Virtual Reality is Great But Let's Remember the Real Thing

20Sep1:26 pmEST

Don't Forget Your Jump to Conclusions Fed Day Mat

Despite the major averages not giving the impression of too much action today, some sectors like energy, materials, biotechs, and transports are inspiring bulls. Nonetheless, it is worth reiterating that we have a known, defined risk event at the bottom of the hour through the end of the session today in terms of the FOMC, the Fed forecasts,...

20Sep10:52 amEST

That Movie Where Schillinger Plays a Pregnant Teen's Father

On the back of some positive news from Alnylam Pharmaceuticals, Inc. (ALNY) this morning, plenty of mid-cap biotechnology stocks are making some noise in front of the FOMC later today. Clearly, quite a few names in the XBI (ETF for small and mid-cap bios) have been impressive insofar as not giving back much of recent rallies. And the prospect...

19Sep3:52 pmEST

Stock Market Recap 09/19/17 {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...

19Sep3:51 pmEST

Equifax: It's a Long Way Down

With more bad news likely to come for EFX, combined with this monthly chart steep uptrend only beginning to break, there are too many "breaches" for me to think we are close to a buy-the-blood moment for anything more than a scalp, if that. As for the market at-large, bulls can claim a minor victory today in a calm session leading up to...

19Sep1:26 pmEST

A Rare Slow and Steady Race

One of the more interesting aspects about the price action in most materials and miners (precious and non-precious) over the last several weeks has been the decidedly orderly nature of the consolidation after previously rallying into the end of summer trading. After all, we are talking about a group of sectors related to commodities, where the...

19Sep10:39 amEST

Natural Gas: Whoever Said the Rhyme Did the Crime

The battle to trade even a brief, cyclical bull run in natural gas may very well feel as though it has morphed into its own version of The Hundred Years' War for natty longs, what with a seemingly never-ending downtrend oftentimes failing to muster a tradable bounce for more than a day or two, at most. Indeed, natural gas has been the epitome...

18Sep4:53 pmEST

Stock Market Recap 09/18/17 {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...

18Sep3:37 pmEST

Rules for the Range: I'll Be Right Back!

Some afternoon selling in the Nasdaq sees the QQQ ETF, update below on the 30-minute chart, quickly move down to the bottom end of what is a fairly tight range over the last week or so. The range illustrates just as quickly as we see the top end, price is right back down to probe the bottom end. The top end of the range also stretches back to...

18Sep1:31 pmEST

Surviving the Fall

After an energetic open to the upside, stocks are mostly drifting sideways-to-slighty-down into the daly afternoon portion of the session. Even though trimming partial profits on longs makes sense, it remains difficult to step in front of this market on the short side, especially with the FOMC coming up later this week. Turning to the steel...

18Sep10:50 amEST

Virtual Reality is Great But Let's Remember the Real Thing

NVIDIA is gapping up once again this morning as upgrades continue to pour in. Beyond that, the stock is now on the tip of everyone's tongue, what with its virtual reality technology coupled with a ferocious if not steep long-term uptrend. Given how popular the name has become, I took the opportunity off the opening bell to lock in some profits...