Daily Archives: April 4, 2024

Showing articles 1 - 8 (8 total)

16Apr8:18 pmEST

Market Chess Subscription Services Are Now Officially Open!

Please CLICK HERE  for the sign-up form, and at the bottom of the page click on "SIGN UP" for your plan of choice. For those interested in details about each service and pricing, please click here .  Thank you all again for your interest, and I will see you on the other side.

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16Apr4:38 pmEST

Stock Market Recap 04/16/15 {Video}

Please Note: Market Chess Subscription Services Will Launch Later TONIGHT, Thursday, April 16th, (updated) after 9pm EST with a One-Time Discount for the First Sign-Ups. I discuss the features and the pricing for the services at the top of tonight's video, below. Enjoy tonight's video, and I will see you later tonight.  Direct Vimeo Link -...

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16Apr3:45 pmEST

Turning the Page; Chess Moves

Headed into the launch of Market Chess Subscription Services tonight (more on this in my video market recap after the bell), I am wiping some positions clean.  I sold the remainder of my X long at $26.29 from my $25.40 to lock in the rest of that win after scaling most of it higher yesterday.  I sold my HL long at $3.25 from my $3.32 entry for...

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16Apr2:38 pmEST

Once You Go Ack, You Never Go Back

As the Herbalife saga continues, it is interesting to see the long-term chart responding to plain vanilla technical analysis.  Specifically, on the monthly chart, first below, not much has changed since I posted it over the winter on Stocktwits. Just as stock responded to prior highs (upper light blue line) after enjoying a vicious squeeze...

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16Apr1:16 pmEST

Still a Big Burden Overhead

Although the rally in crude, energy stocks, and many materials names has been spirited, fast, and highly unpleasant for shorts pressing at recent lows, the chart of Wynn Resorts may prove to be a good lesson from a technical perspective. It goes without saying that WYNN is not an energy or materials firm. But it was sold almost as aggressively...

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16Apr12:28 pmEST

Two Stocks Finding Comfort in Today's Market

Along the lines of the DATA long idea, with $101 being the nut to crack just above, PANW is another good tech firm with an impressive chart to boot, first below on the daily timeframe. Note the tight, sideways basing pattern.  I suspect another move over $148 in a cooperative broad market for breakout plays should set in motion an upside...

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16Apr11:25 amEST

Fatherly Advice to Juno

After yesterday's gap higher above the major $62 breakout level, biotech JUNO pulled back into it this morning.  On the hourly chart, below, we can see the multiple breakout attempts which initially failed. However, buyers did not entirely give up the ghost either, as price stayed within contention of breaking higher yet.  Specifically, if...

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16Apr10:18 amEST

Watch Duke if the Bond Crazies Start Winning

The top holding in the XLU, ETF for utilities, is Duke Energy, comprising more than 9% of it.  I remain short XLU outright, at $44.26 with a cover-stop over $46.  Regarding DUK, they do not report earnings until May 1st. And gauging the daily chart, below, we can see that like most "utes" it is struggling below its 200-day moving average and at...

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