A Snappy Move in Under Armour

13Jan12:54 pmEST

Making of a Move Into Winter

Netflix reports earnings next week, on January 19th. Barring a sizable gap up, I suspect the stock, after a sizzling spring and summer last year, may be set to hibernate for the rest of winter. After popping last Wednesday on international growth news, the stock is giving back a chunk of those gains today. More importantly, however, is the...

13Jan10:14 amEST

An Opening Tease

U.S. stock index futures had been indicating a fairly sizable snapback rally this morning, on the back of yesterday afternoon's upside reversal during the cash market hours. However, the initial move was blunted by sellers early on, as small caps were leading to the upside and just now briefly flipped red. On the 30-minute chart of the small...

12Jan4:48 pmEST

Stock Market Recap 01/12/16 {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...

12Jan2:30 pmEST

Just a Bastard from a Basket of Commodities

We are quickly approaching that moment where crude bulls needs to put up or fold up and go home. On the 30-minute USO ETF chart, below, we can see oil buyers trying to step in over the last few moments. In light of the fairly sound downtrend, reversals should be something we keep an open mind to, but not necessarily a high probability to...

12Jan12:53 pmEST

A Familiar Dark Trap

The indices seem to be tracking crude oil fairly closely today, as small caps continue to lag while the Nasdaq leads. After an opening gap higher, we filled them below and are currently grinding to a halt as the afternoon portion of the session kicks into gear. We are seeing some real destruction in names like AA FCX SUNE, but bulls are trying...

12Jan10:42 amEST

Pocket Aces Cracked

We have a modest snapback rally taking place early on today in the broad market, with most indices up over 0.50%, and the Nasdaq leading over 1%. LULU and SBUX are some notably gainers, though LULU still has a damaged overall charts, and SBUX remans in dangers of seeing its long-term steep uptrend correct this year. Alcoa unofficially kicked...

11Jan5:02 pmEST

Stock Market Recap 01/11/16 {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...

11Jan2:42 pmEST

Ready When You Are, Sergeant Pembry

It seems as though we are all waiting with bated breath for some type of sustained bounce to take shape in the market, as we have seen sloppy attempts throughout the session, thus far. Despite some real carnage below the surface materials and biotech today, such as BLUE FCX RLYP SWC, the indices are not off as much as you would think. Still,...

11Jan12:41 pmEST

I am Not a Nosy Fellow About Water

As we note for Members on a daily basis, it is always worth keeping a running list of relative strength names throughout all types of markets--The stocks acting impressively. Of course, that is not an automatic buy signal, since these types of broad markets can throw a wrench in even the most enticing of charts, such as PACB today. But when we...

11Jan10:47 amEST

A Snappy Move in Under Armour

Not much has changed from our long-term view of market leader Under Armour--We have a multi-winner which has topped out and trapped in plenty of investors at the highs who were assuming the Steph Curry/Jordan Spieth success would be an unlimited golden ticket for the stock. However, that type of mindset may be exactly what you see at a top, not...