Photogenic Birds Stealing the Spotlight

29Sep3:51 pmEST

There's the Rub

Headed into the bell on what has been a wild session, the mega caps in the Dow look rather ominous and perhaps headed towards a major break. But the Nasdaq and small caps balance out the pessimism, with the QQQ ETF still above its 20-day simple moving average. Despite the DB concerns and the Dow swooning 200-points intraday, if bears cannot...

29Sep1:24 pmEST

Back for Another Total DB Move

Bulls were well on their way to a fairly mild day of consolidation this morning, especially in light of yesterday's upside reversal, when Deutsche Bank reared its head again and a sharp intraday sell-off ensued. The Dow suddenly found itself down more than 200 points, and the S&P 500 Index actually breached yesterday's lows. I took the...

29Sep10:49 amEST

This Mime Speaks to Us

Mimecast is a name we have been long inside Market Chess Subscription Services, entering at $16.10 last week and looking for immediate upside. Instead, the stock struggled to reclaim its 20-day moving average and then got hit with a 4 million share, dilutive secondary offering earlier this week in the after hours Monday night. The London-based...

28Sep3:31 pmEST

Stock Market Recap 09/28/16 {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...

28Sep3:27 pmEST

Shunning Them, Then Gunning Them

This afternoon is a pretty good example of how a sharp move in crude oil, off inventory and then the OPEC news, can prove to be the catalyst for rallies throughout all things industrial, materials, and of course energy-related. Indeed, it seems as though a significant group of market players may have found themselves trapped short the energy...

28Sep1:20 pmEST

Rio Tinto Exiting the Tube Northbound

While precious miners are still churning, an interesting theme developing today is the strength in large cap, non-precious global materials miners like Rio Tinto, headquartered in London, England. It is not so much an issue of strength on any given session, since that lend itself too much to randomness and cherry-picking bias. Instead, note...

28Sep10:52 amEST

Another Reversal Before Takeoff

A recurring theme which we have seen for the broad market has been the last-minute reticence of buyers to fully capitalize on having shorts on the ropes. Without question, buyers have presented themselves down below, just when it appears that support would be lost and a deeper market pullback would be inevitable. However, the upper end of the...

27Sep3:39 pmEST

Stock Market Recap 09/27/16 {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...

27Sep3:37 pmEST

Nike on the Surface, UA Underneath It

Nike reports earnings tonight after the bell, in what is otherwise a slow earnings week. The Dow component is obviously a major component of the consumer discretionary complex. Along with DIS HD SBUX, the consumer titans have been relatively weak for a few months now, if not quarters in some cases. While many eyes will be on NKE's numbers on a...

27Sep1:16 pmEST

Photogenic Birds Stealing the Spotlight

The allure of a possible bidding war for TWTR is suddenly and understandably stealing the spotlight in what has already been a busy news cycle for stocks. Whether CRM DIS GOOGL MSFT or another firm actually pull the trigger with a hefty bid remains to be seen. But clearly TWTR's chart has improved to such a degree where we can say that even if...