Daily Archives: April 4, 2024
Showing articles 1 - 4 (4 total)
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...
22Apr9:37 amEST
A Big Test for This Burrito
A good test this morning to see whether the CMG negative earnings reaction is an exaggerated one is to see if it can respond to the gap-fill from April 9th, at around $654.40. CMG is gapping below the gap now. And I am looking to see if buyers are responsive for at least a quick scalp. If the selling intensifies under $650, then it is likely...