Keeping Them Honest Before Some Big Games

28Jan12:45 pmEST

Good Enough for a Quick Trip

It may not prove to be anything more than a temporary bottom, but the crude oil ETF, below, not he 30-minute timeframe is back over its "neckline" of a near-term inverse head and shoulders bottom. In addition, as we have been tracking, equities are responding in kind with a secondary rally off the morning gap-and-fade. For now, it is tough to...

28Jan10:42 amEST

A Lone General

Facebook is attempting to compensate for the dearth of market leadership, gapping up roughly 12% this morning after a stellar earnings report. Other leaders such as AAPL CMG NFLX PCLN TSLA have all fallen in recent months. Even with a leader like UA gapping up hard this morning after earnings, it is worth noting this is the first time UA has...

27Jan5:09 pmEST

Stock Market Recap 01/27/16 {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...

27Jan3:34 pmEST

Chinese Apples

There is never just one...Apple. I expect more firms which have been harping on growth in China in recent years to follow AAPL's lead now, especially the likes of Nike and other firms which have enjoyed steep, multi-year uptrends. Overall, stocks have been in a sloppy, sideways range since last week's reversal. Risks are still elevated all the...

27Jan12:44 pmEST

Let Them Eat Oil

Crude oil and indeed many energy stocks and sectors related to crude are reversing higher along with equites at the moment. After a weak open, dragged down by AAPL and BA primarily, the indices are either green or flattish as we near the FOMC Announcement at around 2pm EST. One main issue to consider is whether the apparently very bearish...

27Jan10:43 amEST

Boeing on the Runway Headed South

For such a large cap, blue chip heavyweight in the Dow, the post-earnings selling in Boeing may seem like an overreaction. However, the truth of the matter is that BA had been flying on borrowed time for a good while now, as its sharp ascent in 2013 slowed in 2014 and 2015. And now 2016 looks to be the year where Boeing retraces some of that...

26Jan5:07 pmEST

Stock Market Recap 01/26/16 {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...

26Jan3:14 pmEST

Apple Earnings as American as Apple Pie

As Apple Inc. has only grown in market capitalization and ubiquity, its quarterly earnings report has taken on a life of its own, complete with the "oohs and aahs" one would expect to hear at a Fourth of July fireworks show. Regarding the technicals, AAPL is in a downtrend with a confirmed, massive top in place. The stock is widely-owned and...

26Jan12:51 pmEST

Some Clear Obstacles Standing in the Road

As it becomes more apparent that crude oil and equities are, by and large, correlated rather closely in this market environment, both sides of the trade endure higher risks overnight. In particular, the risk of a sizable gap up or down, at random, significantly rises in a corrective market. So just as bottom-fishing longs are being humbled, so...

26Jan10:53 amEST

Keeping Them Honest Before Some Big Games

In front of Apple earnings tonight and the FOMC tomorrow afternoon, some of the notably weak parts of the market are charging higher this morning. Specifically, the energy/materials complex, financials, and emerging markets are clearly leading, along with the mega caps in the Dow Jones Industrial Average, while small caps, biotechnology...