Daily Archives: July 7, 2024

Showing articles 1 - 4 (4 total)

10Nov5:12 pmEST

Stock Market Recap 11/10/15 {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. If you enjoy my videos and blog posts, then please...

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10Nov3:21 pmEST

A New Gauge of the Consumer

In the coming years I suspect iPhone sales will only become more significant in terms of being an economic bellwether, among the many we have seen.  Today, into a flattish tape we have AAPL off by more than 3% on news of struggling iPhone 6s demand.  More importantly, the weekly chart, below, shows the widely-owned and widely-loved stock was...

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10Nov12:39 pmEST

Gym, TAN, Laundry Says No Energy Bottom Yet

If crude oil and energy stocks have put in meaningful bottom, then the energy-sensitive solars have yet to get the memo. Our stance that solars remain in a firm downtrend with plenty of trapped longs from above "holding and hoping" remans intact, as the likes of CSIQ FSLR SCTY SUNE all plunge today.  Just when it seems like solars cannot go any...

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10Nov10:36 amEST

The Tide Went Out

On social media yesterday, we were observing the Russell 2000 Index small cap ETF, IWM, on the 30-minute timeframe.  Specifically, price had been working through a broadening channel, with $117.30 acting as rough support, tested multiple timeframes before a late-day bounce off it. This morning, however, sees sellers attempting to regain...

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