Gobbled Up Into the Gap Up

03Nov1:25 pmEST

Try to Embrace These Losers

Human nature and behavior economics dictate that, despite recent earnings success from both BlackBerry and Twitter, at the first sign of weakness longs will be rather quick to abandon ship. Recall that both BB (formerly BBRY, and before that RIMM) and TWTR have been mired in multi-year downtrends, devastating even the most optimistic, die-hard...

03Nov10:47 amEST

A Piece of the Pirog

As large cap tech giants in the U.S. zoom towards the $1 trillion market cap figure (see: Apple), there may be a bigger piece of the pirog, so to speak, for comparable firms overseas. Just this morning for example, beyond AAPL, we have MercadoLibre, Inc. a South Americans e-commerce company, gapping up after earnings more than 11% and...

02Nov3:50 pmEST

Stock Market Recap 11/02/17 {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...

02Nov3:47 pmEST

It's Not Just Apple Being Served Up

Apple earnings after the bell tonight headline the action. But also keep in mind we have Apple suppliers CRUS QRVO as well, and then SWKS next week. So, it will be interesting to see the whole apparatus function for Apple, not unlike TSLA today with the lithium plays ALB FMC SQM. Overall, bulls clawed back again today, keeping bears at bay...

02Nov1:13 pmEST

See This Growth Through the HubSpot Telescope

With earnings out of the way, a small/mid-cap cloud-based marketing and sales software firm like HubSpot, below on the daily chart, may very well be overlooked as market players linger on the likes of BABA FB TSLA, among others. However, that would be a mistake, since HUBS has terrific earnings growth and a sound chart, to boot. Note price...

02Nov10:45 amEST

Tesla's Not-So-Electric Slide After Earnings

After earnings, Tesla is diving below its 200-day simple moving average (yellow line on TSLA's daily chart, below) for the first time since the very early days of January of this year. While the temptation may be to rush in a buy the "dip," in reality it is worth remembering we are talking about a very high beta, momentum-driven name which...

01Nov3:48 pmEST

Stock Market Recap 11/01/17 {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...

01Nov3:47 pmEST

Nickel May Be Out of a Pickle

Just a quick note into the bell that the vastly under-watched nickel market, using JJN as a very rough proxy, below, is hitting multi-year highs today, as one of our Members astutely noted. Not only is JJN breaking its recent bullish cup-and-handle pattern higher, but it is also clearing well-defined resistance, as you can see on the JJN daily...

01Nov1:20 pmEST

Turning Back Napoleon as Winter Approaches

The small caps in the Russell 2000 Index continues to show signs of a Napoleon Complex today, reversing down hard after a broad market gap up and, in effect, ruining what could have been a runaway move for bulls to the upside. Breadth is deteriorating, and was one of the first observations we noted for Members this morning off the open. At...

01Nov10:46 amEST

Gobbled Up Into the Gap Up

Despite a sizable gap up on several indices this morning, the small caps are flipping back to red as I write this. The Nasdaq is not faring much better, as it is flattish here. However, despite the mixed bag below the surface we may simply be seeing some early shakeouts before what figured to be a very event-filled rest of this week, with AAPL...