Not So Fast with the Russian Victory

11Jun5:04 pmEST

Stock Market Recap 06/11/15 {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...

11Jun3:18 pmEST

An Important Test of Balance

I posted the following monthly chart of Yahoo! on Stocktwits earlier today, but it is worth another look in the final hour of trading today. YHOO does not report again until late-July. And, as you can plainly see, the stock had broken out from ten-year resistance only to "check-back" to the $40 now for a huge retest. I am looking to see if...

11Jun12:02 pmEST

It's Good to Digest This Gas

After selling the remainder of my UGAZ (triple-bullish ETF for natural gas) long yesterday, in front of this morning's inventory report for the commodity, I am perfectly fine with allowing natty to digest its recent gains. The pertinent issue, of course, is whether natty does, in fact, set up again, or instead gives up the ghost of this week's...

11Jun10:20 amEST

New Age Mobileye Going for the Old Fashioned Breakout

MBLY has been a perennial long watchlist idea inside Market Chess Subscription Services for a while now, with the Israeli self-driving tech firm finally trying to clear and hold over the $48.80 area this morning. On the daily chart, below, the light blue lines denote the sideways channel which has encompassed the consolidation in recent...

10Jun5:07 pmEST

Stock Market Recap 06/10/15 {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...

10Jun3:07 pmEST

Good Biotech; Bad Biotech

Into the final hour of trading, Gilead continues to lead the major, large market capitalization biotechnology issues. For a while now GILD and REGN have been the large cap biotech leaders, while AMGN BIIB CELG were churning. After REGN's gap down today, GILD continues to push on higher, oblivious to any weakness around it. That said, GILD is...

10Jun12:31 pmEST

Living the Good Life in Early Summer

Software plays in the technology arena, such as AZPN LOGM INTU, and several others, look to have as clean a breakout setup as any collection of charts I see in the market right now. While that is playing out, NFLX is still on a tear where, as I noted in my video last night, it is the type of play you are either long or sidelined, not short. ...

10Jun10:24 amEST

Eventually it Wears Off

ESPR is a biotechnology issue we traded inside Market Chess Subscription Services successfully on the long side a few months back. We took profits into the move towards $120 as the stock become short-term overheated, looking to buy it back if it set back up again. That never happened, though. Instead, ESPR is driving home a lesson lost or...

09Jun4:53 pmEST

Stock Market Recap 06/09/15 {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...

09Jun2:50 pmEST

Not So Fast with the Russian Victory

Much like with our analysis of Treasuries (via the TLT ETF) in recent months, when you see a chart ignore oversold conditions and "slide down" the lower Bollinger Band for roughly a week straight, it typically is a sign to become intermediate-term bearish even after the inevitable relief rally. Indeed, we may be seeing just that with the...