Watching FANG, and FANG, Closely

10Mar9:16 amEST

Sliding Off the Schneid

Stocks are set to open noticeably higher after the jobs report earlier this morning. When we view the S&P 500 Index and Nasdaq daily charts, there has been little if any, real technical damage of which to speak. However, those pesky small caps in the Russell 2000 Index, along with oil and TLT, have been a thorn in the side of upside momentum...

09Mar1:24 pmEST

Someone is Cruising for a Bruising

Crude oil and Treasuries continue to slide this afternoon, with bottom-fishers in the oil pits at risk of a further washout. Equities, as a whole, have largely held in rather well considering the USO swoon. Still, the small caps are now operating below their 50-day moving average on the IWM. And it will be interesting to see if bulls can...

09Mar10:46 amEST

Regeneron Trying to Regenerate a Good Chart

In addition to some of the more by-the-book sound biotechnology charts, like CELG and the BIVV blog post yesterday, which are on the the long radar here, we also want to be on the lookout for potential bottoming charts from laggards, too. After a breathtaking multi-year rally, from 2010-2015, Regeneron degenerated into a longtime laggard among...

08Mar3:56 pmEST

Stock Market Recap 03/08/17 {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...

08Mar3:55 pmEST

Crude, Where's My Support Car?

Some gnarly crude oil weakness (USO daily, below) appears to have finally stressed out the senior indices a bit today, even as QQQ is still green as I write this into the bell. The small cap ETF also sliced its 50-day moving average, which saw me lightening up long inventory. Overall, while it is not across-the-board bearish action, it is...

08Mar1:32 pmEST

Caution! You Have Entered the Spinoff Zone

In addition to tracking the steady but impressive progress of JCI spinoff and auto parts play, ADNT, in recent weeks, we also want to keep tabs on BIVV, equally impressive spinoff from large cap biotech, BIIB. Spinoffs tend to not be surrounded by as much hoopla as, say, the likes of Snapchat. But you may be doing yourself a disservice by...

08Mar10:58 amEST

No MSG, Please

High beta China internet plays are notoriously higher risk endeavors for traders, as they are more prone to violent reversals and, in some extreme cases, immediate delisting out of the blue as it is exposed that the companies were actually shells based out of a basement in Staten Island. Extreme cases aside, we saw the ghosts of high beta...

07Mar3:52 pmEST

Stock Market Recap 03/07/17 {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...

07Mar3:51 pmEST

Elders React to Snapchat

Into the bell on a slow Tuesday, here is a bit of a primer for those who are Snap-challenged, as the recent-IPO gets clubbed again today. See you after the bell for my recap.

07Mar1:45 pmEST

Watching FANG, and FANG, Closely

We have another slow trading day of consolidation on the major averages playing out, with a bit of a lull perhaps before a jobs number on Friday morning and another big FOMC next week. As long as the indices remain shallow in their consolidations, it is instructive to keep a close eye on the "FANG" leaders in the Nasdaq, an acronym for FB AMZN...