Daily Archives: April 4, 2024

Showing articles 1 - 4 (4 total)

26Apr3:49 pmEST

Stock Market Recap 04/26/17 {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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26Apr3:47 pmEST

Underwater Too Long

Today's peculiar upside reversal in the precious metals' miners comes at an important technical spot.  Not only is GDX (and GDXJ, for the junior miners) oversold, seen on the first chart below for the senior gold miners' ETF, but GLD, ETF for the yellow metal itself, has backtested its 200-day moving average (yellow line on second daily chart,...

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26Apr1:46 pmEST

Chewing Through Nostalgic Areas

To follow-up on yesterday's blog post, both CMG and WYNN not only survived earnings but are furthering their respective bull cases for long-term turnarounds today.  Wynn Resorts, below on the monthly chart, did an admirable job breaching $105 a few weeks back. And now is flashing many signs of valiantly holding above it. I suspect the net major...

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26Apr10:43 amEST

Kaiser Aluminum Söze Convincing the World

On the back of completely different reactions to earnings by aluminum giant Alcoa versus steel magnet X, you get the sense one of these industries is telling a story the other is not buying. The bull story rests on the price action in the aluminum stocks. As one of our Members noted this morning, beyond Alcoa we also have improving price action...

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