Stock Market Recap 06/24/15 {Video}

27Jun11:36 amEST

Luck Versus Skill

The following video is a good, thought-provoking Saturday piece. via YouTube Dr. Richard Garfield discusses "Luck Versus Skill" when designing games aboard the 2012 Magic Cruise in a bonus episode of the "Magic TV" weekly series.

26Jun3:58 pmEST

Stock Market Recap 06/26/15 {Video}

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26Jun2:56 pmEST

Solar Waterfall

With CSIQ plunging today, along with TAN (ETF for the solar sector as a group). First Solar is back on my radar short radar for a potential secondary breakdown. We looked at FSLR previously as an educational example of a "gap-fill," rather obvious on the daily chart, below. You can see price came down and filled that wide open space off the...

26Jun12:26 pmEST

Rain is a Good Thing

Soft commodities continue to improve, with corn and wheat likely to now confirm intermediate-term bottoms, pending today's weekly close. As we discussed previously, cocoa has been particularly strong, and is continuing to push higher yet today out of a high and tight bullish price consolidation. Going forward, I am looking for coffee to play...

26Jun10:33 amEST

An Idea in the Heat of Battle, Made in Taiwan

With Micron leading the semiconductors lower this morning, we are still short INTC inside Market Chess Subscription Services , looking for the semi titan to continue its relative weakness to the sector. In addition, Taiwan Semiconductor, another heavyweight in the SMH sector ETF, may be ripe to follow the group down. In addition, the...

25Jun4:55 pmEST

Stock Market Recap 06/25/15 {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...

25Jun2:47 pmEST

Summer Swim is Downstream in This Sector

In addition to the transports, another part of the market we have been profiling for its persistent weakness of late would be the energy stocks, housed in the XLE sector ETF. While energy stocks have see spirited bounces at various times throughout 2015, after memorable swoons across the board late-last year, bottom-fishing bulls may not...

25Jun12:43 pmEST

Hi-Tech Driving

While TSLA is inching up again today and is currently the top trending ticker on Stocktwits, inside Market Chess Subscription Services we have been playing the self-driving Israeli stock MBLY again on the long side. We played the original breakout earlier this month, and are now looking for the many shorts in the name to feel the heat a...

25Jun10:19 amEST

They're Ugly, But Not Yet Deserving of Your Sympathy

In conjunction with the sell-off in bonds this spring, and thus the spike in rates, the rate-sensitive utilities remain glaringly weak. On the sector ETF daily chart, below, note that the "utes" are still weak this morning. However, they are not yet technically oversold, still not at their lower Bollinger Band, just as one example. DUK is a...

24Jun5:07 pmEST

Stock Market Recap 06/24/15 {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...