Stock Market Recap 02/06/17 {Video}

09Feb10:45 amEST

Digging Out from a High Energy Storm

One of the major themes from last night's full video for Members was that the energy sector was likely as a do-or-die spot. Specifically, after several failed reversal attempts in recent sessions, the XLE (energy sector ETF) printed an even more prominent reversal daily chart candlestick yesterday from oversold conditions. After a prior,...

08Feb3:56 pmEST

Stock Market Recap 02/08/17 {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...

08Feb3:53 pmEST

It Can Buy Me a Boat

Into the bell, stocks held the line again despite the GILD carnage today. Even UAA looks like it may get a breather, short-term. If the bulls take charge again, keep an eye on the recreational boating space. One of our Members noted BC a while back, and that has acted well. In addition, the smaller Malibu Boats, below on the daily chart, has...

08Feb1:32 pmEST

A Slow Motion Battle on Two Fronts

The action today smacks of a market continuing to probe, but hold, near-term support on both the IWM (small caps) at the $134 level and the 2290 level on the actual S&P 500 cash index. Both of those levels are places we have been keying off for Members in terms of whether any type of meaningful downside will flow from the vast array of market...

08Feb10:25 amEST

Excuse Me, I Believe You Have My Staples

On a morning where biotechs as a group are trying to fight off a vicious Gilead post-earnings gap down, the small caps in the Russell 2000 Index continue to push lower. For a while now, one of the more defined risks for a broad market pullback or correction in the winter months has been the underperformance of those small caps. And that is all...

07Feb3:52 pmEST

Stock Market Recap 02/07/17 {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...

07Feb3:49 pmEST

Fireworks at Gilead's Castle Tonight

On a night where Disney is reporting earnings, it is interesting that large cap biotech is sporting a Magic Kingdom type of monthly chart, seen below. Specifically, failure of bulls to hold here and see the vaunted biotech find its footing after a multi-year correction opens the possibility for some type of a Tower or Castle chart pattern,...

07Feb1:24 pmEST

Slippery When Wet Markets

It is only fitting in dead of winter that have markets seemingly skidding on black ice, not easily seen when we open green like this morning but which becomes more apparent once bulls attempt to venture to new highs. Specifically, the small cap stocks in the Russell 2000 Index and crude oil are two notable weak spots today, likely not only...

07Feb10:27 amEST

The Strong Silent Type

You likely do not hear much on social finance or the financial news media about Emerson Electric Company, a St. Louis-based diversified global manufacturing company. But despite year-over-year earnings decline for this quarter, reported this morning, EMR is surging up and out of a tidy daily weekly base, seen below. To extrapolate, this is...

06Feb3:47 pmEST

Stock Market Recap 02/06/17 {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...