Tricky Motherfrackers

06May5:02 pmEST

Stock Market Recap 05/06/15 {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...

06May2:57 pmEST

Navigating the Bumpy Streets

The small caps in the Russell 2000 may be outperforming the other indices a bit today, but we have been watching some specific levels all day inside Market Chess Subscription Services in order to at least stay out of trouble with longs. Indeed, it is worth noting that in choppy and/or corrective markets, even the most attractive of long...

06May12:28 pmEST

A Noir-ish Feel to the Rally in Crude

While crude oil gapped up this morning (and faded a bit off the highs as I write this), energy stocks remain suspiciously soft as a whole. Specifically, the likes of CHK is reversing down, and, more importantly, the XLE (energy sector ETF) is actually flirting with a breakdown from a long, sideways range. This type of action reinforces the...

06May10:21 amEST

Summer Dishes Are Almost Done Already

Well, that was fast. After its earnings gap lower last week, TWTR hit a low of $36.52 this morning, within shot of the $36 level I had expected to be hit sometime this summer. (The updated weekly chart, below, shows the prior price memory at $36). It may very well come sooner than that, or perhaps has already passed if $36.52 is all she wrote....

05May5:02 pmEST

Stock Market Recap 05/05/15 {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...

05May2:40 pmEST

The Summer Dance of Bear Hope

While the momentum blow-ups this earnings season in LNKD TWTR YELP, and now QLYS, may be enough ammunition for hopeful bears to declare a correction imminent, this particular bull market has been resilient enough to previously shrug off those types of moves in the past. But when it comes to a heavyweight market cap sector such as the...

05May12:22 pmEST

Play it Safe with Baba Booey

BABA has been a short idea we have been charting in recent sessions, as the $80 level failed to hold for the controversial stock. Earnings, however, are coming up later this week, on Thursday, which of course can trump this chart one way or the other. Into big strength, $80 then $86 would be levels of interest upside, whereas a major...

05May10:11 amEST

Making a Statement with the Dollar

Even with the U.S. Dollar ETF, seen below on the daily timeframe for UUP, trying to stabilize at its 100-day moving average and green this morning, select commodities are flexing, namely crude oil. In addiiton, natural gas has been on a tear of late and may finally be turning the corner into summer. Precious metals remain rather sloppy...

04May4:54 pmEST

Stock Market Recap 05/04/15 {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...

04May2:07 pmEST

Tricky Motherfrackers

David Einhorn came out swinging today at the Ira Sohn Conference, sticking it to fracking plays and labeling them as "motherfrackers." In particular, his bear thesis and "motherfracker" commentary pointed towards Pioneer Natural Resources. (PXD). First and foremost, PXD reports earnings tomorrow, which could certainly trump any current...