A Long Look in the Mirror for This Gold Miner

22Jul3:02 pmEST

Stumble Upon Homes

While the "rich get richer" theme in the market of late has been playing out in the market, with leaders screaming higher, and the AAPL CMG GPRO earnings reactions receiving their fair share of the limelight, homebuilders and banks have quietly outperformed. If the market is going to move higher into August, then I suspect the homies and...

22Jul12:39 pmEST

A Self-Aware Move

Although Apple is in the Dow now, too, it remains a heavyweight QQQ component at the moment. On the 30-minute chart for the QQQ, Nasdaq-100 ETF, below, note the gap down along with AAPL this morning. Dip-buyers did their usual thing before we settled into a sideways churn for the remainder o the morning. Overall, the action has certainly...

22Jul10:19 amEST

Always Risk of Getting Caught

The action in XOMA this morning, down over 76% as I write this, is a good reminder of the inherent risks in small market capitalization biotechnology issues. The stock was down more than 80% pre-market, after the company said a late-stage trial of its treatment (gevokizumab) for Behcet's disease in the eye missed the primary endpoint ( source ...

21Jul4:57 pmEST

Stock Market Recap 07/21/15 {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...

21Jul2:53 pmEST

Security Matters

In an apparent "fox guarding the henhouse" situation, it looks like LifeLock has some explaining to do, with LOCK plunging nearly 40% today on these FTC alleged violations . With this in mind, and on the back of the Ashley Madison news yesterday , you would think the cybersecurity plays in the HACK ETF would be rallying sharply today. ...

21Jul12:34 pmEST

A Trump Card for Dollar Bulls

Considering the U.S. Dollar is finally coming in a bit today, commodities are not staging a particularly impressive bounce across the board. True, the GDX, senior ETF for gold miners, is up 4.5% as I write this. But miners have effectively staged a swoon of late, and they should, frankly, be up by more than 10% for even a sharp bear market...

21Jul10:33 amEST

Big Blue Impeding the Offense

In front of AAPL and GPRO earnings tonight, the market is a mixed bag. IBM, or "Big Blue," is a major drag on the industrials in the Dow this morning, down nearly 5%. IBM continues to be a chart with major issues from a long-term perspective, as I believe that an already-confirmed top can still push the stock down into the $130s. Meanwhile,...

20Jul5:35 pmEST

Stock Market Recap 07/20/15 {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...

20Jul2:54 pmEST

All That Junk Inside the Nasdaq's Trunk

Although the likes of AAPL AMZN FB GPRO are sprinting into their respective earnings reports, the action outside of this collection of stocks remains fairly sluggish today. We also have a novelty of a divergence in the form of junk bonds and high yield corporate paper---A "novelty" because of how routinely this bull market has shrugged them...

20Jul12:33 pmEST

A Long Look in the Mirror for This Gold Miner

On Wednesday morning before the bell, Newmont Mining Corporation is expected to report earnings. NEM is a top two holding by weight in the GDX, ETF for senior gold miners. When we look at a muti-decade chart of NEM, we can see the $27 level, dating back to the late-1980s(!) continues to assert itself as resistance, and has since March 2014,...