Bake Up a Good Chemical Reaction with Gas

27Apr12:31 pmEST

No Time for the Old in and Out

We have a market whipping around in front of the FOMC coming up within the next ninety minutes or so, with small caps, materials, and energy attempting to balance out the selling in many of the tech and biotech issues. Oil continues to punish shorts, while the QQQ ETF is suddenly back below its declining 200-day moving average. We are not...

27Apr10:54 amEST

Behind the Scenes of the Chipotle and Buffalo Wild Wings Selloffs

The post-earnings pounding which BWLD and CMG are taking this morning may very well be overshadowed in financial and social media by the AAPL and TWTR carnage. However, the popular consumer names like BWLD CMG selling off are part and parcel of a consumer discretionary thesis we have been consistently fleshing out for Members over the last few...

26Apr5:03 pmEST

Stock Market Recap 04/26/16 {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...

26Apr3:17 pmEST

This is the City of the Angels, and You Haven't Got Any Wings

"Go back to Jersey, sonny. This is the City of the Angels, and you haven't got any wings." -Captain Dudley Smith, L.A. Confidential (1997) Everyone knows, but of course, if you want to find a world class steel firm then you head towards...Los Angeles? It may seem odd, but Reliance Steel out of Los Angeles, California, has been incredibly...

26Apr1:01 pmEST

Apple Innovation Put to the Test

Looking at the weekly chart for AAPL, below, the pressure sure seems to be on bulls to execute after tonight's earnings report. Even with a multi-week rally into April, Apple has been printing lower highs and lower lows, simply put, since last July 2015. And headed into earnings you might argue the rally has simply set up yet another "bear...

26Apr10:25 amEST

Taking Turns as Leaders

The small cap stocks in the Russell 2000 Index are back at it again this morning, leading a mild market bounce in front of AAPL earnings and the FOMC Announcement tomorrow afternoon. On the 30-minute chart for the IWM, the Russell's ETF, below, note the $114.15 level just above serving as some pretty obvious resistance despite the small caps...

25Apr5:05 pmEST

Stock Market Recap 04/25/16 {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...

25Apr3:40 pmEST

The Perrigo Principle in Effect

The Pareto principle (also widely-known as the 80–20 rule) states that, in general, roughly 80% of the effects come from 20% of the causes in most events. Applied to the huge down move in PRGO today, on the back of news that CEO Papa left to head rival firm VRX, we may very well apply the "Perrigo Principle." Specifically, on a slow market...

25Apr12:43 pmEST

Walk it Down Before the Fireworks

Equities, and indeed most commodity-related stocks, are pushing down into the New York lunch hour, as likely profit-taking is finally setting in before a full slate of earnings, a Fed meeting, and some significant macro data later this week. A leader like NFLX is a notable laggard here, still threatening a potential head and shoulders top...

25Apr10:43 amEST

Bake Up a Good Chemical Reaction with Gas

After an impressive run-up last week, natural gas is coming in off short-term overbought conditions, seen on the daily chart for the UNG ETF, below. Although there have been quick-hitting, actionable long trades in natural gas in recent years, on the whole natty has been mired in a bear market since 2008. Unlike other commodities in 2016,...