Finding Peace in Summer

27Jul3:35 pmEST

Summer Sugar Rush in Effect

While the Fed statement accompanying its decision to stand pat earlier may be construed as somewhat hawkish, in reality the Fed has not taken away the punch bowl by raising rates. And, as is often the case in life, actions speak louder than words. To that point, precious metal and miners are seemingly galvanized by the Fed's decision, rallying...

27Jul12:32 pmEST

Dead Ahead of The Fed

After the AAPL and TWTR fireworks carried over this morning from last evening's earnings report, the market is largely asleep in front of the 2pm EST FOMC Announcement. Beyond that, we have plenty more significant earnings reports this week, with FB tonight and AMZN GOOGL tomorrow, among others. The inability of crude oil to hold a bounce...

27Jul10:34 amEST

Assessing the Good and Bad Earners

After some premier firms reported earnings last night, the likes of EW in the medical device space continuing to thrive seems to be overlooked as the more popular names AAPL and TWTR garner attention. Apple still may no longer be a bonafide market leader, a mature brand indeed. However, on the first daily chart, below, bears should not be so...

26Jul4:41 pmEST

Stock Market Recap 07/26/16 {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...

26Jul3:49 pmEST

That'll Get Your Attention

The move in many chips today is certainly noteworthy, considering they had already been strong. The ADI for LLTC buyout rumor resulted in LLTC being halted in front of earnings tonight. Speaking of which, AAPL and TWTR headline tonight's report as we head into the FOMC tomorrow and a slew of more significant earnings, too. Beyond that,...

26Jul12:50 pmEST

The Pain Trade Cometh

Headed into the afternoon portion of the session, equities are by and large working through a very short-term sloppy pattern (within an intermediate-term tighter one) on the major averages. In all likelihood, it is tough to become overly-aggressive in front of some premier earnings reports, The Fed, and GDP later in the week. To be sure,...

26Jul10:18 amEST

Francesca Trying to Reassert Itself

As oil prices slide further this morning, consumers are seeing some relief at the gas pump as a silver living. Of course, there is no free lunch in economics, and the lower oil prices could easily portend continued pedestrian growth in the economy, or worse. Nonetheless, retail stocks continue to notably outperform to the upside this week....

25Jul4:48 pmEST

Stock Market Recap 07/25/16 {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...

25Jul3:38 pmEST

The Proofpoint is in the Pudding

A critical issue for bulls regarding of the sustainability of a rally well beyond making new all-time highs from last summer is whether we see broadening participation across a variety of sectors. This notion would necessarily see at least a few long-time laggards over the last few quarters now get with the program. One sector making a strong...

25Jul1:02 pmEST

Finding Peace in Summer

Today's pullback in stocks comes within the context of a larger sideways move on the major indices dating back a week or two. The IWM, ETF for the small caps housed in the Russell 2000 Index, for example, is still working through a very well-defined range dating back nearly two weeks now. On the hourly IWM chart, below, we can see attempts to...