Stock Market Recap 10/06/16 {Video}

10Oct3:45 pmEST

Stock Market Recap 10/10/16 {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...

10Oct3:35 pmEST

All Eyes on the Old Dinosaur

Even though Alcoa is no longer in the Dow, when it reports earnings tomorrow morning it is still unofficially serves as the start of a new earnings season. This earnings season will take us into Thanksgiving and the holidays before year-end. Alcoa is also a big materials player in the world, with its $13 billion market cap nothing to sneeze at...

10Oct1:15 pmEST

More Ping Pong in Biotech

Just as the ALNY blow-up in the biotechnology arena last week seemed to throw cold water on any resurgence in the XBI (mid-cap biotech ETF), the surge in TSRO today may be reigniting the space to the upside today. As usual, though, we need to see a bit more confirmation now to disprove the notion we are in a short-term choppy tape with no...

10Oct11:00 amEST

Time to Refuel

The market seems to be indicating that Twitter handled the potential bidding situation about as poorly as possible, with the desire to be bought, along with potential bidders singled out, all made public. Moreover, the firm then slapped an extremely ambitious deadline on the process, before earnings in just a few short weeks. The net result of...

08Oct2:13 pmEST

Weekend Overview and Analysis 10/09/16 {Video}

The following video is a brief, condensed version of the full-length Weekend Video Strategy Session which I present each weekend 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. Please click here for more...

08Oct2:06 pmEST

Saturday Night at Market Chess Cinemas

In Judgement at Nuremberg (1961), the great German-born actress Marlene Dietrich was allowed to write many of her own lines. This is significant since Dietrich personally experienced the Nazi regime before coming to America. The film, as a whole, also has an original take of the post-war fallout, as this American film profiles the the...

07Oct3:44 pmEST

Natural Gas Definitely Calls it Jelly

While plenty of market players and pundits succumbed to the frenzy over the British pound overnight, natural gas is as American as, well, calling Polaner All Fruit, "jelly." On the weekly UNG chart, below, the ETF for natty, we may have finally seen the legitimate upside breakout in light of the endless bear market since 2008. The highlighted...

07Oct1:23 pmEST

Back in the Doghouse

Gilead has been one of the bigger duds among larger cap biotechnology issues for a while now, a name we highlight daily for Members in terms of running through sector leaders. The issue was whether other biotechs would pick up GILD's slack, as the stock merely tried to regain its footing. For a while there, it seemed as though AMGN BIIB CELG...

07Oct11:01 amEST

Betting the Over/Under, Then the Under/Over

Taking a longer-term view of the GDX, ETF for senior gold miners, tells the story of how the gold bear market came to fruition from a technical perspective. On the GDX monthly timeframe, note the 50-period monthly moving average, the dark blue line. This is obviously a very long-term reference point and is not going to change its slope in a...

06Oct3:52 pmEST

Stock Market Recap 10/06/16 {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...