Flocking Together Into Darkness

13May12:50 pmEST

A Backdrop of New Mexico Architecture

If the bull case does pan out for the broad market this summer, it is hard not to see Adobe taking over the reigns of mature tech leadership. On the daily chart, below, note ADBE basing soundly in the context of an uptrend. Earnings are not due until late-June. And I suspect a move over $97.20 now could get Adobe going well over $100. Note...

13May10:42 amEST

Know What You're Hunting For

The back-and-forth nature of the action over the past week or so can be reflected in two charts, differing timeframes of the SPY (ETF for the S&P 500 Index). First, the daily chart shows a possible head and shoulders top (the right shoulder can be higher than the left shoulder in a valid top), below in light blue on the first chart. Next, the...

12May5:54 pmEST

Stock Market Recap 05/12/16 {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...

12May2:38 pmEST

Sugar House Casino Emerging from a Rough Neighborhood

For all of the backing, filling, head-fakes and heartbreak, the coffee and sugar commodities both look to be cementing longer-term bottoms with their recent rallies which appear to be holding steady. For quite some time now, trading the thin soft commodity ETNs has been very casino-esque, ironically tantamount to the Sugar House Casino in...

12May1:02 pmEST

Lots to Choose from at This Buffet

By now, we all know the trials and tribulations of VRX in the healthcare sector, complete with Bill Ackman ballyhoo and juicy media coverage. But beyond VRX, many other titans in the healthcare complex are under pressure, failing to sustain eve promising earnings bounces. MNK, for example, is now well below its recent earnings jump, and then...

12May10:49 amEST

If You're an Apple Supplier, Reveal Yourself

The persistent weakness and inability to hold so much as a modest bounce continues to haunt Apple, knifing below the $92 level, which we had been previously observing for Members, this morning. Late-last week, we looked at the AAPL suppliers for actionable short ideas, including "Lyin" CRUS, which rallied after earnings only to give up the...

11May4:55 pmEST

Stock Market Recap 05/11/16 {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...

11May3:43 pmEST

You See This? This is This

Crude oil is crude oil. The popular thesis that stocks are moving in lockstep with Black Gold is getting thrown for a loop today, as equities giving up most or all of yesterday's gains while crude surged after inventory this morning. So what is the message from the market: You see this? This is this. Crude is crude. It's not something else....

11May12:52 pmEST

Pack Your Lederhosen, Boys

Pack your lederhosen, boys. You're going to Norway. Well, you will at least want to look at the Netflix chart, second below (for which Lilyhammer was the first exclusive content offered by the service), compared to might AMZN, on the first daily chart. As we know, AMZN and FB have been the undisputed monsters of the market lately. And, going...

11May10:40 amEST

Flocking Together Into Darkness

On the back of earnings disasters by Macy's and Fossil, down 11% and 30%, respectively, as I write this, retail names visually across the board are getting pounded this morning. Note that this includes names which has been holding up well, such as Coach. Other issues like KORS TGT TIF are not being spared either, getting clubbed without mercy. ...