Let's ANIP This Issue in the Bud

23Jul10:34 amEST

Saturday Night at Market Chess Cinemas

The Last Seduction (1994) is one of those film 1990's noirs I love that seemingly very few have seen. You do not want to miss the talented and sexy Linda Fiorentino’s classic performance as a monstrous femme fatale, along with the perfectly-cast Peter Berg and Bill Pullman. via imdb.com A devious sexpot steals her husband’s drug money and...

22Jul3:45 pmEST

We All Have Homework This Weekend

It may a sunny, hot summer Friday on the east coast, but as a trader you should not let that completely consumer your weekend. The reason for that is due to the price action of this market, with an increasing number of chart flagging out and basing well in uptrends. Equally impressive is that it is happening with NFLX getting smacked after...

22Jul1:30 pmEST

For Every One Skechers...

For every one SKX in this tape, breaking down after earnings on the weekly chart, below, there is a reflection back by bulls who have several names firming up and acting well on a slow summer Friday. Even CMG, for example, a long-term leader turned laggard in 2016, is spiking up after an initial move down after earnings. That type of action...

22Jul10:45 amEST

I Know Why the Caged Bear Cries

One of the interesting and recurring aspects about the rise in equites in recent years has been the consistent manner in which buyers have eschewed fear of the many typically concerning divergences across a variety of markets. Whether it be the transports, retail, biotech, energy weakness, or the Yen strength, just to name a few, bulls have...

21Jul3:51 pmEST

Stock Market Recap 07/21/16 {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...

21Jul3:38 pmEST

Give Yourself Some Wiggle Room

The bull case is far from quashed, despite today's selloff potentially galvanizing bears who have been frustrated with the recent rally. However, that need not mean bulls are home free. In fact, given the loaded lineup of earnings tonight (and then next week when it picks up even more) of CMG Pandora SBUX V, among others, giving yourself some...

21Jul12:52 pmEST

A Good Test of Actual Sentiment

With stocks taking a breather this morning and finally seeing some light profit-taking as the small caps initially flinched at the idea of taking over the leadership reigns, we should now gain excellent insight into what the actual sentiment is of market players. Specifically, in this day and age with a plethora of easily-digestible sentiment...

21Jul10:38 amEST

Another Case of Piling On

Just as with our analysis regarding Microsoft and its earnings surge yesterday, Qualcomm is also acting like an elder statesman for a hot sector after its own earnings explosion today. MSFT is the veteran for the software group, while QCOM is it for the suddenly red hot communications equipment plays. Interestingly, on the quarterly chart,...

20Jul3:46 pmEST

Stock Market Recap 07/20/16 {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...

20Jul3:42 pmEST

Let's ANIP This Issue in the Bud

As we profiled yesterday into today, the biotechnology (and crude oil) divergences to the broad market rally would likely be telling. At the moment, bulls are prevailing, albeit with a bit more work to do. Still, the XBI (small/mid-cap biotechnology sector ETF) is surging and rather impressive in its strength building throughout the session. ...