Two Different Horses in the Race

11Nov2:54 pmEST

The Fast and the Fluorious: HFT Drift

Even with crude oil and many energy-related stocks getting pounded today, industrials continue to benefit from some signs of drifting rotation attempts. We know General Electric has come alive in recent weeks, strong again today. Another thesis we have been noting for Members has been the potential reemergence of badly beaten-down names, such...

11Nov12:51 pmEST

A Trashy Holiday Spread

You can practically drive an army of tractor-trailers through the massive spread seen in the consumer/retail space. Specifically, a name like AMZN keeps shooting the moon (along with GOOGL), while many prominent retail names like JWN M URBN have seemingly no bottoming in sight, perpetuating their already-steep downtrends. Moreover, for...

11Nov10:36 amEST

Making Veteran Moves on Veterans Day

The veteran, esteemed short-seller James Chanos (pictured above) came out with a short thesis on BABA last week, mostly due to accounting concerns. At the time, the China momentum stock, which IPO'd a little over a year ago, had staged a spirited rally from badly-beaten down conditions, raising the specter of a meaningful bottom in place. ...

10Nov5:12 pmEST

Stock Market Recap 11/10/15 {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...

10Nov3:21 pmEST

A New Gauge of the Consumer

In the coming years I suspect iPhone sales will only become more significant in terms of being an economic bellwether, among the many we have seen. Today, into a flattish tape we have AAPL off by more than 3% on news of struggling iPhone 6s demand. More importantly, the weekly chart, below, shows the widely-owned and widely-loved stock was...

10Nov12:39 pmEST

Gym, TAN, Laundry Says No Energy Bottom Yet

If crude oil and energy stocks have put in meaningful bottom, then the energy-sensitive solars have yet to get the memo. Our stance that solars remain in a firm downtrend with plenty of trapped longs from above "holding and hoping" remans intact, as the likes of CSIQ FSLR SCTY SUNE all plunge today. Just when it seems like solars cannot go any...

10Nov10:36 amEST

The Tide Went Out

On social media yesterday, we were observing the Russell 2000 Index small cap ETF, IWM, on the 30-minute timeframe. Specifically, price had been working through a broadening channel, with $117.30 acting as rough support, tested multiple timeframes before a late-day bounce off it. This morning, however, sees sellers attempting to regain...

09Nov5:06 pmEST

Stock Market Recap 11/09/15 {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...

09Nov2:10 pmEST

Season Two Trailer for "Better Call Saul"

Let's take a quick break from the market action to check out the recently-released trailer for one of the better shows on television, on AMC: "Better Call Saul," which is a comedy/thriller spin-off of the legendary "Breaking Bad." The second season is likely to come out in early-2016.

09Nov12:46 pmEST

Two Different Horses in the Race

Working through the mid-day portion of the trading session, here are two separate ideas, a long and a short. PACB, on the first daily chart, below, is one of the "cleaner" biotech charts out there, price basing tightly to compliment a strong buy volume pattern. If the market rallies back to green today I suspect this one should do well. And...