Monthly Archives: December 2015
Showing articles 81 - 86 (86 total)
02Dec12:27 pmEST
Last Run Before the Eruption
Crude oil had a wild morning in what seems like has become the norm for violent whipsaws without much progress to show for it. After spiking to green before inventory, Black Gold is now soundly in the red, taking energy stocks down with it in what was already a soft session for commodity-related issues. The USO, crude oil ETF, is down nearly 3%...
02Dec10:39 amEST
Doing Vegas Properly
While much of the focus in the casino sector these days seems to be on whether LVS WYNN and pure Macau play, MPEL, are bottoming after relentless downtrends, MGM and BYD look to be sporting stronger overall chart setups. If the casino resorts do, in fact, rally into the holidays as a reprieve after what has been a rough year for them, then I...
01Dec5:02 pmEST
Stock Market Recap 12/01/15 {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...
01Dec3:04 pmEST
Making Up for the Fallen Angels
With some solars and high beta China names perking up today, like SCTY SUNE, it looks like momentum traders are shifting downstream from the likes of AAPL to take on a bit more risk. On the daily chart for Apple, below, the stock is clearly struggling today and indeed overall versus the broad market. Holding under $117.50 would now place the...
01Dec12:42 pmEST
Scouting Around Chinatown for Lunch
BABA and BIDU, among a few other high beta China stocks, created a buzz into the bell yesterday with their surging price action. Both of those names, and the likes of CTRP, are pausing today. But SINA is a name worth watching, along the same lines. On the daily chart, below, note the constructive basing action over all major moving averages....
01Dec10:34 amEST
Morning Strength Filled with Tension
After a strong open, equities are coming in off a recessionary (sub-50) ISM Manufacturing Index number. It is likely we are seeing the market look to shake out as many players as possible before it eventually commits to a new direction. In the meantime, as we have for a while now inside Market Chess Subscription Services, the key is staying...