That Was Fun; Wanna Cyber Again?

05Jun4:15 pmEST

Stock Market Recap 06/05/15 {Video}

If you enjoy my blog posts and videos, then I would encourage you to please click here for more details about joining Market Chess Subscription Services for plenty of value-additive features at a reasonable price. Enjoy the video, and have a great weekend!

05Jun3:02 pmEST

Update on Crude Oil

Keying off the USO ETF as a proxy for crude oil, note the daily chart, below, sporting a sharp upside reversal this afternoon right where bulls needed it. Specifically, that $19 area represents a potential "right shoulder" of a massive inverse head and shoulders bottoming formation dating back to the swoon in crude at the end of 2014. For a...

05Jun12:26 pmEST

Not Such an Easy Company of Stocks

The updated hourly chart of the IWM, ETF for the small caps in the Russell 200 Index, below, illustrates the head-fakes higher and lower this week. Note the lower highs, but higher lows (light blue lines), reinforcing the notion of a choppy market which has yet to declare itself directionally. I still view $125 as being the first level for...

05Jun10:30 amEST

Going for the Best Alternative Look

Within the solar space there are plenty of damaged goods, namely the like of YGE trading down to penny stock levels of late. However, many solars are bouncing hard this morning, led by the JASO move. While FSLR still may be a short setup after its big gap-fill below and subsequent potential bear flag consolidation, JKS looks to be as attractive...

04Jun5:02 pmEST

Stock Market Recap 06/04/15 {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...

04Jun2:21 pmEST

You Better Hold That Trigger in This Battle

In this type of market environment, simply seeing some intraday strength is insufficient to declare a true breakout, as many traders are finding out. GOOGL, for example, is a marquee leader in the Nasdaq and a name many have been cheering on with each intraday pop, only to be quickly silenced when sellers present themselves at the $558 level...

04Jun12:03 pmEST

The Blueprint for This Market

Inside Market Chess Subscription Services , we have been focused on keeping a tight leash on all positions, long or short, commodities or fixed income, in this choppy market for a while now. Note how that approach stands in stark contrast to the emotional roller coaster which is so commonplace these days in Twitter Finance, with plenty of...

04Jun10:14 amEST

Look for Winners and Losers

As the market remains rangebound there is a premium being placed on identifying strong and weak stocks, even within the same sector. In the hot cybersecurity space, for example, a notable laggard of late has been the likes of SYMC, while we chose to play the strongest of the strong, such as AVG, this week on the long side. With this in mind,...

03Jun5:11 pmEST

Stock Market Recap 06/03/15 {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...

03Jun2:51 pmEST

That Was Fun; Wanna Cyber Again?

Within the cybersecurity plays in the HACK ETF today, AVG and VDSI look to be as strong as any. We were long AVG, and still are, inside Market Chess Subscription Services , and scaled half of the gains today to lock in some partial profit as the stock hits above its upper daily chart Bollinger Band. In terms of looking for the next rotation...