Sunday Matinée at Market Chess Cinemas

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...

21Apr5:04 pmEST

Stock Market Recap 04/21/15

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 joining ...

21Apr1:39 pmEST

CANCEL ALL WARRANTS! We Have Ourselves a Scapegoat

As Zero Hedge noted within the last hour, on an otherwise slow market post-morning gap into the afternoon, we have ourselves a scapegoat for the Flash Crash on May 6th, 2015, a cool five years after the fact. Regarding the tape, cybersecurity is still in play on the long side, as are other techs, while UA has not tested its 50-day moving...

21Apr11:33 amEST

Golf and Gals

In recent sessions there seems to be some rotation down to specialty retail plays like ELY (Callaway Golf Company, for golf of course) and RICK (Rick's Hospitality Holdings, for "gentleman" of course). If both niche names can now digest these gains well, they may be setting up for longs later this week. Note, however, that ELY has earnings on...

21Apr9:29 amEST

You're No Different Than a Criminal

With FTNT gapping up, cybersecurity stocks are back in play, apparently. I am looking to see if the initial pop and hold not just for FTNT, but for related issues as well. The markets look to be fighting back against hackers, worldwide. UA is coming in a bit after earnings, but given the run the stock has been heretofore, a little giveback is...

20Apr4:54 pmEST

Stock Market Recap 04/20/15

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...

20Apr2:18 pmEST

In the Habit of Playing Great Defense

While the earnings gap higher, which is holding impressively thus far, is quite exhilarating indeed, there are also plenty of other stocks like Apple, seen on the hourly chart, below. Even though Apple is still in a long-term uptrend, even an intermediate-term one, you can see the significance of staying tight with risk when it comes to trading...

20Apr11:28 amEST

My Take on the Drug Business on 4/20

As for the market, the Nasdaq has filled its gap back up to Friday's gap own, which means we have come roundtrip with lots of activity but not much accomplished the last two sessions. It is not all rosy, though, as individual issues like MNKD in biotech land remain weak, and the recent hot plays like BLUE JUNO are getting hit. NFLX is pausing...

19Apr3:33 pmEST

Weekend Overview and Analysis 04/19/15 {Video}

The following video is a brief, condensed version of the Weekend Video Strategy Session which I present each weekend 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...

19Apr10:36 amEST

Sunday Matinée at Market Chess Cinemas

The Good, the Bad and the Ugly (1966) is arguably the best film in the "Western" genre ever made, though I still consider Clint Eastwood's Unforgiven (1992) to be my personal favorite. Still, this Eastwood film, written and directed by the great "Spaghetti Western" auteur, Sergio Leone, is as entertaining as it gets. It does not get any...