Battling the Elements

27Jan3:34 pmEST

Chinese Apples

There is never just one...Apple. I expect more firms which have been harping on growth in China in recent years to follow AAPL's lead now, especially the likes of Nike and other firms which have enjoyed steep, multi-year uptrends. Overall, stocks have been in a sloppy, sideways range since last week's reversal. Risks are still elevated all the...

27Jan12:44 pmEST

Let Them Eat Oil

Crude oil and indeed many energy stocks and sectors related to crude are reversing higher along with equites at the moment. After a weak open, dragged down by AAPL and BA primarily, the indices are either green or flattish as we near the FOMC Announcement at around 2pm EST. One main issue to consider is whether the apparently very bearish...

27Jan10:43 amEST

Boeing on the Runway Headed South

For such a large cap, blue chip heavyweight in the Dow, the post-earnings selling in Boeing may seem like an overreaction. However, the truth of the matter is that BA had been flying on borrowed time for a good while now, as its sharp ascent in 2013 slowed in 2014 and 2015. And now 2016 looks to be the year where Boeing retraces some of that...

26Jan5:07 pmEST

Stock Market Recap 01/26/16 {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...

26Jan3:14 pmEST

Apple Earnings as American as Apple Pie

As Apple Inc. has only grown in market capitalization and ubiquity, its quarterly earnings report has taken on a life of its own, complete with the "oohs and aahs" one would expect to hear at a Fourth of July fireworks show. Regarding the technicals, AAPL is in a downtrend with a confirmed, massive top in place. The stock is widely-owned and...

26Jan12:51 pmEST

Some Clear Obstacles Standing in the Road

As it becomes more apparent that crude oil and equities are, by and large, correlated rather closely in this market environment, both sides of the trade endure higher risks overnight. In particular, the risk of a sizable gap up or down, at random, significantly rises in a corrective market. So just as bottom-fishing longs are being humbled, so...

26Jan10:53 amEST

Keeping Them Honest Before Some Big Games

In front of Apple earnings tonight and the FOMC tomorrow afternoon, some of the notably weak parts of the market are charging higher this morning. Specifically, the energy/materials complex, financials, and emerging markets are clearly leading, along with the mega caps in the Dow Jones Industrial Average, while small caps, biotechnology...

25Jan5:11 pmEST

Stock Market Recap 01/25/16 {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...

25Jan2:54 pmEST

I'm Gonna Go Sell the Papers, Sell the Papers

With the way the paper/packaging plays are behaving today, as a Member astutely noted, AMZN may have a ugly surprise coming up for earnings later this week on Thursday. But even if the Amazon extrapolation is too much of a stretch, there is no doubt that stocks like PKG IP KS GLT WRK are getting decimated today, acting like they are getting...

25Jan12:18 pmEST

Battling the Elements

Working our way through the New York lunch hour, stocks are still churning. The small/mid-cap biotechnology issues housed in the XBI ETF are actually outperforming here, up over 1% as I write this, which is impressive considering the IWM (small cap ETF of the Russell) is lagging and flirting with a breakdown below $100, seen on the 10-minute...