start to 2015. If this gap down pauses enough to flag out a bit today or tomorrow, I view this as a looming short setup. And the big CAT, Caterpillar, second daily chart, is trying to find relief from its downtrend, which it has been in for a while now. Watch to...

22Apr5:02 pmEST

Stock Market Recap 04/22/15

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...

22Apr2:42 pmEST

Emerging Market Temptations

Petrobras has a similar chart setup, seen below on the daily timeframe, to many other energy stocks out there right now which we are looking today. PBR also has, of course, emerging markets exposure. And in addition to Brazil (EWZ) China (FXI) is pushing higher yet again. I see some setups developing in this space, too. For now, PBR above the...

22Apr12:17 pmEST

A Good Look at Bouncing Along

As we have seen with the likes of AAPL FB of late, bulls seem unfazed even as price leans down against well-defined support. YHOO is another example of this circumstance, post-earnings against that $44 level. If buyers can keep defending it, then the key remains the sideways channel (light blue lines), and no short trade despite the tempting...