Natural Potholes

07Jul12:54 pmEST

Would the Last Bull in the Solar Sector Please Turn the Panels Off?

First Solar, often considered to be the best or safest solar name in the sector, is down nearly 10% today after a downgrade. The stock, as you can see below on the daily chart, has already been in a strong downtrend since March, and today's price action simply reinforces it. Solar continue to be the one sector we have abhorred for Members for...

07Jul10:30 amEST

Searching for the Next White Wave to Ride

WWAV has been a core long-term investing idea (mostly as a buyout target) for the VIP component of Market Chess Subscription Services for a good portion of 2016, as we tracked the stock's pullback beginning last summer and culminating in February of this year. The stock had then taken the necessary steps to improve technically. The allure...

06Jul4:44 pmEST

Stock Market Recap 07/06/16 {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...

06Jul3:33 pmEST

I Want to Talk to You About What a Team Means

TEAM is an easy-to-remember ticker symbol. And it is also happens to be in the hot software space in tech. We have profiled this space for a good while now for Members, as many of the sound plays survived and even thrived the volatility around the globe very well. Another name like EBIX is still basing along well, while a few like BSFT CSOD ZEN...

06Jul1:14 pmEST

Oil is Listed as Day to Day, But, Then Again, Aren't We All?

Due to the holiday-shortened week crude oil inventory will be released tomorrow morning in lieu of the usual Wednesday release. On the topic of crude, energy stocks housed in the XLE ETF have experienced a good deal of whipsaw in recent months, since late-April really. During those times of frustrating trend-less action, it is important to not...

06Jul10:39 amEST

The Three-Headed Monster Can Be a Powerful Force

Despite an early dip-buying attempt off the open, stocks are back down to around the morning lows as I write this. On the SPY, ETF for the S&P 500 Index, the $208 level figured to be quite the battleground, serving as initial resistance into the opening bounce attempt after previously acting as support. But, beyond that, the persistent...

05Jul4:52 pmEST

Stock Market Recap 07/05/16 {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...

05Jul3:27 pmEST

Close to a Tipping Point

On a day like today it is easy to focus on a few standouts, such as the rallies in biotech ONVO (a much-improved biotech) and the bounce back in NFLX (still a chart with tons of issues). But the glaring weakness is coming from a sector most traders often overlook--The insurers. Headlined by industry titans such as AIG MET PRU, the KIE sector...

05Jul1:05 pmEST

It Doesn't Matter Until it Does

Of all the inter-market concerns being called out today pertaining the equities, such as the strength in gold and Treasuries, perhaps the most glaring issue is the Japanese Yen. For several months during the late-winter and spring period, equities largely ignored strength in the traditionally risk-averse/safe haven Japanese Yen currency. And...

05Jul10:41 amEST

Natural Potholes

With the prospect of a much more dovish Fed than had been expected just a few short weeks ago, financials, insurers, and brokerages are all struggling mightily this morning. Typically, when this complex has displayed sharp weakness, as we saw off the open, the broad market takes notice and at least slows down a bit, keeping a lid on even the...